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    641-645 5Th Ave New York, NY 10022

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    For Sale
    $4,500,000

    Luxury mixed-use condominium with residential and commercial space.

    Property size:
    1,791 SF
    Lot size:
    0.68 Acres

    Property Features for 641-645 5Th Ave

    General Information

    Size
    1,791 SF
    Lot size
    0.68 Acres

    Source: 4 Points Properties Agent Listing Contact - 4 Points

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Olympic Tower Mixed-Use Condominium

    The Olympic Tower on Fifth Avenue in New York is a 51-story mixed-use condominium developed by Aristotle Onassis and designed by Skidmore, Owings & Merrill. Floors 22 through 51 offer luxury residences with panoramic views of New York City. The property includes both luxury accommodations and premier executive commercial space. The property size is 1791 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Grocery Store Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9762805
    Latitude
    40.7590778

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    FAQs

    What type of property is this?
    Mixed-use property - Luxury mixed-use condominium with residential and commercial space.
    Where is this mixed-use property located?
    The property is located at 641-645 5Th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Premier Fifth Avenue location in the iconic Olympic Tower.; - Developed by Aristotle Onassis and designed by Skidmore, Owings & Merrill.; - Luxury residences on floors 22-51 with panoramic New York City views.
    (212) 300-3901
    Request Owner's contact information
    641-645 5Th Ave New York, NY 10022
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    New York, NY 10022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    641-645 5Th Ave New York, NY 10022
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