21 days on rocket

Sale Pending

24 5th Ave Unit 1221, New York City, NY, 10011

$395,000

Home List Price

$4,691*

Closing Credit

1 Full Bath
352 SqFt
$1,122/SqFt
Condo
Schools Nearby

Location

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24 5th Ave Unit 1221, New York$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

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Property Highlights

Home TypeStock Cooperative
Year Built1926
CoolingWindow Unit(s)
MLS #OLRS-0001970969
StatusSale Pending

About 24 5th Ave Unit 1221

Become one with this classic prewar world as first envisioned by the renowned architectural team of Emery Roth & Sons back circa 1924. <br><br>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. <br><br>***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. <br>***Parents buying with children, gifting and pied-a-terre's are permitted. <br>***24 Fifth Avenue is a ground lease also known as a land lease with expiration in the year 2087. <br>***There are sixty-three (63) years remaining on the ground lease. <br>***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. <br>***The building is pet friendly. <br>***This flat has just been painted and repaired and is turnkey. <br><br>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... <br><br>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. <br><br>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. <br><br>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. <br><br>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. <br><br>Perfect for pied-a-terre or full-time home. <br><br>The apartment features a quiet northern exposure, hardwood floors, high beamed ceiling, and a large walk-in closet <br><br>Kitchen: Open to the living room and features all stainless-steel appliances including a dishwasher. <br><br>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. <br><br>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 <br><br>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.

Property Details

Property Features

Property Information:

  • Architectural Style: Prewar
  • Year Built: 1926
  • Living Area: 352 SqFt

Listing Office:

  • Office Name: Barkoff Residential Inc
  • Office Phone: (212) 777-3662
  • Listing Agent: Ken Barkoff
  • Agent Phone: (212) 777-3662

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

  • Exterior: Building Storage

Utilities

Utilities Information:

  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $395,000
  • Price Per SqFt: $1,122/SqFt

HOA Fees:

  • Amount: $1155
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$849.1K

Med. Price/SqFt

$639

Avg. Days On Market

96

# of Sold Homes

1674

24 5th Ave Unit 1221 vs New York

21 DAYS ON ROCKET

-75 Days

$395,000

-$454.1K Less

$1,122/SqFt

+$482 More

KEY TAKEAWAY

This property is $454.1K less than the Median Sold Price and $482/SqFt more than other homes in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #OLRS-0001970969

Listing Office:

  • Office Name: Barkoff Residential Inc
  • Office Phone: (212) 777-3662
  • Listing Agent: Ken Barkoff
  • Agent Phone: (212) 777-3662

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/20/2024, 8:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,194

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4535555
9
/10
  • PS 41 Greenwich Village

  • 116 W 11th St

  • 0.24 miles

  • Public District Grades PK-5

school-card-donut-4535556
9
/10
  • Success Academy Charter School-Union Square

  • 40 Irving Pl

  • 0.49 miles

  • Public Charter Grades KG-1

school-card-donut-4535557
5
/10
  • PS 3 Charrette School

  • 490 Hudson St

  • 0.52 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $164,123. The most common annual income of people living in New York, NY is $200k+. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 24 5th Ave Unit 1221

What is the listing price of this property?

The listing price of 24 5th Ave Unit 1221 property is $395,000.

What type of property is this?

The property 24 5th Ave Unit 1221 is a condo located in New York City, New York, 10011.

Is this property for sale now?

Sale Pending: 24 5th Ave Unit 1221 is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

How many bedrooms and bathrooms does this property have?

The property at 24 5th Ave Unit 1221 has 1 bathroom..

What is the square footage of this property?

The property 24 5th Ave Unit 1221 is 352 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 24 5th Ave Unit 1221 is 1926.

Rocket HomesNew YorkNew York1001124 5th Ave Unit 1221

This home is located at 24 5th Ave Unit 1221 in New York City, NY and zip code 10011 in the Greenwich Village neighborhood. This 352 square foot home was built in 1926. Features: 1 bathroom. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $395,000.

Over 168 listings were sold over their listed price in April 2024 in New York, NY. In the same period over 748 listings were sold below the listed price and 758 listings were sold for the listed price. The inventory of homes for sale in New York, NY between March 2024 and April 2024 increased by 3.8%. While the average time on the market in April 2024 was 96 days, the median list price was $849,191.

From Rocket Homes Real Estate and based on county public records data.

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