- Year built
- 1927
- Type
- Cooperative
- Units
- 180
- Floors
- 27
- Landmark
- Designated
- Pets
- Permitted under cooperative rules (verify specifics at offer stage)
- Subletting
- Verify at offer stage
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $1.4M
- Recent range
- $800K – $5.5M
- Listing discount
- 5.1%
- Recorded transfers
- 197
One Fifth Avenue is the iconic anchor of the Lower Fifth Avenue corridor. Constructed in 1926–27 by Helmle & Corbett in association with Sugarman & Berger, with Harvey Wiley Corbett as chief designer, the 27-story tower was developed as an apartment hotel — a building type that combined residential apartments with hotel services — and operated in that mode for nearly half a century before its 1976 conversion to a cooperative.
Corbett's design produced a building whose architectural register sits at the precise intersection of late-1920s Art Deco and the institutional Manhattan residential tradition. The telescoping setbacks rise from a substantial brick-and-limestone base through a sequence of architectural transitions to a single central tower top — a profile that, viewed from Washington Square Park three blocks to the south, has anchored the southern entry to Lower Fifth Avenue for nearly a century. Village Preservation describes the building as "a defining landmark visible from many spots in the neighborhood."
For buyers, One Fifth represents a particular position within the modern Greenwich Village cooperative market: the most architecturally significant Lower Fifth Avenue address, the most institutional cooperative culture on the corridor, and one of the deepest and most well-documented celebrity-resident registers in downtown Manhattan.
Architecture and unit composition
The building was constructed with approximately 200 hotel apartments — typically two- and three-room configurations with serving pantries rather than full kitchens, reflecting the apartment-hotel operational model that defined the 1920s luxury tier. The cooperative conversion in 1976 reshaped much of the inventory; today the building's unit composition runs from compact studios and one-bedrooms through penthouse-tier combinations and floor-through configurations on the upper stories.
Corbett's interior architectural vocabulary survives in the lobby — a two-story space with original detailing — and in the building's overall structural character. Apartment interiors vary substantially across the building, reflecting fifty years of post-conversion combination, renovation, and design intervention.
Building operations
One Fifth Avenue operates as a full-service cooperative with 24-hour doorman and concierge, live-in superintendent, central laundry room, bike room, and a two-story lobby — the institutional amenity package consistent with the building's apartment-hotel origins. The cooperative culture is, by Lower Fifth Avenue standards, on the institutional and selective end of the spectrum; board policies on financing, subletting, and pied-à-terre use should be confirmed directly with the managing agent during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $24,618/yr
- Per unit / month range
- $0 – $10
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent transfers 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 | vs. Ask |
|---|---|---|---|---|
| Apr 7, 2026 | 12H | 1 BR · 1 BA Closed Apr 1, 2026 (recorded Apr 6) at $1.9M — 2.56% under the $1.95M asking. 12H — 1BR/1BA. **Most recent One Fifth print.** | $1,900,000 | -2.6% |
| Mar 19, 2026 | 2J | 2 BR · 2 BA Closed Mar 16, 2026 (recorded Mar 19) at $1.8M — 2.86% OVER the $1.75M asking. 2J — 2BR/2BA. Premium-to-ask close on lower-floor J-line. | $1,800,000 | +2.9% |
| Mar 11, 2026 | PH18EF | 2 BR · 2 BA Closed Feb 26, 2026 (recorded Mar 10) at $4.5M — 9.09% under the $4.95M asking. PH18EF — penthouse 2BR/2BA. **Substantial 2026 penthouse renegotiation print** at $450K absolute-dollar gap. | $4,500,000 | -9.1% |
| Dec 30, 2025 | 19A | 2 BR · 2 BA Closed Dec 17, 2025 (recorded Dec 24) at $1.725M (recorded transfer). 19A — 2BR/2BA. Upper-floor A-line. | $1,725,000 | -12.7% |
