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Olympic Tower, 641 Fifth Avenue, #27A

$3,300,000 ($1,737 per ft2) -14.3% | 2 beds, 2.5 baths | Approx. 1,900 ft2
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370 days on Market

Key Details

  • Listed: Apr 25, 2023
    Last Price Change: -9.6% ($350,000) on Feb 15
    Days on Market: 370
    Building Type: Condominium
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 301 times
Monthly Common Charges: $3,126
Monthly Real Estate Taxes: $3,272
Total Taxes & Fees: $6,398 ($3.37/ft2)
Est. Monthly Mortgage: $20,503
Total Est. Monthly Carrying Cost: $26,901 ($14.16/ft2)
Note: the above is based on a down payment of 10% ($330,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Interior Features: The spacious living area is perfect for entertaining, with a dining area offering breathtaking views. The apartment also boasts a state-of-the-art kitchen with a breakfast nook, an expansive wood paneled library/office, and an en suite master bedroom with a private dressing area and large marble bathroom. The apartment can be delivered fully furnished or unfurnished.
  • Advanced Amenities: The apartment is equipped with a temperature controlled central HVAC and in-unit washer/dryer, a 4-Pipe HVAC system providing year-round zoned heating and cooling with separate thermostats in each room, Lutron lighting, climate control, and electronic shades, and soundproof windows for added peace and quiet.
  • Building Features: The apartment is located in the Olympic Tower, a 52-story building with 229 apartments, developed by a consortium headed by Aristotle Onassis. The building features include an attended lobby, concierge, resident storage, central AC, a garden, health club, rooftop terrace, washer/dryer in building, elevator, mail room, lounge, fitness center, outdoor entertainment space, courtyard, bike room, fireplaces, live-in superintendent, and terraces/balconies.
  • Security and Services: The building offers high white glove services and a sophisticated concierge, 24-hour doorman service, porters, and a resident manager for added security and convenience.
  • Additional Amenities: The building also offers a private fitness center, bicycle storage, and a resident manager.
  • Location: Situated in the desirable Midtown East neighborhood, this luxurious 2 bed, 2.5 bath apartment offers stunning views of Central Park and the New York City skyline from seventeen 9 feet floor-to-ceiling windows. It's in close proximity to famous New York destinations, luxury shopping, theaters, museums, and excellent public transportation options, including the subway.

Description

300K PRICE ADJUSTMENT!

This magnificent apartment home in one of New York’s world-famous building perfectly embodies a luxurious lifestyle providing access to hundreds of famous New York destinations, such as Rockefeller Center, Bergdorf Goodman, and endless other luxury shopping, theaters and museum opportunities. With seventeen nine feet floor to ceiling window this flat offer both views of Central Park and the New York City skyline. Bathed in sunlight with North, and West exposures, it affords extraordinary light and offers temperature controlled central HVAC and washer/dryer.

The living area of the home provides a wonderful venue for memorable gatherings and as well offers a haven of relaxation and comfort with a gracious dining area invites conducive for entertaining space enhanced with breathtaking views both North and West. How special is it to be able to look down from the windows in the living room to see a parade along Fifth Avenue, or across the way toward Sixth Avenue from your window eat in kitchen in a beautifully appointed breakfast nook kitchen with state-of-the-art appliances? The flat also offers an expansive a lavish wood paneled library/office and en suite master bedroom with its own private dressing area and a large marble.

As Murray Moss said "For me, this is luxury. It feels as if there are two sunrises and two sunsets." That’s because surrounding towers have glass on the outside that reflect the sunrise in the east and the sunset in the west. "It makes me feel as if the sunrise or sunset was coming from both directions. It’s like light being refracted in a chandelier," These are just a few of the luxuries this unit offers

This residence comes with a 4-Pipe HVAC system that provides year-round zoned heating and cooling with separate thermostat in each rooms.

A Lutron lighting, climate control, electronic shades. The building offers sound proof windows, a 24-hour doorman service, porters, and a resident manager. The apartment is delivered turnkey and fully furnished or unfurnished.

Perfectly positioned at the center of Midtown Manhattan’s most glamorous district, Olympic Tower was developed by a consortium headed by Aristotle Onassis. The building boasts the highest white glove services, with a 24-hour multi-lingual staff and a sophisticated concierge. The Building staff provides unparalleled discretion, security, and comfort to residents of this exclusive condominium.

Residents of the Olympic Tower enjoy a vast host of amenities, including a private fitness center, bicycle storage, and a resident manager. Pied-a-terre and corporate purchases are permitted.

This property is for sale for investors Only . Occupant in place. There is a 1% transfer fee payable by the buyer. Please note that 641 Fifth Avenue does not allow dogs.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About Olympic Tower, 641 Fifth Avenue

90

Olympic Tower, 641 Fifth Avenue has received a CityRealty Rating of 90, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

34
Out of 44
+
30
Out of 36
+
16
Out of 39
+
10
=
90
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
Very Attractive 3 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
Yes 1 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
More than 5 Short Blocks 0 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes, with Swimming Pool 2 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Central AC
  • Garden
  • Health Club
  • Rooftop Terrace
  • 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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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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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

Aerial Imagery

 

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