NOT LISTED FOR SALE

Estimated Value: $922,000 - $1,429,219

1 Bed
1 Bath
889 Sq Ft
$1,204/mo HOA Fee

Last Sold August 09, 2013

Last sale price $1,475,000 $1,659 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $8,899/month

65 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to 49 Street
  • Balcony
  • P.S. 111 Adolph S. Ochs Rated A-
  • City View
  • 3-minute walk to 745 Plaza

About This Home

As of August 2013

Wonderful and unique opportunity to own a Luxury Penthouse at the gateway to Times Square: contemporary finishes, solid oak floors, 11 foot ceilings, floor to ceiling windows and a private balcony with Western exposure. This luxury apartment has also a second windowed room that could be used as an home/office or as an additional sleeping area. Bosch washer/dryer. Perfect for an investor, as pied a terre or as a corporate purchase.
Kitchen: the windowed open kitchen has beautiful granite countertops, glass backsplashes, Bosch range, LG microwave, Sub-Zero fridge and a Miele dishwasher.
Bathroom: the large master bathroom features limestone walls and floors, a deep soaking tub for relaxing and a unique limestone countertop with a customized stainless steel basin.
1600 Broadway is a modern condominium built on the site of the 102-year-old Studebaker Building. This full service building offers state of the art amenities: "Club On The Square" on the entire fourth floor has a lounge with billiards, outdoor putting green, virtual golf, fitness center a conference center and a terrace with beautiful views of the Times Square. The rooftop Observatory offers dramatic Times Square views.

Last Agent to Sell the Property

Marco Rossi

Rossi Living LLC License #49RO1171337 Listed on: 05/06/2013

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,984

Year Built

  • Built in 2006

HOA Fees

  • $1,204 Monthly HOA Fees

Interior Spaces

  • 889 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Listing and Financial Details

  • Legal Lot and Block 7502 / 1020

Community Details

Overview

  • Midtown West Subdivision
  • 25-Story Property

Amenities

  • Rooftop Deck
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,984

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,204 per month

Listing Details

  • Cross Street: West 48th Street/West 49th Street
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown West
  • Entry Level: 25
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 25

Interior Features

  • Interior Features: Dining Area
  • Appliances: Dryer, Washer
  • Living Area: 889.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Courtyard, Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Other

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1204.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 25
  • Year Built: 2006

Tax Info

  • Tax Block: 1020
  • Tax Lot: 7502
  • Tax Annual: 9984.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2013
Closed on
Aug 2, 2013
Sold by
Magica Rosa Llc and Konner Teitelbaum %
Bought by
Kalganov Sergey and Kalganova Victoria
Seller's Agent
Marco Rossi
Rossi Living LLC
List Price
$1,475,000
Sold Price
$1,475,000
Current Estimated Value
$1,077,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$397,695
Avg. Annual Appreciation
-2.61%

Purchase Details

Closed on
Jun 23, 2010
Sold by
Davis Otis A
Bought by
Magica Rosa Llc

Purchase Details

Closed on
Aug 17, 2006
Sold by
Sherwood 1600 Associates
Bought by
Davis Otis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Kalganov Sergey $1,475,000 --
Kalganov Sergey $1,475,000 --
Magica Rosa Llc $925,000 --
Magica Rosa Llc $925,000 --
Davis Otis A $1,501,919 --
Davis Otis A $1,501,919 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Otis A $350,000
Previous Owner Davis Otis A $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2013 08/09/13 Sold $1,475,000 0.0% $1,659 / Sq Ft
07/10/2013 07/10/13 Pending -- -- --
05/06/2013 05/06/13 For Sale $1,475,000 -- $1,659 / 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
2024 $20,605 $164,812 $27,369 $137,443
2023 $20,328 $165,712 $27,369 $138,343
2022 $19,356 $158,205 $27,369 $130,836
2021 $20,269 $166,113 $27,369 $138,744
2020 $20,539 $183,314 $27,369 $155,945
2019 $20,258 $178,375 $27,369 $151,006
2018 $20,747 $178,597 $27,369 $151,228
2017 $16,897 $160,797 $27,369 $133,428
2016 $16,197 $169,182 $27,368 $141,814
2015 $7,571 $157,197 $27,368 $129,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10039502

Real Estate Board of New York (REBNY)

APN: 1020-1237