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A blog from CityRealty (Links below will take you to the 6sqft site)

Olympic Tower, 641 Fifth Avenue

Between 51st Street & 52nd Street

Key Details

  • Year Built 1975
    Building Type Condominium
    Neighborhood Midtown East
  • Total Apartments 229
    Total Floors 52
    Doorman FT Doorman
$1,900
Avg. Price / ft2
$81
Avg. Price / ft2
$1,652
Avg. Price / ft2

Rating

34
Out of 44

Architecture Rating: 34 / 44

+
30
Out of 36

Location Rating: 30 / 36

+
16
Out of 39

Features Rating: 16 / 39

+
10
=
90

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
  • #17 Rated condo - Midtown
  • #7 Rated condo - Midtown East
 

Description

The 52-story Olympic Tower at 641 Fifth Avenue in Midtown is situated between 51st and 52nd Streets and was developed by Aristotle Onasis. Its 226 apartments are located in the top 29 floors and have large windows that offer expansive views of the Manhattan skyline and St. Patrick’s Cathedral. Residences also feature varied layouts, 9-foot-high ceilings, enclosed kitchens and elegant bathrooms.

Olympic Tower amenities include elevator attendants, 24-hour concierge service, a gym, a barber, a hair salon, a bicycle room, a fitness center, and – in the event of a power outage – emergency electric power. It also is close to the shops and restaurants along Fifth Avenue and such cultural attractions as the Museum of Modern Art

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Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Hi Rise
  • Post War
  • Basement Storage
  • Central AC
  • Garden
  • Health Club
  • Roof Deck
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Lounge
  • Fitness Center
  • Outdoor Entertainment Space
  • Courtyard
  • In-Unit Washer/Dryer
  • Bike Room
  • Fireplaces
  • Live-In Superintendent
  • Terraces / Balconies
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Apartments for Sale at 641 Fifth Avenue (9)

9
Available Apts
$1.8M - $17M
Price Range
$1,900
Avg. Price / ft2
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Apartments for Rent at 641 Fifth Avenue (4)

4
Available Apts
$4,250
Prices Start At
$81
Avg. Price / ft2
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Carter Horsley's Review

Carter Horsley's Building Review
"Olympic Tower was the city’s first major mixed-use tower in midtown when it was built in 1976 at 641 Fifth Avenue on the northeast corner at 51st Street.

The 52-story building was the first building erected under the city's Special Fifth Avenue Zoning District regulations that were enacted in 1971." Read Carter's Full Review
Pros
  • Impeccable location
  • Good public transportation
  • Across avenue from Rockefeller Center
  • High-quality retail
  • Large arcade
  • Concierge
  • Floor-to-ceiling windows
  • Pioneering mixed-use building
  • Dazzling views
  • Close to Subway
Cons
  • Many apartments
  • No sidewalk landscaping
  • No balconies
  • No roof deck
  • Considerable traffic
  • Many tourists
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More Neighborhood Info

Subways

  1. M
  2. E
at 5th Ave and 53rd 0.08 miles
  1. 6
at Lexington Ave 0.25 miles
  1. B
  2. D
  3. F
at 6th Ave and 51st 0.28 miles
  1. N
  2. Q
  3. R
at 5th Ave and 60th 0.42 miles
  1. 1
at Broadway 0.45 miles
  1. 4
  2. 5
  3. 7
at Madison Ave and 42nd 0.47 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$1,652
Avg. Price / ft2
Based on 7 Sales
 

Closing History - Last 10 sales

View All Closed Transactions
10
Units Sold
$1.6M - $15.2M
Price Range
$1,905
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.
  • 413 Available for Sale
  • $1,721 Avg. Price / Ft2
  • $2,858,654 Avg. Price
  • $1,299,000 Median Price
  1. Most Expensive One Beacon Court Apt PH5152W | $34,000,000
    Price / ft2 $3,778
  2. Least Expensive The St. Regis Apt 808 | $135,000
    Price / ft2 $303
Not enough data available to generate chart.
  • 120 Available for Rent
  • $87 Avg. Price / Ft2
  • $11,210 Avg. Price
  • $6,500 Median Price
  1. Most Expensive 432 Park Avenue Apt 70A | $70,000
    Price / ft2 $209
  2. Least Expensive 321 East 54th Street Apt 10J | $1,900
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.
  • 262 Total Sales
  • $1,601 Avg. Price / Ft2
  • $2,744,767 Avg. Price
  • $1,187,500 Median Price
  1. Most Expensive 432 Park Avenue Apt 64A | $75,000,000
    Price / ft2 $9,331
  2. Least Expensive 231 East 54th Street Apt 3A | $320,000
    Price / ft2 $831

Famous Residents

 

Alternate Addresses

  • 641 5
  • 641-645 5 Avenue
  • 645 5 Avenue
  • 645-53 5 Avenue

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For More Information
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