Off The Market: $50M Sale At 854 Fifth Avenue

2026 Update: What’s Next for 854 Fifth Avenue

Since the 2022 sale, the 1903 Warren and Wetmore mansion is headed for a new life as a private members-only club. City records tie the buyer to an entity connected to Qatari businessman Abdulhadi Al-Hajri, and filings for an estimated $19 million renovation, including partial demolition and a rooftop addition, list Peter Pennoyer Architect as architect of record, according to East Side Feed. The plan received approvals from the Department of City Planning and the Landmarks Preservation Commission in 2025, though membership details have not been made public. For more Upper East Side landmarks, see our look at New York City’s top historical residential buildings.

Frequently Asked Questions

How much did 854 Fifth Avenue sell for?

The mansion sold for $50 million in an all-cash, off-market deal that closed on September 27, 2022.

Who sold 854 Fifth Avenue?

The sellers were the successor states of the former Socialist Federal Republic of Yugoslavia: Bosnia and Herzegovina, Croatia, North Macedonia, Serbia and Slovenia.

Who designed 854 Fifth Avenue?

The mansion was designed by Warren and Wetmore, the firm behind Grand Central Terminal and the New York Yacht Club, and was completed in 1903.

What will 854 Fifth Avenue become?

Plans filed with the city call for converting the mansion into a private members-only club, with an estimated $19 million renovation designed by Peter Pennoyer Architect.

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Off The Market: Iconic Greenwich Hemlock Castle Sells for $10.4M

In major sales news, Stephanie Li of Douglas Elliman officially sold 17 Hemlock Drive in Greenwich, CT after a mere 4 months on the market with our brokerage.

This property was previously listed with various brokerages, on and off the market for a few years, so it is major that Stephanie was able to find an all-cash buyer for the property in so little time. Unfortunately, we cannot disclose who the buyer is due to an NDA, but Stephanie did have both sides of the deal

Not only is an iconic Greenwich property, but the news of an all-cash, $10+ million sale in a so-called “cooling” market (especially in the suburbs) is really promising.

See more images below courtesy of Douglas Elliman Realty

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Off The Market: Six-Bedroom, 7,100-Square-Foot Townhome Closes for $12.95M in the UES

Just sold and off the market t.his 7,100-square-foot neo-classical single-family townhome traded hands back in June for $12,995,000. There is ample space in this six-bedroom, seven-bathroom home, plus the charm has been maintained even after extensive renovations. Robert Dankner, president of Prime Manhattan Residential was the listing Broker.

This grand house has eight wood burning fireplaces, soaring ceiling heights, natural light from both the North and South and features walnut flooring, a gorgeous range of custom materials and finishes, and skillfully restored original details.

As you enter the garden level, you are greeted by a formal entryway as well as a large less formal reception room/mud room. The eat-in kitchen delights and offers ample space and functionality. In addition to the vast counter space and center Island with Brazilian White Macaubas countertops, there are two sinks and appliances by Sub Zero & Wolf.

The parlor floor features 12’ ceilings, beautiful light and two salons with vast open and airy space. The south salon has beautifully restored original oak walls and floors as well as a wood burning fireplace. The north salon also has a wood burning fireplace and features a sitting room directly off the main living space.

The entire second floor is the sumptuous master suite with a south facing chamber with beautiful natural light. The closet space has three massive walk-ins and two accessory closets. The master bath is an oasis featuring tatelak walls, custom stone radiant heated floors, double wide windowed shower, a vintage soaking tub and separate water closet.

The third floor has two large bedrooms, both of which have en-suite baths and fireplaces, plus the north facing bedroom also has a beautiful patio. The fourth floor also has two large bedrooms with en-suite baths, while the south facing bedroom has a wood burning fireplace. The ceiling heights on this floor are 11’ and there are several skylights, one of which streams natural light to the stairwell below.

From the fourth floor there is a staircase that leads up to the roof top that features sweeping city and Central Park views.

Lastly, the cellar level has a large family room/playroom with radiant heated poured concrete floors, stone wall accents, a secondary kitchen, laundry room and more storage — ideal to any New Yorker.

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