Luxury Fifth Avenue co-op hits market for first time in 70 years

Unit 10A at 960 Fifth Avenue is asking $48M

New York /
May.May 20, 2019 02:30 PM
Honorable C. Douglas Dillon (pictured with President John F. Kennedy in 1961) and 960 Fifth Avenue (Credit: Wikipedia)

Honorable C. Douglas Dillon (pictured with President John F. Kennedy in 1961) and 960 Fifth Avenue (Credit: Wikipedia)

A luxury co-op on Fifth Avenue with amenities ranging from a servants’ hall to a full time in-house French chef is hitting the market for the first time in 70 years.

The Upper East Side unit at 960 Fifth Avenue is named after the late Honorable C. Douglas Dillon, a former resident and the former ambassador to France under President Dwight Eisenhower and Secretary of the Treasury under President John F. Kennedy.

The five-bedroom, six-bathroom pad is asking $48 million, according to its listing on Sotheby’s. The co-op was built in 1927 and maintenance costs are $20,631 per month.

The seller’s identity wasn’t immediately clear. Serena Boardman of Sotheby’s International Realty, who is handling the listing, did not immediately respond to a request for comment.

A penthouse unit at 212 Fifth Avenue just went under contract last week for $58 million, which was the most expensive contract of the year for Manhattan’s luxury market.


Related Articles

arrow_forward_ios
(IStock illustration by Kevin Rebong)
Smaller cities look to cash in on shift to remote work
Smaller cities look to cash in on shift to remote work
Douglas Elliman chairman Howard Lorber (Getty)
Douglas Elliman reports $14M profit, 50% revenue jump in quarter
Douglas Elliman reports $14M profit, 50% revenue jump in quarter
Glenn Kelman (Randy Stewart via Flickr)
Redfin revenue grows as it races to hire more agents
Redfin revenue grows as it races to hire more agents
Photo illustration of Mayor Bill de Blasio as Uncle Sam (iStock, Getty/Illustration by Kevin Rebong)
NYC has $1.3B in unpaid property taxes
NYC has $1.3B in unpaid property taxes
(Getty)
Nearly half of home sellers overpaid their broker fees in 2020
Nearly half of home sellers overpaid their broker fees in 2020
CBRE CEO Bob Sulentic. (CBRE, Getty)
CBRE’s 2020 earnings down 8%
CBRE’s 2020 earnings down 8%
January is the second consecutive month of increase in new home sales. (Getty)
Sales of new homes up 4.3% in January
Sales of new homes up 4.3% in January
(iStock/Illustration by Alexis Manrodt for The Real Deal)
US home prices are more than 5% too high: Fitch
US home prices are more than 5% too high: Fitch
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...