$24M Listing at 998 Fifth Once Home to Guggenheims and Vanderbilts Hits Market

Posted by Libby Readel — November 19, 2010

1290187019The building that Guggenheims and Vanderbilts have called home is ready to welcome a new resident. A roughly 5,000-square-foot co-op at 998 Fifth Avenue, designed by McKim, Mead & White, the architecture team behind the much-lauded original Pennsylvania Station, has hit the market for $24 million, even as a pricier unit there owned by private equity investor Steven Rattner languishes without a buyer, according to public records.

The new listing, marketed by Cornelia Zagat Eland and Emily Hanna of Stribling & Associates, includes a 1,000-bottle temperature-controlled wine cellar and an in-bedroom wood-burning fireplace, and affords views of the Metropolitan Museum of Art. Although the listing hit the market last night, Eland said she's already had "several" inquiries from potential buyers. And while the market may not be back to peak levels, Eland said she's not concerned about the property's market potential. Even so, Rattner's home at the 12-story 998 Fifth Avenue, between 81st and 82nd streets, may not be faring as well.

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