5th On The Park

5th On The Park is a condo located 1485 5th Avenue, in East Harlem, New York. The building was first built in 2007 and is 17 years old. The lot that the building was built on is 202 feet wide and 133 feet long. The official lot area is listed as 26,773 square feet. The building itself is 174 feet wide and 123 feet long. In total, 1485 5th Avenue has a total floor area of 355,544 square feet. Of that, 265,691 square feet are used for residential purposes. About 89,853 square feet of the building are used for commercial purposes. Additionally, the building has a 38,753 square feet garage. There are a total of 359 units. Of those, 206 are residential units. There are 153 commercial units. 1485 5th Avenue has a total of 30 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 254 closings on record, of which we have matching data for 47 listings. In the past 3 years, a listing in this building will typically remain on the market for about 131 days and tend to sell above the original asking price of $1,200,000 by 0.06%. Meaning, listings tend to sell at a median of $1,061 price per square foot. The transaction that took the longest to complete was unit 24E, listed on Dec 03, 2013 for $1,995,000. This particular unit ultimately sold 357 days later for $0. The most recent transaction was for unit 23A, which was first advertised on Apr 11, 2023, sold for $995,000 on Jan 24, 2024. Fun fact, the oldest transaction we have on record took place on Mar 30, 2009. See the full transaction history for 5th On The Park below.

East Harlem, where 1485 5th Avenue is located, has a median asking price of $1,650,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,200,000. For interested buyers, that means the building's median asking price is around 0.27% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 4 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $2,750,000. It is a 2,876 sqft 4 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $635,000. It is a 573 sqft studio and 1 bathroom unit. A breakdown of active listings shows 1 studio, 1 one-bedroom, 1 two-bedroom, no three-bedroom, and 1 four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,017,000. Collectively, the median square footage of these active units for sale is 994 sqft. Active units for sale at 1485 5th Avenue are mostly 1.5-bedroom apartments Active units for sale at 1485 5th Avenue have a median count of 1.5 bedrooms and have a median count of 1.5 bathrooms.