5th On The Park at 1485 Fifth Ave. 26-27-28C

Looking for that spectacular trophy penthouse at prices that dont make you gasp?

If youre that adventuresome very high end condo buyer who would consider being part of Manhattans hottest emerging neighborhood, South Harlem, one of the Citys truly most exciting living and entertaining spaces is now available at a very affordable price. Custom built for, but never occupied by, a family of party-givers and art collectors, this 4-5 BR terraced triplex has a unique, high-ceilinged, column-less, 1400 Sq. Ft. main room, overlooking Central Park, with a wood-burning fireplace and views that are beyond belief.

At approximately 5600 Sq, Ft., this PH is replete with well-thought-out features. For entertaining, there are three powder rooms and a restaurant level open Kitchen. The gracious master suite has a giant Jacuzzi, a steam shower, and a studio apartment-sized walk-in closet. Among the other 3-4 BRs, theres a second suite. For outdoor space lovers, there is a 36×8 terrace just south of the living space and a 1000 Sq.Ft. + south-facing terrace just above. For the most adventuresome of home theatre, stereo, or exotic lighting enthusiasts, theres 100 Amps of extra power just waiting to be used.

As for the building itself, 5th on the Park not only designed by renowned architects FX Fowle and built to the highest of standards, but it is replete with outstanding amenities. From a 40 high atrium lobby, filled with museum quality art, to a state of the art work out facility, to a 55 lap lap pool, to 24 hour valet parking, it is absolutely a world class condominium facility.

The location itself is also exception. On the corner of one of Harlems best blocks, it is walking distance to just about all of the newly opened upscale dining scene. It is also close to both east and west side public transportation options and plenty of cabs. Virtually every private school in Manhattan and Riverdale now has regular Harlem bus pickups.

Lastly, as great a home as this is, how does it rate as an investment? Short term, one can confidently say this amazing space would now cost double or triple the price below 96th Street. Long term one just has to look at the history of every other emerging neighborhood in Manhattan since the 1960s. Whether it be the Upper West Side, Chelsea, or even the Lower East Side, those who bought early at whatever level inevitably found it to be the best investment they ever made.