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Renovated Residential Income Property

641 5TH Avenue 38B, Manhattan, NY 10022

For Sale
$2,950,000

Renovated high-floor residence with Central Park and Manhattan skyline views, full-service building amenities, and custom European finishes.

Property Size1,238 SF
Price / SF$2,382
Days on Market188

Property Features for 641 5TH Avenue 38B

General Information

Standard status Active
Size 1,238 SF
Property subtype Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

HOA Fee $161.03

Taxes and HOA fees

Annual Taxes $27,816

Amenities

24-hour concierge
white-gloved attendants

Building Details

Building Size 1,238 SF
Year Built 1975
Stories 51
Listing Agency: Manhattan Miami Real Estate LLC
Listed By: Anthony J Guerriero
Source: Carlinwright
Added: May 6 Changed: Nov 4 Last Checked: Nov 8 at 2:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Manhattan Miami Real Estate LLC

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Investment Insights

Based on property information with market context.

This 1,238-square-foot residential income property occupies the 38th floor of Olympic Tower and includes two bedrooms and two bathrooms. A complete renovation introduced custom Zebrano wood flooring, Italian Valcucine cabinetry, European appliances, Rimadesio sliding glass partitions, and built-in library walls. The primary suite includes an en-suite Crema Marfil marble bathroom and custom Poliform wardrobes. Central Park and Manhattan skyline views extend from the residence.

Built in 1975, the 51-story Olympic Tower combines commercial space on its lower 21 floors with residential service above. Building amenities include 24-hour concierge service, white-gloved attendants, and security. The property is positioned at Fifth Avenue and 51st Street, directly north of Saint Patrick's Cathedral and near Rockefeller Center, with access to Fifth Avenue shopping, dining, and cultural institutions.

Key Highlights

  • 1,238 SF residence on the 38th floor
  • Two bedrooms and two bathrooms
  • Central Park and Manhattan skyline views

Property Analytics

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Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

85,823
Businesses Nearby

Demographics for 10022, NY

36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Residential income properties in Manhattan, NY

$1,276 Jul
$727 Aug
$650 Sep
$877 Oct

Properties on Market for Residential income properties in Manhattan

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - Renovated high-floor residence with Central Park and Manhattan skyline views, full-service building amenities, and custom European finishes.
Where is this residential income property located?
The property is located at 641 5TH Avenue 38B Manhattan, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 1,238 SF residence on the 38th floor; Two bedrooms and two bathrooms; Central Park and Manhattan skyline views
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