| Dec 4, 2025 | 5GH | 2 BR · 2.5 BA Closed Nov 24, 2025 (recorded Nov 26) at $4.25M — 3.30% under the $4.395M asking. 5GH combined — 2BR/2.5BA. Substantial lower-floor combination. | $4,250,000 | -3.3% |
| Sep 18, 2025 | 5A | 1 BR · 1 BA Closed Sep 11, 2025 (recorded Sep 15) at $800K (recorded transfer). 5A — studio. **K-line / 5A studio cross-cycle frame:** 5K $800K (Feb 2025) → 5A $800K (Sep 2025) — One Fifth's studio tier holding at $800K across 7 months. | $800,000 | off-mkt |
| Aug 22, 2025 | 15H | 1 BR · 1 BA Closed Aug 18, 2025 (recorded Aug 20) at $1.7875M — 7.14% under the $1.925M asking. 15H — 1BR/1BA. | $1,787,500 | -7.1% |
| Jul 7, 2025 | 7GH | 3 BR · 2.5 BA Closed Jun 25, 2025 (recorded Jul 1) at $5.2M — **6.23% OVER the $4.895M asking**. 7GH combined — 3BR/2.5BA. **$305K absolute-dollar premium on a substantial combined unit** — defining mid-2025 demand signal at One Fifth's combination tier. | $5,200,000 | +6.2% |
Market read. Most recent trades (2025) cleared a median $2,196/sf across 1 sale. Median listing discount 4.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Mar 12, 2025 | GF | $1,119,388 |
| Aug 24, 2023 | 15F | $2,250,000 |
| Apr 15, 2022 | 1A | $675,000 |
| Dec 30, 2021 | 10E | $1,485,000 |
| Dec 2, 2021 | 3K | $1,100,000 |
| Nov 5, 2021 | 3H | $1,300,000 |
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 1-00550-0022) 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.
What to know if you’re buying
The architectural pedigree is the structural feature. Corbett's 1927 Art Deco design is among the most consequential downtown towers of the late-1920s building cycle and the most architecturally significant address on Lower Fifth Avenue.
The cooperative culture is institutional. The board's selectivity is consistent with the building's significance and the depth of the celebrity register. Buyers should plan for a substantive board review process.
The apartment inventory is heterogeneous. Combinations and renovations have produced significant unit-to-unit variation; pricing requires apartment-specific comparable analysis.
The Greenwich Village Historic District streetscape is protected. Exterior alterations are subject to LPC review; the surrounding context is structurally protected.
Confirm specifics directly with management. Pet policy, pied-à-terre permissions, subletting framework, financing percentages, and flip-tax structure should all be confirmed against the offering plan and current board policies during due diligence.
What to know if you’re selling
Marketing should emphasize the architectural and cultural pedigree. Corbett 1927 Art Deco, the building's celebrity register, the geographic position at the southern entry to Lower Fifth Avenue.
Pricing requires apartment-level comparable analysis. The unit-to-unit variation is substantial; recent comparables on the specific apartment line, exposure, and configuration should anchor the marketing approach.
Closing timelines are cooperative-standard. Plan for 60–90 days from contract through board approval to closing.
Comparable buildings
If you're considering One Fifth Avenue, also evaluate:
- 45 Fifth Avenue — Sugarman & Berger 1925; corridor peer; boutique-scale one-bedroom prewar
- The Brevoort (11 Fifth Avenue) — Boak & Raad 1955; mid-century full-service peer
- 24 Fifth Avenue — Emery Roth 1926; corridor peer; Brodsky-managed
- 15 Central Park West — Stern 2008; uptown trophy condominium peer
- The Greenwich Lane — DDG 2015; Greenwich Village new-construction trophy
- 150 Charles Street — West Village trophy condominium
The Roebling Team at One Fifth Avenue
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 One Fifth Avenue buyers and sellers deserve building-specific intelligence — architectural attribution, board context, apartment-line comparable analysis — not generic neighborhood commentary.
If you're considering a purchase or sale at One Fifth, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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