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Olympic Tower, 641 Fifth Avenue, #42H

$4,000,000 ($2,247 per ft2) | 2 beds, 2.5 baths | Approx. 1,780 ft2
Building Profile  | 
396 days on Market

Key Details

  • Listed: Sep 11, 2023
    Last Price Change: ($1,000,000) on Oct 2
    Days on Market: 396
    Building Type: Condominium
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
    Listing viewed 290 times
Monthly Common Charges: $3,275
Monthly Real Estate Taxes: $3,211
Total Taxes & Fees: $6,486 ($3.64/ft2)
Est. Monthly Mortgage: $23,016
Total Est. Monthly Carrying Cost: $29,502 ($16.57/ft2)
Note: the above is based on a down payment of 10% ($400,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Security and Convenience: With 24-hour concierge service, a full-time doorman, an on-site general manager, and a team of building engineers, residents can enjoy added security and convenience. The building also has its own generator and a 4-pipe HVAC system.
  • Historic Significance: The apartment is located in a historic building that was the city’s first major mixed-use tower in midtown, adding a touch of history and significance to the residence.
  • Prime Location: This spacious 2-bedroom, 2.5-bathroom apartment is located in the heart of Midtown East, close to Rockefeller Center, Central Park, and the theater district. It's also within walking distance of 5-star restaurants, flagship designer shops, and cultural attractions like the Museum of Modern Art.
  • Stunning Views: Situated on the 42nd floor of a historic building, the apartment offers stunning views of Saint Patrick’s Cathedral, the Empire State Building, the Hudson River, and the Manhattan skyline.
  • Luxurious Interiors: The apartment boasts approximately 1,780 square feet of space, high-end kitchen appliances from Gaganeau, Miele, and Subzero, large bedrooms with marble baths en suite, and plenty of storage space with fitted closets.
  • Building Amenities: The building offers a range of amenities including a private gym, bike storage, package room, valet parking, a large arcade, high-quality retail, and more than 250,000 square feet of office space.

Description

641 Fifth Avenue Apt. 42H Extraordinary Opportunity NOW $4,000,000

Apt. 42H with views of Saint Patrick’s Cathedral and the Empire State Building, and West with views of the Hudson. Perched on the 42nd floor of the classic Olympic Tower and now define the world-renowned building’s current magnificent flexible and creative residential option.

Renovated, Apt. 42H features spacious living/dining room, kitchen with high end appliances -Gaganeau, Miele, and Subzero, lovely wood cabinetry, and stainless steel counters. The many closets with fitted storage space and large bedrooms with marble baths en suite contribute to a lifestyle so highly sought after - graceful, comfortable, and serene in an iconic building recognized globally as a residence chosen by princes, movie stars, industry leaders, and entrepreneur

Surely, Olympic Tower’s many longtime residents have selected this magnificent building as their home specifically to live in a location that showcases 5 star restaurants, Rockefeller Center, the theater district, and flagship designer shops having the city’s special backyard - Central Park defined by its skating rink, zoo, grassy hills, sports fields, and its notable Conservancy just a few blocks away.

Private, cordial, polite, and impeccably managed by its on-site general manager, the staff of doormen, concierge, and building engineers offer discrete service to each resident. The building’s infrastructure includes a 4-pipe HVAC system, its own generator, four elevators and a service elevator.

Amenities include.valet parking, private gym, bike storage, and package room. 1% transfer fee by the buyer, sorry no pets, pieds-a-terre, and corporate purchasers, permitted. Decide to change you acceptance of the way things are to the way things should be for you.

Call me and we will meet for a private showing of your next home.

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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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