641 5th Avenue #49CDE, New York City, NY 10022
Listing Courtesy of Compass
$34,000,000
Potential Rebate: $510,000
Overview
A Vertical Compound Offering Five (5) Gracious Homes are now available for sale within the iconic Olympic Tower Condominium located at 641 Fifth Avenue.
Ideal for a corporate CEO, international mogul, celebrity, or anyone who lives a luxurious lifestyle demanding the utmost discretion and security. Five Homes to choose where you and your guests can stay.
Designed to capture the majesty of NYC, Olympic Tower was built as a wall of glass with 9’ floor-to-ceiling windows in each unit providing brilliant natural light and fabulous views from every room.
Residence 49CDE is a sprawling 5,250 , 10+-room home with 4-5 bedrooms, 4 full baths, and captivating panoramic views of NYC from walls of windows throughout. Here you’ll enjoy a front-row seat to Manhattan, spanning river to river, encompassing iconic NY landmarks, from Central Park, St. Patrick’s Cathedral and Rockefeller Center to the Empire State Building, all the way down to Freedom Tower.
Two grand living and dining rooms with northern and southern exposures showcase the breathtaking NYC landscape in both directions and provide a perfect backdrop for entertaining.
Tailored to the chef is a spacious streamlined kitchen styled with top-of-the-line stainless steel appliances, abundant cabinetry, and a breakfast area with a stunning eastern view out to Long Island.
Your oversized primary bedroom suite features 2 large fully-outfitted closets with custom cabinetry, shelving & built in drawers. The grand en-suite spa bath is clad in travertine, marble and porcelain, with dual vanities, a soaking tub, glass-enclosed shower, and private water closet with sink. Further indulging you are the amazing vistas stretching north over Central Park, west to NJ past the Hudson River, and east to Long Island beyond the East River. Within the primary retreat is a second fully-equipped marble kitchen for late night snacking or morning coffee with its own service entrance, premium appliances, and Bosch washer/dryer.
Graciously proportioned Bedroom 2 is accessed via a long private hall lined with custom smoke glass-faced closets, and complemented by an elegant en-suite bath. Bedroom 3 is also en-suite with a shower bath, and custom floor-to ceiling closets & cabinetry. Bedroom 4 is currently used as an office, with custom wood cabinets concealing a Murphy bed. A multi-camera security system and discreetly marked doors as part of a luxury hallway additionally reflect the privacy, discretion and quality one can expect at Olympic Tower. For the wine enthusiast is a generous storage room with a 100+ bottle Sub-Zero wine cooler, plus lots of room for luggage and large items.
This glamorous home will appeal to the most discerning families, corporate leaders, or those seeking an incomparable exclusive lifestyle.
OTHER UNITS : high caliber finishes
31G: 1575 sq ft A spacious 2 bedroom 2 bath apartment with extraordinary views directly over St. Patrick’s Cathedral, facing south down Fifth Avenue for as far as the eye can see.
33C: 1325 sq ft A stunning one-bedroom with floor-to-ceiling windows framing views rarely seen.
31B:1275 sq ft Another lovely one-bedroom, fully outfitted for family members or business associates visiting NY with awe-inspiring views.
23D1 600 sq ft An exquisite custom wood-paneled studio, larger than most one-bedrooms, complete with a Murphy bed, custom cabinetry, a fully outfitted kitchen and bath with marble counters, wood-paneled office alcove and large closet.
Amenities are simply unrivaled. Full staff are on hand 24 hours a day, with most fluent in many languages. There is a gym, barber and fitness center, and in the event of a severe power outage, a backup power system.
This offering diversifies one's portfolio and provides multiple opportunities for the savvy business person.
Take a look at the various floor plans and our lifestyle video to gain a full understanding of this one of a kind opportunity.
https://nypost.com/2023/08/24/five-unit-portfolio-at
Home Features
- •Central Air
- •Central
- •Common On Floor
- •Common Area
- •Valet
- •Bidet
- •Chandelier
- •Double Vanity
Building Amenities
- •Valet
Estimated Monthly Payment
$203,278 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$510,000
Monthly savings impact
$1,417/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS10971213
Price Analysis
Compare average listing prices and value metrics for 641 5th Avenue against the surrounding Midtown East market.
