NOT LISTED FOR SALE

159 E 118th St Unit 5 A New York, NY 10035

East Harlem Neighborhood

Estimated Value: $584,000 - $717,000

1 Bed
1 Bath
646 Sq Ft
$379/mo HOA Fee

Last Sold January 31, 2024

Last sale price $699,000 $1,082 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,096/month

Highlights

  • New Construction
  • 2-minute walk to 116 Street (4,6 Line)
  • Views
  • Rooftop Deck
  • Balcony
  • 3-minute walk to Harlem Art Park

About This Home

As of January 2024

Welcome to The Oslo at 159 East 118th Street, a one-of-a-kind new development condominium in vibrant East Harlem. Enjoy all the amenities associated with a 12 unit elevator building without the additional cost: A state of the art common gym furnished with all the essentials for your daily workout. Stunning oversized roof deck with exceptional views of the Manhattan skyline, perfect for entertaining or relaxing during the day. And large private storage units are available for purchase and common bike storage in the basement for your convenience.

Details galore, every apartment has been thoughtfully designed and features all custom cabinetry and high-end appliances. Most apartments showcase an oversized, quartz kitchen island and breakfast bar. Red oak floors span the living spaces and bedroom. With large, picture windows by Pella accentuating the tree lined street and neighboring architecture.

Unit 5A is a 1 bedroom, 1 bathroom apartment with a balcony off the living room. The open kitchen offers plenty of storage for essentials and is equipped with a Bertazzoni cooktop, and Blomberg appliance package.The bedroom, which can easily accommodate a king-sized bed set, also contains a generous closet.

The bathroom is spacious with a deep soaking tub from Emory & Bond, highlighted by honeycomb tiling and rain shower head. A suspended vanity is placed under the anti-fog, LED mirror that lights up with a touch. The hallway contains additional storage, including a closet for a washer/dryer.

Situated on 118th street between Lexington Ave and Third Ave, The Oslo is ringed by parks: Central Park, Harlem River Park and a quick trip to Randall's Island. Shopping is a breeze at East River Plaza. The building is central to many renowned and well-known restaurants such as Chef Marcus Samuelsson Red Rooster Harlem, Sylvia's "Queen of Soul Food," and Rao's, a famous haunt for southern Italian dining. Easy access to the 6 train at 116th Street, 4 & 5 trains at 125th Street, and 2/3 trains at 116th and Malcolm X Blvd. It's less than 10 min drive to the FDR.

The complete terms are in an offering plan available from the Sponsor File No. CD210258

Last Agent to Sell the Property

Benjamin Elesh

Corcoran Group License #10491208657 Listed on: 11/28/2023

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,537

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 2,526

HOA Fees

  • $379 Monthly HOA Fees

Home Design

  • 646 Sq Ft Home
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Washer Hookup
  • Balcony
  • No Cooling
  • Property Views

Listing and Financial Details

  • Legal Lot and Block 0027 / 01767

Community Details

Overview

  • 12 Units
  • High-Rise Condominium
  • The Oslo Condos
  • East Harlem Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,537

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$379 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: East Harlem
  • Entry Level: 5
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Fireplace: No
  • Living Area: 646.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: Other
  • View: Yes
  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: None, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 379.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: THE OSLO
  • Units: 12
  • Total Stories: 6
  • Year Built: 2022

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01767
  • Tax Lot: 0027

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2023
Closed on
Jan 31, 2024
Sold by
159 Nyc Llc
Bought by
Alvarez Grace Roseliz and Ramirez Holguin Eduardo
Seller's Agent
Benjamin Elesh
Corcoran Group
List Price
$715,000
Sold Price
$699,000
Premium/Discount to List
-$16,000
-2.24%
Views
4
Current Estimated Value
$644,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$54,319
Avg. Annual Appreciation
-4.62%
Original Mortgage
$399,000
Outstanding Balance
$391,949
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$252,732
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
Alvarez Grace Roseliz $699,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Grace Roseliz $399,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2024 01/31/24 Sold $699,000 -2.2% $1,082 / Sq Ft
12/23/2023 12/23/23 Off Market $715,000 -- --
11/28/2023 11/28/23 Pending -- -- --
11/28/2023 11/28/23 For Sale $715,000 -- $1,107 / 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 $15,537 $125,860 $16,320 $109,540
2024 $15,537 $124,273 $16,300 $107,848
2023 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10930067

Real Estate Board of New York (REBNY)

APN: 1767-1009