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Glorious History Can't Stop Apartment From Losing $5M in 2 Months

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A century ago, the 12-story limestone palace at 998 Fifth Avenue was the first building to make apartment living less of a shameful affair for the fanciest families. But now it's dealing with some shame of its own: the building's 5,000-square-foot maisonette hasn't been able to sell, forcing it to PriceChop by $5 million in only two months on the market. The apartment, which also boasts a private 999 Fifth Avenue address and some fresh listing pics, was asking $24 million in November, for its original sconces, wood paneling, and restored Tennessee marble floors. If there's any apartment out there with a shot at getting its $24M ask, we'd have put our money on this one. But after one chop to $21.5 million and a second cut yesterday, the ask is now a mere $19 million. We don't think this means the board will be letting the riffraff in, though.

· Listing: 998 Fifth Avenue [Stribling]
· 998 Fifth Avenue #999 [StreetEasy]
· $24 Million for the Apartment That Made Apartments Less Shameful [Curbed]

998 Fifth Avenue

998 Fifth Avenue, New York, NY