24 5th Avenue # 1221 Manhattan, NY $ 395,000
24 5th Avenue # 1221
$ 395,000
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24 5th Avenue # 1221

Manhattan, NY, 10011
$ 395,000
Baths1.0 Sq 352

Monthly Estimate*

$ 2,759

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Studio

Single Family Home for sale in Manhattan, NY

for $395,000 with 1 full bath. This 352 square foot home was built in 1926.

Become one with this classic prewar world as first envisioned by the renowned architectural team of Emery Roth & Sons back circa 1924. Before you respond to this offering, please read the details carefully. My firm focuses on an education platform first regarding sales here @ 24 Fifth Avenue. ***Please note, only the professional pics have been posted as of yet. The floorplan is from the same line so pretty close measurement & layout wise as we await the actual floorplan. Also, the video will be posted within the next few days. ***Parents buying with children, gifting and pied-a-terre's are permitted. ***24 Fifth Avenue is a ground lease also known as a land lease with expiration in the year 2087. ***There are sixty-three (63) years remaining on the ground lease. ***NO INVESTORS PERMITTED!!! You must use the apartment for three (3) years before you are able to rent the apartment. At that point, you may be able to sublet the space for three (3) out of the next five (5) years. ***The building is pet friendly. ***This flat has just been painted and repaired and is turnkey. Attention all students & their families. NYU, Cardozo, New School & Parsons: Plenty of time to complete a family purchase of this home and be there for the start of the Fall 2024 Semester but the clock is ticking... Math & Statistics working towards home ownership: If you were going to rent a 24-hour full-service door attendant studio in the heart of Greenwich village, you would be looking @ approximately $3500 per month and that is on the conservative side. Yearly, that equates to $42,000. You multiply that by four (4) years, and you have $168,000. For an extra $227,000, you own it. This formula has been prevalent & enormously successful for many families over my 34 years of sales experience in this building. Supply & Demand: There are 420 units here @ 24 Fifth Avenue. This is one of only five (5) studios available for sale here. Including #1221, that makes five (5) units out of 420 units available. That is less than 1.2% availability. This is a prolific example of how homeowners @ 24 5th Avenue are reluctant to relinquish their stake in this Classic Prewar building. Presenting 24 5th Avenue-Apartment#1221. If value is what you are looking for, you will be impressed by some of the details of this unique offering. Immerse yourself in this classic prewar world as first envisioned by the renowned architectural team of Emery Roth & Sons back circa 1924. You will know you have found your new home as you enjoy traversing 5th avenue as it meets 9th Street, one of the most desirable and central locations in the city. Many New Yorkers refer to this small area of Greenwich Village as the Gold Coast with good reason. As you enter the building, you will be welcomed by a combination of an immense grand lobby that takes you back in time where the roaring 20's was in full swing. There you will be greeted by your full-time door attendant as part of a fully staffed building including porters, property manager and resident superintendent. This building was originally built as the Fifth Avenue Hotel on the site of the famed Brevoort Mansion. Perfect for pied-a-terre or full-time home. The apartment features a quiet northern exposure, hardwood floors, high beamed ceiling, and a large walk-in closet Kitchen: Open to the living room and features all stainless-steel appliances including a dishwasher. Greenwich Village is the nexus of the prime downtown vibe with great access to Washington Square & Union Square Parks, multiple mass transit options, great retail, restaurants, cafes & so much more. One of the building's crown jewels is its state-of-the-art fitness center. The equipment is top quality. Membership is for residents only and a one-year membership starts @ $800 This flat is priced to sell, and we expect heavy interest. If you have a genuine interest, please contact me right away. Your opportunity to own a lovely prewar home in the heart of classic Greenwich Village & just steps to the Washington Square Arch is now.

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Single Family Pending

Price

$ 395,000

Bedrooms

Studio

Full Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Prewar

Year Built

1926

Town/City

Manhattan

County/Region

New York

MLS | Web ID

OLRS0001970969

Features
General
Cooling WindowUnits
Exterior Features BuildingStorage
HOA 1155.0
Architectural Style Prewar
Pets Allowed BuildingYes Yes
Year Built 1926
Unit Number 1221
Property SubType Apartment
Assoc Fee Paid Per Monthly
County NewYork
New Construction No
Property Type Residential
Subdivision Name Greenwich Village
Garage Y/N No
Total Rooms 2
City NewYorkCity
Total Units 0
Street Name 5th
Land Lease Y/N Yes
Virtual Tour https://vimeo.com/942067640?share=copy
Structure Type HighRise
Standard Status Pending
Tax Lot 43
Property Sub Type Additional Apartment
Expected Active Date 2024-04-29
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Interior
Total Stories 21
Air Conditioning Y/N Yes
Window Features NewWindows
Full Baths 1
Half Baths 0
Street Suffix Avenue
Laundry Features CommonArea
Total Bedrooms 0
Entry Level 12
Total Baths 1
Living Area Units SquareFeet
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* Excluded Features
List By
Ken Barkoff

Listing Agent

Barkoff Residential Inc

Broker

(212) 777-3662

Phone

Affordability Calculator

$2,759
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,759
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1503813 Elementary School
1503814 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2024$395,000 Listed Price

Map


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24 5th Avenue # 1221, Manhattan, NY, 10011 is a Single Family Home for sale at $395,000 with 352 sqft. 24 5th Avenue # 1221 is a studio with 1.0 baths and was built in 1926. The property's zip code is 10011 which is in Manhattan, NY