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

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

TRD 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.

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