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, with actual light and ventilation to assess from the unit plan and surrounding conditions rather than construction era. 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, subject to reasonable-accommodation requirements for both service and emotional-support animals. 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.

Recent sales

Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. Most recent trades (2026 to date) cleared a median $1,459/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 7.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01374-0069). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.

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, subject to housing-law accommodations for service and emotional-support animals.

The view and the garage are the assets to underwrite. Park- and plaza-facing apartments on the upper floors may have views buyers value; use matched sales to test any premium without assuming superior value retention, 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 for the board's review.

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:

• 1009 Fifth Avenue — the Benjamin N. Duke House, a Beaux-Arts mansion on Fifth Avenue (not recorded as a co-op)
• 2 East 70th Street — full-service co-op steps off Fifth Avenue
• 1016 Fifth Avenue — Fifth Avenue cooperative facing Central Park