NOT LISTED FOR SALE

Estimated Value: $1,700,584 - $2,570,000

2 Beds
2 Baths
1,228 Sq Ft
$2,340/mo HOA Fee

Last Sold November 30, 2022

Last sale price $2,425,000 $1,975 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $15,224/month

48 Days on Market

Highlights

  • Pre War Building
  • 5-minute walk to 86 Street (4,5,6 Line)
  • 1-minute walk to Ancient Playground
  • P.S. 6 Lillie D. Blake Rated A
  • Laundry Facilities

About This Home

As of November 2022

Here is an opportunity to own a design forward apartment in a premier, luxury, pre-war boutique condo on Fifth Avenue at a great price. This two-bedroom, two-bath home is in mint condition and is updated with top-of-the-line finishes. There are beautiful hardwood floors and the ultimate in built-in cabinetry. The bedrooms are spacious, with an ensuite bath in the main suite. There are many closets and storage areas. The floors are new hardwood wide plank floors. There is a washer/dryer in the unit. The temperature can be adjusted from cool to hot at any time during the year. The two bedrooms and the living room have separate controls. The modern bathrooms are beautiful and the kitchen has high-end appliances, including a wine cooler. Open views from the living room and primary bedroom face north, with views south from the second bedroom. 1049 Fifth Avenue offers residents a prime Upper East Side location with close access to Central Park and the Central Park Reservoir. There is luxury retail shopping, excellent restaurants, and gourmet shopping, including Butterfield's market, Morton Williams, Fairway, and Whole Foods nearby. Culturally stimulating near The Metropolitan Museum of Art, Neue Museum and the Guggenheim. The building has friendly full-time doormen and concierge service. There is a live-in super. The 4/5/6 subway lines are less than three blocks away. Many garages are nearby, as is an Equinox fitness club. 2% flip tax paid by buyer. Pets are welcome.

Last Agent to Sell the Property

Dorothy Schrager

Coldwell Banker Warburg License #30SC0924258 Listed on: 01/25/2022

Coldwell Banker Warburg

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,648

Year Built

  • Built in 1928

HOA Fees

  • $2,340 Monthly HOA Fees

Home Design

  • 1,228 Sq Ft Home
  • Pre War Building
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

Overview

  • 66 Units
  • Upper East Side Subdivision
  • 22-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,648

Year Built

Built in 1928

Lot Details

0

HOA Fees

$2,340 per month

Listing Details

  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Prewar
  • Entry Level: 4
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 22

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1228.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2340.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Area: 10216.0
  • Lot Size Dimensions: 100.0 x 102.17

Building Info

  • New Construction: No
  • Units: 66
  • Total Stories: 22
  • Year Built: 1928

Tax Info

  • Tax Block: 0
  • Tax Annual: 12648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2022
Sold by
Chun Richard and Sohn So-Yon
Bought by
Kang Yi and Wang Peilin
Current Estimated Value
$2,184,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,182,257
Outstanding Balance
$2,086,716
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$97,430

Purchase Details

Closed on
Oct 1, 2010
Sold by
Mills Marianne M and Mills Steven A
Bought by
Chun Richard and Sohn So-Yon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2002
Sold by
Badeib Ahmed and Badeib Ahmed M
Bought by
Mills Steven A and Mills Marianne M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kang Yi $2,425,000 --
Chun Richard $2,100,000 --
Mills Steven A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kang Yi $2,182,257
Previous Owner Chun Richard $1,365,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2022 11/30/22 Sold $2,425,000 -2.8% $1,975 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $2,495,000 +10.9% $2,032 / Sq Ft
01/28/2015 01/28/15 Sold -- -- -- View Prior Sale
12/29/2014 12/29/14 Pending -- -- --
04/09/2010 04/09/10 For Sale $2,250,000 -- $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 $16,602 $134,358 $25,600 $108,758
2024 $16,602 $132,795 $25,600 $107,195
2023 $16,017 $130,567 $25,600 $104,967
2022 $13,047 $130,574 $25,600 $104,974
2021 $15,413 $125,644 $25,600 $100,044
2020 $12,473 $139,194 $25,600 $113,594
2019 $12,222 $136,057 $25,600 $110,457
2018 $14,564 $130,286 $25,600 $104,686
2017 $13,762 $125,986 $25,600 $100,386
2016 $13,813 $119,119 $25,600 $93,519
2015 $7,306 $113,900 $25,600 $88,300
2014 $7,306 $108,500 $25,600 $82,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10811268

Real Estate Board of New York (REBNY)

APN: 1497-1064