RealtyLens
for saleRealtyLens property overview
$4,500,000

785 5th Ave Apt 12C

Manhattan, NY, 10022
View more Manhattan, NY property pages
2Beds
2.5Baths
2,400Sqft
$1875$/sqft

Listing Notes

Exceptional High-Floor Residence at Park V, 785 Fifth Avenue Discover a truly remarkable residence on a high floor, recently renovated to perfection and now available at the prestigious Park V. Upon entering your private landing, you will be captivated by breathtaking side Park and landmark views, an abundance of natural light, and grand-scale rooms featuring 9-foot ceilings throughout and approximately 2, 400 square feet of sheer elegance. Residence 12C welcomes you with a proper foyer, Peiser custom hardwood floors, numerous walk-in closets, California Closets, central air conditioning and heating units, a vented washer and dryer, and a whimsical powder room. The grand living room, with Central Park views, is both inspiring and tranquil, perfect for relaxation or entertaining. The primary bedroom also offers stunning views of Central Park and surrounding landmarks, featuring custom cabinetry, two walk-in closets, and a spectacular en-suite bathroom outfitted with Porcelanosa fixtures and tiles, a Duravit toilet, City Quiet windows for ultimate serenity. The secondary bedroom, located on the opposite side of the apartment, is equally spacious and includes a walk-in California Closet, an en-suite windowed bathroom equipped with Porcelanosa fittings, a Duravit toilet, a shower, and a separate tub . The windowed kitchen is a chef's delight, equipped with a vented Miele oven and stove, Poggenpohl custom cabinetry, a 48 Miele refrigerator and a vented Miele washer and dryer. It seamlessly connects to a generously sized dining room, ideal for hosting guests. The Park V is one of Fifth Avenue's most elegant white-glove cooperatives, offering the highest level of service and security. Built in 1963 by Emery Roth, the building features a limestone faade and is ideally situated near The Pierre, The Sherry-Netherland, Cipriani, the Metropolitan Club, exceptional restaurants, world-class shopping, renowned arts institutions, and, of course, Central Park. The building has recently secured a premier retail tenant, Audemars Piguet a Holy Grail brand for watch collectors. The resident manager and exceptional staff provide unparalleled service. Maintenance includes all utilities. The recently renovated, jaw-dropping lobby welcomes you home each day. Amenities include a fitness center, storage, and a parking garage. Pied- -terre and international purchasers are welcome. Flip tax is 2.5%. The building is currently completing Local Law 11 work, ensuring many years with a newly repointed faade. I would be delighted to arrange a showing.

Market Insights

Below nearby median-19%

$1875/sqft vs a nearby median of $2307/sqft.

Nearby median$2307/sqft
Nearby properties12
Property size2,400 sqft
  • -19% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 2,400 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$5.67M$5.16M$6.19M · 50% confidence
vs ask $4.50M−$1.18M (−26.1%)

Asking price is about 26.1% below the fair value — likely to draw competing offers if it's still on market.

$2,307/sqft median across 11 tight comps × 2,400 sqft= $5.54M
  • Transit access+$221k +4.0%
  • Mid-century building era−$83k −1.5%
Cumulative NYC adjustments+$138k+2.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-19% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
29 days
Last price change
No change recorded
Listed
Apr 13, 2026
Photos
18 photos
Property type
coop
Status
for sale
Last sold
Apr 19, 2011 · $3,500,000

Features & Amenities

DoormanElevatorGymSecurity FeaturesRecreation FacilitiesGarage 1 Or MoreTwo Or More StoriesHigh CeilingRental PropertyEnsuiteStunning ViewsViewsWalk In ClosetHardwood FloorsDenMaintenanceShopping

Photos

Building Facts

Year built
1963
Stories
18
Total units
68
Residential units
66
Building area
3.75 ac
Lot size
13,229 sqft
Land use
Multi-family elevator buildings
Building class
D4

From NYC public records where available.

Price History

May 4, 2026Initial record
$4,500,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.