NOT LISTED FOR SALE

Estimated Value: $12,847,194

7 Beds
7 Baths
9,468 Sq Ft
$1,357/Sq Ft Est. Value

Last Sold September 28, 2017

Last sale price $10,700,000 $1,130 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $82,492/month

482 Days on Market

About This Home

As of September 2017

16 East 82nd Street sits on one of the most unique blocks in Manhattan, known as the "gateway" to the Metropolitan Museum of Art. Set in the heart of the Metropolitan Museum Historic District, this grand and stately townhouse was built in the Queen Anne style by builder-architect Edward Kilpatrick in 1888 and was first occupied by Van Wyck and Mary Brinckerhoff. 16 East 82nd Street is five stories tall with intricate faade details, including three round-arched windows (formerly with stoop entry), a dentiled cornice and a steep roof with two gabled dormers. At 25'-wide and approximately 9,468 square feet of interior space, 16 East 82nd Street is currently configured as a ground floor doctor's office below six residential apartments - four free market and two rent stabilized. This opportunity is rare and unique and the location is irreplaceable. There are 21 grand mansions on the block and this stately townhouse is only steps to Central Park and the finest of Madison Avenue's retail shops. Future uses include live with income, long-term hold of a trophy investment asset, or single-family mansion conversion.

Last Agent to Sell the Property

Ravi Kantha

Serhant License #10301211231 Listed on: 05/02/2016

Serhant

Co-Listed By

Matthew Lesser

Leslie J Garfield & Co Inc License #10301217047

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $181,366

Home Design

  • 9,468 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Community Details

  • Upper East Side Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$181,366

Lot Details

0

Listing Details

  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Living Area: 9468.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 7
  • Bedrooms: 7

Building Info

  • Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2020
Sold by
16 East 82Nd Owner Llc
Bought by
The Jm Revocable Trust Dated 0/2020 and Uel Rheem As Trustee
Current Estimated Value
$12,847,194

Purchase Details

Listed on
May 2, 2016
Closed on
Sep 14, 2017
Sold by
Estate Of Mark Kalik
Bought by
16 East 82Nd Owner Llc
Seller's Agent
Ravi Kantha
Serhant
List Price
$14,950,000
Sold Price
$10,700,000
Premium/Discount to List
-$4,250,000
-28.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.27%
Original Mortgage
$4,669,952
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2001
Sold by
Kalik Muriel
Bought by
Kalik Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
7.09%
Mortgage Type
Commercial
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
The Jm Revocable Trust Dated 0/2020 $12,250,000 --
16 East 82Nd Owner Llc $10,700,000 --
Kalik Mark -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 16 East 82Nd Owner Llc $4,669,952
Previous Owner Kalik Mark $2,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $10,700,000 -- --
09/28/2017 09/28/17 Sold $10,700,000 -28.4% $1,130 / Sq Ft
08/29/2017 08/29/17 Pending -- -- --
05/03/2016 05/03/16 For Sale $14,950,000 -- $1,579 / 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 $181,366 $1,559,630 $396,335 $1,163,295
2024 $181,366 $1,450,693 $666,000 $1,057,465
2023 $177,957 $1,450,693 $455,941 $994,752
2022 $105,329 $2,295,450 $666,000 $1,629,450
2021 $158,943 $2,247,300 $666,000 $1,581,300
2020 $149,640 $2,361,150 $666,000 $1,695,150
2019 $140,740 $2,424,600 $666,000 $1,758,600
2018 $141,934 $1,115,918 $340,879 $775,039
2017 $136,910 $1,076,420 $371,872 $704,548
2016 $128,493 $996,686 $379,788 $616,898
2015 $55,977 $922,858 $384,308 $538,550
2014 $55,977 $858,399 $387,444 $470,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10474929

Real Estate Board of New York (REBNY)

APN: 1493-0062