NOT LISTED FOR SALE

Estimated Value: $6,112,000 - $14,709,903

5 Beds
7 Baths
7,640 Sq Ft
$1,363/Sq Ft Est. Value

Sale Details

Date Sold: June 1, 2020

Last sale price $14,240,000 $1,864 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $62,333 / mo

302 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to 96 Street (4,6 Line)
  • Den
  • Ps 198 Isador E Ida Straus Rated A
  • Terrace
  • 4-minute walk to Samuel Seabury Playground

About This Home

As of June 2020

Perfectly located on one of Carnegie Hills finest tree-lined streets, this spectacular 25-foot wide ground up state-of-the-art mansion was expertly conceived by the renowned architect, David Mann of MR Architecture + Dcor. The faade is exquisitely finished in Indiana limestone and the home spans five stories plus a finished basement which totals approximately 7,640 square feet. The lavish outdoor spaces include a 35-foot long garden and a stunning roof terrace with city views. There are five bedrooms, four full bathrooms and three powder rooms. The impressive home has steel and beam construction and an all-glass rear faade. There are three wood-burning fireplaces, a hydraulic elevator, five-zone central air conditioning, radiant and gas heat, a humidification system, a gas generator, a water filtration system, and a security system. There is a custom wine room on the parlor floor that holds 1,000 bottles and is set up for tastings and in the basement is an additional wine cellar that holds 3,000 bottles. The highest quality finishes were used throughout the design and construction; there are white oak and blue stone floors, walnut cabinetry, walnut stairs, and Gerber fixtures. In addition, a Crestron Total Home Technology system integrates the extensive audio/video components, HVAC system, Lutron lighting system and motorized shades. This luxurious home is one of those rare residences that provides not only grand spaces for entertaining, but also has elegant private living quarters with all the comforts one could possibly hope for in a home.GARDEN FLOOR:Upon entering the residence is a soaring double height atrium that goes up to 20.5 feet high which basks the home in sunlight and creates expansive walls for showcasing art. Off of the atrium is a magnificent living room with the first wood burning fireplace and a retractable wall of glass opening onto the impressive garden. The enchanting garden is the ideal space for alfresco entertaining and has an automatic lighting system. In the front is a windowed south-facing kitchen that is 214 long and has a center island with seating as well as a breakfast area. There are custom stainless steel and walnut cabinets, a stainless steel backsplash, soapstone countertops and blue stone floors. The kitchen is equipped with top-of-the-line appliances including a Subzero refrigerator/freezer, a Blue Star 8-burner range and vented hood, two Gaggenau ovens, a Miele Dishwasher, a Hobart steam glasswasher, a U-Line icemaker, and three sinks. There are three large pantry closets. A powder room and four front hallway closets complete this floor.PARLOR FLOOR:A handsome walnut staircase leads up to the parlor floor. In the rear is a grand library that has the second wood burning fireplace and a wall of floor-to-ceiling windows overlooking the neighboring lush gardens. There is a powder room and a custom glass enclosed wine room. In the front, is a south-facing formal dining room as well as a windowed serving kitchen with a Blue Star 4-burner range and oven, a Miele dishwasher, a Subzero refrigerator/freezer and a sink.THIRD FLOOR:The third floor houses four bedrooms and three full bathrooms, one with both a shower and an oversized bathtub and the other two with walk-in showers. There is also a large lounge area between the bedrooms and a laundry room with a Miele vented washer/dryer and a sink.FOURTH FLOOR:Overlooking the garden is the extraordinary master bedroom suite featuring the third wood burning fireplace and a wall of floor-to-ceiling windows. Off of the bedroom is a dressing room with seven custom closets one of which is a large walk-in with a built-in vanity area with a sink. The glamorous windowed master bathroom is finished in limestone and has radiant heat in the floors. It has two sinks, an enormous walk-in shower with three showerheads, one of which is a rain-head, as well as jets, and a separate oversized soaking bathtub. There is also a master sitting room that has custom bookshelves and overlooks the beautiful tree-lined street.FIFTH FLOOR:At the top is a sun-flooded entertaining room that has two walls of floor-to-ceiling windows. There is kitchenette with a Subzero refrigerator, a Subzero freezer, a Miele dishwasher and a sink. Facing south is an incredible 23 x 18 terrace that is finished in teak and has a retractable awning as well as speakers and lighting. BASEMENT:There is a custom wine cellar, a laundry room with a Bosch vented washer/dryer and a sink as well as a mechanical room which houses all the state-of-the-art equipment.

