24 5th Ave APT 712, New York, NY 10011

Contract signed as of 7\29\24. Welcome to the NYC home of the illustrious late owner Manuel Felguérez. Manuel was a famed abstract artist & sculptor. His work is on display in the form of a large mural at United Nations & he has own museum in Mexico among an extensive list of other prominent accolades. Manuel designed and built the loft bed in this flat & you will have the opportunity to keep it as part of the sale. The seller will also remove it if you prefer. Let’s stay on this historical track as you become one with this classic prewar world as first envisioned by the renowned architectural team of Emery Roth & Sons back circa 1924. Before you respond to this, please read the details carefully. My firm focuses on an education platform first regarding sales here @ 24 Fifth Avenue. ***Parents buying with children, gifting and pied-a-terre's are permitted. ***24 Fifth Avenue is on a ground lease also known as a land lease with expiration in the year 2087. ***There are sixty-three (63) years remaining on the ground lease. ***NO INVESTORS PERMITTED!!! You must utilize the apartment for either part-time or full-time use for three (3) years before you will be able to rent the apartment. At that point, you may be able to sublet the space for (3) out of the next (5) years. ***This flat has just gone through an extensive cosmetic renovation including painting, plastering, tub reglaze, new countertop and lots of new light fixtures Attention all students & their families. NYU, Cardozo, New School & Parsons: Plenty of time to complete a family purchase of this home and be there for the start of the Fall 2024 Semester but the clock is ticking... Math & Statistics working towards home ownership: If you were going to rent a 24-hour full-service door attendant studio in the heart of Greenwich village, you would be looking @ approximately $3500 per month and that is on the conservative side. Yearly, that equates to $42,000. You multiply that by four (4) years, and you have $168,000. For an extra $257,000, you own it. This formula has been prevalent & enormously successful in my personal experience for many families over my 34 years of sales experience in this building. Supply & Demand: There are 420 units here @ 24 Fifth Avenue. This is one of only a few studios available for sale here. That is approximately 1% availability. This is a prolific example of how homeowners @ 24 5th Avenue are reluctant to relinquish their stake in this Classic Prewar building. Presenting 24 5th Avenue-Apartment#712. If value is what you are looking for, you will be impressed by some of the details of this unique offering. Immerse yourself in this classic prewar world as first envisioned by the renowned architectural team of Emery Roth & Sons back circa 1924. You will know you have found your new home as you enjoy traversing 5th avenue as it meets 9th Street, one of the most desirable and central locations in the city. Many New Yorkers refer to this small area of Greenwich Village as the Gold Coast with good reason. As you enter the building, you will be welcomed by a combination of an immense grand lobby that takes you back in time where the roaring 20's was in full swing. There you will be greeted by your full-time door attendant as part of a fully staffed building including porters, property manager and resident superintendent. This building was originally built as the Fifth Avenue Hotel on the site of the famed Brevoort Mansion. Perfect for pied-a-terre or full-time home. Experience sunsets every sunny day! Features a sundrenched southern exposure, hardwood floors, high beamed ceiling, and a large walk-in closet. Greenwich Village is the nexus of the prime downtown vibe with great access to Washington Square & Union Square Parks, multiple mass transit options, great retail, restaurants & cafe's. One of the building's crown jewels is its state-of-the-art fitness center for residents only.