NOT LISTED FOR SALE

Estimated Value: $1,763,000 - $2,926,000

1 Bed
1.5 Baths
1,500 Sq Ft
$1,437/mo HOA Fee

Last Sold April 07, 2021

Last sale price $2,700,000 $1,800 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $15,881/month

43 Days on Market

Highlights

  • Pre War Building
  • P.S. 110 Florence Nightingale Rated A-
  • 2-minute walk to ABC Playground

About This Home

As of April 2021

Avoid the cookie cutter buildings popping up downtown and make this one-of-a-kind PENTHOUSE LOFT in the Lower East Side your home. Spaces like this one do not come up often & in these times this one is even more of a gem. On the top of 175 East 2nd St, built in 1920 and formerly a factory but now a boutique, Pre-War, Elevator Condo building. This loft spans the building's entire width & is stunning. The interior space of approx 1500' welcomes lucky visitors with a full wall of South-facing windows, including 8 windows in the living room alone! Double exposures assure constant light, plus 2 gorgeous skylights add to the gallery-like feel. The 11' ceilings have exposed beams & columns, a decorative fire place that could be made to work again & exposed brick walls add to the authenticity & charm of the space, giving it all a warm vibe. An open kitchen with high end appliances and ample counter & cabinet space is perfect for preparing intimate or grand meals. There's a large den area with its own skylight that converts to a second sleeping area or a HOME OFFICE & there's a 1/2 Bath on the west side of the loft which could be expanded to a 2nd Full Bath. The main bedroom is giant with 2 big windows, an en-suite bathroom with its own skylight, & a walk-in closet. And there is another fire place currently covered by a large mirrored wall fixture that could be uncovered & made to work again on the eastern wall in the BR, so there could be 2 working fire places in this loft! The LR could easily accommodate a 2nd BR or even 3BR layout. But the most unique feature by far is the approx 1400' of PRIVATE ROOF SPACE, which makes this loft truly magical. Enjoy Southern views down to the Financial District, Western views for sunsets & Northern views all the way to the Chrysler & Met-Life buildings. It's the perfect retreat from the world. Pets are allowed, W/D are allowed. Extremely close to J/M/F/Z/B/D trains. There are countless options in this very charming neighborhood to eat, drink, shop and relax including Katz's Delicatessen, Russ & Daughters & Essex Market, plus both Whole Foods & Trader Joes are within a 5 minute walk. These sorts of spaces are indeed rare. Please contact me to see this absolute beauty in the sky. Shown by appointment only.

Last Agent to Sell the Property

Jonathan Wolfe

Brown Harris Stevens Residential Sales LLC License #40WO1117696 Listed on: 01/04/2021

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,016

Year Built

  • Built in 1920

HOA Fees

  • $1,437 Monthly HOA Fees

Home Design

  • 1,500 Sq Ft Home
  • Pre War Building
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Washer Dryer Allowed

Community Details

  • 21 Units
  • East Village Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 00397

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,016

Year Built

Built in 1920

Lot Details

0

HOA Fees

$1,437 per month

Listing Details

  • Cross Street: AVENUE A and AVENUE B
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: East Village
  • Architectural Style: Prewar
  • Entry Level: 5
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1500.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

  • Patio/Porch Features: Rooftop

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1437.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Units: 21
  • Total Stories: 5
  • Year Built: 1920

Tax Info

  • Tax Block: 00397
  • Tax Annual: 26016.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2021
Closed on
Apr 7, 2021
Sold by
Wasson Erin E
Bought by
Gersh Damon and Gersh Rachelle
Seller's Agent
Jonathan Wolfe
Brown Harris Stevens Residential Sales LLC
List Price
$2,650,000
Sold Price
$2,700,000
Premium/Discount to List
$50,000
1.89%
Current Estimated Value
$2,307,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$392,650
Avg. Annual Appreciation
-3.26%

Purchase Details

Closed on
Jan 11, 2006
Sold by
Neiman Catrina
Bought by
Wasson Erin E

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
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2005
Sold by
Neiman Catrina and Rabinowitch David
Bought by
Neiman Catrina

Purchase Details

Closed on
Oct 23, 1992
Sold by
Developmentcorp Rotunda
Bought by
Neiman Catrina and Rabinowitch David
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gersh Damon $2,700,000 --
Gersh Damon $2,700,000 --
Wasson Erin E $1,649,000 --
Wasson Erin E $1,649,000 --
Neiman Catrina -- --
Neiman Catrina -- --
Neiman Catrina -- --
Neiman Catrina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wasson Erin E $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $2,700,000 -- --
04/07/2021 04/07/21 Sold $2,700,000 +1.9% $1,800 / Sq Ft
02/16/2021 02/16/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $2,650,000 -- $1,767 / 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 $28,265 $228,867 $8,193 $220,674
2024 $28,265 $226,083 $8,193 $217,890
2023 $28,112 $229,167 $8,193 $220,974
2022 $22,894 $226,806 $8,193 $218,613
2021 $27,211 $221,938 $8,193 $213,745
2020 $21,821 $245,795 $8,193 $237,602
2019 $24,731 $240,253 $8,193 $232,060
2018 $23,354 $231,867 $8,194 $223,673
2017 $21,734 $216,540 $8,193 $208,347
2016 $20,841 $204,299 $8,193 $196,106
2015 $9,726 $176,201 $8,193 $168,008
2014 $9,726 $172,394 $8,193 $164,201
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10690001

Real Estate Board of New York (REBNY)

APN: 0397-1021