$12,475,000
SOLD JAN 6, 2015
5 Beds
5 Baths
6,978 Sq Ft
2,091 Sq Ft Lot

Recently Sold

$1,788 Per Sq Ft

4% Below List Price

199 Days on Market

Highlights

  • Garden
  • East Side Elementary School, P.S. 267 Rated A
  • 1-minute walk to Lexington Avenue-63 Street

About This Home

As of January 2015

This is a truly fabulous opportunity to purchase valuable real estate in a prime location on the Eastside of Manhattan. This house is 20 feet wide, has five floors, over 5500 usable square feet and offers a flexible layout. It is suitable for use as a beautiful single family home or perhaps a headquarters for the diplomatic/business community. There is a large outdoor patio off the luxurious European kitchen and dining room which is perfect for entertaining and simply relaxing. The entertainment space upstairs has 12 foot ceilings. There is central air conditioning, 2 fireplaces, wood floors, a wet bar, 5.5 bathrooms, and several bedrooms. Additional FAR. Please contact me to preview this wonderful home.

Last Agent to Sell the Property

Stephanie Weisberg

Douglas Elliman Real Estate License #30KA0994652 Listed on: 05/20/2014

Douglas Elliman Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $106,916

Lot Details

  • Garden

Interior Spaces

  • 6,978 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Community Details

  • Upeast Subdivision

Listing and Financial Details

  • Tax Block 1398

Home Details

Home Type

Single Family

Est. Annual Taxes

$106,916

Lot Details

0

Listing Details

  • Cross Street: Third & Lexington Avenues
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: UPEAST
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Living Area: 6978.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 5
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Garden

Utilities

  • Heating: Building Natural Gas

Building Info

  • Units: 1
  • Total Stories: 4

Tax Info

  • Tax Block: 1398

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2011
Closed on
Jan 6, 2015
Sold by
Press James and Press Suwichada
Bought by
Dahesh Museum Of Art
List Price
$14,500,000
Sold Price
$12,475,000
Premium/Discount to List
-$2,025,000
-13.97%
Current Estimated Value
$7,220,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,254,651
Avg. Annual Appreciation
-4.94%

Purchase Details

Closed on
Dec 14, 2007
Sold by
Lawrence Gloria M and Lawrence William H
Bought by
Press James and Press Suwichada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,960,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2003
Sold by
Thornburgh Cornelia P and Thornburgh Richard E
Bought by
Lawrence Gloria M and Lawrence William H

Purchase Details

Closed on
Jun 17, 1999
Sold by
Herman Shari and Cottontree Investments Ltd
Bought by
Thornburgh Richard E and Thornburgh Cornelia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,059,643
Interest Rate
7.39%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 13, 1997
Sold by
Herman Shari
Bought by
Herman Shari and Cottontree Investments Ltd

Purchase Details

Closed on
Nov 26, 1996
Sold by
Dedeo Joseph E and Dedeo Esther E
Bought by
Herman Shari
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 Type Sale Price Title Company
Deed $12,475,000 --
Deed $12,475,000 --
Deed $13,500,000 --
Deed $13,500,000 --
Deed $21,875,000 --
Deed $21,875,000 --
Bargain Sale Deed $2,710,000 --
Bargain Sale Deed $2,710,000 --
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Deed $13,300,000 --
Deed $13,300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $12,960,000 Purchase Money Mortgage
Previous Owner $1,059,643 Unknown
Previous Owner $1,059,643 Purchase Money Mortgage
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2015 01/09/15 Sold $12,475,000 0.0% $2,319 / Sq Ft
01/06/2015 01/06/15 Sold $12,475,000 -3.7% $1,788 / Sq Ft
12/10/2014 12/10/14 Pending -- -- --
12/07/2014 12/07/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $12,950,000 -10.7% $1,856 / Sq Ft
11/09/2012 11/09/12 For Sale $14,500,000 -- $2,695 / 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 $106,916 $486,540 $299,352 $187,188
2024 $106,916 $532,320 $258,120 $240,896
2023 $115,517 $568,798 $255,825 $312,973
2022 $0 $608,700 $258,120 $350,580
2021 $0 $569,160 $258,120 $311,040
2020 $0 $613,980 $258,120 $355,860
2019 $0 $599,400 $258,120 $341,280
2018 $96,624 $473,998 $205,538 $268,460
2017 $91,463 $448,677 $168,063 $280,614
2016 $84,920 $424,789 $173,563 $251,226
2015 $34,034 $424,789 $168,268 $256,521
2014 $34,034 $417,363 $188,705 $228,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10060891

Real Estate Board of New York (REBNY)

APN: 1398-0044