Last Agent to Sell the Property

Cathy Franklin*

Corcoran Group License #40FR0710876 Listed on: 09/12/2019

Corcoran Group

Co-Listed By

Alexis Bodenheimer

Corcoran Group License #40BO1025787

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1868

Lot Details

  • Lot Dimensions are 25.0 x 100.0
  • Garden

Home Design

  • Pre War Building
  • Entry on the 5th floor

Interior Spaces

  • 7,640 Sq Ft Home
  • Entrance Foyer
  • Den
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • Cooling Available

Listing and Financial Details

  • Tax Block 1521

Community Details

Overview

  • Carnegie Hill Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1868

Lot Details

2,526 Sq Ft Lot

Listing Details

  • Cross Street: Park Avenue & Lexington Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Carnegie Hill
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 5

Interior Features

  • Interior Features: Den, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Living Area: 7640.0
  • Living Area Units: Square Feet
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Bathrooms Integer: 7
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Other
  • Cooling: Yes

Lot Info

  • Lot Size Dimensions: 25.0 x 100.0

Building Info

  • Units: 1
  • Total Stories: 5
  • Year Built: 1868

Tax Info

  • Tax Block: 1521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2019
Closed on
Jun 1, 2020
Sold by
Pacermer Llc
Bought by
Allerton House Llc
Seller's Agent
Cathy Franklin*
Corcoran Group
List Price
$16,250,000
Sold Price
$14,240,000
Premium/Discount to List
-$2,010,000
-12.37%
Current Estimated Value
$10,410,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,829,048
Avg. Annual Appreciation
-5.22%
Original Mortgage
$2,220,000
Outstanding Balance
$1,971,529
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$8,439,423

Purchase Details

Closed on
Dec 31, 2019
Sold by
Pacermer Llc
Bought by
Gold And Blue Mar Llc

Purchase Details

Closed on
Dec 20, 2019
Sold by
Miller Rodney
Bought by
Pacermer Llc

Purchase Details

Closed on
Aug 18, 2003
Sold by
Young Men'S & Young Women'S Hebrew Assoc
Bought by
Miller Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 1996
Sold by
Weinstein Norman S and Jawitz Lynn M
Bought by
Young Mens & Young Womens Hebrew Assn
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Allerton House Llc $14,240,000 --
Gold And Blue Mar Llc $14,240,000 --
Pacermer Llc -- --
Miller Rodney $2,510,000 --
Young Mens & Young Womens Hebrew Assn $1,035,000 Title Associates Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allerton House Llc $2,220,000
Previous Owner Miller Rodney $3,150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2020 06/01/20 Sold $14,240,000 -12.4% $1,864 / Sq Ft
05/02/2020 05/02/20 Pending -- -- --
07/05/2019 07/05/19 For Sale $16,250,000 -- $2,127 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $81,068 $427,844 $160,980 $266,864
2024 $81,068 $403,627 $329,400 $265,830
2023 $77,333 $380,782 $130,273 $250,509
2022 $71,713 $857,280 $329,400 $527,880
2021 $75,600 $921,240 $329,400 $591,840
2020 $75,468 $880,500 $329,400 $551,100
2019 $70,362 $682,860 $329,400 $353,460
2018 $64,685 $317,318 $106,380 $210,938
2017 $61,024 $299,358 $83,527 $215,831
2016 $59,845 $299,358 $103,643 $195,715
2015 $34,061 $297,114 $154,299 $142,815
2014 $34,061 $280,297 $174,684 $105,613
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10621943

Real Estate Board of New York (REBNY)

APN: 1521-0012

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