212 Fifth Avenue

Standing as a classic configuration of a pre-war, historic façade, and a luxe, elegant interior, 212 Fifth Avenue is designed by Pembrooke & Ives and features 2 to 4 bedroom homes and a penthouse. The residences house a foyer, dining, kitchen, and living space, with elaborate floor plans, modern, Chevron flooring and expansive windows framing exquisite views of the Croisic Building and Flatiron Building.

The kitchen enjoys a harmonious indulge of neo designs and custom cabinetry and fixtures to guarantee a convenient and luxurious living. Carefully curated amenities include a 24-hour doorman/concierge, a fitness center, golf simulator, screening room, a board room, game room, playroom, lounge, catering kitchen, treatment room, as well as bike storage, all exclusively for the residents.

CITY REALTY ARTICLE

The very handsome, 21-story, former office building at 212 Fifth Avenue facing Madison Square Park on the southeast corner at 26th Street is being converted to 48 residential condominiums by Madison Equities, which is headed by Robert Gladstone, Building Land and Technology and Thor Equities, which is headed by Joseph Sitt. 

Madison and Thor bought the building in 2014 for $260 million from Extell Development, which is headed by Gary Barnett.  Extell had acquired the site and 12 other properties from Ring Management, which is headed by Frank and Michael Ring, in 2014 for $308 million.

The Neo-Gothic building was designed by Schwartz & Gross and erected in 1913.

Helpern Architects is the architect for the conversion.

The building has about 4,250 square feet of retail space.

It is in the Madison Square North Historic District so external changes to the building need to be approved by the city’s Landmarks Preservation Commission.

In March, 2015, the website of AJSNY displayed a rendering of a dramatic and flamboyant rooftop addition with receding bronze accents to the building that featured a very large Art Deco-style clock on the south façade flanked by two bays of bronze balconies, and a large two-tiered restaurant set back on its roof.

The AJSNY plan was not put forward by the building’s new owners, however, and most likely would not have passed muster with the landmarks commission.

In April, 2015, a much subdued plan was submitted by the developers to the commission by their architect for the project, Helpern Architects.

The commission approved restoration work on the building, enlargement of the penthouse, work on windows on the 3rd, 4th and 21st floors, the first and second storefronts, a modification of the south face of the building and the reconstruction of the building’s parapet.

A new residential entrance was approved for the middle of the building’ 26th Street frontage.  Its entrance will be bronze while the retail entrance on Fifth Avenue will be in aluminum.

The commission also approved a reduction in the number of elevators from six to two.

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