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212 Fifth Avenue

At The Northwest corner of West 26th Street

Key Details

  • Year Built 1913
    Converted Year 2016
    Building Type Condominium
    Neighborhood Flatiron/Union Square
  • Total Apartments 48
    Total Floors 24
    Doorman FT Doorman
$3,639
Avg. Price / ft2
$112
Avg. Price / ft2
$3,388
Avg. Price / ft2

Rating

31
Out of 44

Architecture Rating: 31 / 44

+
32
Out of 36

Location Rating: 32 / 36

+
15
Out of 39

Features Rating: 15 / 39

+
10
=
88

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #46 Rated condo - Downtown
  • #6 Rated condo - Flatiron/Union Square
 

Description

The very handsome, 21-story, former office building at 212 Fifth Avenue facing Madison Square Park on the southeast corner at 26th Street is being converted to 48 residential condominiums by Madison Equities, which is headed by Robert Gladstone, Building Land and Technology and Thor Equities, which is headed by Joseph Sitt. 

Madison and Thor bought the building in 2014 for $260 million from Extell Development, which is headed by Gary Barnett.  Extell had acquired the site and 12 other properties from Ring Management, which is headed by Frank and Michael Ring, in 2014 for $308 million.

The Neo-Gothic building was designed by Schwartz & Gross and erected in 1913.

Helpern Architects is the architect for the conversion.

The building has about 4,250 square feet of retail space.

It is in the Madison Square North Historic District so external changes to the building need to be approved by the city’s Landmarks Preservation Commission.

In March, 2015, the website of AJSNY displayed a rendering of a dramatic and flamboyant rooftop addition with receding bronze accents to the building that featured a very large Art Deco-style clock on the south façade flanked by two bays of bronze balconies, and a large two-tiered restaurant set back on its roof.

The AJSNY plan was not put forward by the building’s new owners, however, and most likely would not have passed muster with the landmarks commission.

In April, 2015, a much subdued plan was submitted by the developers to the commission by their architect for the project, Helpern Architects.

The commission approved restoration work on the building, enlargement of the penthouse, work on windows on the 3rd, 4th and 21st floors, the first and second storefronts, a modification of the south face of the building and the reconstruction of the building’s parapet.

A new residential entrance was approved for the middle of the building’ 26th Street frontage.  Its entrance will be bronze while the retail entrance on Fifth Avenue will be in aluminum.

The commission also approved a reduction in the number of elevators from six to two.

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Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Pre War
  • Basement Storage
  • Central AC
  • Elevator
  • Children's Playroom
  • Valet Parking
  • Lounge
  • Fitness Center
  • On-Site Parking
  • Laundry Room
  • In-Unit Washer/Dryer
  • Bike Room
  • Screening Room
  • Spa / Therapy Room
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Apartments for Sale at 212 Fifth Avenue (8)

8
Available Apts
$4.1M - $62.8M
Price Range
$3,639
Avg. Price / ft2
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Apartments for Rent at 212 Fifth Avenue (1)

1
Available Apts
$28,000
Prices Start At
$112
Avg. Price / ft2
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Carter Horsley's Review

Carter Horsley's Building Review
"The very handsome, 21-story, former office building at 212 Fifth Avenue facing Madison Square Park on the southeast corner at 26th Street is being converted to 48 residential condominiums by Madison Equities, which is headed by Robert Gladstone, Building Land and Technology and Thor Equities, which is headed by Joseph Sitt. 
Madison and Thor bought the building in 2014 for $260 million from Extell Development, which is headed by Gary Barnett.  Extell had acquired the site and 12 other properties from Ring Management, which is headed by Frank and Michael Ring, in 2014 for $308 million." Read Carter's Full Review
Pros
  • Good public transportation
  • Close to Subway
  • Neo-Gothic -style tower
  • Northwest corner at Madison Square Park
  • Some gargoyles
  • Close to Eataly
  • Schwartz & Gross pre-war building
  • Close to Shake Shack
Cons
  • No balconies
  • No garage
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More Neighborhood Info

Subways

  1. N
  2. R
at Broadway 0.14 miles
  1. F
  2. M
at 6th Ave 0.22 miles
  1. 6
at Park Ave 0.23 miles
  1. 1
at 7th Ave 0.36 miles
  1. B
  2. D
  3. Q
at 6th Ave 0.42 miles
  1. 2
  2. 3
at 7th Ave 0.49 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$3,388
Avg. Price / ft2
Based on 7 Sales
 

Closing History - Last 10 sales

View All Closed Transactions
10
Units Sold
$4.5M - $18.1M
Price Range
$3,396
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 189 Available for Sale
  • $2,189 Avg. Price / Ft2
  • $4,592,449 Avg. Price
  • $2,300,000 Median Price
  1. Most Expensive Madison Square Park Tower Apt PHAB | $77,700,000
    Price / ft2 $5,949
  2. Least Expensive The Madison Parq Apt 1C | $475,000
    Price / ft2 $979
Not enough data available to generate chart.
  • 62 Available for Rent
  • $86 Avg. Price / Ft2
  • $10,457 Avg. Price
  • $7,498 Median Price
  1. Most Expensive 10 Madison Square West Apt 7F | $52,000
    Price / ft2 $132
  2. Least Expensive 172 Fifth Avenue Apt 6C | $2,550
    Price / ft2 $77
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 218 Total Sales
  • $1,940 Avg. Price / Ft2
  • $2,867,665 Avg. Price
  • $1,645,000 Median Price
  1. Most Expensive Madison Square Park Tower Apt 61A | $19,855,875
    Price / ft2 $4,258
  2. Least Expensive The Victoria Apt 18X | $386,925

Similar Buildings

 
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