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225 Fifth Avenue Condominium

225 Fifth Avenue
New York, NY 10010
Residential, Sales, Condo, Multifamily

The sponsor(s) filed plans on 10/22/04 for a condo project at 225 Fifth Avenue with 193 residential units. The sponsor(s) were approved to market the units for sale on 04/07/05. TRData has determined that the sponsor(s) have sold more than 80 percent of the sponsor units in the building.

  • Address 225 Fifth Avenue
  • neighborhood Midtown
  • borough Manhattan
  • developer ELAD GROUP
  • owner entity 225 5TH, LLC
  • PLANS DISCLOSED 10/22/2004
  • LIST/LAUNCH SALES 04/07/2005
  • AG Initial Price $ 313,455,000
  • ag file plans 10/22/2004
  • AG FILE Link
  • residential units 193
  • commercial units 2
  • hotel units 0
  • total units 195
  • const. status CONDO COMPLETE
  • block and lot 1-00856-7502
  • BIN 1087263
Condominium Units+
  • Event Financing
  • Address 231 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Publication Date 04/01/2010
  • Event Date 02/20/2010
  • Party 1 Nonprofit developer
  • Party 2 Community Preservation, NYC Department of Housing Preservation, Development
notes
A $5.18 million permanent financing was provided for four buildings at 257 Third Avenue, 115 Columbia Street and 217 50th Street in Brooklyn. The properties have a total of six one-bedrooms, 11 two-bedrooms and two three-bedrooms. The buildings also have one super's unit and five commercial spaces. CPC provided about $1.3 million and HPD provided $3.87 million in loans. 4 apartment buildings, 19 units total.
  • Event Sales
  • Address 225 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 380,000
  • Price $ 111,000,000
  • Price per foot $ 292.11
  • Publication Date 03/01/2004
  • Event Date 01/21/2004
  • Party 1 Green Stamp America, Inc.
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 JV partner w/ Olympus RE, Milestone Group, Murray Hill Prop.
notes
New York Gift Building sold
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