- Year built
- 1926
- Type
- Cooperative
- Units
- 419
- Floors
- 15
- Landmark
- Designated
- Pets
- **Pets allowed**
- Subletting
- **Permitted: 3 of every 5 years after 3 years of primary residency**
- Pied-à-terre
- Allowed
24 Fifth Avenue is the largest cooperative on Lower Fifth Avenue and the corridor's most architecturally consequential Emery Roth commission. The building was constructed in 1926 by the New York Fifth Avenue Hotel Corp. on the site of the demolished Brevoort Mansion — the same architectural shift that would transform the corridor over the following four years as the great prewar cooperative apartment houses replaced the corridor's 19th-century mansion-and-rowhouse fabric.
The building opened in 1926 as the Fifth Avenue Hotel and operated as a hotel through the mid-20th century before its conversion to cooperative ownership. The hotel-era origin defines the building's current unit composition: many of the 419 apartments are compact studios and junior 1-bedrooms — apartments originally built as hotel rooms with serving pantries rather than full kitchens. The smaller-unit-dominant composition produces a structurally distinct position in the corridor: 24 Fifth offers the most accessible price points among Lower Fifth Avenue prewar cooperatives, materially below the larger one-and-two-bedroom configurations that dominate the corridor's other buildings.
Roth's Neo-Gothic / Renaissance Revival facade is articulated by the bronze canopy entrance — described by CityRealty as "perhaps the most impressive on this residential stretch" — and by the 1926 Spanish Renaissance painted lobby that was restored by Evergreene Architectural Arts in 2008. The architectural fabric, the lobby decoration, and the broader institutional scale of the building distinguish 24 Fifth from the smaller boutique cooperatives on the corridor.
The cooperative is managed by The Brodsky Organization — a long-running Manhattan real estate operator — and operates some apartments as rentals, a structural arrangement that is unusual within the Lower Fifth Avenue cooperative market and that produces a meaningfully more permissive operational framework than the typical prewar cooperative norm.
For buyers, 24 Fifth represents the most accessible price-point entry to the Lower Fifth Avenue Gold Coast corridor, with the trade-off being the smaller-unit-dominant inventory and the institutional scale of a 419-residence building.
Architecture and unit composition
Roth's 1926 design produced a building substantially larger than the surrounding boutique prewar cooperatives — 15 stories and 419 units, a scale that reflects the building's hotel-era origin and that produces a fundamentally different operational and residential character than the corridor's smaller peers. Apartments range from studios through combined-unit configurations; combined and renovated units (Unit PH1701, for example, has closed at $8,500,000) occupy a separate pricing tier substantially above the building's average.
The Spanish Renaissance painted lobby is one of the most ornate cooperative lobbies in downtown Manhattan. The 2008 Evergreene Architectural Arts restoration returned the lobby to a state consistent with the 1926 specification.
Building operations
24 Fifth Avenue operates as a Brodsky-managed cooperative with full-time doorman, concierge, live-in superintendent, porters, fitness center, on-site laundry room, and storage facilities. The cooperative policy framework — pets allowed, pied-à-terres permitted, gifting and parents-buying-for-children allowed, subletting permitted after three years of primary residency on a 3-of-every-5-years basis — is materially more permissive than the typical Lower Fifth Avenue cooperative.
Brodsky's operational role — including the offering of some apartments as rentals within the cooperative structure — produces a residential character that combines cooperative ownership with rental-building services and operational flexibility.
Recent sales
Recent closed sales at 24 Fifth Avenue (replace with current ACRIS data at the time of marketing):
- Unit PH1701 — closed at $8,500,000 (date not specified in source materials; verify against ACRIS)
Building-level averages have run approximately $1,164 per square foot across recent transaction windows — reflecting the studio-and-junior-1-bedroom-dominant composition. Combined units occupy a substantially higher pricing tier.
What to know if you’re buying
The 419-unit scale and the hotel-era unit composition are structural. Most apartments are compact studios and junior 1-bedrooms — the right inventory for buyers prioritizing the Lower Fifth Avenue address at accessible price points, the wrong inventory for buyers seeking the larger classic-six and classic-seven configurations.
The policy framework is unusually permissive. Pets, pied-à-terres, gifting, parents-buying-for-children, and 3-of-every-5-years subletting after a 3-year residency requirement — combined — produce one of the most flexible policy registers on Lower Fifth Avenue.
Brodsky management is the operational baseline. The institutional management structure produces consistent building services and operational reliability; verify current operational specifics directly during due diligence.
The 2008 Spanish Renaissance lobby restoration is a meaningful architectural detail. Evergreene Architectural Arts' work on the lobby is among the highest-quality cooperative-lobby restorations in downtown Manhattan.
Greenwich Village Historic District protection applies. The 1926 Emery Roth facade, the bronze canopy, and the broader streetscape are protected by LPC designation.
What to know if you’re selling
Marketing should emphasize the architectural pedigree and the policy flexibility. Emery Roth 1926, the Spanish Renaissance lobby, the Brodsky management, and the unusually permissive cooperative policies.
Pricing requires apartment-level comparable analysis. The wide range of unit configurations — from compact studios to combined penthouses — produces significant pricing variation; recent comparables on the specific unit type should anchor positioning.
Closing timelines are cooperative-standard. Plan for 60–90 days from contract through approval to closing.
Comparable buildings
If you're considering 24 Fifth Avenue, also evaluate:
- One Fifth Avenue — Corbett 1927; corridor anchor
- The Brevoort (11 Fifth Avenue) — Boak & Raad 1955; full-service postwar peer
- 45 Fifth Avenue — Sugarman & Berger 1925; boutique prewar peer
- 2 Fifth Avenue — Emery Roth & Sons 1951–52; Washington Square North position
- 25 Fifth Avenue — only prewar condominium on the corridor; financing and sublet flexibility comparable
The Roebling Team at 24 Fifth Avenue (originally The Fifth Avenue Hotel)
The Roebling Team at Compass works the Lower Fifth Avenue corridor as part of our broader Park-facing Manhattan practice. We publish this building profile because 24 Fifth buyers and sellers deserve building-specific intelligence — architectural attribution, board context, apartment-line comparable analysis — not generic neighborhood commentary.