NOT LISTED FOR SALE

Olympic Tower 641 5th Ave Unit 22K Floor 51 New York, NY 10022

Midtown East Neighborhood

Estimated Value: $1,698,000 - $2,180,000

2 Beds
2 Baths
1,348 Sq Ft
1975 Built

Last Sold August 31, 2023

Last sale price $2,050,000 $1,521 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $13,246/month

Highlights

  • City View
  • 2-minute walk to 5 Avenue-53 Street
  • Elevator
  • P.S. 59 Beekman Hill International Rated A
  • No HOA
  • 1-minute walk to Channel Gardens

About This Home

As of April 2024

RENOVATED 2BD2BTH OLYMPIC TOWER in MIDTOWN $8500/mo.

TURNKEY -Two-bedroom, two bath corner apartment, approx.1348 SF, with magnificent views south of Fifth Avenue, Saint Patrick's Cathedral, the Empire State Building, Rockefeller Center and east with open NYC views invites you to "move right in!"

.Renovated kitchen with top-of-the-line appliances, Miele dishwasher, Sub-Zero, full-size washer/dryer, and renovated baths, beautiful newly finished hardwood floors, floor to ceiling windows, and upgraded HVAC units, freshly painted, in move in condition are some of the features of this terrific apartment.

The graceful floor plan includes a small office or dressing area and wonderful closet space. 24/7 Doorman, Concierge, Gym, Bike Storage, and Valet Service.

Building requires at least one year lease term. Corporate leases and Pieds a Terre are permitted. Only one year leases no option to renew will be offered.

Last Agent to Rent the Property

Nancy Smith

Douglas Elliman Real Estate License #30SM0845272 Listed on: 12/05/2023

Douglas Elliman Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $30,295

Year Built

  • Built in 1975

Home Design

  • Entry on the 22nd floor

Interior Spaces

  • 1,348 Sq Ft Home
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Utilities

  • No Cooling

Listing and Financial Details

  • Property Available on 12/15/23
  • Legal Lot and Block 0069 / 01383

Community Details

Overview

  • No Home Owners Association
  • 225 Units
  • High-Rise Condominium
  • Olympic Tower Condos
  • Midtown East Subdivision
  • 52-Story Property

Amenities

  • Elevator

Condo Details

Home Type

Condominium

Est. Annual Taxes

$30,295

Year Built

Built in 1975

Lot Details

0

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished
  • Available Date: 2023-12-15

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Midtown East
  • Entry Level: 22
  • Structure Type: High Rise
  • Pets No Pets Comments: ,Building Pets Allowed Comments:Service Dog
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 52

Interior Features

  • Interior Features: Dining Area, Smoke Free
  • Fireplace: No
  • Living Area: 1348.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Elevator(s), Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: OLYMPIC TOWER
  • Units: 225
  • Total Stories: 52
  • Year Built: 1975

Tax Info

  • Tax Block: 01383
  • Tax Lot: 0069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2023
Closed on
Sep 7, 2023
Sold by
Shavell As Truste Cathy Wynne and Wade M Shavell Trust
Bought by
Ot22k Llc
Seller's Agent
Eva Penson
Sothebys International Realty
List Price
$2,200,000
Sold Price
$2,050,000
Premium/Discount to List
-$150,000
-6.82%
Views
83
Current Estimated Value
$2,036,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,905
Avg. Annual Appreciation
-0.30%

Purchase Details

Closed on
Oct 11, 2017
Sold by
Estate Of Wade M Shavell and % Cathy Wynne Shavell Executor
Bought by
Shavell Trustee Cathy Wynne and Wade M Shavell Trust

Purchase Details

Closed on
Oct 26, 2006
Sold by
Swanson Dan and Swanson Karen
Bought by
Shavell Wade

Purchase Details

Closed on
Apr 7, 2006
Sold by
Middle East Marketing Organization
Bought by
Shavell Wade and Swanson Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.37%

Purchase Details

Closed on
Mar 8, 2006
Sold by
Middle East Marketing Org (A Lebanese C
Bought by
Middle East Marketing Organization (A Ne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ot22k Llc $2,050,000 --
Ot22k Llc $2,050,000 --
Shavell Trustee Cathy Wynne -- --
Shavell Trustee Cathy Wynne -- --
Shavell Wade $763,688 --
Shavell Wade $763,688 --
Shavell Wade $1,500,000 --
Shavell Wade $1,500,000 --
Middle East Marketing Organization (A Ne -- --
Middle East Marketing Organization (A Ne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shavell Wade $75,000
Previous Owner Shavell Wade $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2024 04/23/24 Rented $7,500 -6.3% --
04/14/2024 04/14/24 Under Contract -- -- --
03/08/2024 03/08/24 Price Changed $8,000 -5.9% $6 / Sq Ft
01/25/2024 01/25/24 Price Changed $8,500 -28.6% $6 / Sq Ft
01/03/2024 01/03/24 Price Changed $11,900 -8.5% $9 / Sq Ft
12/05/2023 12/05/23 For Rent $13,000 0.0% --
09/19/2023 09/19/23 Off Market $2,050,000 -- --
08/31/2023 08/31/23 Sold $2,050,000 -2.4% $1,522 / Sq Ft View Prior Sale
07/02/2023 07/02/23 Off Market $2,100,000 -- --
05/16/2023 05/16/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $2,100,000 -4.5% $1,559 / Sq Ft
03/17/2023 03/17/23 For Sale $2,200,000 0.0% $1,633 / Sq Ft
05/07/2021 05/07/21 Rented -- -- --
04/22/2021 04/22/21 Off Market -- -- --
02/17/2021 02/17/21 For Rent -- -- --
10/26/2020 10/26/20 For Rent $6,000 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

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 $30,295 $242,485 $45,611 $196,874
2024 $30,295 $242,320 $45,611 $196,709
2023 $30,427 $248,040 $45,611 $202,429
2022 $29,448 $240,684 $45,611 $195,073
2021 $28,008 $228,322 $45,611 $182,711
2020 $30,362 $260,250 $45,611 $214,639
2019 $30,011 $260,271 $45,611 $214,660
2017 $26,737 $235,057 $45,611 $189,446
2016 $25,154 $230,955 $45,611 $185,344
2015 $15,006 $226,409 $45,612 $180,797
2014 $15,006 $188,727 $45,611 $143,116
Source: Public Records

Agents Affiliated with this Home

  • Nancy Smith

    Landlord's Agent in 2024

    Nancy Smith

    Douglas Elliman Real Estate

    (212) 891-7787

    6 in this area

    10 Total Sales

    Nancy Smith
    Section Image

  • E

    Seller's Agent in 2023

    Eva Penson

    Sothebys International Realty

    (917) 371-8511

    4 in this area

    11 Total Sales

    Eva Penson
    Section Image
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About Olympic Tower

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10955595

Real Estate Board of New York (REBNY)

APN: 1287-1001

New York New York County New York 10022 Midtown East

641 5th Ave Unit 22K, New York, NY

Not Listed for Sale

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