Apartments at 990 Fifth Avenue, a grand, Rosario Candela-designed co-op building, don’t come up for sale very often. In fact, in the past few years, only one of its apartments has been on the market: a triplex on the 12th, 13th, and 14th floors, which first hit the market back in 2010 with the then-astronomical price tag of $42 million.
But oh, how times have changed. That duplex is once again on the market, but this time, the asking price is even higher; after a renovation, it’s now going for a whopping $52 million—making it one of the most expensive homes for sale in NYC right now. (It’s also quite ambitious, given the general downturn in luxury real estate these days.)
According to the Wall Street Journal, which first reported the listing, it’s being sold by Rafael Nasser, a descendent of a family that amassed its wealth through textile manufacturing. It’s listed with Harry and Lois Nasser of Sotheby’s International Real Estate, who are cousins of the owner. The family bought the place back in the 1980s (at that time, it’d been decorated by Sister Parish), and after listing it in 2010, tried again several more times—for $50 million in 2014, and for $42 million again in 2014.
But now, it’s been renovated with more contemporary buyers in mind—Sister Parish wasn’t exactly known for her muted style—with five bedrooms, four bathrooms, two partial bathrooms, and plenty of modern upgrades (A/C, new windows, new appliances, and the like). There are plenty of elegant decorative elements, including detailed plaster ceilings and a granite entryway, and there are five fireplaces. The best part may be the expansive terrace, which has views of Central Park.
As far as Candela buildings go, 990 Fifth Avenue is one of the most opulent; in designing that building, he “continued to push the definition and scope of luxury living,” as Joanna Scutts wrote for Curbed last year, with larger apartments with “penthouse terraces, double-height ceilings, and grandiose entertaining spaces.” This space benefits from all of that; now, to see if it can actually sell for $52 million.
The opulent triplex at 990 Fifth Avenue is listed with Harry and Lois Nasser of Sotheby’s International Realty.