Estimated Value: $843,000 - $1,189,000
1
Bed
1
Bath
790
Sq Ft
$1,035/mo
HOA Fee
Highlights
- Concierge
- 4-minute walk to 5 Avenue-Bryant Park
- Indoor Pool
- P.S. 116 Mary Lindley Murray Rated A-
- Steam Room
- 1-minute walk to Tilden Park
About This Home
As of April 2024Fantastic Fifth Avenue Terrace
---
Listed for the first time since the luxury condo offering, Residence 28A is a breathtaking corner-unit floating high above Fifth Avenue encased in oversized windows with a marvelous private terrace.
This highly coveted home boasts 91 square feet of outdoor space, a rare feature that only 8 other apartments can claim in this iconic 175-unit building designed by the celebrated architect, Michael Graves.
Enjoy endless hits of natural light and phenomenal skyline views to the north and east, including the New York Public Library and Bryant Park. There is no shortage of splendor in this 1-bed 1-bath oasis, a quintessentially New York experience inside and out.
The spacious primary bedroom features an en-suite bathroom with a soaking tub and separate standing jet stream shower. It all comes together to create a serene retreat in the center of the world. The bright and airy windowed kitchen is composed of cherry wood cabinets, GE profile and Frigidaire appliances, black granite counter tops and Kohler fixtures. Great closets are found throughout the apartment and the generous floor plan easily accommodates additional storage.
425 fifth Ave is a white glove condominium with a 24 hour attended lobby concierge to manage all your personal needs and valet services. From the moment you enter the building - from its very own vest-pocket park - you experience a true sense of luxury, beginning with an elliptical lobby detailed in burled wood and marble. The building boasts several lifestyle and wellness amenities on 3 full floors, including a full-scale health and wellness club with a lap pool, sauna, steam room and massage therapy rooms, as well as a state-of-the-art fitness center with a wrap-around sun terrace. It also features a playroom, exclusive cinema room, business center and laundry room. W/D are permitted in apartments with approval.
The building is conveniently located at Fifth Avenue and East 38th Street, giving easy access to some of the most popular attractions in New York City. Bryant Park, the New York Public Library, Grand Central, major transportation, local restaurants, upscale boutiques on Fifth and Madison Ave., the Morgan library Museum, Saks Fifth Avenue and Rockefeller Plaza are just a few of the highlights. Pets are permitted.
Last Agent to Sell the Property
Corcoran Group License #10301220616 Listed on: 12/11/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,242
Year Built
- Built in 2003
HOA Fees
- $1,035 Monthly HOA Fees
Interior Spaces
- 790 Sq Ft Home
- Washer Dryer Allowed
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Outdoor Features
- Indoor Pool
- Balcony
- Deck
- Terrace
- Wrap Around Porch
Utilities
- No Cooling
Listing and Financial Details
- Legal Lot and Block 1516 / 00868
Community Details
Overview
- 172 Units
- High-Rise Condominium
- 425 Fifth Avenue Condos
- Midtown Subdivision
- 54-Story Property
Amenities
- Concierge
- Rooftop Deck
- Courtyard
- Steam Room
- Theater or Screening Room
- Game Room
- Children's Playroom
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 11, 2023
Closed on
Apr 22, 2024
Sold by
Chun Caroline Young Chi and Chun Deceased
Bought by
Gao Minghan and Zhang Xiaodong
Seller's Agent
David Palmieri
Corcoran Group
List Price
$1,199,000
Sold Price
$1,169,500
Premium/Discount to List
-$29,500
-2.46%
Total Days on Market
71
Views
199
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,926
Avg. Annual Appreciation
-7.65%
Purchase Details
Closed on
Apr 26, 2004
Sold by
Rfd 425 Fifth Avenue L P and % Rfr Holding Llc And Davis & Partners
Bought by
Chi Chun Caroline Young and Chun Hoo G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.39%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gao Minghan | $1,169,500 | -- | |
| Gao Minghan | $1,169,500 | -- | |
| Chi Chun Caroline Young | $631,315 | -- | |
| Chi Chun Caroline Young | $631,315 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chi Chun Caroline Young | $320,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2024 04/22/24 | Sold | $1,169,500 | -2.5% | $1,480 / Sq Ft |
| 02/23/2024 02/23/24 | Pending | -- | -- | -- |
| 12/13/2023 12/13/23 | For Sale | $1,199,000 | -- | $1,518 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,242 | $73,921 | $14,337 | $59,584 |
| 2023 | $9,036 | $73,664 | $14,337 | $59,327 |
| 2022 | $8,861 | $72,606 | $14,337 | $58,269 |
| 2021 | $8,521 | $69,466 | $14,337 | $55,129 |
| 2020 | $8,913 | $76,909 | $14,337 | $62,572 |
| 2019 | $8,600 | $75,180 | $14,337 | $60,843 |
| 2018 | $8,612 | $77,226 | $14,337 | $62,889 |
| 2017 | $7,971 | $71,721 | $14,337 | $57,384 |
| 2016 | $7,834 | $66,698 | $14,337 | $52,361 |
| 2015 | $3,669 | $65,828 | $14,337 | $51,491 |
| 2014 | $3,669 | $62,003 | $14,337 | $47,666 |
Source: Public Records
Agents Affiliated with this Home
-
David Palmieri
Seller's Agent in 2024
David Palmieri
Corcoran Group
(631) 525-2729
2 in this area
49 Total Sales
-
Nathaniel Faust
Seller Co-Listing Agent in 2024
Nathaniel Faust
Corcoran Group
(917) 774-1473
2 in this area
60 Total Sales
About This Building
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10950631
APN: 0868-1516
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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