Late Trammo founder’s co-op at 998 Fifth hits market for $29M

The sixth-floor co-op at 998 Fifth Avenue that belonged to the late Ronald Stanton, the former chairman and chief executive of Trammo Inc, is now on the market for $29 million.

998 Fifth Avenue (credit: Sotheby’s International Realty)

Stanton, a refugee from Nazi Germany and a noted philanthropist, died in September. He bought apartment 6W at the building in 2000 from Archibald Cox Jr, the son of the Watergate prosecutor, for a reported $16 million, according to the New York Observer. Serena Boardman of Sotheby’s International Realty has the listing.

998 Fifth Avenue (credit: Sotheby’s International Realty)

The apartment boasts 14 rooms, including a formal living room, dining room and an oval-shaped library. All of the common rooms have views of the Metropolitan Museum of Art. It also features two staff rooms, as well as a custom-fitted pantry, laundry, chef’s kitchen and breakfast room, according to the listing.

The board at the stately limestone co-op is notoriously fickle. The building has just 17 apartments, which don’t hit the market often. The board reportedly nixed the sale of the 6W apartment back when Archibald Cox Jr was the owner, which paved the way for Stanton to pick up the apartment 16 years ago.

The building was built in 1912 by the architectural firm McKim, Mead & White. In 2014, television mogul and billionaire Herbert Siegel and his philanthropist wife, Jeanne, sold their duplex co-op at building for $16.5 million — a $2 million loss.  [Observer] — Miriam Hall