Olympic Tower
641 Fifth Avenue
A Fifth Avenue Icon Since 1974
Olympic Tower — Manhattan's Original Luxury Condominium
Olympic Tower at 641 Fifth Avenue is a 51-story residential landmark directly across from St. Patrick's Cathedral and steps from Rockefeller Center. Designed by Skidmore, Owings & Merrill and completed in 1974, it was among the first luxury condominium buildings in Manhattan.
The tower's upper 29 floors contain 225 residences with 9-foot ceilings, floor-to-ceiling windows, and sweeping views of Central Park, the East River, and the Midtown skyline.
Olympic Tower at a Glance
641 Fifth Avenue, New York, NY 10022
Arlen Realty & Olympic Airways
Skidmore, Owings & Merrill
1974
225
51
Condominium
Midtown East
Olympic Tower Condos for Sale
Why Buyers Choose Olympic Tower
Irreplaceable Fifth Avenue Address
641 Fifth Avenue, directly across from St. Patrick's Cathedral.
Value vs. New Construction
Fifth Avenue living at a fraction of newer development pricing.
Condominium Flexibility
No co-op board, 24-hour doorman and concierge.
Iconic Architecture & Views
9-foot ceilings, floor-to-ceiling windows, panoramic views.
Our Take on Olympic Tower
Olympic Tower is for serious buyers who focus on address, value, and flexibility. At 641 Fifth Avenue, you are at the absolute center of Midtown.
Olympic Tower rewards renovation. The best apartments have been reimagined by owners and trade well below comparable newer buildings.
Condominium structure means no co-op board — a major advantage for international buyers and investors.
Market Position
One of the original Fifth Avenue condominiums. Address at 641 Fifth Avenue is irreplaceable.
Significantly lower price-per-sqft than newer towers with the same prestige address.
Investment Perspective
Irreplaceable Fifth Avenue address ensures consistent demand.
Condominium structure: faster transactions, no subletting restrictions, broader buyer eligibility.
Buyer Profile
International Buyers Welcome
Foreign nationals can purchase condominiums in Manhattan with no visa or residency requirements. Many international buyers use LLCs for privacy and estate planning. Manhattan Miami specializes in guiding international buyers through the acquisition process, from financing options to closing procedures.
Read Our International Buyer Guide →About Olympic Tower
Olympic Tower at 641 Fifth Avenue is a 51-story mixed-use condominium between East 51st and 52nd Streets in Midtown Manhattan. Designed by Skidmore, Owings & Merrill in the International Style and developed by Aristotle Onassis's Olympic Airways in partnership with Arlen Realty, the building was completed in 1974 as the first skyscraper constructed under the city's special Fifth Avenue zoning district. The tower contains 225 condominium residences on its upper 29 floors, with office space and retail below, and holds the distinction of being one of the earliest luxury condominium buildings in Manhattan.
Our team at Manhattan Miami works with buyers drawn to Olympic Tower for its irreplaceable Fifth Avenue address — directly across from St. Patrick's Cathedral, steps from Rockefeller Center, and at the center of Manhattan's premier shopping corridor. The building was designed with 9-foot ceilings and floor-to-ceiling windows that were ahead of their time in the 1970s, and the views from upper floors encompass Central Park, the East River, and the full Midtown skyline. Many residences have been extensively renovated by their owners over the decades, offering the opportunity to find beautifully customized apartments at prices well below newer Fifth Avenue developments.
Building services include a 24-hour doorman and concierge, elevator attendants, a state-of-the-art fitness center, bike storage, laundry facilities, and emergency electrical backup systems. The ground-floor public atrium, Olympic Place, connects the 51st and 52nd Street facades and features a recently renovated great hall with 30-foot ceilings, green walls, and a circadian lighting system — a modern cultural hub that enhances the building's street presence.
Olympic Tower appeals to a specific buyer: someone who values a trophy Fifth Avenue address, proximity to Midtown's finest cultural and commercial offerings, and the prestige of a building with genuine architectural and historical significance. The building has maintained an international ownership base since its inception, and its combination of location, views, and service remains compelling nearly fifty years after completion. Our team can provide current availability and arrange private viewings.
Explore luxury condos in New York City or view Billionaires' Row for ultra-luxury developments. For international buyers, see our NYC guide for foreign purchasers.
Available Residences
Currently available at Olympic Tower
Residence 46/47C
641 5TH Avenue #46/47C, Manhattan, NY 10022
Residence 29D
641 Fifth Avenue #29D, Manhattan, NY 10022
Residence 34B
641 5TH Avenue #34B, Manhattan, NY 10022
Residence Collection
Residences
1 to 4+ Bedrooms
Contact for Pricing
- Premium finishes throughout
- Open floor plans
- Floor-to-ceiling windows
- Chef's kitchens
Premium Residences
Select Layouts
Contact for Pricing
- Corner exposures
- Expanded living spaces
- Custom finishes available
- Private outdoor space
Residences from $28,300,000
Building Amenities & Services
Full-service luxury living on Fifth Avenue.
Services
- 24-Hour Doorman & Concierge
- Full-Time Building Staff
- Live-In Superintendent
- Package Room
- Storage Available
- Valet & Laundry Services
Building Features
- Attended Lobby
- Retail Atrium with Waterfall Garden
- Residential Entrance on 51st Street
- Central Air Conditioning
- Garage Access Nearby
The Center of Manhattan
St. Patrick's Cathedral across Fifth Avenue, Rockefeller Center one block south, Central Park six blocks north. Premier shopping, dining, and seamless transit access.
