NOT LISTED FOR SALE

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

Midtown East Neighborhood

Estimated Value: $1,750,000 - $2,273,000

1 Bed
2 Baths
1,300 Sq Ft
$2,119/mo HOA Fee

Last Sold May 25, 2022

Last sale price $2,100,000 $1,615 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $15,504/month

43 Days on Market

Highlights

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

About This Home

As of May 2022

Welcome home to unit #42C at the Olympic Tower, an iconic Fifth Avenue address in NYC.

As soon as you open the front door, you are greeted by a wall of floor-to-ceiling oversized windows with magnificent Central Park and city skyline views. The beauty of this floor plan is its potential and flexibility. Boasting 1300SF of living space, you can convert the L-shaped living room into a spacious second bedroom or home office. The apartment also offers two full bathrooms, and amazing storage spaces and closets.

This home has been renovated with brand new oak floors, a new kitchen, upgrades to the bathrooms, and is freshly painted.

The primary bedroom suite is a rare find in terms of sheer space, and features an en-suite marble bathroom with Central Park views, a generous walk-in closet, and two additional closets. The brand-new kitchen was designed to maximize the space, outfitted with Carrera marble counter tops and back splash, stainless steel appliances, and tons of storage space. The unit also offers washer and dryer and central air-conditioner.

The renown Olympic Tower has an outstanding reputation as one of the finest full-service luxury condominiums in New York City. It was way ahead of its time when it was built in 1976, with an exceptional focus on serenity, privacy and catering to elegant lifestyles. It was developed by Aristotle Onassis and designed by the famed Skidmore, Owings & Merrill. The building combines high end retail shops, offices and luxury residential units next to Rockefeller Center, St. Patricks Cathedral and the finest dining options in the city, in the heart of midtown. This coveted premier Fifth Avenue location is unsurpassed in elegance, style and luxury.

The full, 24/7 staff of doormen and concierge is dedicated to your comfort and stands ready to assist you with personal requests for theater tickets, limousine service, and dining reservations, though Abigail Michaels concierge services. Amenities include a well- appointed gym, package room, and valet car service.

Corporate purchases and pied-a-terre are permitted

Apologies but no pets are allowed.

Last Listed By

Heloisa Germano

Keller Williams NYC License #40GI0845130 Listed on: 10/17/2021

Keller Williams NYC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,524

Year Built

  • Built in 1973

Lot Details

  • 0.89

HOA Fees

  • $2,119 Monthly HOA Fees

Interior Spaces

  • 1,300 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 1287

Community Details

Overview

  • Midtown East Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,524

Year Built

Built in 1973

Lot Details

0

HOA Fees

$2,119 per month

Listing Details

  • Cross Street: East 51st Street and East 52nd Street
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown East
  • Entry Level: 42
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1300.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2119.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Year Built: 1973

Tax Info

  • Tax Block: 1287
  • Tax Annual: 28524.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2021
Closed on
May 25, 2022
Sold by
Olim Corporation
Bought by
Winsid Capital Ii Llc
Seller's Agent
Heloisa Germano
Keller Williams NYC
List Price
$2,100,000
Sold Price
$2,100,000
Total Days on Market
43
Current Estimated Value
$1,960,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$139,402
Avg. Annual Appreciation
-2.26%
Original Mortgage
$1,575,000
Outstanding Balance
$1,508,928
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$451,670

Range of Values:

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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
Winsid Capital Ii Llc $2,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winsid Capital Ii Llc $155,000
Open Winsid Capital Ii Llc $300,000
Open Winsid Capital Ii Llc $1,575,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Off Market $2,100,000 -- --
05/25/2022 05/25/22 Sold $2,100,000 0.0% $1,615 / Sq Ft
04/20/2022 04/20/22 Off Market $2,100,000 -- --
10/17/2021 10/17/21 For Sale $2,100,000 -- $1,615 / 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
2024 $28,937 $231,456 $43,664 $187,792
2023 $29,063 $236,917 $43,664 $193,253
2022 $28,128 $229,895 $43,664 $186,231
2021 $26,753 $218,093 $43,664 $174,429
2020 $28,933 $248,573 $43,664 $204,909
2019 $28,437 $248,594 $43,664 $204,930
2018 $27,168 $226,462 $43,664 $182,798
2017 $25,534 $224,522 $43,664 $180,858
2016 $24,021 $220,606 $43,664 $176,942
2015 $17,365 $216,266 $43,664 $172,602
2014 $17,365 $180,172 $43,664 $136,508
Source: Public Records

Agents Affiliated with this Home

  • Heloisa Germano

    Seller's Agent in 2022

    Heloisa Germano

    Keller Williams NYC

    (917) 669-1156

    1 in this area

    7 Total Sales

    Heloisa Germano
    Section Image
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About Olympic Tower

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10891883

Real Estate Board of New York (REBNY)

APN: 1287-1163

New York New York County New York 10022 Midtown East

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

Homes for Sale in New York, NY

This home is located at 641 5th Ave Unit 42C, New York, NY 10022 since 17 October 2021 and is currently estimated at $1,960,598, approximately $1,508 per square foot. This property was built in 1973. 641 5th Ave Unit 42C 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) 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.

RLS Data display by Homes.com LLC

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