Madison Equities reveals new triplex penthouse, The Crown, of 212 Fifth Avenue, which is expected to shatter downtown records.

A new triplex penthouse, The Crown, at 212 Fifth Avenue, is listed for $68.5 million according to developer Robert Gladstone, CEO of Madison Equities. 212 Fifth Avenue overlooks Madison Square Park at the intersection of Manhattan’s Flatiron and NoMad neighborhoods.

‘The area around Madison Square Park has seen quite a bit of new development in the last few years and it has quickly established itself amongst the most notable New York City neighborhoods as a place for high-end living,” says Robert Gladstone.  “This particular residence breaks the mold on luxury and will serve as the crowning achievement in the residential real estate arena.”

The Crown will offer 10,000 square feet of interior space on the third floor and 5,700 square feet of exterior space on the second floor. The 360-degree views will include the Hudson River, the Flatiron Building and many other iconic landmarks across Manhattan, with a terrace that can easily accommodate a pool and significant art installations.

“The penthouse at 212 Fifth Avenue will raise the bar for the downtown market for years to come,” says Shlomi Reuveni, Managing Director of Town New Development. “Like New York City itself, The Crown represents the epitome of grandeur and elegance.”

Carefully restored to its original glory, 212 Fifth Avenue’s crown offers architectural features rarely seen today. Nestled behind the crown, the lower terrace extends the full length of the building and offers unparalleled privacy and security. The outdoor observatory on the upper terrace – perfect for entertaining – boasts views of uptown, downtown and the east side, as well as Madison Square Park.

212 Fifth Avenue offers 48 two-, three- and four-bedroom condomium residences. Originally constructed as a manufacturing building, 20th century architects Schwartz & Gross designed the structure with open floor plans, high ceilings and oversized windows, creating a foundation for dramatic, light-flooded residential floor plans with the best of pre-war and contemporary designs fused together.

“212 Fifth Avenue is a building that bridges the gap of modernity,” says Andrew Sheinman, CEO, Pembrooke & Ives, the interior designer firm responsible for creating the penthouse. “This delicate balance and tentative prelude to modernism is where the building derives its beauty, and where we found inspiration.”

Building amenities include a lobby with a 24-hour doorman, concierge, cold storage and fitness center by The Wright Fit, with an adjoining yoga studio and treatment room. There’s also a playroom, game room and residents’ lounge featuring adjoining dining and meeting rooms with a catering kitchen, screening room and valet parking.

Photos courtesy VisualHouse.