NOT LISTED FOR SALE

Estimated Value: $5,188,000 - $12,624,563

8 Beds
11 Baths
8,524 Sq Ft
$1,045/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $13,000,000 $1,525 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $53,379/month

446 Days on Market

Highlights

  • 3 Fireplaces
  • 2-minute walk to 3 Avenue
  • 4-minute walk to Union Square Park
  • P.S. 110 Florence Nightingale Rated A
  • Central Air

About This Home

As of June 2024

STUNNING 25-FOOTER MODERN TOWNHOUSE WITH ELEVATOR. CENTRALLY LOCATED NEAR GRAMERCY PARK AND UNION SQUARE.

This remarkable single-family home was originally built in 1887 and has been transformed into an architectural masterpiece. The facade was meticulously updated with enlarged openings, solid mahogany windows by Zeluck and fully restored brick and brownstone. Designed for luxurious living and the highest caliber entertaining, the five story residence sprawls over 8,524 square feet and features an additional outdoor space plus a roof terrace. There are five bedrooms suites, two maid's room, a guest room, 8 full bathrooms, and two powder rooms. The house entertaining spaces are grand and gracious featuring an exquisite living room with fireplace and patio leading to the private garden, a large dining room with space to host the most lavish dinners, a library, a chef's kitchen with breakfast area, a family room with direct access to the garden, a playroom, a reading alcove and media rooms. Filled with original historical details, there are 5 wood burning fireplaces, 2 gas fireplaces, plaster moldings, an elevator servicing all the floors, new mechanicals and a humidification system in the HVAC.

GARDEN FLOOR: The garden floor has a private entrance that leads to an expansive kitchen equipped with top-of-the-line appliances and a large eat-in area. There is a powder room, pantry room and wine storage followed by a large family room that opens up to the garden.

PARLOR FLOOR: With a separate entrance, soaring ceilings and old-world details, the stunning parlor floor is the ideal set for entertaining. The grand salon features an elegant front library with wood burning fireplace, an expansive dining room with a second wood burning fireplace and following grand living room with gas fireplace overlooking the garden. There is a beautiful balcony and steel stairs leading to the outdoor entertaining space.

THIRD FLOOR: This floor houses the grand primary suite with a large dressing area as well as a separate dressing room and a quiet sitting room/office overlooking the garden. There are two full marble bathrooms in this level, one of them with both stall shower and oversized tub.

FOURTH FLOOR: The fourth floor has three bedrooms all with en-suite bathrooms, an atrium or reading alcove and an 18x14 playroom. There is excellent closet space and light throughout.

FIFTH FLOOR: The top floor houses the recreation area. There is a large media/entertainment room with wet bar, a Gym/guest room, laundry room, two maid's rooms with en suite bathrooms and an additional full bathroom. The elevator services also this floor.

Available to be shown flexibly and on short notice. Pictures are conceptually and virtually staged. Additional pictures upon request.

Last Agent to Sell the Property

Spencer Ting

Corcoran Group License #10401207897 Listed on: 03/11/2024

Corcoran Group

Co-Listed By

Alejandra Rivelis

Corcoran Group License #10401287612

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,008

Year Built

  • Built in 1887

Lot Details

  • 2,575 Sq Ft Lot
  • Lot Dimensions are 103.00x25.00

Interior Spaces

  • 8,524 Sq Ft Home
  • 4-Story Property
  • 3 Fireplaces

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Laundry in unit
  • Washer Dryer Allowed

Utilities

  • Central Air

Community Details

  • Gramercy Subdivision

Listing and Financial Details

  • Legal Lot and Block 0031 / 00871

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,008

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Gramercy
  • Architectural Style: Walk-Up
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Other
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 8524.0
  • Living Area Units: Square Feet
  • Rooms (Total): 19
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 9
  • Half Bathrooms: 2
  • Bathrooms Integer: 10
  • Bedrooms: 8

Exterior Features

  • View: Other
  • View: No
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2575.0
  • Lot Size Dimensions: 103.00x25.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Total Stories: 4
  • Year Built: 1887

Tax Info

  • Tax Block: 00871
  • Tax Lot: 0031
  • Tax Annual: 46008.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Jun 21, 2024
Sold by
135 Llc
Bought by
Gregory Akselband As Trustee and Samuel Ruggles Conservancy Trust U/T/A D
Seller's Agent
Spencer Ting
Corcoran Group
List Price
$14,800,000
Sold Price
$13,000,000
Premium/Discount to List
-$1,800,000
-12.16%
Views
90
Current Estimated Value
$8,906,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,093,718
Avg. Annual Appreciation
-30.73%
Original Mortgage
$7,000,000
Outstanding Balance
$6,929,167
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,977,115

Purchase Details

Closed on
Mar 6, 2008
Sold by
The Correctional Association Of New York
Bought by
135 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Gregory Akselband As Trustee $13,000,000 --
135 Llc $5,800,000 --
135 Llc $5,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregory Akselband As Trustee $7,000,000
Previous Owner 135 Llc $5,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $13,000,000 -12.2% $1,525 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
03/01/2023 03/01/23 For Sale $14,800,000 -- $1,736 / 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 $48,590 $241,920 $104,052 $137,868
2024 $48,590 $241,920 $223,020 $142,691
2023 $48,763 $240,107 $91,171 $148,936
2022 $45,220 $604,800 $223,020 $381,780
2021 $44,972 $649,920 $223,020 $426,900
2020 $42,673 $740,220 $223,020 $517,200
2019 $42,173 $719,700 $223,020 $496,680
2018 $40,788 $200,089 $69,056 $131,033
2017 $38,480 $188,764 $53,951 $134,813
2016 $35,600 $178,080 $67,716 $110,364
2015 $18,158 $168,000 $95,821 $72,179
2014 $18,158 $168,000 $114,988 $53,012
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10974949

Real Estate Board of New York (REBNY)

APN: 0871-0031