NOT LISTED FOR SALE

Estimated Value: $3,789,000 - $6,785,197

-- Bed
-- Bath
4,000 Sq Ft
$1,264/Sq Ft Est. Value

Last Sold October 17, 2019

Last sale price $4,080,000 $1,020 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $31,361/month

104 Days on Market

Highlights

  • Pre War Building
  • P.S. 116 Mary Lindley Murray Rated A-
  • 5-minute walk to Grand Central-42 Street

About This Home

As of October 2019

Originally built in 1861, this sun-flooded 20-foot wide townhouse is located in the Murray Hill Historic District. It is four stories and approximately 4,220 square feet. The outdoor spaces consist of an enormous south-facing lush landscaped garden and a beautifully planted roof terrace, both have automatic watering and lighting systems. In addition there is an elevator and four wood burning fireplaces. The iconic Chrysler Building is visible from all floors of the home with beautiful evening views of its sparkling lighted top. GARDEN FLOOROff a gated forecourt is an entrance galley that leads to an entertainment room with a wood burning fireplace and a renovated kitchen with a breakfast room. Glass doors open onto the lavish garden that is 41 feet long and is ideal for alfresco dining and entertaining. In the front there is a guest bedroom with two closets and an en-suite full bathroom. Two large hallway closets complete this floor.PARLOR FLOORThe grand parlor floor has a corner 212 foot-long living room with five windows facing south and east. The magnificent room overlooks the garden, has a wood burning fireplace and 114 ceilings. There is a formal dining room with a wood burning fireplace and three windows overlooking the picturesque tree lined street. This floor also houses a full guest bathroom and a large storage closet.THIRD FLOORThe third floor has two large bedroom suites. One is currently being used as a library and has a kitchenette.FOURTH FLOORThe top floor has a corner master suite with four windows facing south and east with beautiful garden views. It has an en-suite bathroom with a skylight. There are two additional bedrooms, a hallway bathroom with a skylight and two hallway closets.ROOF TERRACEThe roof terrace is a tranquil oasis making it a wonderful setting for evening cocktails and beautiful sunsets.BASEMENTThe basement has a laundry area and a wine cellar.

Last Agent to Sell the Property

Cathy Franklin

Corcoran Group License #40FR0710876 Listed on: 06/04/2019

Corcoran Group

Co-Listed By

Alexis Bodenheimer

Corcoran Group License #40BO1025787

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,326

Year Built

  • Built in 1861

Lot Details

  • 1,960

Home Design

  • Pre War Building

Additional Features

  • 4-Story Property
  • Lot Dimensions are 98.0 x 20.0

Community Details

  • Murray Hill Subdivision

Listing and Financial Details

  • Tax Lot 62

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,326

Year Built

Built in 1861

Lot Details

0

Listing Details

  • Cross Street: 3rd Avenue & Lexington Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Murray Hill
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 98.0 x 20.0

Building Info

  • Units: 1
  • Total Stories: 4
  • Year Built: 1861

Tax Info

  • Tax Lot: 62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Malhotra Kunal and Sepassi Marjan
Bought by
Malhotra Trustee Kunal and Sepassi, Trustee, Marjan
Current Estimated Value
$5,056,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,873,383
Outstanding Balance
$1,777,262
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,279,037

Purchase Details

Listed on
Jun 4, 2019
Closed on
Oct 18, 2019
Sold by
Bny Mellon N A Co & Executor
Bought by
Malhotra Kunal and Sepassi Marjan
Seller's Agent
Cathy Franklin
Corcoran Group
List Price
$3,995,000
Sold Price
$4,080,000
Premium/Discount to List
$85,000
2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%
Original Mortgage
$3,000,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2019
Sold by
Bny Mellon Na As Trustee
Bought by
Bny Mellon Na As Co-Executor and Edwin T Layng Iii As Co-Executor
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
Malhotra Trustee Kunal -- --
Malhotra Kunal $4,080,000 --
Bny Mellon Na As Co-Executor -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malhotra Trustee Kunal $1,873,383
Previous Owner Malhotra Kunal $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2019 10/17/19 Sold $4,080,000 +2.1% $1,020 / Sq Ft
09/17/2019 09/17/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $3,995,000 -- $999 / 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 $54,326 $286,709 $152,835 $133,874
2024 $54,326 $270,480 $176,040 $76,140
2023 $59,806 $294,480 $176,040 $118,440
2022 $55,635 $312,300 $176,040 $136,260
2021 $58,651 $313,380 $176,040 $137,340
2020 $55,830 $334,620 $176,040 $158,580
2019 $52,053 $388,140 $176,040 $212,100
2018 $50,183 $246,176 $115,454 $130,722
2017 $47,343 $232,243 $114,252 $117,991
2016 $46,428 $232,243 $154,233 $78,010
2015 $26,205 $219,801 $137,851 $81,950
2014 $26,205 $207,360 $147,984 $59,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10566256

Real Estate Board of New York (REBNY)

APN: 0893-0062