Average List Price
Price Per SqFt
0.26% Higher
than the Midtown East price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Midtown East.
Midtown East
Overview of Midtown East
Midtown East is one of the most dynamic and accessible neighborhoods in Manhattan, offering a unique blend of corporate power, diplomatic significance, and residential luxury. Located in the heart of New York City, this area encompasses landmark districts like Turtle Bay, Sutton Place, and the United Nations corridor. For those considering Midtown East Manhattan real estate, the neighborhood presents a compelling mix of convenience and prestige.
Living in Midtown East, Manhattan means being at the center of the world's commercial activity while enjoying surprisingly quiet residential pockets. The area is defined by its iconic skyline, featuring the Chrysler Building and the MetLife Building, yet street level reveals a different character with tree-lined blocks, pocket parks, and diplomatic missions. It is a true Manhattan NYC neighborhood that serves as a global business hub by day and a sophisticated residential community by night.
Real Estate & Housing Market
The market for homes for sale in Midtown East is diverse, ranging from post-war luxury co-ops to stunning pre-war condos. Real estate here often attracts professionals who want to eliminate their commute, as well as diplomats and foreign buyers drawn to the proximity of the UN. You will find a significant number of full-service buildings with doormen, gyms, and concierge services, making it a high-convenience options for busy urbanites.
Investment potential in Midtown East remains strong due to its central location and the ongoing East Midtown Rezoning, which is modernizing the office stock and bringing new energy to the area. Whether you are looking for a pied-à-terre near Grand Central or a sprawling family apartment in Sutton Place, the housing stock offers value compared to the soaring prices of downtown Manhattan.
Lifestyle & Community
The lifestyle in Midtown East is one of unparalleled convenience. Residents enjoy a walkable community with everything from Michelin-starred dining to essential services like Whole Foods and Morton Williams within blocks. The area has a more polished, established feel than the trendy downtown neighborhoods. It is less about nightlife/clubbing and more about sophisticated dining, rooftop lounges, and cultural institutions.
Community life is influenced by the international presence of the United Nations, giving the neighborhood a cosmopolitan flair. You will hear diverse languages and find diverse diplomatic residents. Weekends are noticeably quieter than weekdays, giving residents a chance to reclaim their streets and enjoy a more relaxed pace of life in the big city.
Transportation & Accessibility
Midtown East boasts some of the best transportation infrastructure in the entire city. Anchored by Grand Central Terminal, residents have immediate access to the 4, 5, 6, 7, and S subway lines, as well as Metro-North Railroad for easy getaways to Westchester and Connecticut. The expansion of the LIRR to Grand Central Madison has further connected the neighborhood to Long Island and Queens.
Getting around is seamless. The bus network is extensive, with crosstown options on 42nd, 49th/50th, and 57th Streets. For those who drive, the FDR Drive provides quick access to the rest of the boroughs and airports. The neighborhood's walkability to major corporate headquarters on Park and Madison Avenues is a primary draw for residents.
Parks, Schools & Amenities
While often thought of as a concrete jungle, Midtown East offers lovely green spaces. Bryant Park is nearby, and smaller gems like Greenacre Park and Dag Hammarskjöld Plaza provide tranquil retreats with waterfalls and seating. The East River Esplanade offers waterfront running and biking paths with stunning views of Queens and Brooklyn.
Schools in the area include high-performing public options and prestigious private schools. Amenities are top-tier, with world-class gyms, luxury spas, and cultural landmarks like the Morgan Library and Museum nearby. The shopping is unparalleled, from the flagships of Fifth Avenue to the boutique shops of Madison Avenue.
Who This Neighborhood Is Best For
Midtown East is best for corporate professionals, diplomats, and pied-à-terre buyers who prioritize convenience, safety, and building services. It is also an excellent choice for frequent travelers who need easy access to Grand Central.
