$1,450,000
SOLD SEP 27, 2024
1 Bed
1 Bath
830 Sq Ft
$815/mo HOA Fee

Recently Sold

$1,747 Per Sq Ft

5% Below List Price

68 Days on Market

Highlights

  • Basketball Court
  • 4-minute walk to 23 Street (1,2 Line)
  • Granite Countertops
  • P.S. 11 Sarah J. Garnet School Rated A
  • Wood Flooring
  • 5-minute walk to Madison Square Park

About This Home

As of September 2024

Experience luxury in this stunning, north-facing 1-bedroom, 1-bath residence plus storage cage, at the prestigious Chelsea Stratus condominium. This expansive 830 square foot loft-style home boasts 11-foot ceilings and oversized windows, creating an airy and inviting atmosphere. The thoughtfully designed main room accommodates both a dining area and a living room, making it perfect for entertaining.

The open kitchen is a chef's dream, featuring top-of-the-line appliances including a Fisher & Paykel double drawer dishwasher, Sub-Zero refrigerator, wine fridge, cooktop stove, microwave, Pietra Cardosa stone countertops, and Macassar Ebony wood cabinetry.

The generously sized primary bedroom comfortably fits a king bed, side tables, a dresser, and a desk. The spa-like bathroom offers a deep soaking tub and a separate enclosed shower with a rain showerhead. Additional highlights include custom outfitted closets, an in-unit washer/dryer, and central air. This exceptional home also comes with a large storage cage.

The Chelsea Stratus is a full-service condominium with an ultra-modern fitness center and half basketball court located on the 5th floor. On the third floor there is an entertainment lounge outfitted with two large screen TVs, a copper fireplace, catering kitchen, dining area, billiards room, and an outdoor landscaped garden with 2 grills. Last but not least one of Downtown’s best roof decks complete with a large grill, seating areas and a dog run. All this within blocks of easy transportation, gourmet grocery stores, many of the city’s best restaurants, and downtown shopping.

Monthly taxes would be lower if the apartment is used as a primary residence with STAR abatement. $82/month assessment through April 2026.

Last Agent to Sell the Property

Adie Kriegstein

Compass License #40KR1085607 Listed on: 07/17/2024

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,460

Year Built

  • Built in 2006

Lot Details

  • North Facing Home
  • Garden

HOA Fees

  • $815 Monthly HOA Fees

Interior Spaces

  • 830 Sq Ft Home
  • Wood Flooring
  • Intercom
  • Laundry in unit

Kitchen

  • Gas Cooktop
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Soaking Tub

Outdoor Features

  • Basketball Court
  • Patio
  • Outdoor Grill

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 1305 / 00800

Community Details

Overview

  • 202 Units
  • High-Rise Condominium
  • Chelsea Subdivision
  • 40-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,460

Year Built

Built in 2006

Lot Details

0

HOA Fees

$815 per month

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 6
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 40

Interior Features

  • Interior Features: Granite Counters, Soaking Tub
  • Appliances: Cooktop, Dishwasher, Freezer, Gas Cooktop, Gas Oven, Refrigerator, Stainless Steel Appliance(s), Wine Cooler
  • Equipment (Other): Intercom
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 830.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Window Features: Double Pane Windows

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Basketball Court, Barbecue, Garden
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area, In Unit
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 815.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 0.000000x0.000000

Building Info

  • New Construction: No
  • Units: 202
  • Total Stories: 40
  • Year Built: 2006

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00800
  • Tax Lot: 1305
  • Tax Annual: 17460.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Sep 27, 2024
Sold by
Formica Carol and Formica Louis
Bought by
Ly Kimberly Yang and Ly Sidney
Seller's Agent
Adie Kriegstein
Compass
List Price
$1,525,000
Sold Price
$1,450,000
Premium/Discount to List
-$75,000
-4.92%
Views
3
Current Estimated Value
$1,399,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,687
Avg. Annual Appreciation
-1.85%

Purchase Details

Closed on
Nov 4, 2008
Sold by
735 Avenue Of The Americas Llc and % Lcor Incorporated
Bought by
Formica Carol and Formica Louis
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,450,000 --
Deed $981,750 --
Deed $981,750 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $1,450,000 -4.9% $1,747 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $1,525,000 -- $1,837 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,846 $142,082 $6,439 $135,643
2024 $17,846 $142,743 $6,439 $136,304
2023 $17,951 $146,332 $6,439 $139,893
2022 $18,038 $153,227 $6,439 $146,788
2021 $16,886 $137,655 $6,439 $131,216
2020 $17,943 $152,402 $6,439 $145,963
2019 $17,613 $148,975 $6,439 $142,536
2018 $14,329 $178,405 $6,439 $171,966
2017 $13,211 $151,767 $6,439 $145,328
2016 $9,877 $145,518 $6,439 $139,079
2015 -- $131,013 $6,439 $124,574
2014 -- $122,041 $6,439 $115,602
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11011486

Real Estate Board of New York (REBNY)

APN: 0800-1305