NOT LISTED FOR SALE

1295 Madison Ave Unit 6 A New York, NY 10128

Carnegie Hill Neighborhood

Estimated Value: $5,515,000 - $8,171,000

4 Beds
4.5 Baths
2,936 Sq Ft
$5,397/mo HOA Fee

Last Sold June 10, 2024

Last sale price $7,995,000 $2,723 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $47,143/month

32 Days on Market

Highlights

  • City View
  • Central Air
  • High-Rise Condominium
  • Ps 198 Isador E Ida Straus Rated A

About This Home

As of June 2024

The final four-bedroom plus library at The Wales, which is now 70% sold.

Generously scaled and sun-drenched, Residence 6A is a 2,936 square-foot corner home with four bedrooms, an additional library, four baths, and a powder room. It is now ready for immediate occupancy. This new development condominium enjoys southwestern exposures and direct views of Central Park.

The gracious entry gallery leads into a 24' x 21'3" great room with coffered ceilings and captivating southern and western corner windows, a wet bar, and an adjacent library. Interiors, custom designed by Cabinet Alberto Pinto, are outfitted with custom decorative cornices and base moldings, white oak flooring in a natural waxed finish in a herringbone pattern in entertaining rooms, and nearly 10' ceilings.

The enclosed eat-in kitchen by interior designer Cabinet Alberto Pinto has custom white lacquer millwork with Art Deco-inspired geometric relief patterning. Countertops and backsplashes are decked in brilliant Crystal Grey calcite slabs. It is appointed with an integrated Sub-Zero refrigerator and wine fridge, Wolf gas range with an outside vented hood, Wolf wall oven, Wolf speed oven, and integrated Cove dishwasher.

Grandly proportioned, the primary bedroom suite includes an oversized walk-in closet and features a five-fixture bathroom with Bianco Carrera and Grigio Nicola marble geometric tile flooring. The custom-designed white glossy lacquer vanity has Bianco Carrera countertops and Kallista fittings in chrome.

The secondary bedrooms feature en-suite bathrooms with custom vanities in a beige glossy lacquer finish and Bianco Estremoz marble countertops and Crema Marfil and Bianco Estremoz marble tile flooring and walls. The powder room features White Civec marble walls and Calacatta Oro marble floors and wainscoted walls.

The residence features a utility room with a side-by-side washer / vented dryer and dedicated wash sink. Each residence includes a zoned heating and cooling system which assures year-round comfort.

Now offering immediate closings, The Wales is a beloved Carnegie Hill landmark reimagined for full-service condominium living on the Upper East Side. The elegant 24-hour attended lobby features coffered ceilings, a custom walnut and marble concierge desk, and antique mirrored walls. Amenities include a sophisticated oak-paneled fitness center with Peloton and Hydrow equipment, a pet spa with grooming station, cold storage with the doorman, bicycle storage, and private storage for purchase.


The complete offering terms are in an offering plan available from the Sponsor. File# CD200207. Sponsor Name: 1295 Property LLC, 1636 A Third Avenue, New York, NY 10128.

Last Agent to Sell the Property

The Wales Sales Office

Corcoran Sunshine Marketing Group Listed on: 03/28/2024

Corcoran Sunshine Marketing Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $59,111

Year Built

  • Built in 2023

Lot Details

  • 6,273

HOA Fees

  • $5,397 Monthly HOA Fees

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 2,936 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Utilities

  • Central Air

Community Details

  • 21 Units
  • High-Rise Condominium
  • The Wales Condos
  • Carnegie Hill Subdivision
  • 11-Story Property

Listing and Financial Details

  • Legal Lot and Block 0020 / 01504

Property Details

Home Type

Condominium

Est. Annual Taxes

$59,111

Year Built

Built in 2023

Lot Details

0

HOA Fees

$5,397 per month

Listing Details

  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Carnegie Hill
  • Entry Level: 10
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Pets No Pets Comments: Pets allowed,Building Pets Allowed Comments:Pets allowed
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Fireplace: No
  • Living Area: 2936.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 4

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Elevator(s), Green Building
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5397.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: THE WALES
  • Units: 21
  • Total Stories: 11
  • Year Built: 2023

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01504
  • Tax Lot: 0020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
Jun 10, 2024
Sold by
1295 Property Llc
Bought by
Bock Ionela and Bock Jonathan Gerald
Seller's Agent
The Wales Sales Office
Corcoran Sunshine Marketing Group
List Price
$7,995,000
Sold Price
$7,995,000
Views
7
Current Estimated Value
$6,965,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,029,726
Avg. Annual Appreciation
-9.57%
Original Mortgage
$3,804,600
Outstanding Balance
$3,756,695
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,208,579
Source: Public Records

Range of Values:

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Average Value
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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
Bock Ionela $7,762,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bock Ionela $3,804,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2024 06/10/24 Sold $7,995,000 0.0% $2,723 / Sq Ft
06/10/2024 06/10/24 Off Market $7,995,000 -- --
05/14/2024 05/14/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $7,995,000 -- $2,723 / 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 $59,111 $469,922 $185,682 $284,240
2024 $59,111 $472,811 $185,683 $287,129
2023 $57,702 $461,540 $185,682 $275,858
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10972269

Real Estate Board of New York (REBNY)

APN: 1504-1115