$4,200,000
$1M PRICE DROP

Estimated payment $32,907/month

Total Views 12,632
3 Beds
3.5 Baths
2,571 Sq Ft
$1,634 Price per Sq Ft

Highlights

  • River View
  • 4-minute walk to 5 Avenue-Bryant Park
  • Community Garden
  • P.S. 116 Mary Lindley Murray Rated A-
  • Den
  • 1-minute walk to Tilden Park

About This Home

Location! Location! Location! An extraordinary full floor penthouse on prime Midtown Fifth Avenue, with panoramic 360 degree views, North, East, South & West, looking onto a jaw dropping catalogue of iconic NYC buildings. From the Empire State Building to the Brooklyn Bridge, live above the giants of New York City.

Set on the 65th floor, step directly into the penthouse from a coded elevator. The apartment’s palatial entrance greets you with southern views featuring the Empire State Building writ large. Take in views of the Atlantic Ocean, the Freedom Tower, and the Statue of Liberty, as well as observe airplanes coming and going at LaGuardia, JFK and Newark Airports. The view is that immense!

The generous stretch of living quarters features a formal corner dining room with views facing South and West looking upon the majestic Hudson River, towering Hudson Yards and the Garden State, New Jersey. Spectacular sunsets await.

Due to its expansive size, the sprawling living space can be arranged to incorporate multiple uses, such as a library or den. Of note - the original third bedroom has been incorporated into the expanded living area which can easily be converted back to a third bedroom if desired.

The classically balanced 2 bedroom* 3 bathroom penthouse is designed featuring split bedrooms, each with an en-suite Carrara marble bath with a view and custom walk-in closet.

The primary bedroom faces North and West with views of Fifth Avenue and the greenery of Bryant Park. The second bedroom faces North and East, with views of ornate decorative elements of a nearby vintage skyscraper and the iconic Chrysler building.

A separate pass-through kitchen features a granite floor, solid core deep hued cherry wood kitchen cabinets and is well fitted with a Miele gas range, Sub-Zero fridge with custom cheery wood to match the cabinets, Miele dishwasher as well as an in-unit Bosch washer and dryer.

Designed by starchitect Michael Graves, 425 5th Avenue is a full-service classic of New York elegance with an elliptical lobby detailed in burled wood and marble.

The indoor 50-foot lap swimming pool, fitness center, residents club, sauna, steam room, locker rooms, playroom, business center and other amenities are on the 11th & 12th floors along with an outdoor terrace at the setback overlooking 5th Avenue. An adjacent vest-pocket park to the building adds an open feel of air and quietude.

425 5th Avenue is located in the Midtown Cultural District with unparalleled shopping on 5th Avenue with Bryant Park just steps away along with the newly-renovated Morgan Library and Madison Square Garden nearby.

The ease of transportation hubs within walking distance - Grand Central, Port Authority and Penn Station with Amtrak, NJ Transit and LIRR, Long Island Railroad.

Monthly common charge includes $207 assessment.

Penthouse

Coded direct elevator entrance

Full floor

360’ views

2571 sq ft

Washer and dryer in unit

2 custom walk-in closets

*3BR property currently configured as a 2BR.

Listing Agent

Dovanna Pagowski

R New York License #10301208254 Listed on: 09/05/2025

R New York

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $84,636

Year Built

  • Built in 2003

HOA Fees

  • $3,718 Monthly HOA Fees

Home Design

  • Entry on the 65th floor

Interior Spaces

  • 2,571 Sq Ft Home
  • New Windows
  • Entrance Foyer
  • Den
  • River Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Cooling Available

Listing and Financial Details

  • Legal Lot and Block 7503 / 0868

Community Details

Overview

  • High-Rise Condominium
  • Murray Hill Subdivision
  • 67-Story Property

Amenities

  • Community Garden
  • Laundry Facilities
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$84,636

Year Built

Built in 2003

Lot Details

0

HOA Fees

$3,718 per month

Listing Details

  • Cross Street: East 38th Street/East 39th Street
  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Murray Hill
  • Entry Level: 65
  • Structure Type: High Rise
  • Special Features: 4097
  • Property Sub Type: Condos
  • Stories: 67

Interior Features

  • Interior Features: Den, Entrance Foyer, Kitchen Window, Pantry
  • Living Area: 2571.0
  • Living Area Units: Square Feet
  • Dining Room Type: Den
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • View: River
  • View: Yes
  • Exterior Features: Building Storage, Building Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Green Building Features: Elevator(s)
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3718.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Total Stories: 67
  • Year Built: 2003

Tax Info

  • Tax Block: 0868
  • Tax Lot: 7503
  • Tax Annual: 84636.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $102,611 $824,284 $159,176 $665,108
2024 $102,611 $820,760 $159,176 $661,584
2023 $82,773 $817,896 $159,176 $658,720
2022 $81,371 $806,139 $159,176 $646,963
2021 $94,613 $771,279 $159,176 $612,103
2020 $82,217 $853,920 $159,176 $694,744
2019 $79,427 $834,720 $159,176 $675,544
2018 $92,585 $857,444 $159,176 $698,268
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 Price Changed $4,200,000 -4.5% $1,634 / Sq Ft
10/21/2025 10/21/25 Price Changed $4,400,000 -4.3% $1,711 / Sq Ft
09/19/2025 09/19/25 Price Changed $4,600,000 -15.6% $1,789 / Sq Ft
09/05/2025 09/05/25 For Sale $5,450,000 -- $2,120 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $4,750,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 Purchase Money Mortgage
Closed $750,000 No Value Available
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20046310

Real Estate Board of New York (REBNY)

APN: 0868-1625