- Year built
- 2003
- Type
- Condominium
- Units
- 81
- Floors
- 55
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,338
- Listing discount
- 3.8%
- Recorded sales
- 297
- On record
- 2003–2026
425 Fifth Avenue is one of Midtown's more architecturally distinctive residential towers of the early-2000s condominium wave — and one of the more prominent New York residential commissions of Michael Graves. Its design carries an unusual history: the tower was originally designed in 1998 by Robert A.M. Stern, who withdrew from the project in 2001, at which point Michael Graves took over and produced the built design — a limestone-and-white-glazed-brick tower rising approximately 618 feet at the northeast corner of Fifth Avenue and West 38th Street, on the Midtown / Murray Hill border, across from the former Lord & Taylor and steps from Bryant Park, the New York Public Library, and Grand Central.
The building pairs a trophy Fifth Avenue address with one of the deeper amenity packages of its era — a two-floor health club with an indoor lap pool, a screening room, and a Fifth Avenue sun terrace — at a price point below the Billionaires' Row supertalls to the north. Its buyer pool spans primary residents, pied-à-terre buyers, and investors drawn to the amenity set and the address.
Architecture and unit composition
425 Fifth is a mixed-use tower: retail and office at the base, and a stack of residences above. The Graves design uses limestone and white glazed-brick columns to give the tower a vertical, ordered expression distinct from the all-glass towers of the same period. Panoramic views — of the Empire State Building, Bryant Park, the harbor, and the rivers — open up from roughly the 18th floor.
The condominium contains approximately 81 for-sale apartments on the upper floors, with small floor plates and only a handful of units per floor. Historically, the building's program also included the extended-stay "Envoy Club" long-stay residences on a band of lower floors — which is why unit counts for the building vary widely across public sources depending on whether the extended-stay component is included; the for-sale condominium proper is the roughly 81-apartment upper stack.
Unit finishes are consistent with the high end of the 2004 new-construction tier: wood floors, tall windows, cherry cabinetry, black granite counters, stainless appliances, marble baths with soaking tubs, in-unit washer/dryers, and individual central-air climate control.
Building operations
425 Fifth operates as a full-service condominium with a 23–24-hour doorman and concierge, a live-in resident manager, and an unusually deep amenity program for its size — the two-floor "Fifth Avenue Club" (indoor heated lap pool, TechnoGym fitness center, sauna, steam room, treatment rooms), a private cinema, a residents' lounge, a business and conference center, a children's playroom, and a wraparound Fifth Avenue sun terrace, plus a full-service on-site garage.
That amenity depth carries a corresponding cost: common charges reflect the staffing and the health-club operation. Buyers should model the full monthly carry and review the offering plan, current financial statements, and reserve study during due diligence.
Recent sales
Recent trading at 425 Fifth has run across studios through three-bedrooms, with price-per-square-foot in the range typical of a full-amenity, well-located Fifth Avenue condominium of its vintage — below the Billionaires' Row supertalls to the north and above the corridor's older post-war conversions, reflecting the amenity depth, the address, and the high-floor view profile. Higher-floor units with open views command a clear premium within the building.
Because the building's small floor plates produce a limited number of comparable apartments per line, pricing is best assessed against genuinely comparable units — matched for floor, exposure, and renovation condition — and against the broader Fifth Avenue and Midtown full-amenity condominium set.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 29, 2026 | 57B | 1 BA · 516 sf | $842,500 | $1,633/sf | -0.9% |
| May 28, 2026 | 21A | 1 BR · 1 BA · 880 sf | $920,000 | $1,045/sf | -6.9% |
| Mar 19, 2026 | 57A | 2 BR · 2 BA · 1,203 sf | $1,950,000 | $1,621/sf | -11.2% |
| Feb 17, 2026 | 22F | 1 BR · 1 BA · 846 sf | $1,095,000 | $1,294/sf | -4.8% |
| Sep 23, 2025 | 19A | 1 BR · 1 BA · 880 sf | $1,130,000 | $1,284/sf | -4.9% |
| Sep 5, 2025 | 40A | 1 BR · 1.5 BA · 953 sf | $1,187,500 | $1,246/sf | -10.4% |
| Jul 9, 2025 | 24C | 5 BR · 1 BA · 590 sf | $850,000 | $1,441/sf | -2.9% |
| Oct 24, 2024 | 45D | 1 BR · 1.5 BA · 980 sf | $1,355,000 | $1,383/sf | -3.1% |
Market read. Most recent trades (2026) cleared a median $1,338/sf across 4 sales. Median listing discount 3.8% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00868-7503) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
What to know if you’re buying
The amenity package is a genuine differentiator — and a cost. The two-floor health club with a lap pool is unusual for a building of this size. Model the common charges that support it.
View altitude drives value. Open views begin around the 18th floor; the premium for high-floor, open-exposure units is real. View the specific apartment's exposures in person.
Condo flexibility is real. Right of first refusal rather than co-op board approval; pied-à-terre and investor use permitted; 20% minimum down payment; pets permitted.
Mansion tax may apply at larger units. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Lead with the amenity floor and the Fifth Avenue address. The pool, health club, and sun terrace are the building's signature and should anchor the marketing.
High-floor units market on views. For open-exposure apartments, view documentation is central.
Price against a small comparable set. With limited units per line, comparable selection matters; position against genuinely matched apartments.
Closing timelines are condo-fast. 30–45 days from contract to closing is typical.
Comparable buildings
If you're considering 425 Fifth Avenue, also evaluate:
- 80 Park Avenue — nearby 1950s Park Avenue conversion condominium; lower amenity, lower price
- 45 Park Avenue — 2007 new-construction Murray Hill condominium with deeded parking
- 400 Fifth Avenue — Fifth Avenue condominium above a hotel; a full-amenity peer to the north
The Roebling Team at 425 Fifth Avenue
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market — including the Fifth Avenue and Midtown full-amenity condominium tier. We publish this building profile because buyers and sellers deserve building-specific intelligence — architecture, amenity economics, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 425 Fifth Avenue, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Fifth Avenue — read The Roebling Team Guide to Fifth Avenue.
Get the full picture on this building.
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