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