Now the 990 Fifth Avenue Triplex Wants $52 Million
May 21, 2019 - Manhattan
A penthouse apartment at a 1920s-era Fifth Avenue cooperative designed by Rosario Candela is coming on the market for $52 million.
The 14-room triplex has hand-carved moldings, a decorative plaster ceiling, five fireplaces and large windows facing west and south to Central Park.
There’s a private entry gallery with a black Belgian granite floor and intricately carved double doors, a dining room that seats 14 people, a library overlooking the park and a terrace that surrounds the master suite.
The property, at 990 Fifth Avenue, is owned by the Nasser family, who made its money in textile manufacturing, according to investor Rafael Nasser, whose parents bought the apartment when he was in high school in the early 1980s.
The penthouse was recently renovated with an eye towards blending contemporary style with classic Candela architecture, said listing agent Harry Nasser, who is listing the five-bedroom property with his colleague and cousin Lois.
The apartment was listed several times prior to the renovation, most recently in 2014 for $50 million. Mr. Nasser said the former aesthetic worked against the family, since buyers today are looking for a more contemporary look.
Source : WSJ - Katherine Clarke
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