The Empire 188 E 78th St Unit 24B New York, NY 10075
Metropolitan Hill NeighborhoodEstimated Value: $3,920,000 - $6,130,000
5
Beds
5.5
Baths
2,874
Sq Ft
$5,460/mo
HOA Fee
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 2023The 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
Douglas Elliman Real Estate License #10301207968 Listed on: 09/12/2023
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
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
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%
Total Days on Market
17
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$483,675
Avg. Annual Appreciation
-5.24%
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
Similar Homes in New York, NY
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Home Values in the Area
Average Home Value in this Area
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 | $1,044 | |
| Previous Owner | Jpmorgan Chase Bank Na | $0 | |
| Previous Owner | Murray Karen | $1,000,000 | |
| Previous Owner | Giambi Jason G | $2,850,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
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 | $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
-
Suzan Kremer
Seller's Agent in 2023
Suzan Kremer
Douglas Elliman Real Estate
(917) 282-4800
3 in this area
23 Total Sales
About The Empire
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10918025
APN: 1412-1161
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