980 Fifth Avenue
980 Fifth Avenue, New York, NY 10075
BBL 1014910001 · BIN 1046426
- Year built
- 1966
- Type
- Cooperative
- Units
- 45
- Floors
- 26
- Landmark status
- Requires confirmation
- City records and our profile differ. Confirm with building management.
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Maximum financing
- Requires confirmation
- Flip tax
- 2.5% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
- Financing
- Requires confirmation
- Subletting
- Permitted with Board approval.
- Pets
- Permitted, subject to Board approval.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median
- $5.3M
- Recent range
- $4.4M – $14.8M
- Listing discount
- 7.3%
- Recorded transfers
- 39
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 980 Fifth Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
980 Fifth Avenue is the building that stood, structurally and culturally, at the seam of the New York Landmarks Preservation Commission's creation. The 1966 building replaced Isaac Vail Brokaw's 1887 chateau-like mansion — the demolition of which (alongside the demolition of the original Penn Station) was a galvanizing event in the creation of the LPC. The New York Times editorial "Rape of the Brokaw Mansion" mobilized public opinion against the postwar mansion-to-tower conversions on Fifth Avenue.
The most consequential of its distinctions is the all-cash policy: no financing is permitted, placing 980 among the most restrictive financial-entry profiles on the corridor. Set against that exclusivity is a substantial postwar amenity infrastructure — a circular driveway with porte-cochère, a large landscaped outdoor plaza (registered as a privately-owned public space with APOPS), a Robert A.M. Stern Architects-renovated lobby, an on-site garage with discounted shareholder rates, and a newly completed rooftop observatory deck with Central Park and skyline views. The roster has its own anchor in the Pier Luigi Loro Piana resident anchor — the Italian Loro Piana billionaire, who purchased a three-bedroom in 2014.
Architecture and unit composition
The site previously held Isaac Vail Brokaw's 1887 chateau — the demolition of which became one of the galvanizing events in the creation of the NYC Landmarks Preservation Commission, a significance documented by Friends of the Upper East Side. The Brokaw demolition, alongside the demolition of the original Penn Station, mobilized public opinion to demand a landmarks-preservation regime; the LPC was created in 1965, the year before 980 Fifth opened.
The 1966 building was designed by Paul Resnick and H.F. Green for the Campagna Construction Corporation. The slightly projecting limestone window bays give the tower verticality. Large picture windows have slender limestone reveals. The entrance features a circular driveway with a porte-cochère and large landscaped outdoor plaza (registered with APOPS as a privately-owned public space).
Robert A.M. Stern Architects completed a lobby renovation, lifting the public spaces to a level commensurate with the apartment quality.
The forty-five apartments distribute across the building's twenty-six floors. The postwar configuration — with the larger floor plates and Robert A.M. Stern-renovated lobby — supports trophy positioning despite the postwar vintage.
Building operations
980 Fifth operates as a full-service Carnegie Hill cooperative:
- 24-hour doorman and concierge
- Live-in resident manager
- On-site garage (with discounted rates for shareholders) — a structurally meaningful amenity for a Fifth Avenue cooperative
- Newly completed rooftop observatory deck with Central Park and skyline views
- Porte-cochère drop-off
- Privately-owned public space (APOPS-registered) landscaped plaza
The amenity layer is comprehensive — the porte-cochère, on-site garage with shareholder discount, and rooftop observatory deck combine to produce one of the more substantial postwar Fifth Avenue cooperative operational profiles.
Policy framework
Verified across architectural coverage and broker reporting:
- Pets: Permitted with board approval
- Pied-à-terre: Permitted
- Financing: Not permitted (all cash)
- Flip tax: 2.5%
- Subletting: Board approval required
- Trust ownership: Subject to board approval
- LLC ownership: Not typical
- Foreign buyer: Substantial board diligence
- Post-closing liquidity: Substantial Carnegie Hill reserves customary
- Board interview: Required; full financial and personal-reference disclosure
The all-cash policy is the building's most structurally distinguishing operational fact. No financing is permitted on acquisition — a posture that materially narrows the buyer pool and benchmarks the building among the most exclusive financial-entry profiles on the corridor.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- 2.5% of the gross arms-length sales price of the apartment
- Rate
- 2.5% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of September 2026
Purchase
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 | Refundable Non-refundable |
| credit check feePer applicant | Paid by Buyer | When With the application | Amount $250.00/per applicant | Refundable Non-refundable |
| If financing, Recognition Agreement FeeConditional | Paid by Buyer | When At closing | Amount $300 | Refundable Non-refundable |
| Closing Administrative Fee | Paid by Seller | When At closing | Amount $850 | Refundable Non-refundable |
Sublet
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $600 | Refundable Non-refundable |
| credit check feePer applicant | Paid by Subtenant | When With the application | Amount $250.00/per applicant | Refundable Non-refundable |
Refinance
3 items
Management's “less refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $450 | Refundable Non-refundable |
Management's “more refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $450 | Refundable Non-refundable |
| Credit Check Fee | Paid by Shareholder | When With the application | Amount $250 per shareholder | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- Requires confirmationSources differ. Confirm with building management.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsOnly under extenuating circumstances. Subject to board approval. (see subleasing requirements)Source: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedPlease refer to the House Rules for the board's pet policy.Source: building management's published schedule, as of September 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $1,597 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- GarageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent.
