998 Fifth Avenue

998 Fifth Avenue
General information
Type	Residential
Architectural style	Italian Renaissance
Location	Upper East Side, Manhattan, New York City, U.S.
Coordinates	40°46′42″N 73°57′44″W / 40.7783°N 73.9622°W / 40.7783; -73.9622
Construction started	1910
Completed	1912
Height
Architectural	167 feet (51 m)
Tip	170 feet (52 m)
Technical details
Floor count	12
Design and construction
Architecture firm	McKim, Mead & White
New York City Landmark
Designated	19 February 1974
Reference no.	LP-0429
References
[1]

998 Fifth Avenue is a luxury cooperative in Manhattan, New York and it is located on Fifth Avenue at the Northeast corner of East 81st Street on the Upper East Side.

Design

The 150-foot-tall (46 m), 12-story building was designed by the McKim, Mead & White architectural firm and built by James T. Lee (Jacqueline Kennedy Onassis’ grandfather) in 1910–1912. It has a frontage of 102 feet 2 inches on Fifth Avenue and 115 feet (35 m) on the side street. The Italian Renaissance Palazzo-style structure is sheathed entirely in limestone except for a large matching terra cotta cornice and an inner court, 32.5 feet (9.9 m) square, faced with off white brick. Unlike nearby buildings, there are no penthouses.

Striking balustrade stringcourses define the division of the base from the body, and the body from the top. Each window above the stringcourse is capped with a pediment or cornice. Impressive panels of escutcheons and light-yellow marble adorn the structure horizontally at four-floor intervals. A heavily quoined corner and richly decorated overhanging eaves add to the exterior splendor of this structure.

The grandeur of entry is enhanced with a large iron marquee that extends over the 81st Street entrance and is crested with palmette forms. Massive iron gates protect the front doors.

The lobby walls and ceiling, and hallway walls are of tan Bottocino marble. The elevators have elaborate bronze grilles. Originally, the apartment interiors were decorated with neoclassical and Tudor-Jacobean Revival motifs.^[2]

Apartments

Although the original design called for 18 apartments, on its opening the building contained 15 units, as some of the upper floors were combined into larger units. Floors 5 and 9 have ceiling heights of 11.5 feet, while the remaining have 10.5 feet. The ground floor has roughly 13 foot ceilings. The simplex maisonette on street level is 5250 SF, the duplex maisonette on the side street being exactly the same size. Floors 2-8 contain 7 simplexes, each 6250 SF with 15 rooms; these apartments contain 4 bedrooms, including a large corner master. On the side street floors 3-8 contain 3 duplex units, each 5000 SF. The upper 4 floors originally contained 3 apartments. The 9th and 10th floors each contain a single apartment roughly 8750 SF, with 2 more simplexes and a duplex on the last 2 floors. There are 2 main elevators for the tenants and 1 service elevator for the staff; also a service stair.

History

The building is well known as the first super-luxury apartment house on Fifth Avenue. The architect had been given carte blanche to create whatever was necessary to lure the very wealthy into the building. At the time of its construction, the upper class lived in mansions and townhouses on the Upper East Side. Grand apartments had been built before, but those were occupied by businessmen and the nouveau riche,not the upper crust of American society. During its construction, it was viewed as a remote and unpopular tower that invaded the city's best residential sections. When 998 Fifth Avenue was built the Metropolitan Museum of Art was much smaller and attracted far fewer people. Among the amenities the building had were wall safes, storage rooms in the basement and a large number of wood-burning fireplaces, as well as two-foot thick fireproof walls. Unlike the high-class apartment houses on the West Side, this building did not have a name. People simply mentioned 998 and one immediately knew they were talking about the most expensive and exclusive building in New York. The house was originally, like the vast majority of pre-war buildings a rental. The rents were astronomical compared to all the other buildings in the city. The largest units were leased for roughly $25000, while the smaller lower floor units for $10–12000. Among its first tenants were Elihu Root, Watson Bradley Dickerman, president of the New York Stock Exchange in the 1890s; George B. Fearing, a railroad investor and the president after 1916 of the Knickerbocker Club, a men's club at 62nd and Fifth; Levi P. Morton, vice president of the United States under Benjamin Harrison from 1889 to 1893 and later governor of New York in 1895 and 1896; Murry Guggenheim, a financier and mining operator who took the largest apartment; Victor Morawetz, Ludwig Dreyfus, Edson Bradley, E. Felsenheld, Thomas A. James, Lewis L. Clark and many other luminaries of the Gilded Age. Ultimately the building's broker, Douglas Elliman found over 100 prospects and 998 rented right away. In 1912, the magazine Architecture called it the most remarkable thing of its kind in America.^[3] Of course the fact that so many wealthy people rented apartments signaled the shift from the private houses to luxury buildings. That is why 998 is widely credited with convincing the upper class that apartments were suitable for living. The "servant problem" and the increasing time spent by the rich outside the city, the automobile and increasing taxes also favored this shift. In less than 20 years since the building's opening,over 90% of the wealthy people in New York lived in apartments. At the time of its opening in 1912, only 5% occupied apartments.^[4] The building was very famous because of its astronomical construction cost. The building cost roughly $3 million (including the land). To give an idea of what $3 million meant in 1912, the legendary liner RMS Titanic, which was built at about the same time as 998 cost $7.5 million.

Co-op and residents

998 Fifth Avenue was converted to a cooperative in 1953 and is one of the most selective pre-war cooperatives in New York City.^[5] It is thought to be one of the four best apartment houses on the avenue (alongside 820, 834, and 960 Fifth Avenue) and 10 best in the city. The apartments are rarely advertised and sell, depending on square footage or view, for $20 to $40 million.

The building is one of the most storied on the "Gold Coast," and has been home to many well-known residents. The Astor, Guggenheim, Morton, Vanderbilt, Root, and other prominent families have lived at 998 Fifth Avenue.

References

Coordinates: 40°46′42″N 73°57′44″W / 40.7783°N 73.9622°W / 40.7783; -73.9622