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Status:  Sold


Apt#1228 @ 24 5th Ave @ 9th Street ,   Apartment  1228

web id:  2032356

Apartment Financials:
Price: $400,000 Maintenance: $1,114

Size: Studio Service Level: Full Service
R/B/B: 2/0/1 Ownership: Co-op
SF: 375 Neighborhood: Greenwich Village

Apartment Features:
Pullman Kitchen; WIC; High Ceiling; Wood Floors; New Window; Noise Abatement / Thermopane

Exposure / View:
North; East/ Open

Building Features:
Pre-war; Bike Room; Health Club For A Fee; Laundry Room; Valet; Private Storage.

Broker Summary:
Before you respond to this offering, please read the details carefully. My firm focuses on an education platform first with regard to 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 the year 2087.
***There are sixty-four (64) 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.

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 2023 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 $3500 per month. Yearly, that equates to $42,000. You multiply that by four (4) years, and you have $168,000. For an extra $232,000, you own it. This formula has been prevalent & enormously successful for many families over my 33 years of sales experience in this building.

Supply & Demand: There are 420 units here @ 24 Fifth Avenue. This is one of only two (2) studios available for sale here and there are another three (3) one bed units available. Including #1228, 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.

The 28 line is one of the largest studio lines @ 24 5th Ave. It very rarely comes available for sale. Presenting 24 5th Avenue-Apartment#1228. Enjoy high floor living on the 12th floor of this beautiful 17 story building. 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, 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 current owners have put close to $10,000 worth of cosmetic renovations into this space. They include refinishing of the hardwood floors, entire apt painted in Benjamin Moore White and the bathtub reglazed so this flat is in turnkey condition. You can close on it and can move right in.

Apartment features an incredible quiet Empire State Building View as the heart of this offering. Also includes the newly refinished hardwood floors, high beamed ceiling, angled windows with quiet north/eastern exposure with an extensive city view that includes ESB and plenty of bright sky. Large walk-in closet with closet system that resembles the Elfa closet system. The shelves are adjustable to your preference!

Kitchen: Small & separate features a Summit Stainless steel 1/2 fridge. It also had a full oven with 4 burners.

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. 1-3 Year membership prices range $750-$1688.

This apt hasn't been available for sale in over 30 yrs. I do not expect this offering to last long, if you have an 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.

Contact Information:

Name Ken Barkoff
Phone 212-777-3662
E-mail barkoffre@aol.com

All information furnished herein is from sources deemed reliable.  No representation is made by Barkoff Residential nor is any to be implied as to the accuracy thereof and all information is submitted subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice.  All dimensions are approximate.  For exact dimensions, please hire your own architect or engineer.