The Pierre (795 Fifth Avenue)
795 Fifth Avenue, New York, NY 10065
BBL 1013750067 · BIN 1040809
- Year built
- 1930
- Type
- Cooperative
- Landmark status
- Not an individual landmark; in the Upper East Side Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted with conditions
- Pets
- Pets permitted; species and limits not stated
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2023–2024
- $2.1M
- 3 qualifying sales
- Recent range
- $1.6M – $9.8M
- Listing discount
- 11.2%
- Recorded transfers
- 103
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Pierre 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.
The Pierre at 795 Fifth Avenue is one of three Schultze & Weaver Manhattan trophy hotel-residences from the late 1920s and early 1930s — the others being the Waldorf-Astoria (1931) and the Sherry-Netherland (1927) — and is the most architecturally distinctive of the three at the building level. Schultze & Weaver designed The Pierre as a 525-foot French Renaissance / Châteauesque tower for the restaurateur-turned-hotelier Charles Pierre Casalasco, capitalized at $15 million from a syndicate of New York's leading financiers including Otto H. Kahn, Finley J. Shepherd, E. F. Hutton, and Walter P. Chrysler. The hotel opened in October 1930 to extensive press coverage and immediate cultural recognition; the green-tiled mansard pyramidal crown that defines the building's silhouette is among the most photographed elements of the Manhattan skyline.
The Great Depression unraveled the original financing structure. The hotel went bankrupt in 1932 — just two years after opening — and changed hands multiple times across the 1930s and 1940s. The building's modern identity took shape under J. Paul Getty's ownership in the 1950s. Getty acquired The Pierre and, recognizing both the hotel's distressed economics and the rising New York demand for trophy residential addresses, converted a portion of the building to cooperative ownership in 1959. The conversion produced 77 cooperative apartments alongside the continuing hotel operation, a model that proved sufficiently successful that it became the template for subsequent Manhattan hotel-cooperative hybrids (The Carlyle at 35 East 76th followed the same pattern after its 1967 sale, converting in the late 1960s).
The resident roster across The Pierre's near-century reads as a cultural register comparable to The Plaza's and The Carlyle's combined. Cary Grant lived in the building. Elizabeth Taylor lived in the building. Aristotle Onassis maintained an apartment. The hotel side has hosted heads of state, every category of celebrity, and a continuing cycle of weddings and state events. The combination of cultural cachet, Grand Army Plaza positioning, and the Schultze & Weaver architectural distinction makes The Pierre singular even among the small set of comparable Manhattan trophy addresses.
The Taj Hotels operating partnership (since 2005) has continued the hotel program with substantial restoration and renovation work, including detailed preservation of the original Schultze & Weaver public interiors (the Rotunda, the Cotillion Room, the Wedgwood Room). Residents have access to the hotel's full service infrastructure on an a la carte basis — Two E Bar, Perrine restaurant, the gym and spa — alongside the dedicated residential entrance on East 61st Street and the cooperative's standard service program (doorman, concierge, valet).
For buyers, The Pierre represents a particular tier of Manhattan trophy hotel-cooperative inventory: Schultze & Weaver architectural pedigree, Grand Army Plaza positioning at the southeast corner of Central Park, the hotel-residence service program, and the stated 77-unit cooperative scale. Review recorded transactions and current service arrangements to assess availability and the ownership experience.
Architecture and unit composition
The 77 cooperative residences span configurations from approximately 1,000 sf 1BRs to substantial 4,000+ sf 4BRs, with some duplex configurations and combined apartments at the upper floors. The 1959 conversion preserved the apartments' Schultze & Weaver architectural character to the extent feasible within a hotel-conversion context; renovations across the building's nearly seven decades of cooperative occupancy have produced varied configurations and finish conditions.
Schultze & Weaver's pre-war architectural signatures throughout: 10–11 foot ceilings in primary rooms (lower than the pre-war Candela / McKim Mead & White norm but generous by hotel-conversion standards), formal entry galleries, library-living-room combinations, and the building's original architectural detailing preserved in cooperative units to varying degrees.
Park views are available from the building's upper-floor north-facing apartments — direct sight lines across Central Park's southern boundary to the Park itself and the Manhattan skyline beyond. Fifth Avenue-facing apartments on the building's western flank look across to Grand Army Plaza and the Pulitzer Fountain; East 61st Street-facing apartments have residential cross-street exposures.
The famous green-tiled mansard pyramidal crown houses some of the building's most distinctive upper-floor apartments, with unusual ceiling configurations and view envelopes reflecting the architectural geometry.
Building operations
The Pierre operates as a cooperative with full-time doorman (residential entrance on East 61st Street), 24-hour concierge, valet service, and integrated access to the Taj Pierre Hotel's broader service infrastructure on an a la carte basis.
Specific cooperative policies (financing posture, flip tax structure, sublet rules, pied-à-terre allowance) should be confirmed directly with cooperative management during due diligence. The Pierre's particular hybrid program produces a board approval framework that considers both standard cooperative criteria and the implications of integration with the hotel operation. The cooperative board has historically been selective and the building's institutional culture has preserved the residential character through multiple cycles of hotel ownership changes.
The hotel side's operating partnership with Taj Hotels (since 2005) provides continuity and substantial capital investment in the building's shared infrastructure (lobby, public spaces, mechanical systems). Cooperative residents benefit from this investment indirectly through preservation of the building's shared architectural character.
