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Status:  Contract Signed


Apt#1221 @ 24 5th Ave @ 9th St on GV''s famed Goldcoast. ,   Apartment  1221

web id:  970969

Apartment Financials:
Price: $395,000 Maintenance: $1,155

Size: Studio Service Level: Full Service
R/B/B: 2/0/1 Ownership: Co-op
SF: 352 Neighborhood: Greenwich Village

Apartment Features:
Dishwasher; WIC; High Ceiling; New Window; Noise Abatement / Thermopane

Exposure / View:
North/ None

Building Features:
This Classic Prewar Drmn Bldg was designed by the Renowned Architectural team of Emery Roth & Sons & Features Renovated Hallways, Restoration of a Classic Lobby,3 New Passenger Elevators,Resident Super, On-Site Mgmt Office, Full Staff of Porters, Laundry, Bike Room & storage. The bldg has just recently launched a Gorgeous & Huge Windowed Gym. The machines are High End type machines you would find in an Equinox type Gym. Membership is discounted and for residents only. 1-3 Yr membership prices range $750-$1688. You can view Digital Pics of the Gym & the lobby right here. The Bldg is on a ground lease thru 2087.

Broker Summary:
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.

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.