321 Fifth Avenue

The tower is a contemporary curtain-wall design, its facade animated by a stepped, gently bowed crown that distinguishes it on the Fifth Avenue skyline. The full-height glazing is the point: at 41 stories the building delivers light and open-sky exposures that lower neighborhood buildings cannot, and the high floors trade on the Empire State Building view to the north, across Fifth Avenue.

The 250 residences run from studios and one-bedrooms through larger two- and three-bedroom layouts across many distinct lines, so the building offers an unusually varied floor-plan menu for its size. Interiors carry the open kitchens, generous windows, and modern finishes expected of a mid-2000s luxury condo. Exposure and height govern value — high floors with the Empire State outlook, which faces north up Fifth Avenue, carry the building's premium. Confirm the actual view from each apartment.

The building runs as a full-service luxury condominium. A 24-hour doorman and concierge staff the lobby, and the centerpiece is the Fifth Avenue Club, a dedicated amenity floor with an indoor swimming pool, a fitness center, a yoga and aerobics studio, sauna and locker rooms, a screening room, a children's playroom, and a business center — an amenity suite rare for the neighborhood and scaled to the building's 250 households. An on-site parking garage and bicycle storage round out the package.

As a condominium, financing is flexible and not bound by the strict caps common at neighborhood co-ops, and pied-à-terre ownership, subletting, and purchases through trusts or LLCs are permitted under the bylaws — the ownership freedom that draws investors, international buyers, and second-home purchasers to the building. Pets are welcome, subject to the house rules.

Recent sales

Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. Most recent trades (2026 to date) cleared a median $1,490/sf (floor-adjusted) across 6 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 3.7% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00862-7503; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.

This is the building to consider when you want a high-rise condominium with resort-grade amenities and a marquee view, without paying the Fifth-and-Park trophy premium. The condominium structure means no co-op board admission — purchases run through the condominium's application and right-of-first-refusal process — and pied-à-terre ownership is permitted; leasing is permitted with conditions, and financing rules should be confirmed in the declaration and bylaws.

Inside the building, view and height are the decisive variables. Residences with the Empire State Building outlook — north-facing, across Fifth Avenue — are the building's signature product and price accordingly; other exposures offer open light at gentler numbers. Confirm the actual view from each apartment rather than assigning one by line. Check whether recent same-line sales provide adequate comparable evidence for the target unit — we help read those comps and assess renovation condition, which varies across a building of this size and age.

The marketing case is clear: a full-amenity condominium tower facing the Empire State Building, with an indoor pool and fitness club, a garage, and a 24-hour staff — at a price point that reaches a broad buyer pool of trade-up owners, pied-à-terre purchasers, and investors. The building's permissive sublet and ownership posture widens that pool further.

Two factors set the achievable price. First, the specific view and exposure — a high floor with the Empire State outlook is a different (and higher) product than an interior line, and the listing should lead with whatever the residence's outlook actually is. Second, condition — in this 2005 building, document kitchen and bath condition and compare matched sales; updating them does not guarantee a shorter marketing period. Use available same-line sales with adjustments for date, floor, condition and terms, and a condominium resale clears through a right-of-first-refusal rather than a co-op board — a faster, more predictable close that itself appeals to this building's flexibility-minded buyer.

If you're evaluating 321 Fifth Avenue, these nearby Murray Hill and Midtown East buildings make a useful comparison set:

• 14 East 33rd Street — Murray Hill / NoMad-edge building a block north
• 20 East 35th Street — Murray Hill building nearby
• 144 East 36th Street — Murray Hill building to the east
• 325 Lexington Avenue — Murray Hill full-service building
• 50 Park Avenue — Park Avenue building to the east