Fifth Ave Co-op Tops Manhattan’s Luxury Market

22 December 2025

An Upper East Side co-op, trading hands for the first time in decades, led Manhattan’s luxury market this week.

The duplex apartment at 980 Fifth Avenue, asking $16.2 million, was the priciest of 21 homes in the borough asking $4 million or more to find buyers between Dec. 15 and Dec. 21, according to Olshan Realty’s report.

The total was down from the 33 deals inked in the previous period, though it was still a strong showing for mid-December, when activity typically slows as the holidays approach.

Unit 24/25A hit the market in September. It’s unclear when the apartment last traded, though a Streeteasy listing description for the property noted it’s been several decades.

The co-op spans more than 4,400 square feet and has four bedrooms, six bathrooms and a staff room. It also features views of Central Park and the Metropolitan Museum of Art.

Amenities in the 45-residence building include a rooftop deck, full-time doormen, a porte-cochere and garage.

Brown Harris Stevens’ Kathy Sloane and Sami Hassoumi had the listing.

The second most expensive property to find a buyer was a townhouse attached to 40 East End Avenue, a 29-unit project developed by Lightstone. The townhouse, also called a maisonette, last asked $9.7 million, down from its $10 million price tag when it hit the market in 2020.

The triplex home spans 4,900 square feet and has four bedrooms, three bathrooms and an elevator. It also features a private street entrance and a garden.

Amenities in the building, built in 2019, include a fitness center, library and catering kitchen. The 17-story condominium was designed by TenBerke Architects’ Deborah Berke, who is the dean of the Yale School of Architecture.

A team with the Corcoran Group heads sales at the project, which launched in 2018. The sponsor is still searching for a buyer for a penthouse at the building, now asking just under $10 million after hitting the market for $10.6 million seven years ago.

Of the 21 properties, 12 were condos, six were co-ops, two were condos and one was a townhouse.

The homes asked a combined $137 million, which works out to an average price of $6.5 million and a median of $5.5 million. The typical home was on the market for nearly two years and had a discount of 7 percent.