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Parc V, 785 Fifth Avenue, #3C

$4,500,000 ($1,875 per ft2) -5.3% | 2 beds, 2.5 baths | Approx. 2,400 ft2
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77 days on Market

Key Details

  • Listed: Feb 16, 2024
    Last Price Change: -5.3% ($250,000) on Apr 2
    Days on Market: 77
    Building Type: Cooperative
    Neighborhood: Park/Fifth Ave. to 79th St. (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $6,540 ($2.73/ft2)
Est. Monthly Mortgage: $15,594
Total Est. Monthly Carrying Cost: $22,134 ($9.22/ft2)
Note: the above is based on a down payment of 50% ($2,250,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This luxurious property is located on Fifth Avenue with direct views of Central Park, The Plaza Hotel, and Grand Army Plaza. It is in close proximity to prestigious landmarks, fine dining, and high-end shopping.
  • Spacious and Elegant Interiors: The apartment is spacious with approximately 2,400 SF of interior space, high ceilings, and elevated doorways. It features an elegant double living room, expansive formal dining room, and a serene primary suite with custom built-ins and a large walk-in closet.
  • High-End Kitchen and Bar: The property boasts an enlarged windowed eat-in kitchen with top-of-the-line appliances and a wet bar with a dedicated prep sink, undercounter wine fridge, and an additional refrigerator.
  • Luxurious Finishes: The apartment is finished with a marble foyer and rich, dark-stain herringbone wood floors throughout. It also includes a Miele washer and dryer in-unit.
  • Building Amenities and Services: The building, designed by renowned architectural firm Emery Roth & Sons, offers full-time lobby attendants, a live-in resident manager, and a newly renovated fitness room. Other amenities include a private storage, central laundry room, parking garage, fitness center, valet services, fireplaces, terraces/balconies, and a full-service garage.
  • Additional Features: The monthly maintenance is inclusive of utilities and pieds-a-terre are welcome.

Description

NEW PRICE! A sleek and luxuriously appointed Fifth Avenue home with direct views of Central Park, The Plaza Hotel and Grand Army Plaza through oversized picture windows in a glorious Gold Coast white-glove cooperative. Residence 3C at Parc V presents a gracious 6-into-5 room layout, boasting high ceilings and elevated doorways that lend an air of grandeur throughout. This sprawling home offers an elegant double living room, an expansive formal dining room, an enlarged windowed eat-in kitchen, and a serene primary suite.

With approximately 2,400 SF of interior space, Residence 3C is perfect for those seeking an extravagant pied- -terre or a full-time residence with flexibility for up to 3 bedrooms as originally configured in one of Manhattan’s most coveted locales.

A marble foyer crowned with tiered molding overhead welcomes you home, ushering you into a grand living room where Central Park, The Plaza Hotel and illustrious New York City architecture all unfold before you. There is a handsome, intricately carved decorative marble fireplace anchoring the room, crafting an air of sophistication enhanced by rich, dark-stain herringbone wood floors that can be found throughout the entire home.

With extensive contiguous Fifth Avenue frontage stretching over 30 ft, views of Central Park continue from the formal living room into an adjacent second entertaining or lounging area. Here, there is a marvelously equipped wet bar with a dedicated prep sink, an undercounter wine fridge, an integrated undercounter refrigerator and a mirrored back bar to reflect the park foliage outside.

The wet bar extends seamlessly into a wall of custom modern millwork providing additional shelving and storage.

For those who entertain at scale, the formal dining room easily accommodates the largest of gatherings or dinner parties, serviced by an adjacent triple-windowed chef’s kitchen with a dedicated breakfast area for your more casual meals. Clad in white marble and abundant custom cabinetry from floor to ceiling, the kitchen is complete with a suite of all top-of-the-line appliances including a French door-style Subzero refrigerator/freezer, a Viking stove with suspended hood as well as an integrated Miele dishwasher. The entertaining areas are all serviced by a central powder room discreetly located off of the gallery, and there is an additional full bathroom with a stall shower off of the kitchen.

The sumptuous primary suite features an array of custom built-ins and closeting, including one large walk-in which has been fully outfitted with custom millwork and storage.

An enlarged 5-fixture primary bathroom is dressed completely in marble, warmed by cove lighting overhead. There is a deep, marble-encased soaking tub, a separate glass-enclosed stall shower as well as an oversized floating double vanity to provide added storage.

Additional features found throughout this home include custom marble window ledges (with built-in HVAC units), electronic shades and dimmable recessed lighting. There is also a Miele washer and dryer in-unit.

The Parc V is one of Fifth Avenue’s finest white-glove cooperatives, perfectly situated at the southern edge of Central Park and surrounded by some of Manhattan’s most prestigious landmark buildings, including The Plaza, The Sherry Netherland and The Pierre, and at the center of the city’s finest culture, shopping and dining.

Built in 1963 by renowned architectural firm Emery Roth & Sons, the limestone-clad Parc V offers its discerning residents full-time lobby attendants, a live-in resident manager, a newly renovated fitness room, private storage, a central laundry room and a parking garage. The lobby has just undergone a stunning designer renovation, and service includes mail and newspaper delivery right to your door. Monthly maintenance is inclusive of utilities.

Financing is up to 50% and there is flip tax of 2.5% payable by buyer. Pieds-a-terre are welcome. Unfortunately, pets are not.

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Apartment Amenities

  • City View
Listing courtesy of Brown Harris Stevens Residential Sales LLC

Pricing History

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About Parc V, 785 Fifth Avenue

78

Parc V, 785 Fifth Avenue has received a CityRealty Rating of 78, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

23
Out of 44
+
29
Out of 36
+
16
Out of 39
+
10
=
78
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No and Bad 0 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Exists 1 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unrelated Base 0 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
None 0 out of 2 points

Building Amenities

  • FT Doorman
  • Post War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Elevator
  • Mail Room
  • Fitness Center
  • Valet Services
  • Fireplaces
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Sensational location across from Grand Army Plaza
  • Close to Bergdorf Goodman
  • Close to Apple store
  • Horse-and-buggies nearby
  • Subway at corner
  • Across from Metropolitan Club
  • Adjacent to Sherry Netherland
  • Package room
  • Garage
  • Storage
  • Live-in superintendent
  • Fitness center
  • Full-time doorman
Cons
  • Many apartments
  • Plain white-brick facade
  • Considerable traffic
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Subways

  1. N
  2. Q
  3. R
at 5th Ave and 60th 0.05 miles
  1. F
at 6th Ave 0.26 miles
  1. 4
  2. 5
  3. 6
at Lexington Ave and 60th 0.28 miles
  1. M
  2. E
at 5th Ave and 53rd 0.34 miles
  1. B
  2. D
at Broadway and 53rd 0.49 miles

Other Apartments Available in this Building (2)

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