NOT LISTED FOR SALE

Estimated Value: $3,189,000 - $4,098,458

3 Beds
3.5 Baths
2,275 Sq Ft
$3,941/mo HOA Fee

Last Sold August 07, 2023

Last sale price $4,300,000 $1,890 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $28,230/month

37 Days on Market

Highlights

  • City View
  • 2-minute walk to 5 Avenue-53 Street
  • Entrance Foyer
  • P.S. 59 Beekman Hill International Rated A
  • Galley Kitchen
  • 1-minute walk to Channel Gardens

About This Home

As of August 2023

Wrapping the northwest corner of the iconic Olympic Tower with floor-to-ceiling windows, this glamorous residence is defined by glorious light and spectacular views of Central Park and the Manhattan cityscape. Distinct from every other A-line in the building, Apartment 24A includes a third, larger bedroom that was once purchased from 24B to create a luxurious primary suite with two additional bedrooms.

Upon entry, panoramic Midtown Manhattan and Central Park vistas can be seen from the magnificent Great Room and open Kitchen. The recent reconfiguration of the apartment incorporated the original galley Kitchen into the Great Room to impart a grander sense of spaciousness and maximize the magical views. Throughout the residence, a luxury of space and comfort are aptly supported by high-level details.

Designed with a chic and modern sensibility, the newly renovated Kitchen has granite countertops and state-of-the-art appliances, including a Bosch electric stove top with a Faber wall-mounted hood, a Bosch conventional and convection oven, and a Liebherr refrigerator and freezer. Nearby, a Powder Room, laundry facilities, and a coat closet are all conveniently accessible.

The private quarters are separated from the rest of the residence by a hallway that features a generously-sized walk-in closet. Accessed by an additional hallway, the Primary Bedroom boasts another large walk-in closet and an ensuite bath with double vanities. There are two additional Bedrooms, each with an ensuite bath and ample closet space. All three very spacious Bedrooms have north-facing floor-to-ceiling windows with glorious outlooks up Fifth Avenue and Central Park.

Perfectly positioned at the very center of Midtown Manhattan's most glamorous district, Olympic Tower was developed as the city's first luxury condominium by a consortium headed by Aristotle Onassis. The building boasts the highest white glove services, with a 24-hour multi-lingual staff and a sophisticated concierge. They provide unparalleled discretion, security, and comfort to residents of this exclusive condominium.

Residents enjoy a vast host of amenities, including a private fitness center, bicycle storage, and a resident manager. Pieds-a-terre and corporate purchases are permitted. There is a 1% transfer fee payable by the buyer. Please note that 641 Fifth Avenue is a pet-free building.

Last Agent to Sell the Property

Serena Boardman

Sothebys International Realty License #30BO0940293 Listed on: 05/16/2023

Sothebys International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $51,012

Year Built

  • Built in 1975

Lot Details

  • 0.59

HOA Fees

  • $3,941 Monthly HOA Fees

Home Design

  • Entry on the 24th floor

Interior Spaces

  • 2,275 Sq Ft Home
  • Entrance Foyer
  • Galley Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 01287

Community Details

Overview

  • 225 Units
  • Midtown Central Subdivision
  • 51-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$51,012

Year Built

Built in 1975

Lot Details

0

HOA Fees

$3,941 per month

Listing Details

  • Exposures: North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown Central
  • Entry Level: 24
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 51

Interior Features

  • Interior Features: Entrance Foyer, Galley Kitchen
  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 2275.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: City, Park/Greenbelt
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3941.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Area: 25602.0
  • Lot Size Dimensions: 112.92 x 192.5

Building Info

  • New Construction: No
  • Units: 225
  • Total Stories: 51
  • Year Built: 1975

Tax Info

  • Tax Block: 01287
  • Tax Annual: 51012.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Aug 4, 2023
Sold by
Tuliza Real Estate Llc
Bought by
Dena Rashes and Dena Michael Rashes
Seller's Agent
Serena Boardman
Sothebys International Realty
List Price
$4,490,000
Sold Price
$4,300,000
Premium/Discount to List
-$190,000
-4.23%
Views
43
Current Estimated Value
$3,809,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$490,635
Avg. Annual Appreciation
-5.09%

Purchase Details

Closed on
Oct 4, 2017
Sold by
Carlyn S Mccaffrey As Executrix and % Mcdermott Will & Emery Llp
Bought by
Tuliza Real Estate Llc

Purchase Details

Closed on
Oct 24, 2003
Sold by
Rottenberg Alan W
Bought by
Helpern John M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Dena Rashes $4,300,000 --
Dena Rashes $4,300,000 --
Tuliza Real Estate Llc $3,800,000 --
Tuliza Real Estate Llc $3,800,000 --
Helpern John M -- --
Helpern John M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2023 08/07/23 Sold $4,300,000 -4.2% $1,890 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $4,490,000 -- $1,974 / Sq Ft
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 $50,781 $406,460 $76,498 $329,962
2024 $50,781 $406,182 $76,498 $329,684
2023 $51,003 $415,770 $76,498 $339,272
2022 $49,239 $403,441 $76,498 $326,943
2021 $46,948 $382,721 $76,498 $306,223
2020 $50,894 $436,232 $76,498 $359,734
2019 $50,305 $436,269 $76,498 $359,771
2018 $47,680 $397,414 $76,498 $320,916
2017 $44,815 $394,009 $76,498 $317,511
2016 $42,162 $387,133 $76,498 $310,635
2015 $16,767 $379,514 $76,498 $303,016
2014 $16,767 $316,307 $76,498 $239,809
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10886521

Real Estate Board of New York (REBNY)

APN: 1287-1017