16 Fifth Avenue Completes Construction In Greenwich Village

• Luxury condominium project completed at 16 Fifth Avenue in Greenwich Village
• Joint venture between Madison Realty Capital and City Urban Realty delivered 14 residences
• Building features prewar-inspired architecture by Robert A.M. Stern Architects

What The Project Adds To Greenwich Village

Construction has officially wrapped on 16 Fifth Avenue, a boutique luxury condominium development located just north of Washington Square Park in Manhattan’s Greenwich Village.

The 19-story building delivers only 14 condominium residences, positioning it firmly within Manhattan’s ultra-luxury boutique market rather than the larger-scale condo segment.

Its location along Fifth Avenue, combined with its low unit count and highly customized residences, places the project among the more exclusive new developments in downtown Manhattan.

What The Architecture And Design Emphasize

The building was designed by Robert A. M. Stern Architects, with Hill West Architects serving as architect of record.

Architecturally, the project leans heavily into a classic prewar Manhattan aesthetic, using brick and limestone materials along with traditional detailing and a formal arched entrance canopy.

This style continues a broader trend where luxury condo buyers in Manhattan increasingly favor timeless, contextual architecture over highly experimental glass tower designs.

The completed exterior now fully reveals the building’s finished façade after the removal of all scaffolding and sidewalk protection.

What The Residences Include For Buyers

The residences are designed with oversized layouts and custom luxury finishes throughout.

Interior specifications include millwork and hardware by Christopher Peacock, Miele appliances, and bathrooms finished with Calacatta marble surfaces and mosaic detailing.

The project’s eight full-floor residences each include multiple en-suite bathrooms, powder rooms, dedicated guest wings, and in-unit laundry facilities.

Upper duplex and triplex residences are described as “townhouses in the sky,” featuring five-bedroom layouts, private outdoor spaces, dual dressing rooms, and expansive entertaining areas.

What Amenities Reflect About The Luxury Market

The amenity package focuses more on privacy and exclusivity than large-scale resort-style offerings.

Residents have access to a private dining room, catering kitchen, tranquility lounge, fitness center, golf simulator suite, attended lobby, bike storage, and private storage areas.

This curated amenity strategy reflects the preferences of high-net-worth buyers in boutique buildings, where exclusivity and service are often prioritized over sheer amenity volume.

What This Means For Manhattan’s Condo Market

16 Fifth Avenue highlights the continued strength of boutique ultra-luxury condominium development in prime Manhattan neighborhoods.

While broader condo markets have experienced fluctuations, projects with limited inventory, high-quality architecture, and prestigious locations continue to attract affluent buyers seeking long-term value and exclusivity.

The building also reinforces how developers are increasingly targeting smaller, highly differentiated luxury projects rather than pursuing larger condominium towers in established downtown neighborhoods.

Sales and marketing for the property are being handled by Corcoran Sunshine Marketing Group