NOT LISTED FOR SALE

Estimated Value: $1,770,000 - $4,982,000

4 Beds
4 Baths
2,750 Sq Ft
$3,899/mo HOA Fee

Last Sold July 31, 2024

Last sale price $4,960,000 $1,804 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $24,436/month

79 Days on Market

Highlights

  • Concierge
  • Indoor Pool
  • Children's Playroom
  • P.S. 171 Patrick Henry Rated A
  • City View
  • 5-minute walk to Mae Grant Park

About This Home

As of July 2024

Measuring nearly 2800 square feet, this one-of-a-kind four-bedroom Prewar condominium home boasts over 60 feet of Central Park frontage with panoramic views. Meticulously renovated, the property features custom wood floors, an oversized living room, separate dining room, exquisite chef's kitchen, large primary suite and three additional bedrooms.

Direct elevator access grants immediate entree to the double-wide living room with a wall of windows and expansive Central Park vistas, perfect for entertaining in every season. The living room also has a library nook lined with custom millwork bookcases. The park-facing primary bedroom enjoys an ensuite marble bath with an oversized vanity, separate soaking tub and walk in shower, along with ample closet space. To the other side of the living room are the second and third bedrooms, also facing the park, each with a full bathroom attached.

In the east wing of the apartment is the dining room with a butler's pantry, adjacent to the state-of-the-art windowed kitchen featuring Miele refrigeration, two Miele ovens, Thermador six-burner range, two Miele dishwashers, and full-sized Viking wine refrigerator. This is everything your inner chef or host could want and more! The light-filled dining room can easily seat 12 people. The fourth bedroom is currently configured as a media room with a fourth full bath. Truly, this is the perfect apartment in which to spread out for years to come.

Twelve-Twelve Fifth Avenue is a pet-friendly, full-service renovated Prewar condominium. Originally designed by the Blum Brothers in the 1930s, the building's charm and character has been preserved within the modern living sensibilities, a true rarity along Fifth Avenue. Exceptional amenities include 24/7 doorman/concierge, a 2500-square-foot Fitness Center, Residents' Lounge, Children's Playroom and Bike Room. Conveniently located on Manhattan's Museum Mile, 1212 is a stone's throw from the Museum of the City of New York and of course, perfectly positioned across from Central Park.

Last Agent to Sell the Property

Scott Harris

MAGNETIC License #30HA0973548 Listed on: 03/04/2024

MAGNETIC

Co-Listed By

Robert Levine

Brown Harris Stevens Residential Sales LLC License #10401284693

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36,948

Year Built

  • Built in 1925

Lot Details

  • 10,106

HOA Fees

  • $3,899 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 2,750 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Additional Features

  • Indoor Pool
  • Cooling Available

Listing and Financial Details

  • Tax Block 01607

Community Details

Overview

  • 55 Units
  • High-Rise Condominium
  • Twelve Twelve Fifth Condos
  • Upper Fifth Subdivision
  • 15-Story Property

Amenities

  • Concierge
  • Children's Playroom

Property Details

Home Type

Condominium

Est. Annual Taxes

$36,948

Year Built

Built in 1925

Lot Details

0

HOA Fees

$3,899 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper Fifth
  • Entry Level: 7
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 15

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 2750.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: City, Park/Greenbelt
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Common Playroom, Concierge, Indoor Pool
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3899.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: Twelve Twelve Fifth
  • Units: 55
  • Total Stories: 15
  • Year Built: 1925

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01607
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Jul 31, 2024
Sold by
10029 Management Squad Llc
Bought by
Acocella Kerry and Pero Richard
Seller's Agent
Scott Harris
MAGNETIC
List Price
$4,995,000
Sold Price
$4,960,000
Premium/Discount to List
-$35,000
-0.7%
Views
40
Current Estimated Value
$3,188,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,771,482
Avg. Annual Appreciation
-34.88%
Original Mortgage
$3,720,000
Outstanding Balance
$3,685,128
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$496,610

Purchase Details

Closed on
Sep 20, 2023
Sold by
Hendricks Greer Kessel and Hendricks John Robert
Bought by
10029 Management Squad Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,800,000
Interest Rate
7.23%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 13, 2012
Sold by
1212 Fifth Avenue Associates Llc and % Durst Fetner Residential Llc
Bought by
Hendricks Greer Kessel and Hendricks John Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,080,000
Interest Rate
3.91%
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
Acocella Kerry $4,960,000 --
10029 Management Squad Llc -- --
10029 Management Squad Llc -- --
Hendricks Greer Kessel $2,600,000 --
Hendricks Greer Kessel $2,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acocella Kerry $3,720,000
Previous Owner 10029 Management Squad Llc $4,800,000
Previous Owner Hendricks Greer Kessel $1,006,148
Previous Owner Hendricks Greer Kessel $350,000
Previous Owner Hendricks Greer Kessel $647,352
Previous Owner Hendricks Greer Kessel $2,080,000
Previous Owner Hendricks Greer Kessel $684,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $4,960,000 -0.7% $1,804 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
03/04/2024 03/04/24 For Sale $4,995,000 -- $1,816 / 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 $36,948 $307,776 $11,388 $296,388
2024 $36,948 $295,535 $11,388 $284,147
2023 $29,636 $292,839 $11,388 $281,451
2022 $29,155 $291,579 $11,388 $280,191
2021 $34,986 $285,201 $11,388 $273,813
2020 $28,475 $315,885 $11,388 $304,497
2019 $27,243 $308,786 $11,388 $297,398
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10961748

Real Estate Board of New York (REBNY)

APN: 1607-1124