Key Details

Listed: Jul 16, 2024

Last Price Change: ($110,000) on Oct 16

Days on Market: 159

Building Type: Condominium

Neighborhood: Midtown East (Manhattan)

Doorman: FT Doorman

Listing viewed 281 times

Monthly Common Charges: $2,369

Monthly Real Estate Taxes: $2,422

Total Taxes & Fees: $4,791 ($3.72/ft²)

Est. Monthly Mortgage: $10,696

Total Est. Monthly Carrying Cost: $15,487 ($12.02/ft²)

Note: the above is based on a down payment of 10% ($179,000), which is the minimum amount permitted by the building.

Description

Harkening back to the fashionable era of Halston and pre-millennium Gucci, this stylish high-floor and extra-large one bedroom (flex two) sits within one of the best lines of the iconic Olympic Tower. Expansive city views over Midtown, Billionaire’s Row, and Central Park South are captured through the apartments’ floor-to-ceiling windows.

Upon entering the residence, you are greeted by a large foyer, from which you can access the perfectly appointed kitchen, in-unit laundry, or the main living/dining spaces and/or separate bedroom wing. Two full bathrooms, adorned with marble floors and counters provide flexibility for your guests and privacy for you.

Multiple closets, as well as two custom-designed built-in systems made of Italian mahogany offer substantial storage throughout the space.

Originally developed by Aristotle Onassis in 1976 and built by Skidmore, Owens & Merrill, The Olympic Tower Condominium has long been one of the premier white glove buildings in Manhattan. With 24-hour doormen, porters, and concierge services, as well as a residents’ gym and bike storage, service, security, and privacy are top priorities here. Ideally located on Fifth Avenue and 51st Street, owners have access to some of the greatest shopping, cultural sites, and restaurants/caf s the city has to offer.

There is a 1% flip tax here.

About Olympic Tower, 641 Fifth Avenue

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

Out of 44

Out of 36

Out of 39

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

Condo
Built in 1975
229 Apartments
52 Floors

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

About this Building

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

Map View | Street View

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