BuySellBlogBrowse Listings

16 5th Avenue PH2New York, NY 10011

For Sale

$45,000,000

Smart Buyer Rebate $562,500

Sixteen Fifth Avenue
PH2 Listing Description
 
Penthouse 2 is a sprawling 6,823-square-foot duplex home with private outdoor space, offering five bedrooms and seven-and-a-half baths. With four exposures, this home showcases sweeping views of Washington Square Park, Downtown Manhattan, and the New York City skyline. 
 
The elevator opens into a private vestibule leading to a formal entry gallery. The expansive east and south-facing corner great room features herringbone-patterned 5" wide-plank white oak flooring and an adjoining terrace, both with iconic Fifth Avenue views. The windowed corner chef's kitchen, designed by Christopher Peacock, features terrace access for outdoor dining along with Fifth Avenue views. Finishes and appliances include Calacatta Gold honed marble countertops and backsplashes, custom cabinetry with Lambourne-style polished nickel hardware, and top-of-the-line Miele MasterCool appliances including dual dishwashers and sinks with Kallista polished nickel faucets, a refrigerator/freezer, warming drawer, gas cooktop, oven, speed oven, vented hood, and a standalone wine refrigerator. A butlery, breakfast nook, and formal dining room complete the culinary experience.
 
The primary bedroom wing is a private retreat with three dressing rooms, a terrace overlooking Fifth Avenue, and two luxurious primary bathrooms featuring Calacatta Vision honed marble walls and floors with a mosaic inlay, custom rift white oak vanities with marble countertops, a Kallista freestanding tub, an enclosed shower with Calacatta marble walls and floors, and radiant heat flooring.
 
A private guest suite and a windowed home office offer flexibility and privacy, while a service hall and utility room with LG washer/dryer provide convenience. The home is equipped with a year-round with a dedicated VRF heating and cooling system, with individually controlled thermostats in each room.
 
Secondary bathrooms feature Blanco Dolomiti marble premium honed mosaic flooring and walls, lacquered vanities with white wooden stone countertops, a tub or shower, and Kallista polished chrome fixtures and fittings including a hand shower. The powder room features a Panzer honed marble vanity, feature wall, and flooring, a Kallista unlacquered brass faucet, and a Kohler sink.
 
Set within a classical 18-story condominium designed by Robert A.M. Stern Architects, the building features a hand-laid brick and limestone facade adorned with elegant Juliet balconies and detailed setbacks. Oversized 7'-6" Wausau windows with French inswing-style double casements flood the interiors with natural light.
 
Residents enjoy a full suite of amenities, including a 24-hour attended lobby and concierge, an atrium lounge with a skylight, a decorative fireplace, and a catering kitchen, a dining room, and a custom bar with individual wine and spirit cabinets. The building also offers a fitness center curated by The Wright Fit, a golf simulator suite, a tranquility lounge, private storage, bicycle storage, and a mail and package room with cold storage.


THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR FILE  NO . CD22-0103. SPONSOR: FIFTH AVENUE OWNERS GROUP LLC, 520 MADISON AVENUE, SUITE 3501, NEW YORK, NEW YORK 10022. ANY DEPICTIONS OF PERSONAL OR CONDOMINIUM PROPERTY, INCLUDING, WITHOUT LIMITATION, ANY FURNITURE, DECORATIONS, EQUIPMENT, FURNISHINGS, FINISHES, FIXTURES, APPLIANCES, OR LANDSCAPING, ARE FOR ILLUSTRATIVE PURPOSES ONLY AND MAY  NO T REPRESENT THE ITEM ACTUALLY BEING DELIVERED OR THE PRECISE LOCATION OF SUCH ELEMENT. PROSPECTIVE PURCHASERS SHOULD  NO T RELY UPON THESE DEPICTIONS AND ARE ADVISED TO REVIEW THE COMPLETE TERMS OF THE OFFERING PLAN FOR FURTHER DETAILS AS TO TYPE, QUALITY AND QUANTITY OF MATERIALS, APPLIANCES, EQUIPMENT AND FIXTURES TO BE INCLUDED IN THE UNITS, AMENITY AREAS AND COMMON AREAS OF THE CONDOMINIUM. ALL DIMENSIONS, MEASUREMENTS, AND SQUARE FOOTAGES ARE APPROXIMATE AND SUBJECT TO  NO RMAL CONSTRUCTION VARIANCES AND TOLERANCES. SQUARE FOOTAGES EXCEED USABLE FLOOR AREA. PLANS AND DIMENSIONS MAY CONTAIN MI NO R VARIATIONS FROM FLOOR TO FLOOR. EACH UNIT SHOULD BE INSPECTED TO DETERMINE ITS ACTUAL DIMENSIONS, LAYOUT AND PHYSICAL CONDITION PRIOR TO CLOSING. SPONSOR RESERVES THE RIGHT TO MAKE CHANGES IN ACCORDANCE WITH THE TERMS OF THE OFFERING PLAN, AS AMENDED. SPONSOR MAKES  NO  REPRESENTATIONS OR WARRANTIES EXCEPT AS SET FORTH IN THE OFFERING PLAN. EQUAL HOUSING OPPORTUNITY.

Listed by 16 Fifth Sales Office

·

Corcoran Sunshine Marketing Group

·

212 968 1600

Last updated November 10, 2025

·

Source: REBNY #RLS20056929

Listing Facts

  • TypeCondo
  • NeighborhoodGreenwich Village
  • Bedrooms5
  • Bathrooms7.5
  • Days on Prevu23
  • HOA/Maint. Fees$13,721/month
  • Size6,823 sqft
  • Price per sqft$6,595

Amenities

  • Private Outdoor Space
  • Concierge

Location

Mortgage Calculator

Listing History

10/27/2025
Listed by Corcoran Sunshine Marketing Group
$45,000,000

Estimated Closing Costs

Total
$3,597,750
Attorney Fees
$4,000
NYC Mansion Tax
$1,755,000
Title Insurance
$202,500
Bank Attorney
$1,500
Mortgage Recording Tax
$693,000
Other Closing Costs
$4,000
NY State Transfer Tax
$292,500
NYC Transfer Tax
$641,250
Seller's Attorney Fee
$4,000

Estimated closing costs are based on the list price of $45,000,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 16 5th Avenue PH2

Association

Amenities

  • Pets Allowed: Building Yes, No
  • Concierge: Doorman Full Time, Concierge Full Time

Fees

  • Association Fee: $13,721.00 Monthly

Financial

  • Sponsor Unit: Yes

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 14
  • Stories Total: 18
  • Structure Type: High Rise
  • Year Built: 2025
  • Building Name: Sixteen Fifth Avenue
  • Entry Level: 18

Features

  • Building Features: Elevator(s)
  • Patio And Porch Features: Terrace
  • View: City

Interior

Measurements

  • Living Area: 6,823
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 7
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 5
  • Rooms Total: 14

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Greenwich Village
  • Tax Block: 00572
  • Tax Lot: 0041

Utilities

Equipment

  • Cooling: Zoned
  • Has Cooling: Yes
  • Laundry Features: Washer Hookup, In Unit

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.