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 conditionsRestrictedSource: The Roebling Team's building profile
- Pied-à-terre ownership
- Permitted with conditionsCase by case, board discretionSource: 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.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- 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
- $2,256 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: recent listing records
- Valet
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $315,094/yr
- 2030–2034 annual penalty
- $1,183,302/yr
- Per unit / month range
- $6,564 – $24,652
- Modeled exposure split equally across 4 units (the city's lot-record total, including commercial units). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as Unsafe — conditions requiring prompt corrective action. The owner must install any public protection the inspector specifies (a sidewalk shed, construction fence or structural netting, depending on the condition) and make the repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
The Pierre's recorded transaction activity in 2023–2026 has been bimodal: trophy-tier upper-floor inventory and the building's smaller "hotel-residence" stock trade as separate markets. Two high-floor apartments closed on the same day in August 2025, against an unsettled backdrop in which the building's parent owner is in active litigation with residents over a proposed hotel-sale process. Mid-tier and Park-facing inventory with clean condition and rare features (a private terrace, a three-bedroom layout) has continued to clear.
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 | vs. Ask |
|---|---|---|---|---|
| Mar 7, 2025 | 1815 | 3 BR · 3 BA | $4,300,000 | +0.0% |
| Nov 6, 2024 | 812 | 2 BR · 2 BA | $2,150,000 | -12.2% |
| Aug 27, 2024 | 512 | 2 BR · 2 BA | $1,975,000 | -10.2% |
| Mar 6, 2024 | 3801 | 1 BR · 1 BA | $1,550,000 | -12.7% |
| Dec 1, 2023 | 1401 | 1 BR · 1.5 BA | $3,600,000 | +2.9% |
| Nov 15, 2023 | 1902 | 3 BR · 3 BA | $9,800,000 | -4.4% |
| Feb 9, 2023 | 812 | 2 BR · 2 BA | $2,087,118 | -30.3% |
| Sep 22, 2022 | 4007 | 1 BR · 2 BA | $2,200,000 | -10.2% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $3,778/sf (recorded) across 1 sale. The building has traded as recently as 2025. Median listing discount 8.3% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Oct 21, 2003 | 1225 | $1,595,000 |
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 1-01375-0067). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Pierre and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with The Pierre and its market
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What to know if you’re buying
Understand the hybrid hotel-cooperative program. Buyers acquire a cooperative residence in an actively-functioning luxury hotel. Hotel guest activity in shared circulation is part of the daily-life signature. Buyers who want strict residential privacy may prefer pure-residential Gold Coast pre-wars (820 Fifth, 998 Fifth, 1040 Fifth); buyers who value hotel service integration find The Pierre uniquely positioned.
Board approval follows the building's own program. Confirm the board's current financing, liquidity, ownership, occupancy and subletting requirements, including any terms tied to the hotel-integration program, from the governing documents and application instructions.
Schultze & Weaver architectural pedigree matters. Among Manhattan trophy buildings, The Pierre's architectural identity — the green mansard crown, the Châteauesque vocabulary, the Schultze & Weaver firm's broader portfolio (Waldorf-Astoria, Sherry-Netherland) — places it in a particular cultural register.
Hotel services are available a la carte. Residents can use Taj Pierre services but pay separately. Model anticipated service use into your monthly budget alongside standard maintenance.
Confirm specific policies directly with management. Financing posture, flip tax structure, sublet policy specifics, and pied-à-terre allowance should be obtained directly during the contract review process.
Renovation is constrained by the building's pre-war character and hotel-cooperative integration. The board reviews scope and quality with attention to preservation of the Schultze & Weaver detailing where it remains in apartments.
Views depend on the apartment. Central Park at the building's north; Grand Army Plaza at the west; East 61st Street is a residential cross-street. Views vary by floor, position and exposure, and no view is protected without a recorded instrument.
What to know if you’re selling
Marketing should emphasize the architectural and cultural register. Listing copy should reference the Schultze & Weaver design, the green mansard crown, the building's cultural history, and the Taj Pierre hotel integration — these are differentiators that the typical comparable Manhattan trophy doesn't carry.
Pricing requires apartment-level context. The building's 77-unit scale produces meaningful variation; view, exposure, floor altitude, configuration, mansard-crown placement, and renovation history all matter.
Comparable buildings
If you're considering The Pierre, also evaluate:
- The Plaza (1 CPS / 768 Fifth) — Hardenbergh 1907 château; partial condominium conversion 2008
- The Sherry-Netherland (781 Fifth) — Schultze & Weaver 1927; same architectural firm; comparable mixed-use program
- The Carlyle (35 East 76th) — Sylvan Bien 1930 Art Deco; hotel-cooperative hybrid
- 740 Park Avenue — pure-residential Gold Coast tier-one; cash-only
- 820 Fifth Avenue — pure-residential tier-one; smaller scale
- 998 Fifth Avenue — McKim Mead & White; tier-one Fifth Avenue pre-war
More Fifth Avenue buildings
- 445 Fifth Avenue — 1986 condominium by Emery Roth & Sons
- The Sherry-Netherland (781 Fifth Avenue) — 1927 co-op by Schultze & Weaver
- Parc V (785 Fifth Avenue) — 1963 co-op by Emery Roth & Sons
- 800 Fifth Avenue — condominium by Robert A.M. Stern Architects
- 810 Fifth Avenue — 1926 co-op by J.E.R. Carpenter
- 812 Fifth Avenue — 1963 co-op
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 The Pierre?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com