425 Fifth Ave. building set to open soon

Real Estate Weekly, Dec 25, 2002

In response to the demand of Manhattan's home buying community for luxury residences in the $500,000 to $1 million price range, 425 Fifth Ave. announced that it is offering for the very first time a new selection of high floor condominium residences for purchase. Now rising at the northeast corner of 38th Street, the tower is expected to be ready for occupancy in early 2003.

Featuring wonderful views from the 24th through the 34th floors of this signature 67-story Michael Graves' building, the luxury studios, one- and two-bedroom residences are priced within the highly desirable $400,000 to $1 million range. Each of these distinctive homes is newly constructed, offers incomparable views, and Michael Graves' custom designed finishes -- all with a highly coveted Fifth Avenue address.

The Michael Graves-designed residences will feature gourmet kitchens with granite countertops and backsplashes, custom cherry wood cabinetry, slate porcelain tile floors, stainless steel appliances, and bath-rooms of patterned tile and marble, separate glass-enclosed showers and luxurious soaking tubs.

"The union of luxury and lifestyle is evident in 425 Fifth Ave.'s extensive amenities package, The Fifth Avenue Club, which is well spaced on two full floors," said Adrienne Albert, president of The Marketing Directors, Inc., marketing and exclusive sales agent for the property.

Amenities include: An indoor swimming pool, steam and sauna rooms, his and hers lounges, changing rooms, a wonderful wraparound outdoor terrace, state-of-the-art technogym, an extensive business center, a children's playhouse, an entertainment lounge, a cinema room, a wine cellar and a private storage facility.

425 Fifth Ave.'s top 27 floors will contain 81 distinctive condominiums and feature a variety of studio, one, two and three bedroom layouts. Prices for the tower's studio homes range from $660,000 to $730,000 while the price tag for its largest penthouse residences range from $7 million to $10 million.