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241 FIFTH, 241 Fifth Avenue

Between East 27th Street & East 28th Street

Key Details

  • Year Built 2013
    Converted Year 2013
    Building Type Condominium
    Neighborhood Flatiron/Union Square
  • Total Apartments 46
    Total Floors 20
    Doorman FT Doorman
$2,120
Avg. Price / ft2
$187
Avg. Price / ft2
$1,944
Avg. Price / ft2

Rating

23
Out of 44

Architecture Rating: 23 / 44

+
24
Out of 36

Location Rating: 24 / 36

+
18
Out of 39

Features Rating: 18 / 39

+
8
=
73

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
  • #20 Rated condo - Flatiron/Union Square
 

Description

The 20-story building at 241 Fifth Avenue between 27th and 28th Streets in the Madison Square North neighborhood began as a 76-unit residential condominium project and then was changed to a 100-unit hotel and finally back to a 46-unit residential condominium development.

Dan Shavolian and Jack Hazan acquired the property for $26.5 million in 2007 from Avraham Sibony and they planned a hotel for the site.  Mr. Sibony had bought the property, a four-story building that had been erected in 1968, in 2005 for $10.8 million.

Mr. Shavolian and Mr. Hazan retained the original plans for Mr. Sibony that had been made by Eran Chan of Perkins Eastman Architects and approved by the Landmarks Preservation Commission as the property is within the Madison Avenue North Historic District.

It was completed in 2013 by Victor Homes, a unit of Eclogue Management of Israel, which paid $20 million for the property in 2011.

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Building Amenities

  • Concierge
  • FT Doorman
  • Hi Rise
  • Post War
  • Basement Storage
  • Central AC
  • Roof Deck
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Fitness Center
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies
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Apartments for Sale at 241 Fifth Avenue (6)

6
Available Apts
$1.3M - $6.5M
Price Range
$2,120
Avg. Price / ft2
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Apartments for Rent at 241 Fifth Avenue (1)

1
Available Apts
$50,000
Prices Start At
$187
Avg. Price / ft2
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Carter Horsley's Review

Carter Horsley's Building Review
"The 20-story building at 241 Fifth Avenue between 27th and 28th Streets in the Madison Square North neighborhood began as a 76-unit residential condominium project and then was changed to a 100-unit hotel and finally back to a 46-unit residential condominium development.
Dan Shavolian and Jack Hazan acquired the property for $26.5 million in 2007 from Avraham Sibony and they planned a hotel for the site.  Mr. Sibony had bought the property, a four-story building that had been erected in 1968, in 2005 for $10.8 million." Read Carter's Full Review
Pros
  • Handsome lobby
  • Concierge
  • Large fitness center
  • Not far from subways
  • Close to Madison Square Park
  • Revolving door entrance with marquee
  • Full-time doorman
  • Roof deck
Cons
  • No balconies
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More Neighborhood Info

Subways

  1. N
  2. R
at Broadway 0.12 miles
  1. 6
at Park Ave 0.18 miles
  1. F
  2. M
at 6th Ave 0.31 miles
  1. B
  2. D
  3. Q
at 6th Ave 0.37 miles
  1. 1
at 7th Ave 0.38 miles
  1. 2
  2. 3
at 7th Ave 0.47 miles
 
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$1,944
Avg. Price / ft2
Based on 3 Sales
 

Closing History - Last 10 sales

View All Closed Transactions
10
Units Sold
$1.3M - $3.5M
Price Range
$2,106
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.
  • 245 Available for Sale
  • $2,278 Avg. Price / Ft2
  • $4,216,822 Avg. Price
  • $2,495,000 Median Price
  1. Most Expensive Madison Square Park Tower Apt PHAB | $77,700,000
    Price / ft2 $5,949
  2. Least Expensive 126 East 30th Street Apt 1A | $355,000
Not enough data available to generate chart.
  • 81 Available for Rent
  • $92 Avg. Price / Ft2
  • $11,198 Avg. Price
  • $6,500 Median Price
  1. Most Expensive 15 Union Square West Apt Penthouse | $59,500
    Price / ft2 $226
  2. Least Expensive 142 Fifth Avenue Apt 5FL | $0
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.
  • 226 Total Sales
  • $1,944 Avg. Price / Ft2
  • $2,841,398 Avg. Price
  • $2,135,181 Median Price
  1. Most Expensive Madison Square Park Tower Apt 61A | $19,855,875
    Price / ft2 $4,258
  2. Least Expensive 30 East 22nd Street Apt 5B | $390,000

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