Rare pre-war condominium listings on Fifth Avenue for $ 28.5 million

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An apartment on the first floor of an Upper East Side apartment building went on the market Tuesday with a price of $ 28.5 million.

Located just across Fifth Avenue from the Metropolitan Museum of Art, the 14-story building, believed to have once been home to actress – and later Princess of Monaco – Grace Kelly, was designed by the great architect JER Carpenter in 1925.


“The holy grail of New York City architecture is the large-scale pre-war buildings,” the main buildings being those designed by Carpenter and his predecessor Rosario Candela, listing agent Dan Kessler said, who listed the property with Byron Anderson of Compass.

“Only two [of Carpenter’s buildings] have been converted into condos and only one of these buildings is on Fifth Avenue, ”Kessler said. Condo ownership has more flexibility than co-op or apartment ownership, he added. Condominium boards are also more open to foreign buyers.

The wedding cake style building has several distinct levels that decrease in size as the floors increase. This penthouse is located on the penultimate floor of the first floor. “It’s the tallest you can be with the biggest floor plan,” Mr. Kessler said.

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The four-bedroom apartment, one of the building’s 13 units, is being sold by a former Morgan Stanley executive who bought the house in 2003 for $ 9.2 million, according to property records.

Measuring 3,673 square feet and accessible by a private marble-clad elevator landing, the home has a living room with a wood-burning fireplace and windows overlooking the museum and Central Park, according to the listing.

There’s also a French-style polished mahogany library, formal dining room, kitchen with an adjacent breakfast room, and separate staff quarters.

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The Fifth Avenue building has “housed prominent New Yorkers from the start,” the list says.

Along with Kelly – who reportedly lived there before her marriage to Prince Rainier of Monaco – it also housed Sylvia Green Wilks, the daughter of Wall Street descendant Hetty Green, according to the listing. Green Wilks reportedly lived on two floors of the building, using one for his home and the other for storing his excess furniture.


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