$7,200,000
Updated 11 years ago
Sold
256 Fifth Ave
NoMad, Manhattan | East 28th Street & East 29th Street
12,899 Square FeetMixed Use
$7,200,000
floors6
Lot Size24'x100'
Built Size25'x100'
ZoneC5-2 (
Building TypeLow-Rise
RE Taxes$57,000
Price Per SF
$558
Building Amenities
- Voice Intercom
- Elevator
Property Description for 256 Fifth Ave
256 Fifth Avenue is a six story building with 12,960 square feet on a plot of 24’8” by 100’. The building, constructed in 1893, has a beautifully intricate terra cotta façade, which the American Institute of Architects describes in their guide to new York City as an example of architectural “virtuosity.” The buildings systems have been carefully maintained and all required fillings and permits are current. The electric service is 800 amps with each floor’s usage separately metered to Consolidated Edison. The heating system utilizes #2 fuel oil, while hot water is produced by instamatic heaters on each floor. A new roof and copper flashing was installed six years ago. Plans have been prepared to change the present manual elevator to a new ADA code compliant cab within the existing stairwell without any further loss of rentable area. The property is in a C5-2 zone, which allows for both commercial and residential use, and is allotted a floor to area ratio of 10.0. There are approximately 11,700 square feet of additional development rights; however, as the building is within the Madison Square North Historic District only a portion may ultimately be approved for development by the Landmarks Preservation Commission. 256 Fifth Avenue will always be a link equal in style from a gilded age of another century to the current wave of new development.
Listing History for 256 Fifth Ave
Now
09/27/2010
$7,200,000
Sold and Closed by John F. Ciraulo
Cushman & Wakefield
09/07/2010
Contract Signed by John F. Ciraulo
Cushman & Wakefield
Building Details for 256 Fifth Ave
OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1893
Floors6
Transit and Citi Bike
Subway
28 St
0.08 miles
28 St
0.21 miles
23 St
0.28 miles
33 St
0.28 miles
34 St-Herald Sq
0.32 miles
Citi Bike
5 Ave & E 30 St
0.08 miles
Broadway & W 29 St
0.11 miles
NoMad | Manhattan
Quick Profile
NoMad, North of Madison Square Park, is a rectangular swath of land that is bordered by East 25th Street to the south, East 29th Street to the north, Sixth Avenue to the west, and depending who you ask, Madison or Lexington Avenue to the East. It’s had its acronymed name for over two decades but not every New Yorker calls the neighborhood NoMad.
Historic architecture, trendy hotels and restaurants and high-priced apartments - NoMad wasn’t always the coveted neighborhood that it is today. It’s gone through many transformations over the years. Including a red light district known as the Tenderloin in the 1880’s. It was a popular shopping destination and a place where high society held court in the mid 19th century. It was part of New York City’s Silicon Alley in the 1990’s.
As of lately, world class chefs and restaurants have moved into NoMad. It’s tied with Midtown Manhattan for having the most Michelin stars (six stars to date). Besides NoMad’s architecture, nightlife, and restaurants, we can’t forget the added perk of being close to other great neighborhoods and cultural institutions. NoMad’s central location makes it easier to get just about anywhere in the city. You can walk to Chelsea, West Village, Union Square or Grand Central Station in no time at all. The N, R, 1, 6, B, Q, F, and M are very close or just a few blocks away. Penn Station is also within walking distance.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 31567TH
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