NOT LISTED FOR SALE

116 W 22nd St Unit 8 New York, NY 10011

Chelsea Neighborhood

Estimated Value: $2,292,000 - $2,767,865

2 Beds
3 Baths
1,567 Sq Ft
$1,429/mo HOA Fee

Last Sold January 14, 2014

Last sale price $2,075,000 $1,324 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $17,593/month

64 Days on Market

Highlights

  • City View
  • 3-minute walk to 23 Street (1,2 Line)
  • Central Air
  • P.S. 11 Sarah J. Garnet School Rated A
  • Balcony
  • 4-minute walk to Chelsea Green

About This Home

As of January 2014

Private, key-locked elevator opens directly in this beautiful, almost 1,600 sq ft, 2 bedroom, 2.5 bathroom Chelsea loft. The large living/dining room includes a wall of floor-to-ceiling windows with inset French doors with Juliette balcony, gas fireplace, custom-designed built-in bar with wine refrigerator, and beautiful Macassar Ebony details. The well-planned kitchen offers plenty of storage, top line appliances and a laundry room. The master suite has custom, Ebony built-ins, a walk-in closet and a gorgeous bathroom with separate soaking tub. The second bedroom includes more built-ins and en suite bath. Additional features are a Crestron home automation system, a fitness room, storage room and cyber doorman.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,256

Year Built

  • Built in 2004

HOA Fees

  • $1,429 Monthly HOA Fees

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • City Views
  • Balcony
  • Central Air

Community Details

  • The Soma Condos
  • Chelsea Subdivision

Listing and Financial Details

  • Tax Block 797

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,256

Year Built

Built in 2004

Lot Details

0

HOA Fees

$1,429 per month

Listing Details

  • Cross Street: Avenue of the Americas and Seventh Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 8
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Washer
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1429.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: The Soma
  • Year Built: 2004

Tax Info

  • Tax Block: 797
  • Tax Annual: 17256.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2013
Closed on
Jan 14, 2014
Sold by
Corwin Charles and Corwin Olivia Ma
Bought by
Lvovsky Lotsanivanh and Lvovsky Paul
List Price
$2,075,000
Sold Price
$2,075,000
Current Estimated Value
$2,509,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,716
Avg. Annual Appreciation
1.55%
Original Mortgage
$1,660,000
Outstanding Balance
$1,268,061
Interest Rate
4.47%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,212,673

Purchase Details

Closed on
Mar 6, 2007
Sold by
Soma Hudson Blue Llc
Bought by
Corwin Charles and Corwin Olivia Ma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,295,000
Interest Rate
6.33%
Source: Public Records

Range of Values:

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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
Lvovsky Lotsanivanh $2,075,000 --
Corwin Charles $1,795,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lvovsky Lotsanivanh $1,660,000
Previous Owner Corwin Charles $1,295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Off Market $2,075,000 -- --
01/14/2014 01/14/14 Sold $2,075,000 0.0% $1,324 / Sq Ft
12/15/2013 12/15/13 Pending -- -- --
10/11/2013 10/11/13 For Sale $2,075,000 -- $1,324 / 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 $29,880 $258,122 $10,669 $247,453
2024 $29,880 $239,002 $21,573 $227,148
2023 $27,667 $221,300 $11,817 $209,483
2022 $20,190 $437,656 $21,573 $416,083
2021 $25,136 $350,124 $21,573 $328,551
2020 $20,293 $375,874 $21,573 $354,301
2019 $18,979 $417,653 $21,573 $396,080
2018 $21,652 $170,231 $7,034 $163,197
2017 $20,048 $157,622 $7,367 $150,255
2016 $20,321 $157,622 $8,125 $149,497
2015 $12,215 $152,735 $8,334 $144,401
2014 $12,215 $141,422 $6,339 $135,083
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10470637

Real Estate Board of New York (REBNY)

APN: 0797-1508