998 Fifth Avenue, #1W, New York (Upper East Side), NY, 10028 | $19,500,000

Presenting a magnificent fourteen-into-eleven room simplex maisonette in triple-mint condition, distinguished by extraordinary scale and proportions, and exquisite architectural detail. Located within 998 Fifth Avenue, one of the Upper East Side’s most beautiful and distinguished cooperative buildings, this exceptional residence is one of just seventeen apartments in a landmark building designed by McKim, Mead & White. Expansive and spanning over 5, 000 square feet, the apartment has been recently renovated by Julie Hillman, and the pleasing result has been featured in numerous publications. Systems throughout are state-of-the-art. This is a residence of rare sophistication, ideally suited to a discerning buyer with a taste for timeless elegance and refined living. The residence features delightfully sun-flooded interiors, ceilings soaring above 12 feet, two wood-burning fireplaces, and oversized French windows overlooking the fountains and iconic limestone façade of the Metropolitan Museum of Art, as well as the trees lining Fifth Avenue. Uniquely, the residence offers two entrances: one through the building’s majestic interior lobby at 998 Fifth Avenue, and the other its own private entrance directly from Fifth Avenue, with its own distinct address: 999 Fifth Avenue. Entered from the 998 Fifth Avenue lobby, the residence opens to a gracious Foyer leading into a truly dramatic Gallery, which retains its handsome wood paneling, Tennessee marble floors, and carved plaster ceiling. Stretching nearly 33 feet in length, the Gallery sets the tone for the apartment’s extraordinary public rooms. It adjoins an immense Living Room, over 42 feet in length, anchored by a wood-burning fireplace and framed by three large windows facing Fifth Avenue. Opening from the Living Room are two more intimate rooms, also overlooking Fifth Avenue: a sumptuous wood-paneled Library and a sunlight-drenched Den, the latter with its own wood-burning fireplace and en suite bath. Conveniently located off the Gallery are a Powder Room and multiple coat closets. A vast, fully-equipped chef’s eat-in Kitchen has been designed to support both grand entertaining as well as extremely comfortable daily life. There are two separate bedroom wings, both set off from the common rooms. On the southern side of the residence is an enormous Primary Bedroom Suite, with a large corner bedroom awash with southern and western sunlight, two bathrooms, and two large custom-fitted dressing rooms. On the northern side of the apartment are two additional bedrooms, each with its own bathroom, one with very ample closet space. A large laundry room is also located in this wing. Residents of 998 Fifth Avenue enjoy the highest level of service, security, and discretion. This white-glove cooperative, comprised of only 17 residences, offers a recently renovated state-of-the-art fitness center. The apartment also transfers with two sizable private storage rooms, as well as a separate large cold storage bin for wine. An architectural masterpiece, 998 Fifth Avenue was designed between 1910 and 1912 by William Richardson of McKim, Mead & White. At once palatial and understated, the building is crowned by a richly detailed copper cornice and frieze. Most notably, its stately entrance is protected by a remarkable fully glazed ironwork marquee, whose ornate detailing provides a striking contrast to the building’s limestone façade. Long considered a landmark in residential apartment living, 998 Fifth Avenue represents a standard of elegance that has often been aspired to, but rarely achieved.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 13
  • Amenities: Courtyard; Private Storage;
  • Rooms: 9
  • Bedrooms: 3
  • Baths: 5 full / 1 half
  • Laundry: CommonArea
  • Year Built: 1912
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • OLR#: RLS20081161
  • Days on Market: 62 days
  • Website: https://www.raveis.com
    /prop/RLS20081161/998fifthavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

The Laurie Detwiler TeamSales Associates

781.789.7974

Detwiler.Team@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Michael CartierVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1017266

508.335.8179

Michael.Cartier@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance

617.320.5687

Joel.Fanjoy@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

998 Fifth Avenue, #1W, New York (Upper East Side), NY, 10028

$19,500,000

The Laurie Detwiler Team

Sales Associates

William Raveis Real Estate

Phone: 781.789.7974

Detwiler.Team@raveis.com

Michael Cartier

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.335.8179

Michael.Cartier@raveis.com

NMLS Mortgage Loan Originator ID 1017266

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $15,600,000 $15,600,000 $15,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $87,356 $94,787 $130,590
Total Monthly Payment $87,481 $94,912 $130,715

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.