Overview

425 Fifth Avenue is a massive sky scraper located on Fifth Avenue between 38th and 39th Streets. The tower is mixed use with retail space, extended-stay residences, and luxurious condominiums. The tower is 56 stories (600 feet) and the facade is a mix of alternating limestone and brick. The building was developed by RFR Holdings and designed by famed architect Miachel Graves. The building has a tall, slender look to it and stands out in the skyline because of its height and positioning in south-midtown Manhattan. The sales office actually opened back in 2001 and sold all the units pretty quickly. However, we’re seeing some of the units coming back on the market now at considerable premiums to the original prices. Some of the upper floors have unique layouts, outdoor space and shocking views. I’ve recently noticed some 1-bedroom apartments listed in the $1-1.5 million range, and 2-bedrooms for $1.5-$2 million. (more…)