$3,750,000
$1M PRICE DROP

Olympic Tower 641 5th Ave Unit 42A New York, NY 10022

Midtown East Neighborhood

Estimated payment $29,101/month

Total Views 9,109
2 Beds
3.5 Baths
2,260 Sq Ft
$1,659 Price per Sq Ft

Highlights

  • Concierge
  • 2-minute walk to 5 Avenue-53 Street
  • Central Air
  • P.S. 59 Beekman Hill International Rated A
  • City View
  • 1-minute walk to Channel Gardens

About This Home

641 Fifth Apt. 42A Extraordinary Opportunity NOW $3,750,000 - 2,260 sf (approx) Jaw Dropping Central Park Views! -

Apt. 42A, approx. 2249 soft convertible three bedrooms, 3.5 baths (see floor plan) surrounded by jaw dropping views North with views of Central Park, and West with views of the Hudson. Perched on the 42nd floor of the classic Olympic Tower and now define the world-renowned building's current magnificent flexible and creative residential option. Renovated, Apt. 42A feature spacious living room and separate grand dining room, kitchen with high end appliances -Gaganeau, Miele, and Subzero, lovely wood cabinetry, and stainless-steel counters. The many closets with fitted storage space and large bedrooms with marble baths en suite contribute to a lifestyle so highly sought after - graceful, comfortable, and serene in an iconic building recognized globally as a residence chosen by princes, movie stars, industry leaders, and entrepreneurs.

Apt. 42A may be sold along with Apt. 42H (See floor plan for both units). What a wonderful opportunity!

Surely, Olympic Tower's many longtime residents have selected this magnificent building as their home specifically to live in a location that showcases 5 star restaurants, Rockefeller Center, the theater district, and flagship designer shops having the city's special backyard - Central Park defined by its skating rink, zoo, grassy hills, sports fields, and its notable Conservancy.

Private, cordial, polite, and impeccably managed by its on-site general manager, the staff of doormen, concierge, and building engineers offer discrete service to each resident. The building's infrastructure includes a 4-pipe HVAC system, its own generator, four elevators and a service elevator. Amenities include-valet parking, private gym, bike storage, and package room. 1% transfer fee by the buyer, sorry no pets, part time residence and corporate purchasers, permitted.

Call me and we will meet for a private showing of your next home.

Listing Agent

Nancy Smith

Douglas Elliman Real Estate License #30SM0845272 Listed on: 09/11/2023

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $48,924

Year Built

  • Built in 1975

HOA Fees

  • $4,492 Monthly HOA Fees

Interior Spaces

  • 2,260 Sq Ft Home
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7501 / 01287

Community Details

Overview

  • 225 Units
  • High-Rise Condominium
  • Olympic Tower Condos
  • Midtown East Subdivision
  • 52-Story Property

Amenities

  • Concierge

Property Details

Home Type

Condominium

Est. Annual Taxes

$48,924

Year Built

Built in 1975

Lot Details

0

HOA Fees

$4,492 per month

Listing Details

  • Exposures: North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown East
  • Entry Level: 42
  • Structure Type: High Rise
  • Pets No Pets Comments: Service Dog,Building Pets Allowed Comments:Service Dog
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 52

Interior Features

  • Interior Features: Separate/Formal Dining Room, Smoke Free
  • Fireplace: No
  • Living Area: 2260.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Basement: Yes
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: None, Private Outdoor Space Under 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Concierge, Elevator(s)
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4492.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Zoning Description: RC

Building Info

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

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01287
  • Tax Lot: 7501
  • Tax Annual: 48924.0

Map

About Olympic Tower

Range of Values:

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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

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 $49,361 $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 $20,324 $379,514 $76,498 $303,016
2014 $20,324 $316,307 $76,498 $239,809
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2025 01/28/25 Price Changed $3,750,000 -6.3% $1,659 / Sq Ft
01/07/2025 01/07/25 Price Changed $4,000,000 -11.1% $1,770 / Sq Ft
10/02/2024 10/02/24 Price Changed $4,500,000 -10.0% $1,991 / Sq Ft
09/11/2023 09/11/23 For Sale $5,000,000 -- $2,212 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed -- --
Source: Public Records

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10994376

Real Estate Board of New York (REBNY)

APN: 1287-1161

New York New York County New York 10022 Midtown East

641 5th Ave Unit 42A, New York, NY

This home is located at 641 5th Ave Unit 42A, New York, NY 10022 and is currently priced at $3,750,000, approximately $1,659 per square foot. This property was built in 1975. 641 5th Ave Unit 42A is a home located in New York County with nearby schools including P.S. 59 Beekman Hill International, Clinton School, and Simon Baruch Middle School 104.

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Nancy Smith
Listing Agent
Nancy Smith
Section Image
Douglas Elliman Real Estate
(212) 891-7787