24 Fifth Avenue, #528, New York (Greenwich Village), NY, 10011 | $400,000

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.

***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 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.
***Please note the FURNISHED PICS are not virtually staged, this is actually how the flat looks now thanks to a couple of very stylish tenants.

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 Winter 2025 Semester but the clock is ticking.

Math & Statistics working towards home ownership: If you were going to rent a 24-hour full-service doorman studio in the heart of Greenwich village, you would be looking @ approximately anywhere from $3500-$4000 per month. That equates to anywhere from $42, 000-$48, 000 annually. You multiply that by four (4) years, and you have anywhere from $168, 000-$192, 000 you have paid for rent with an average of $180, 000. For approximately an extra an average of $220, 000, you own it! That's if you pay purchase it "All Cash"! 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 the only studio available for sale here as of the date of this posting out of approximately 420 units. This is a prolific example of how homeowners @ 24 5th Avenue are reluctant to relinquish their stake in this Classic Full Service Prewar 24 Hour Doorman Building.

Presenting 24 5th Avenue-Apartment#528. 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, arguably 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 fulltime doorman as part of a fully staffed building including porters, on-site property manager(M-F) 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. This flat has been gut renovated and is in turnkey condition. You can close on it and can move right in.

Apartment features a quiet exposure with a partial Empire State Building View. Includes hardwood floors, high beamed ceiling, angled windows w/ quiet north/eastern exposure and large walk-in closet.

Kitchen: 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 which does come with an extra cost albeit a very reasonable $750 per year. Its also boasts one of the most sought after brunch spots downtown, Claudette.

Features