Parc V (785 Fifth Avenue)

Parc V reads as restrained early-1960s luxury: a limestone base grounding a masonry tower, with the clean massing and large windows that defined Emery Roth & Sons' work for Fifth and Park in that decade. The Grand Army Plaza siting means the building's prime exposures face north and west toward Central Park and the plaza — the view program that drives value here.

Inside, the apartments are post-war in plan: well-proportioned rooms, broad windows, and the higher light-and-air efficiency of a building designed after the war rather than before it. With only about 66 residences across 18 floors, the building runs just a few homes to a landing, and the park-facing lines on the upper floors are the most coveted in the building. The white-glove infrastructure — full-time doorman, live-in superintendent, a renovated fitness center, package room, and the attended garage — supports a primary-residence and pied-à-terre clientele drawn to the address.

Parc V is a white-glove post-war cooperative. Service includes a full-time doorman, a live-in superintendent, a recently renovated fitness center, a package room, and private resident storage. The signature amenity is the attended on-site parking garage with direct elevator access to the residences — a genuine rarity on Fifth Avenue and a meaningful draw for buyers who keep a car. The cooperative maintains a no-pets policy, with service animals permitted. A 2.5% flip tax applies on resale, financing is capped at 50% of the purchase price, and the board welcomes pied-à-terre purchasers and international buyers — a posture well-suited to the building's Grand Army Plaza positioning.

With roughly 66 apartments, Parc V is tightly held and turns over modestly — typically a few resales in a given year. Pricing reflects the address: the Grand Army Plaza corner and the park-facing exposures command the premium, with upper-floor north- and west-facing lines at the top of the building's range and interior or lower lines trading more accessibly. The combination of a marquee Fifth Avenue address, a rare on-site garage, and a low unit count keeps demand durable. For a current read on where a specific line trades, we maintain live comparables and are glad to share them.

This is a post-war cooperative, so a purchase clears a board package and interview. The financial bar is set by a 50% financing cap — buyers should plan for at least half the purchase price in cash — and a 2.5% flip tax that is the seller's expense on resale but factors into long-run economics. The board welcomes pied-à-terre purchasers and international buyers, which is well-aligned with the building's address; the trade-off is the no-pets policy, a real consideration for animal owners.

The view and the garage are the assets to underwrite. Park- and plaza-facing apartments on the upper floors carry the premium and hold value best, and a deeded or assigned garage space — with direct elevator access — is a tangible add at this address. We help buyers read the package, benchmark the exact line and exposure, and structure an offer the board will approve.

The address does the heavy lifting: directly on Grand Army Plaza, facing Central Park, beside the Plaza and the Pierre. Lead with the park-and-plaza views from the upper floors, the white-glove service, and — distinctively — the attended on-site garage with direct elevator access, which sets Parc V apart from nearly every pre-war neighbor.

Price against the Fifth Avenue and Grand Army Plaza post-war and pre-war co-op set, positioning park-facing high-floor homes at the top of the range. The pied-à-terre- and international-buyer-friendly board widens the buyer pool meaningfully for a building at this price point. We position each line by exposure and floor and manage the board process from accepted offer through closing.

If you're weighing Parc V, also consider these nearby Fifth Avenue and Central Park co-ops:

• 1000 Fifth Avenue — pre-war Fifth Avenue co-op facing the Met
• 1009 Fifth Avenue — Fifth Avenue pre-war co-op nearby
• 2 East 70th Street — full-service co-op steps off Fifth Avenue
• 1016 Fifth Avenue — Fifth Avenue cooperative facing Central Park

The Roebling Team at Compass specializes in Fifth Avenue, the Grand Army Plaza corridor, and the broader Park-facing Manhattan co-op market. We publish this profile because buyers and sellers at an address like Parc V deserve building-specific intelligence: the exposures that carry the premium, the value of the on-site garage, the board's financing cap and policies, and where each line sits against the comparable set.

If you're considering a purchase or sale at Parc V, a 30-minute consultation is the right starting point.