Local Law 97
- 2024–2029 annual penalty
- $140,258/yr
- 2030–2034 annual penalty
- $262,102/yr
- Per unit / month range
- $260 – $485
- Modeled exposure split equally across 45 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
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. City record last verified September 2026.
Management & transfer contacts
- Flip tax
- 2.5% of gross sale price
- Sublet policy
- Allowed only under extenuating circumstances, subject to board approval
- Notable fees
- Max financing 50%; Closing Admin Fee $850; App Processing $700
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Feb 20, 2026 | 24 | 4 BR · 7 BA | $14,800,000 | -8.6% | |
| Dec 3, 2025 | 11B | 3 BR · 3.5 BA · 2,590 sf | $5,250,000 | $2,027/sf | +0.0% |
| Jul 31, 2025 | 6A | 3 BR · 4 BA | $5,175,000 | -5.9% | |
| Apr 29, 2025 | 8B | 4 BR · 3.5 BA | $4,250,000 | +0.0% | |
| Jun 27, 2024 | 8A | 3 BR · 4.5 BA | $6,000,000 | -13.0% | |
| Feb 7, 2024 | 5A | 3 BR · 3.5 BA | $4,375,000 | -26.8% | |
| Apr 24, 2023 | 17A | 3 BR · 3.5 BA | $8,000,000 | -5.8% | |
| Jul 15, 2021 | 10A | 3 BR · 3.5 BA | $6,900,000 | -8.0% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $2,027/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 6.0% 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.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01491-0001). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 980 Fifth Avenue and nearby.
At the recent median sale of $5.25M (4 transfers since 2024), a buyer putting 25% down would pay about $132,675 to close, or 2.5% of the price.
- Mansion tax: $118,125
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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Notable residents
- Pier Luigi Loro Piana — Italian Loro Piana billionaire. Purchased a three-bedroom on May 29, 2014.
- Estate of Monica E. Hollander — socialite. The estate sold the apartment.
The building's status as a top postwar Carnegie Hill address has attracted European industrialists and global finance buyers.
What to know if you’re buying
The all-cash policy is the building's most structurally distinguishing operational fact. No financing is permitted; plan accordingly.
The Brokaw mansion / LPC-origin historical context is real institutional positioning. The building's identity is structurally tied to the creation of the New York Landmarks Preservation Commission in 1965.
The amenity infrastructure is comprehensive for a postwar Fifth Avenue cooperative. Porte-cochère, on-site garage with shareholder discount, Robert A.M. Stern-renovated lobby, rooftop observatory deck.
The pied-à-terre permission is structurally advantageous. Plan flexible use cases accordingly.
The Loro Piana / European-industrialist resident overlay supports premium positioning.
The 2.5% flip tax is moderate. Verify buyer/seller burden allocation at offer stage.
Closing timelines are cooperative-standard but the all-cash requirement structurally shortens the diligence cycle. No mortgage commitment / appraisal process applies.
What to know if you’re selling
Marketing should emphasize the all-cash board policy as a buyer-pool curating feature. The structure ensures qualified-buyer engagement.
The Robert A.M. Stern lobby renovation and the rooftop observatory deck are recent capital improvements that support premium positioning. Reference in materials.
The Loro Piana resident overlay and the broader European-industrialist resident profile are real institutional context. Position accordingly.
The Brokaw mansion / LPC-origin historical context is the building's most-cited architectural-history feature. Use selectively in long-form positioning materials.
Pricing should reference recent comparable closings. Apartment-line-specific comparables should anchor positioning.
Closing timelines are cooperative-standard.
Comparable buildings
If you're considering 980 Fifth Avenue, also evaluate:
- 990 Fifth Avenue — Fifth Avenue peer
- 998 Fifth Avenue — McKim, Mead & White 1910; immediate Fifth Avenue peer
- 1001 Fifth Avenue — Philip Johnson / John Burgee 1979; immediate Fifth Avenue postwar peer
- 1010 Fifth Avenue — Fifth Avenue peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
More Fifth Avenue buildings
- 960 Fifth Avenue — 1928 co-op by Rosario Candela
- 965 Fifth Avenue — 1941 co-op
- 969 Fifth Avenue — 1925 co-op
- 990 Fifth Avenue — 1927 co-op by Rosario Candela
- 993 Fifth Avenue — 1930 co-op by Emery Roth
- 995 Fifth Avenue (The Stanhope) — 1926 condop by Rosario Candela
The neighborhood
For the full corridor — architecture, transit, and pricing across Fifth Avenue — read The Roebling Team Guide to Fifth Avenue.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 980 Fifth Avenue?
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646.939.7375 · c.cohen@compass.com