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Olympic Tower, 641 Fifth Avenue, #48B

$3,595,000 | 1 bed, 2 baths
Building Profile  | 
67 days on Market

Key Details

  • Listed: Sep 10, 2024
    Days on Market: 67
    Building Type: Condominium
    Neighborhood: Midtown East (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $2,278
Monthly Real Estate Taxes: $1,913
Total Taxes & Fees: $4,191
Est. Monthly Mortgage: $21,461
Total Est. Monthly Carrying Cost: $25,652
Note: the above is based on a down payment of 10% ($359,500), which is the minimum amount permitted by the building.

Description

This stunning loft-like aerie is perched near the top of iconic Olympic Tower and features breathtaking, contextual views over Midtown and Central Park through massive floor-to-ceiling windows. The current owners undertook a meticulous, bespoke renovation of this generously proportioned one bedroom, two full bathroom apartment. The minimalist design, led by the New York and Frankfurt-based "1100 Architects", envisioned a modern reinterpretation of the original Skidmore, Owings and Merrill design for the tower.

The result is a gracious, thoughtful and livable layout that maximizes the impact of the views while not sacrificing practicality. Upon entering via a grand gallery, one is instantly imparted with a sense of space and light. The home’s primary living area brilliantly frames the mesmerizing views while walls of discreetly designed custom closets provide an abundance of storage space so rare in Manhattan. Museum quality finishes throughout include two stunningly rendered full bathrooms featuring Dolomite walls and flooring as well as water fixtures which are exact replicas of the original Olympic Tower fixtures, custom-forged in Florence.

Other features of this striking home include impeccable white oak flooring, a chef’s kitchen with appliances by Gaggenau, Wolf and Miele, a separate laundry closet with Miele washer and dryer, electronic solar and blackout window shades and a Lutron lighting system throughout. Originally conceived by Aristotle Onasis in 1974, Olympic Tower is widely considered one of the finest full-service condominium buildings in New York City and has been home to countless luminaries from all corners of the globe. The building’s 40 person staff is remarkable for its attentiveness and discretion and includes a 24-hour multi-lingual doorman, concierge and elevator attendant. Other building features include a fully equipped gym with park views, a bicycle storage room and valet parking.

The building’s location on the corner of Fifth Avenue and 51st Street is perhaps its greatest attribute. Positioned directly across from St. Patrick’s Cathedral and Rockefeller Center, it is at the epicenter of New York City’s retail, restaurant and cultural worlds. *Represents current apartment configuration, which may not conform to official legal documentation. Purchasers should consult with their legal or architectural professionals to determine legal use parameters.

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Apartment Amenities

  • Northern Exposures
  • Washer/Dryer in apt.
Listing courtesy of Sothebys International Realty

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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