Cooperative · 1925
969 Fifth Avenue
969 Fifth Avenue, New York, NY 10075
Buildings·Cooperative

969 Fifth Avenue

969 Fifth Avenue, New York, NY 10075

At a glance
Year built
1925
Type
Cooperative
Landmark
No

969 Fifth Avenue is one of the most close-held addresses on the avenue — a 16-story pre-war cooperative with only 12 apartments, standing directly across from Central Park at the corner of East 78th Street. Built in 1925 to the design of Joseph L. Raimist, it rose on the site of the William Lawrence mansion, a Gilded Age house that had stood since the 1880s before the parcel was sold to developers in 1925. The building converted to cooperative ownership in 1946, an early-wave conversion that established the intimate shareholder house it remains today.

The case for the building is exclusivity and the park. Twelve apartments across sixteen stories means most homes occupy a full or near-full floor, with the direct Central Park frontage that defines the most coveted Fifth Avenue addresses. The residences are substantial — roughly 1,300 to 4,000 square feet, many with wood-burning fireplaces — and the building is run as a white-glove cooperative with a full attended-lobby staff. It is the kind of small, discreet park-facing house that rarely comes to market and trades on its scarcity when it does.

Architecture and unit composition

969 Fifth is a dark-brick tower over a limestone base — the quiet, dignified Fifth Avenue idiom of the 1920s, in which the architecture defers to the setting and the park rather than competing with them. At sixteen stories on a corner site, the building commands open views over Central Park to the west and up and down the avenue, a positioning that Joseph L. Raimist's design was built to exploit.

The 12 cooperative residences are the building's defining feature. With so few apartments in a sixteen-story building, most homes are full-floor or near-full-floor, sized from roughly 1,300 to 4,000 square feet, and many retain wood-burning fireplaces along with the high ceilings, gracious entertaining proportions, and direct park exposures that mark the best of the avenue. Each apartment is effectively unique, and renovated homes here pair the pre-war framework with modern systems and finishes. The penthouse and upper-floor homes carry the building's widest views.

Building operations

969 Fifth runs as a full-service, white-glove cooperative scaled to its dozen households. The building is staffed with a full-time doorman, concierge, and elevator-operator service alongside a resident manager — a level of attended service usually reserved for far larger buildings, here concentrated on twelve homes. On-site amenities are the discreet practicalities of a small luxury co-op: private storage and a central laundry room. The value proposition is service and privacy, not a sprawling amenity floor.

On policy, the cooperative is conservative, in keeping with its tier. The building permits financing of up to 30% of the purchase price — a low cap that signals a financially substantial, owner-occupant buyer base — and a 3% flip tax is paid by the purchaser at closing. The building is pet-friendly. As with any top-of-avenue cooperative, the board conducts a thorough review of each purchase, with a full financial package and an interview; buyers should expect a rigorous, traditional admissions process.

Local Law 97

Carbon-penalty exposure
🟠
Material — penalties in current period, escalating in 2030
2024–2029 annual penalty
$3,056/yr
2030–2034 annual penalty
$30,426/yr
Per unit / month range
$21 – $211
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
Safe
2010–15
SWARMP
2015–20
Safe
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2029
On record
$2,000 in filing penalties
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.

See the full facade history →

Recent sales

Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.

DateUnitApartmentPricePPSFvs. Ask
May 1, 20265
3 BR · 4.5 BA · 4,600 sf
$13,000,000$2,826/sf-3.7%
Feb 15, 20241/2F
3 BR · 3 BA · 2,800 sf
$3,050,000$1,089/sf-12.7%
Dec 15, 20214
2 BR · 2 BA · 1,900 sf
$2,650,000$1,395/sfoff-mkt
May 21, 202015
3 BR · 2.5 BA
$4,000,000-19.2%
Jun 1, 20174
2 BR
$3,871,000-8.9%
Jul 6, 201213
2 BR
$3,675,000-12.5%
Nov 4, 20097
2 BR · 1,873 sf
$3,038,500$1,622/sf+3.0%
Jul 12, 20077
2 BR · 1,873 sf
$4,550,000$2,429/sf-8.1%

Market read. Most recent trades (2026) cleared a median $2,826/sf across 1 sale. Median listing discount 8.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

The retrade record

Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.

4 · 1,900 sf-32%
$3,871,000 ($2,037/sf) 2017$2,650,000 ($1,395/sf) 2021
7 · 1,873 sf-33%
$4,550,000 ($2,429/sf) 2007$3,038,500 ($1,622/sf) 2009
11-60%
$16,250,000 2008$6,500,000 2024

Other recent transfers

DateUnitPrice
May 27, 202614$4,150,000
May 14, 202411$6,500,000
Jun 24, 2020PH$2,150,000
Jun 26, 200811$16,250,000

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01392-0069) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.

What to know if you’re buying

This is a trophy purchase, and the diligence should match. The draw is unambiguous: a full-floor or near-full-floor home, directly on Central Park, in a twelve-unit white-glove cooperative — with full-time doorman, concierge, and elevator-operator service. Expect a conservative financial profile: the building permits only 30% financing, so plan for a substantial cash position, and budget for a 3% flip tax paid by the purchaser at closing. The board review is rigorous and traditional; assemble a complete, well-documented package and prepare for an in-person interview. The building is pet-friendly, a welcome flexibility at this tier. Evaluate each apartment on its specific floor, views, fireplaces, and condition — at twelve homes, no two are alike, and the park exposure is what you are ultimately buying.

What to know if you’re selling

Scarcity is the entire marketing strategy. A park-facing home in a twelve-unit Fifth Avenue cooperative is something buyers wait years for, and the listing should lead with that: full-floor scale, direct Central Park views, wood-burning fireplaces, and white-glove service in one of the avenue's smallest houses. Present the apartment's floor, view breadth, and renovation level precisely, since those drive value at this level. Price against the avenue's small park-facing co-ops and the building's own history rather than larger or interior-facing inventory. The qualified buyer pool is narrow but motivated, and the conservative 30% financing cap means most purchasers arrive with strong cash positions — a point worth surfacing for board readiness. Plan the rigorous board package and interview into the timeline from the outset.

Comparable buildings

If you're considering 969 Fifth Avenue, also evaluate these nearby Fifth Avenue park-facing co-ops:

The Roebling Team at 969 Fifth Avenue

The Roebling Team at Compass specializes in Fifth Avenue, the park-facing cooperative market, and the broader Upper East Side. We publish this profile because buyers and sellers evaluating a small, top-of-avenue park-facing co-op deserve building-specific intelligence — the architecture and history, the service model, the financing and flip-tax posture, and where a home here sits among Fifth Avenue's most exclusive small houses.

If you're considering a transaction at 969 Fifth Avenue, a 30-minute consultation is the right starting point — we'll walk the building, its policies, and the comparison set with you.

Considering a move at 969 Fifth Avenue?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com