A luxury triplex penthouse at 212 Fifth Avenue in New York City has hit the market for $58.5 million. The 10,000-square-foot residence features five bedrooms, six and a half bathrooms, and a 5,700-square-foot private wraparound terrace overlooking Madison Square Park.
Inside the $58.5 Million Madison Square Park Penthouse
The sprawling residence at 212 Fifth Avenue spans the top three floors of the historic Madison Square Park building. Listed for $58.5 million, the home combines classic architectural heritage with modern ultra-luxury finishes across approximately 10,000 square feet of interior space.
The property includes five bedrooms and six and a half bathrooms. Designed with grand scale in mind, the triplex features expansive living areas outfitted with high-end fixtures and wide-plank wood flooring, capitalizing on natural light through oversized windows that frame sweeping views of the Manhattan skyline.
Outdoor Space and Architectural Scale
What sets this specific offering apart in the Manhattan luxury market is the sheer scale of its exterior footprint. The penthouse boasts a 5,700-square-foot private wraparound terrace, providing an exceptional amount of open-air space directly overlooking Madison Square Park.
The terrace provides panoramic sightlines across the downtown financial district and midtown landmarks, offering a rare private sanctuary above the street grid. The building itself occupies a prominent position in the neighborhood, merging the classic exterior detailing of its historic past with a completely overhauled contemporary interior infrastructure.
The Manhattan Ultra-Luxury Market Context
A listing price of $58.5 million places the property firmly within the upper echelon of New York City’s competitive high-end real estate sector. Penthouse properties offering private outdoor space of this magnitude in prime downtown locations continue to draw significant attention from global buyers seeking both exclusivity and scale.
Prospective buyers looking at 212 Fifth Avenue will evaluate the property against a backdrop of fluctuating inventory in prime Manhattan zip codes, where trophy assets with substantial square footage and dedicated outdoor living areas remain in a distinct asset class.
Viewing Schedules and Market Interest
Private showings for the triplex penthouse are currently being coordinated through luxury real estate brokers representing the listing. Market watchers and prospective buyers will monitor whether the $58.5 million asking price attracts a buyer in the current luxury cycle.
