Despite the general riskiness of the Midtown NYC luxury condo market, The Victor Group has proven that if a building is built in the most impeccable way possible, it doesn’t always matter what comps say – you can stand out anywhere: even among what most banks consider an NOI-risky marketplace.
Case in point – 277 5th Avenue.
Located in the heart of NoMad, 277 5th is a remarkable new project that blends the elegance of uptown Manhattan with the colorful energy found Downtown.
According to 6sqft, Ran Korolik, Executive Vice President of Victor Group says, “Nomad has rapidly transformed into the cultural epicenter of Manhattan and recently blossomed into a thriving luxury residential community. 277 Fifth elevates the caliber of condo product in NoMad, an already posh destination.”
Designed by renowned architect, Rafael Viñoly – the mastermind behind 125 Greenwich, 432 Park, 787 Eleventh Ave, Princeton University, and Brooklyn College – the building was drawn to perfection, with each and every line shining perfect and clean. Standing 55-stories tall, the 130 units at 277 5th tower high above the incredible NYC skyline. @RealEstate had the exclusive opportunity to tour this building, and we were stunned by the overall aesthetic, the architecture, and above all, the views!
According to StreetEasy, the building currently has 30 in-contract sales at average price of $3,782,070. 1-bedroom units started around $1.9MM, whereas the marvelous penthouse condo is still on the market for around $24MM. With 7 rooms, 4 bedrooms, 4 baths, and 1 half bath, every square foot of the 4,520 SF penthouse is absolutely breathtaking. Don’t take our word for it, though – as you can tell from the pictures, tenants have prime views of The Empire State Building, Hudson Yards, The Flatiron Building, and every other neighboring building nearby.
Corcoran is the exclusive listing broker.
Dubbed “The Viewfinder”, we think this building is aptly named, and we’re excited to see this development come to life!
Feel free to reach out if you’re interested in learning more or scheduling a walkthrough!