685 Fifth Avenue Condominium
685 Fifth Avenue, Manhattan, NY 10022
Overview
- Units
- 69 residential
- Subway
- 2 min walk to 5 Av/53 St E F57 St M, 6 min
- Developer
- SHVO
- Principals
- Michael Shvo, Serdar Bilgili
- Offering price
- $301.4 million total
- Floor plans
- Pages 649–650 of the plan
The sponsor of record is Bsd 685 New York Propco LLC, represented by Holland & Knight LLP. The offering plan runs 907 pages. The sponsor has filed 7 amendments, the latest in March 2026. The nearest other condo plan on file is 550 Madison Avenue Condominium, next door.
Plan CD190040 · New · accepted Mar 5, 2021 · AG record ↗
Compare
| Figure | This building1 | 200 East 83rd286 units · 1.5 miaccepted 2021 | The Harper368 units · 1.7 miaccepted 2021 |
|---|---|---|---|
| Average Offering PricePer Apartment | $4.97MIn line | $6.19M | $3.54M |
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Unit mix, closings, budgets, finishes and the team, against 200 East 83rd and The Harper, cited to the offering plans. No credit card required.
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- Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed35% of the homes in Schedule A | 24 of 69 |
| Closing prices vs. Schedule A22 homes: $103,826,984 at closing against $104,070,000 in Schedule A (p. 83, p. 84) | −0.2% |
| Closingsfirst and latest recorded | May 24, 2023 – Jul 22, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Sep 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 24 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 9A | May 24, 2023 | $6,073,463 | $5,950,000 p. 83 | +2.1% |
| 11A | May 24, 2023 | $6,277,613 | $6,150,000 p. 83 | +2.1% |
| 15B | Sep 1, 2023 | $3,880,000 | $3,880,000 p. 83 | 0% |
| 9F | Nov 29, 2023 | $4,000,000 | $4,105,000 p. 83 | −2.6% |
| 16B | Dec 15, 2023 | $3,200,000 | $3,200,000 p. 83 | 0% |
| 18A | Dec 15, 2023 | $6,124,500 | $6,000,000 p. 84 | +2.1% |
| PHC | Dec 27, 2023 | $19,965,000 | — | — |
| 6B | Dec 28, 2023 | $3,340,000 | $3,340,000 p. 83 | 0% |
| 7D | Dec 28, 2023 | $2,475,000 | $2,475,000 p. 83 | 0% |
| PHA | Dec 28, 2023 | $15,000,000 | — | — |
| 7A | Jan 5, 2024 | $5,950,000 | $5,750,000 p. 83 | +3.5% |
| 10D | Jan 9, 2024 | $2,675,000 | $2,625,000 p. 83 | +1.9% |
| 9D | Jan 30, 2024 | $2,625,000 | $2,575,000 p. 83 | +1.9% |
| 17A | Mar 5, 2024 | $8,300,000 | $7,480,000 p. 84 | +11% |
| 10A | Jun 3, 2024 | $6,000,000 | $6,050,000 p. 83 | −0.8% |
| 15A | Oct 21, 2024 | $17,000,000 | $8,730,000 p. 83 | +94.7% |
| 6E | Nov 18, 2024 | $2,031,409 | $2,900,000 p. 83 | −30% |
| 6D | Dec 5, 2024 | $2,300,000 | $2,425,000 p. 83 | −5.2% |
| 12A | Jan 23, 2025 | $5,950,000 | $6,350,000 p. 83 | −6.3% |
| 10F | Jun 12, 2025 | $3,000,000 | $4,180,000 p. 83 | −28.2% |
| 12F | Sep 19, 2025 | $3,350,000 | $4,405,000 p. 83 | −24% |
| 7E | Jul 13, 2026 | $1,550,000 | $2,950,000 p. 83 | −47.5% |
| 19A | Jul 22, 2026 | $4,326,000 | $6,400,000 p. 84 | −32.4% |
| 22A | Jul 22, 2026 | $3,399,000 | $6,150,000 p. 84 | −44.7% |
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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
- Bsd 685 New York Propco LLC
- Developer
- SHVO
- Principals
- Michael Shvo, Serdar Bilgili
- Counsel
- Holland & Knight LLP
- Tax estimate
- Marcus & Pollack LLPPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 550 Madison Avenue Condominiumnext door · 96 units · 2015
- 20 West 53rd Street Condominium0.1 mi · 61 units · 2013
- Park Avenue Place Condominium0.1 mi · 76 units · 2003
- 40 West 55th Street Condominium0.1 mi · 35 units · 2006
- Fifth And Fifty-Fifth Condominium Suites0.1 mi · 24 units · 2006
- Aman New York Residences0.1 mi · 26 units · 2017