NOT LISTED FOR SALE

Estimated Value: $3,757,000 - $6,421,000

5 Beds
5.5 Baths
2,874 Sq Ft
$5,460/mo HOA Fee

Last Sold November 15, 2023

Last sale price $5,900,000 $2,053 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $39,846/month

17 Days on Market

Highlights

  • River View
  • 2-minute walk to 77 Street (4,6 Line)
  • Garage
  • P.S. 158 The Bayard Taylor School Rated A
  • Central Air
  • High-Rise Condominium

About This Home

As of November 2023

The Empire Condominium, situated at 188 East 78th Street, stands as an impressive luxury condo located on the Upper East Side. It's magnificent allure lies in its unobstructed panoramic vistas that encompass New York's urban panorama, the East River, and Central Park. Residence 24B has been meticulously curated and offers a spectacular use of space, privacy, and elegant detailing throughout. This home spans 2,874 sq ft. and graces the 24th floor.

Upon entry into this stunning home comprising of 5 bedrooms and 5.5 bathrooms, you are greeted by an elegant foyer, illuminated by cove lighting and adorned with ornamental pillar columns. These elements gracefully usher you into an expansive living room and dining area that stretches continuously for nearly 27 feet. Adjacent to the foyer and the formal dining area is a generously proportioned chef's kitchen. This culinary haven adjoins to an open breakfast nook, complete with large bay windows that gaze upon the East River. The kitchen is well-appointed and boasts beautiful custom oakwood cabinetry with glass door fronts and is outfitted with top-of-the-line stainless steel appliances, including a Sub-Zero refrigerator, Wolf oven/cooktop, and Miele dishwasher. The stone countertops facilitates effortless meal preparation.

Among the five bedrooms, three are discreetly nestled in tranquil private space, presently serving as primary suites. They are generously sized, well-proportioned, and have harmonious layouts, while the remaining two bedrooms face south, with one currently serving as an office/den/library adjacent to the living quarters. The fifth bedroom currently serves as an expansive large walk-in closet, adaptable for conversion into another bedroom or office. All five bedrooms are appointed with en-suite bathrooms. The powder room is handsomely adorned with exquisite onyx flooring and a chic designer stone pedestal sink. Conveniently located in the hallway, it offers easy access for guests.

This residence features 9'6' ceiling heights, oversized picture windows that usher in an abundance of natural light and spectacular views, 3 Juliette balconies, central air conditioning, stunning hardwood flooring, an abundance of closets, and custom built-in storage units throughout. The presence of pocket doors, illuminated hallway niches, and a vented washer/dryer further enhance the living experience. Storage and a designated parking spot are purchased separately.

Positioned in the heart of Manhattan, the Empire Condominium is hailed as a distinguished haven offering unparalleled 5-star amenities and services. This 32-story, 72-unit building boasts a regal entrance graced with mahogany and stone finishes, crowned by a magnificent marble and gilded-iron staircase that ascends to the second-level mezzanine where the building amenities reside. The building recently revamped and welcomed its multi-level outdoor terrace, landscaped gardens, a state-of-the-art fitness center, and a resident lounge. A roof deck, playroom, central laundry facilities, and a bike room also grace the premises. The building extends a warm welcome to pets and Pied-a-Terres. Encircled by the city's premier dining establishments, cultural institutions, luxury hotels, gourmet markets, boutiques, this address provides effortless access to public transportation. The opportunity is now to transform this remarkable dwelling into your cherished home.

Last Agent to Sell the Property

Suzan Kremer

Douglas Elliman Real Estate License #10301207968 Listed on: 09/12/2023

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $51,600

Year Built

  • Built in 2000

HOA Fees

  • $5,460 Monthly HOA Fees

Parking

  • Garage

Property Views

  • River

Home Design

  • 2,874 Sq Ft Home
  • Entry on the 24th floor

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • Laundry in unit
  • Central Air

Community Details

  • 72 Units
  • High-Rise Condominium
  • The Empire Condos
  • Lenox Hill Subdivision
  • 32-Story Property

Listing and Financial Details

  • Legal Lot and Block 7502 / 01412

Property Details

Home Type

Condominium

Est. Annual Taxes

$51,600

Year Built

Built in 2000

Lot Details

0

HOA Fees

$5,460 per month

Listing Details

  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lenox Hill
  • Entry Level: 24
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 32

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 2874.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 5

Exterior Features

  • View: City, River
  • View: Yes
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Building In Basement, In Unit
  • Green Building Features: Green Building
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5460.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: THE EMPIRE
  • Units: 72
  • Total Stories: 32
  • Year Built: 2000

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01412
  • Tax Lot: 7502
  • Tax Annual: 51600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Nov 15, 2023
Sold by
Murray Karen and Steinmetz Harry
Bought by
Hutton Rhona and Hutton Sanford
Seller's Agent
Suzan Kremer
Douglas Elliman Real Estate
List Price
$6,200,000
Sold Price
$5,900,000
Premium/Discount to List
-$300,000
-4.84%
Views
23
Current Estimated Value
$5,506,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$393,471
Avg. Annual Appreciation
-3.38%

Purchase Details

Closed on
Oct 25, 2013
Sold by
Giambi Jason G
Bought by
Murray Karen and Steinmetz Harry

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
4.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2002
Sold by
R & F Empire I Llc
Bought by
Giambi Jason G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,850,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2001
Sold by
Rfd Third Avenue I Assoc
Bought by
R & F Empire I Llc
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
Hutton Rhona $5,900,000 --
Murray Karen $6,800,000 --
Giambi Jason G -- --
R & F Empire I Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murray Karen $1,000,000
Previous Owner Giambi Jason G $2,850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $5,900,000 -4.8% $2,053 / Sq Ft
09/30/2023 09/30/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $6,200,000 -- $2,157 / 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 $64,710 $543,112 $84,882 $458,230
2024 $64,710 $517,595 $84,882 $432,713
2023 $50,749 $501,456 $84,882 $416,574
2022 $49,166 $526,881 $84,882 $441,999
2021 $55,569 $452,997 $84,882 $368,115
2020 $48,894 $501,522 $84,882 $416,640
2019 $47,002 $490,249 $84,882 $405,367
2018 $54,300 $469,735 $84,882 $384,853
2017 $52,593 $469,897 $84,882 $385,015
2016 $51,587 $444,347 $84,882 $359,465
2015 $21,311 $384,425 $84,882 $299,543
2014 $21,311 $366,208 $84,882 $281,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10918025

Real Estate Board of New York (REBNY)

APN: 1412-1161