Sixteen Fifth Avenue Condominium
16 Fifth Avenue, Manhattan, NY 10011
Overview
- Units
- 14 residential · 14 storage
- Subway
- 5 min walk to W 4 St-Wash Sq A B C D E F M8 St-NYU R W, 5 min
- Developer
- Madison Realty Capital
- Principals
- Brian Shatz, Joshua Zegen
- Offering price
- $291.1 million total
- Floor plans
- Pages 384–389 of the plan
The sponsor of record is Fifth Avenue Owners Group LLC, represented by Holland & Knight LLP. The offering plan runs 630 pages. The sponsor has filed 5 amendments, the latest in May 2026. The nearest other condo plan on file is 16 West 9th Street Condominium, next door.
Plan CD220103 · New · accepted Nov 14, 2024 · AG record ↗
Closings Pro
| Homes closed64% of the homes in the plan | 9 of 14 |
| Closingsfirst and latest recorded | Apr 6, 2026 – Jun 11, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Jun 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 9 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 6 | Apr 6, 2026 | $11,000,000 | — | — |
| 9 | Apr 7, 2026 | $12,250,000 | — | — |
| 16 | Apr 20, 2026 | $15,400,000 | — | — |
| 15 | Apr 24, 2026 | $14,500,000 | — | — |
| 3 | Apr 28, 2026 | $9,999,995 | — | — |
| 5 | Apr 30, 2026 | $11,250,000 | — | — |
| PH2 | Apr 30, 2026 | $32,500,000 | — | — |
| 18 | May 18, 2026 | $16,500,000 | — | — |
| 8 | Jun 11, 2026 | $12,200,000 | — | — |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- Fifth Avenue Owners Group LLC
- Developer
- Madison Realty Capital
- Principals
- Brian Shatz, Joshua Zegen
- Counsel
- Holland & Knight LLP
- Tax estimate
- Goldberg Weprin Finkel Goldstein LLPPrepared the first-year real estate tax projection
- Construction lender
- G4 Capital Partners$105 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 16 West 9th Street Condominiumnext door · 5 units
- 25 Fifth Avenue Condominiumnext door · 89 units · 2007
- 12 West 10th Street Condominiumnext door · 3 units · 2004
- The Residences At West 9th Streetnext door · 45 units · 2025
- 30-32 West 9th Street Condominium *next door · 18 units · 2002
- 37-39 West 8th Street Condominiumnext door · 19 units · 2009