NOT LISTED FOR SALE

Estimated Value: $3,329,000 - $5,724,000

3 Beds
3.5 Baths
2,601 Sq Ft
$4,311/mo HOA Fee

Last Sold February 25, 2021

Last sale price $4,700,000 $1,807 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $34,005/month

67 Days on Market

Highlights

  • Rooftop Deck
  • 2-minute walk to 77 Street (4,6 Line)
  • 17,304 Sq Ft lot
  • P.S. 158 The Bayard Taylor School Rated A
  • River View
  • Balcony

About This Home

As of February 2021

Every so often an outlier or unicorn becomes available on the Upper East Side. In this case it is an extraordinary 6 room (2,601 SF) apartment on the 31st floor of the Empire Condominium on East 78th Street. It comes with its own parking space and storage unit. Imagine NEVER having to worry about parking again and there is no monthly fee.

Besides three bedrooms and three baths ensuite, 31B has an elegant entrance foyer, large living room with a working gas fire place and a separate dining room. Two balconies at opposite ends of the apartment have been lighted and fashioned into Zen Gardens. All ceilings are 10 feet high. The apartment has been impeccably renovated and decorated throughout, with custom moldings and cases.

Long sweeping views through oversized windows, Central Park clear over to New Jersey to the West, the George Washington Bridge and upper Manhattan to the North with a limestone steeple in the foreground, all the way to La Guardia on the East with a sliver of the river and the full panoply of all the midtown skyscrapers to the south, makes an aerie, away from the noise and high above the vicissitudes of the city.

A magnificent one-of-a-kind Dale Chihuly 105-piece sculpture hangs from the ceiling in the dining room, reflecting the light from the windows off its many facets, and where 10 guests can be seated comfortably. Both the living room and dining room have doors that open on to the Zen Garden. The full sized, windowed, eat-in kitchen was completely renovated six months ago with top of the line appliances, Miele dishwasher, Thermadoor 48In.. refrigerator, Miele oven and cooktop, Maytag microwave, Ceasar stone counters and custom melamine cabinets, creating a sleek chef's delight.

The master suite with the best views of all has two walk-in closets, one of which is enormous with its own window. Both closets are completely fitted out. The bedroom itself is large enough for a king-sized bed and a separate sitting area. The entrance to one of the Zen gardens is through a door in the bedroom. The marble bath ensuite has double sinks, 2 medicine cabinets, a Toto top-of- the- line toilet, a large stall shower with double heads and double doors, and great linen storage.

The other two bedrooms are spacious and bright with good closets and baths ensuite. One is currently being used as an office and the other as a proper bedroom with remarkable shelves for books and art. 31B would not be complete without a powder room, vented washer/dryer, and a large fitted front hall closet – and it has them all. Air conditioning is central with a zone for every room. (All HVAC units have been replaced within the last year.)

If the parking space and storage unit were to be sold separately they would be worth approximately $400,000. Here they are included in the price.

188 East 78th Street is a full service, white glove building with a resident manager, concierge and 24/7 doormen. The amenities have been recently upgraded and include a state of the art athletic center, a common lounge and dining room, suitable for both entertaining and dining, with a catering kitchen and an adjacent outside terrace. In addition there are two other outdoor common spaces, one beautifully planted with a pergola, and the other a courtyard surrounding a fountain. Other amenities include a central laundry, children's playroom, and the garage, in which the private parking space is located, and to which the entrance is directly from the lobby. The building is centrally located to all mass transportation, both uptown and downtown local and express buses, and the #6 train. It is in the midst of the 70's which is arguably the nicest area of all of the Upper East Side with shops and restaurants just blocks away, and very proximate to Museum Mile and the other cultural institutions for which the area is famous.

All furniture with the exception of a few pieces is included in the sale.

Last Agent to Sell the Property

Ellen Sykes

Coldwell Banker Warburg License #30SY0988828 Listed on: 09/29/2020

Coldwell Banker Warburg

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $48,624

Year Built

  • Built in 2000

Lot Details

  • 0.4

HOA Fees

  • $4,311 Monthly HOA Fees

Parking

  • Garage

Property Views

  • River

Interior Spaces

  • 2,601 Sq Ft Home
  • Wood Burning Fireplace
  • Entrance Foyer
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Additional Features

  • Balcony
  • Garden
  • Central Air

Community Details

Overview

  • 72 Units
  • Upper East Side Subdivision
  • 32-Story Property

Amenities

  • Rooftop Deck
  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$48,624

Year Built

Built in 2000

Lot Details

0

HOA Fees

$4,311 per month

Listing Details

  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Entry Level: 31
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 32

Interior Features

  • Interior Features: Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen
  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2601.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: City, Park/Greenbelt, River
  • View: Yes
  • Exterior Features: Building Garden, Balcony, Building Roof Deck, Garden
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4311.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 17304.0
  • Lot Size Dimensions: 120.0 x 204.33

Building Info

  • New Construction: No
  • Units: 72
  • Total Stories: 32
  • Year Built: 2000

Tax Info

  • Tax Block: 0
  • Tax Annual: 48624.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Feb 25, 2021
Sold by
Hindery Leo J
Bought by
Berman Geoffrey and Berman Joanne
Seller's Agent
Ellen Sykes
Coldwell Banker Warburg
List Price
$570,000
Sold Price
$4,700,000
Premium/Discount to List
$4,130,000
724.56%
Current Estimated Value
$4,402,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$297,169
Avg. Annual Appreciation
-1.59%
Original Mortgage
$3,304,000
Outstanding Balance
$2,975,230
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,402,182

Purchase Details

Closed on
May 1, 2002
Sold by
R & F Empire Ii Llc
Bought by
Hindrey Leo J

Purchase Details

Closed on
Sep 28, 2001
Sold by
Rfd Third Avenue I Assoc
Bought by
R & F Empire Ii Llc
Source: Public Records

Range of Values:

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Average Value
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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
Berman Geoffrey $4,700,000 --
Hindrey Leo J -- --
R & F Empire Ii Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berman Geoffrey $3,304,000
Previous Owner Hindery Leo J $526,000
Previous Owner Hindery Leo J $1,000,000
Previous Owner Hindery Leo J $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold $4,700,000 +724.6% $1,807 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $570,000 -- $219 / 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 $64,540 $541,689 $84,660 $457,029
2024 $64,540 $516,237 $84,660 $431,577
2023 $50,616 $500,142 $84,660 $415,482
2022 $49,037 $525,501 $84,660 $440,841
2021 $55,424 $451,810 $84,660 $367,150
2020 $48,252 $500,208 $84,660 $415,548
2019 $45,104 $488,965 $84,660 $404,305
2018 $54,158 $468,504 $84,660 $383,844
2017 $52,455 $468,666 $84,661 $384,005
2016 $51,452 $443,183 $84,660 $358,523
2015 $21,235 $383,418 $84,660 $298,758
2014 $21,235 $365,248 $84,660 $280,588
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10818859

Real Estate Board of New York (REBNY)

APN: 1412-1172