NOT LISTED FOR SALE

Estimated Value: $4,949,000 - $8,993,573

4 Beds
4 Baths
5,500 Sq Ft
$1,436/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $9,900,000 $1,800 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $49,561/month

285 Days on Market

Highlights

  • Wood Burning Fireplace
  • P.S. 6 Lillie D. Blake Rated A
  • 1-minute walk to 77 Street (4,6 Line)

About This Home

As of June 2021

119 East 78th Street is a beautifully renovated, 18'67 ft-wide, 4-story residence, located on a much coveted Townhouse block in the heart of the Upper East Side, between Park and Lexington Avenues.

This architectural gem was originally built in 1871 and later altered in 1936 by Harvey Stevenson & Eastman Studds in the neo-Classical style.

This home is currently laid out as a 3 Bedroom (potentially 4) townhouse with 4 Bathrooms and 2 powder rooms. Each of the bedrooms has its own dressing area with ensuite bath.

What makes this home special is its architectural aura, including a very gracious ascending staircase, as well as the scale of the entertaining spaces.

The beautiful 27'6 ft Living Room with its 11ft ceilings and WBFP (one of 4 in the house) is enhanced with a curved wall of floor to ceiling windows with access to a balcony, overlooking a 31ft deep mature garden.

The Formal Dining Room (currently used as a family room) is also beautifully scaled with another wall of windows and French doors leading to a beautifully planted garden with fountain.

The new kitchen is conveniently located off the current room used for dining and is connected by a back stair and butler's pantry. The kitchen is equipped with a six burner Viking range and hood, a large Subzero refrigerator and Kitchenaid dishwasher and microwave. It has a cozy windowed dining/breakfast area. There is a separate service entrance leading to the kitchen.

The paneled Library is stunning with its 15-foot ceilings and is located on the top floor with an elegant staircase leading to a sunny, south-facing, bi-level roof garden; a lovely greenhouse completes the upper level of this outdoor space.

The finished basement includes an abundance of storage and a large laundry room; it is a clean and nicely organized space.

This beautiful home underwent a total renovation completed in 2013 by Anik Pearson Architect PC. It is in move-in condition.

A perfect alternative to apartment living in New York City, this approximately 5,500 SF home offers the best in privacy and a much desirable and real country feel with over 1600 SF of total outdoor space.

Last Agent to Sell the Property

Sami Hassoumi

Brown Harris Stevens Residential Sales LLC License #30HA0765456 Listed on: 09/08/2020

Brown Harris Stevens Residential Sales LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $96,115

Lot Details

  • 1,917

Interior Spaces

  • 5,500 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Community Details

  • Upper East Side Subdivision

Listing and Financial Details

  • Tax Block 1413

Home Details

Home Type

Single Family

Est. Annual Taxes

$96,115

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 5500.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Building Info

  • Units: 1
  • Total Stories: 4

Tax Info

  • Tax Block: 1413

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Jun 15, 2021
Sold by
White Mary
Bought by
Ahmad Faiz Alvi and Nguyen Tram
Seller's Agent
Sami Hassoumi
Brown Harris Stevens Residential Sales LLC
List Price
$9,900,000
Sold Price
$9,900,000
Current Estimated Value
$7,899,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,000,857
Avg. Annual Appreciation
-5.05%
Original Mortgage
$6,125,000
Outstanding Balance
$5,545,424
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,353,719

Purchase Details

Closed on
Nov 3, 2011
Sold by
Slater Eleuteria A
Bought by
White Mary
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
Ahmad Faiz Alvi $8,750,000 --
White Mary $7,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmad Faiz Alvi $6,125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2021 06/21/21 Sold $9,900,000 0.0% $1,800 / Sq Ft
09/08/2020 09/08/20 For Sale $9,900,000 -- $1,800 / 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 $96,115 $498,450 $291,767 $206,683
2024 $96,115 $478,543 $349,980 $187,960
2023 $96,054 $472,963 $257,230 $215,733
2022 $91,134 $682,500 $349,980 $332,520
2021 $92,024 $717,840 $349,980 $367,860
2020 $87,922 $668,880 $349,980 $318,900
2019 $83,422 $699,780 $349,980 $349,800
2018 $80,345 $394,136 $206,949 $187,187
2017 $77,550 $380,428 $155,015 $225,413
2016 $72,846 $364,393 $184,666 $179,727
2015 $25,523 $346,146 $263,121 $83,025
2014 $25,523 $332,322 $291,051 $41,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10664614

Real Estate Board of New York (REBNY)

APN: 1413-0011