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Olympic Tower, 641 Fifth Avenue, #27H

$3,995,000 ($2,244 per ft2) | 2 beds, 2.5 baths | Approx. 1,780 ft2
Building Profile  | 
253 days on Market

Key Details

  • Listed: Mar 8, 2024
    Last Price Change: ($205,000) on Jul 2
    Days on Market: 253
    Building Type: Condominium
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 187 times
Monthly Common Charges: $3,274
Monthly Real Estate Taxes: $3,412
Total Taxes & Fees: $6,686 ($3.76/ft2)
Est. Monthly Mortgage: $23,849
Total Est. Monthly Carrying Cost: $30,535 ($17.15/ft2)
Note: the above is based on a down payment of 10% ($399,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This corner unit is located in the highly sought-after Midtown East neighborhood, offering breathtaking Southern city views and a river view. It's in close proximity to Saint Patrick’s Cathedral, top shopping destinations, renowned restaurants, and public transportation for easy commuting.
  • Spacious and Elegant Interior: The apartment boasts a spacious 1,780 sqft layout with 2 bedrooms and 2.5 bathrooms, hardwood floors throughout, floor-to-ceiling windows allowing for ample natural light, and each room equipped with a separate thermostat and automatic privacy window shades.
  • Unparalleled Security and Convenience: The building provides unparalleled security with an attended lobby and soundproof windows for added peace and quiet. The apartment also features an in-unit washer/dryer for added convenience.
  • Excellent Investment Opportunity: This property is an excellent investment opportunity with corporate purchases and pied-a-terre purchasers permitted, and high-quality retail in the vicinity.
  • Comfort and Control: The apartment is equipped with a 4-Pipe HVAC system providing year-round zoned heating and cooling, and dazzling views of the Manhattan skyline and St. Patrick’s Cathedral from the building.
  • High-End Building Amenities: The building offers a full-time doorman, white-gloved attendants, 24-hour concierge, a fully equipped gym, resident storage, central AC, health club, rooftop terrace, lounge, fitness center, outdoor entertainment space, courtyard, bike room, fireplaces, live-in superintendent, and terraces/balconies.

Description

The most desirable of "H" line in the famous Olympic Tower Condominium. This corner unit spans 1,780 SQFT, boasting 2 beds and 2.5 baths, and offers breathtaking Southern city views. Situated high above Fifth Avenue, this exceptional residence provides serenity amidst the vibrant heart of Midtown Manhattan, with panoramic vistas extending all the way to the Freedom Tower.

Each bedroom in this home is bathed in southern sunlight, while the corner living room showcases Western cityscapes as well.

Seamlessly connected to the living room, the dining room and kitchen feature windows facing west. Floor-to-ceiling windows flood the space with natural light and the hardwood floors throughout are creating an ambiance of elegance and sophistication.

Developed by Aristotle Onassis and designed by Skidmore, Owings & Merrill, the Olympic tower is one of the top white glove full-service, 5-star luxury buildings in Manhattan. This 51-story high-rise has unrivaled building amenities, including white-gloved attendants, Abigail Michael’s 24-hour concierge, a fully equipped gym, and unparalleled security.

Located just north of Saint Patrick’s Cathedral, the building’s location is at the nexus of the best shopping and restaurants in the city. UNIT IS VIRTUALLY STAGED.

IMPORTANT FACTS:
- Excellent Investment Opportunity
- Sorry, no pets. 1% transfer fee paid by the buyer.
- Corporate purchases and pied-a-terre purchasers are permitted.
- The 4-Pipe HVAC system provides year round zoned heating and cooling.
- Each room has a separate thermostat and automatic privacy window shades
- 9 feet floor to ceilings sound proof windows

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Apartment Amenities

  • River View
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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