Seller's Agent in 2023
Paula Allen
Sothebys International Realty
(212) 431-2455
1 in this area
5 Total Sales
Olympic Tower 641 5th Ave Unit 34H New York, NY 10022
Midtown East NeighborhoodEstimated Value: $2,837,000 - $4,174,000
2
Beds
2.5
Baths
1,780
Sq Ft
$3,105/mo
HOA Fee
Highlights
- City View
- 2-minute walk to 5 Avenue-53 Street
- 1-minute walk to Channel Gardens
- P.S. 59 Beekman Hill International Rated A
- Central Air
About This Home
As of May 2023RESIDENCE 34H IS SPECTACULARLY DESIGNED AND GUT-RENOVATED TO PERFECTION. An elegant 1,780 sq ft +/- 2 bedroom/2 ½ bathroom South/West corner apartment in the iconic Olympic Tower featuring breathtaking South views over St. Patrick's Cathedral and West views of the City all the way to the river thru massive floor-to-ceiling windows.
Enter the apartment through a spacious foyer with a dramatic powder room. Once inside, you immediately enter an oversized living room with exceptional South/West views, custom bar and entertainment center. This space allows for comfortable living and entertaining any time of the day or night. Given the size of this space, there is a functional home-office set-up as well. The beautiful kitchen features custom cabinetry, Silestone countertops, Miele Induction stove top, GE Monogram Oven, Sub-Zero Refrigerator, GE Microwave, Fisher and Paykel dishwasher and Miele washer/dryer closet.
The large master bedroom suite has many closets and custom cabinetry furniture. The elegant marble master bath is large and comfortable featuring an oversized shower, custom vanity with two sinks and smart mirror TV. The guest bedroom is also large with a beautiful marble en-suite bath.
Other features of this impressive home include beautiful electronic solar and blackout window shades, nest system, electronic lighting system.
The Olympic Tower is considered one of the finest full-service condominium buildings in New York City. It was developed by Aristotle Onassis in 1976 and designed by Skidmore, Owings & Merrill.
The building's staff is known for its attentiveness and discretion and includes 24-hour doorman and concierge. There is a gym dedicated to building residents on the 22nd floor, bicycle room and valet parking. Additional amenities include full-time concierge service that can assist with dinner reservations, tickets to theater and sporting events, and assistance managing your home. The building is corporate and investor friendly. A 1% transfer fee payable by the Buyer at closing is required. The condominium does not allow dogs. Cats are allowed. Unit 34-H has had all of the air-conditioning / heating units replaced to be compliant with the condominium's requirement that these systems be modernized.
Located on New York's famed Fifth Avenue at 51st Street this condominium is at the epicenter of New York's urban landscape. Some of the finest restaurants, shopping and entertainment venues are outside your front door. Central Park is just a few blocks north. This truly is an unbeatable offering for that discerning buyer who values perfection, space, proportion, light and views in an elegant setting.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $38,976
Year Built
- Built in 1975
Lot Details
- 0.59
HOA Fees
- $3,105 Monthly HOA Fees
Interior Spaces
- 1,780 Sq Ft Home
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Dryer
- Washer
- Washer Dryer Allowed
Utilities
- Central Air
Community Details
- 225 Units
- Midtown Central Subdivision
- 51-Story Property
Listing and Financial Details
- Tax Block 7501
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 10, 2022
Closed on
May 3, 2023
Sold by
Merlin 34 Llc
Bought by
One Thousand One Llc
Seller's Agent
Paula Allen
Sothebys International Realty
List Price
$4,295,000
Sold Price
$4,250,000
Premium/Discount to List
-$45,000
-1.05%
Total Days on Market
157
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$711,480
Avg. Annual Appreciation
-8.88%
Purchase Details
Closed on
May 10, 2012
Sold by
Mowcouver 34H Inc
Bought by
Merlin 34 Llc
Purchase Details
Closed on
Nov 28, 2007
Sold by
Mowafaghian Djavad
Bought by
Mowcouver 34H Inc
Purchase Details
Closed on
Jun 23, 2005
Sold by
Hermann Lydia
Bought by
Mowafaghian Djavad
Purchase Details
Closed on
Nov 21, 2000
Sold by
Hermann Walter
Bought by
Hermann Lydia
Purchase Details
Closed on
Sep 1, 1998
Sold by
Decentolla Balkis Doria
Bought by
Hermann Walter and Hermann Lydia
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| One Thousand One Llc | $4,250,000 | -- | |
| One Thousand One Llc | $4,250,000 | -- | |
| Merlin 34 Llc | $3,820,000 | -- | |
| Merlin 34 Llc | $3,820,000 | -- | |
| Mowcouver 34H Inc | -- | -- | |
| Mowcouver 34H Inc | -- | -- | |
| Mowafaghian Djavad | $2,700,000 | -- | |
| Mowafaghian Djavad | $2,700,000 | -- | |
| Hermann Lydia | -- | Chicago Title Insurance Co | |
| Hermann Lydia | -- | Chicago Title Insurance Co | |
| Hermann Walter | $1,470,000 | Chicago Title | |
| Hermann Walter | $1,470,000 | Chicago Title |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2023 05/03/23 | Sold | $4,250,000 | -1.0% | $2,388 / Sq Ft |
| 03/17/2023 03/17/23 | Pending | -- | -- | -- |
| 10/10/2022 10/10/22 | For Sale | $4,295,000 | -- | $2,413 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 | $39,997 | $319,924 | $60,345 | $259,579 |
| 2023 | $40,171 | $327,473 | $60,345 | $267,128 |
| 2022 | $38,783 | $317,766 | $60,345 | $257,421 |
| 2021 | $36,979 | $301,453 | $60,345 | $241,108 |
| 2020 | $40,086 | $343,585 | $60,345 | $283,240 |
| 2019 | $39,306 | $343,613 | $60,345 | $283,268 |
| 2018 | $37,553 | $313,021 | $60,345 | $252,676 |
| 2017 | $35,303 | $310,340 | $60,345 | $249,995 |
| 2016 | $32,586 | $304,926 | $60,345 | $244,581 |
| 2015 | $19,443 | $298,927 | $60,345 | $238,582 |
| 2014 | $19,443 | $249,047 | $60,345 | $188,702 |
Source: Public Records
Agents Affiliated with this Home
-
Paula Allen
-
Glenn Norrgard
Seller Co-Listing Agent in 2023
Glenn Norrgard
Sothebys International Realty
(917) 822-6840
1 in this area
41 Total Sales
About Olympic Tower
Map
Similar Homes in the area
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10845506
APN: 1287-1104
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