Comparable Buildings
Buyers considering Olympic Tower typically also evaluate these buildings
Luxury Neighborhoods in Manhattan
Explore Luxury Condos
Luxury Condos NYC
Manhattan's most prestigious condominiums
Billionaires' Row
The world's most exclusive residential corridor
Manhattan New Developments
Pre-construction condos with sponsor inventory
International Buyers
Taxes, process & ownership for foreign purchasers
Explore Luxury Condos in Miami →
Branded residences & waterfront living in South Florida
Frequently Asked Questions
Where is Olympic Tower located?
641 Fifth Avenue between East 51st and 52nd Streets in Midtown Manhattan, directly across from St. Patrick's Cathedral.
How tall is Olympic Tower?
51 stories with residences on the upper 29 floors.
How many residences?
225 condominium residences.
Who designed Olympic Tower?
Skidmore, Owings & Merrill, completed 1974.
What types of residences are available?
Studios to four-bedrooms with 9-foot ceilings and floor-to-ceiling windows.
Are floor plans available?
Contact our advisory team for available apartment layouts.
Your Olympic Tower Awaits
Our specialists will provide personalized pricing, floor plans, and exclusive developer incentives.
641 Fifth Avenue, New York, NY 10022
Manhattan Real Estate Market Intelligence
Market Context: Manhattan luxury condominium pricing is segmented by sub-market. The Billionaires’ Row corridor (57th Street, between Park Avenue and Columbus Circle) carries the highest price-per-foot in the United States, with trophy residences trading $4,000-$10,000+ per SF. Downtown Manhattan (Tribeca, West Village, Soho) has its own ultra-luxury tier driven by limited supply of new development. Upper East Side and Upper West Side condo medians sit materially below downtown trophy levels but offer larger floor plates and Central Park access. Pricing in Manhattan is sensitive to interest rates, mansion-tax brackets, and the offering-plan stage of any given building.
Entity Insight: Sponsor-direct new development in 2026 includes 80 Clarkson (West Village), 255 East 77th (Upper East Side), 140 Jane (West Village), 1122 Madison (Carnegie Hill), and Mandarin Oriental Fifth Avenue. Completed buildings with sponsor inventory remaining include Central Park Tower, 220 Central Park South, 53 West 53, 111 West 57th, and 50 West 66th. Each carries a distinct sponsor history, construction lender, offering-plan amendment cadence, and 421-a or other tax-abatement status that must be diligenced individually.
Buyer Signal: Manhattan’s structural inputs include the New York Attorney General-supervised offering plan process (provides buyer-side procedural protection not available in less-regulated markets), the depth of the resale market (high liquidity at exit), and constrained near-term supply (limited zoning capacity in core sub-markets). Risks to underwrite at contract: mansion-tax bracket inflation above $2M, transfer-tax assumption by buyer on sponsor sales, lot-line and view-corridor exposure on specific lots, condo board sublet and resale policies, and 421-a phase-out schedule where applicable. Status of any individual project, sponsor inventory level, AG offering plan amendment, pricing, or sales percentage should be verified at the time of inquiry.
Key Facts
- Trophy Manhattan condo $/SF range: $1,500-$10,000+
- Billionaires’ Row average $/SF: $4,000-$10,000+
- Downtown trophy (Tribeca/West Village) $/SF: $2,500-$6,000+
- Mansion tax: 1% above $1M, graduated brackets above $2M for buyer
- Typical sponsor contract deposit: 10%-20% at signing
- Standard buyer-attorney review window: 1-3 business days from contract delivery
- Sponsor-side commission: developer pays buyer agent on sponsor sales
- Tax-abatement programs (where applicable): 421-a, J-51, status verified building-by-building
- Foreign-national LLC ownership: common, structured at contract
Buyer Procedure
Manhattan sponsor-sales procedure: reservation form → offering plan delivery → buyer attorney review → contract execution and initial deposit → mortgage commitment (if financed) → closing at delivery. Sponsor-inventory and resale procedures differ; advisory pre-tour planning is recommended.
Manhattan Real Estate FAQs
What is the New York Attorney General offering plan?
The offering plan is the legal document filed with the New York Attorney General that governs the sale of every Manhattan condominium. It defines deposit handling, unit specifications, common charges, real estate taxes, sponsor obligations, and buyer protections. No Manhattan condo sale closes outside the framework of an accepted offering plan; amendments are filed periodically and reviewed by buyer attorneys at contract.
What is sponsor inventory?
Sponsor inventory refers to unsold units still held by the building’s developer (the “sponsor”). Sponsor units are brand-new, never lived-in, and may include negotiable pricing, closing-cost credits, and access to tax-abatement programs where the building has them. Sponsor-side transactions follow the offering plan, not the standard resale contract.
What tax abatements apply in Manhattan?
421-a is the most common Manhattan condo abatement, providing reduced real-estate-tax exposure for 10 to 25 years on qualifying new developments. J-51 applies to specific rehabilitated buildings. Each abatement has a phase-out schedule and building-specific qualification status that must be verified in the offering plan and the most recent tax certificate.
What closing costs apply on a Manhattan condo?
Typical buyer-side closing costs run 2% to 4% of price, including NYC and NYS transfer taxes (often assumed by buyer on sponsor sales), mansion tax (1% above $1M with graduated brackets above $2M), title insurance, buyer attorney fee, mortgage recording tax if financed, and prorated common charges and real estate taxes.
Are common charges the same as HOA fees?
No. Manhattan condos use the term “common charges,” not HOA fees. Common charges fund building operations, staff, amenities, and reserves. Real estate taxes are billed separately by NYC and are not part of common charges.
How does Manhattan Miami get paid on Manhattan transactions?
On sponsor-side new development purchases, the developer pays Manhattan Miami’s buyer-agent commission. Buyer representation is at no out-of-pocket cost to the buyer. On resale transactions, commission arrangements are disclosed at engagement.