NOT LISTED FOR SALE

Estimated Value: $2,011,339 - $4,443,000

2 Beds
2 Baths
1,464 Sq Ft
$3,051/mo HOA Fee

Last Sold August 28, 2018

Last sale price $4,100,000 $2,801 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $22,912/month

503 Days on Market

Highlights

  • Garage
  • 1-minute walk to 5 Avenue-53 Street
  • 4-minute walk to Channel Gardens
  • P.S. 111 Adolph S. Ochs Rated A-

About This Home

As of August 2018

IN CONTRACT

The Apartment

Live the life of your dreams at the world-class Baccarat Residences in Midtown Manhattan, in a brand new 2 bed - 2 bath corner showplace home! Enjoy an unparalleled standard of luxury and spectacular open views to the north, south, and west that will take your breath away. High 10'8? ceilings and floor-to-ceiling windows create an incredibly airy ambience bathed in natural light.

Access the apartment via a separate lobby entrance just for residents, and be greeted by a gracious foyer adorned with a signature baccarat crystal chandelier. The most refined and exquisite appointments fill the entire home, such as 6-inch ebony stained white oak floors, new custom recessed ceiling-lighting, and distinctive architectural detailing throughout. The magnificent great room with a stretching window wall and new custom floating ceiling is perfect for entertaining, served by a top-of-the-line gourmet SieMatic kitchen. The discerning chef will be inspired with premium Miele and Sub-Zero stainless-steel appliances, complemented by high-gloss lacquer ebonized walnut and nickel frame cabinetry, and white iceberg granite counters.

The master suite is an elegant retreat, complete with a spa bath styled with slab floors and walls, radiant heated floors, and a honed Lido white marble floating vanity. Equally luxurious is the Siberian polished marble guest bath with a custom tub-to-ceiling shower panel, finished with a wonderful Mother of Pearl tile wall covering by Maya Romanoff.

Other highlights are custom Fantini polished chrome fixtures, an LG washer/dryer, custom built-in closets, custom motorized roller window shades, and a storage room that comes with the apartment.

The Building

A masterful team has brought to NYC a new residential work of art, among which are renowned architects Skidmore, Owning and Merrill and award-winning interior designer Tony Ingrao. Set across the street from the Museum of Modern Art at glamorous Fifth Avenue and 53rd Street, The Baccarat Hotel and Residences offers 61 private homes of unprecedented caliber. Residents are indulged with 24-hour multilingual doorman and concierge services, room service, housekeeping and valet, plus have full access to all hotel amenities including a full fitness center and 55-foot pool with private cabanas, the first Spa de la Mer in North America, and the private Salon Baccarat Bar and lounge. Manhattan's finest dining and shopping are within minutes of this coveted address.

Last Agent to Sell the Property

Pascal Blacque-Belair

Douglas Elliman Real Estate License #30BL0888845 Listed on: 03/07/2017

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,796

Year Built

  • Built in 2014

Lot Details

  • 0.4

HOA Fees

  • $3,051 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,464 Sq Ft Home
  • Entry on the 24th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • No Cooling

Community Details

  • 61 Units
  • Baccarat Hotel & Residences Condos
  • Midtown Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,796

Year Built

Built in 2014

Lot Details

0

HOA Fees

$3,051 per month

Listing Details

  • Cross Street: Fifth Avenue & Sixth Avenue
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: MIDTOWN
  • Entry Level: 24
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Living Area: 1464.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3051.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: BACCARAT HOTEL & RESIDENCES
  • Units: 61
  • Year Built: 2014

Tax Info

  • Tax Block: 0
  • Tax Annual: 26796.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2017
Closed on
Aug 28, 2018
Sold by
Kay Lina
Bought by
53Rd Ave Nyc Llc
Seller's Agent
Pascal Blacque-Belair
Douglas Elliman Real Estate
List Price
$5,150,000
Sold Price
$4,100,000
Premium/Discount to List
-$1,050,000
-20.39%
Current Estimated Value
$3,362,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$737,915
Avg. Annual Appreciation
-4.28%
Original Mortgage
$1,665,000
Outstanding Balance
$1,458,015
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,551,527

Purchase Details

Closed on
Dec 23, 2014
Sold by
20 West 53Rd Street Llc
Bought by
Kay Lina
Source: Public Records

Range of Values:

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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
53Rd Ave Nyc Llc $4,100,000 --
Kay Lina $4,582,125 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 53Rd Ave Nyc Llc $1,665,000
Closed 53Rd Ave Nyc Llc $1,665,000
Closed 53Rd Ave Nyc Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2018 08/28/18 Sold $4,100,000 -20.4% $2,801 / Sq Ft
07/29/2018 07/29/18 Pending -- -- --
03/13/2017 03/13/17 For Sale $5,150,000 -- $3,518 / 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 $25,275 $203,442 $33,376 $170,066
2024 $25,275 $202,171 $33,376 $168,795
2023 $24,938 $203,292 $33,376 $169,916
2022 $23,934 $195,621 $33,376 $162,245
2021 $23,646 $192,765 $33,376 $159,389
2020 $25,161 $215,419 $33,376 $182,043
2019 $24,653 $211,690 $33,376 $178,314
2018 $24,162 $202,372 $33,376 $168,996
2017 $23,699 $194,962 $33,376 $161,586
2016 $23,743 $184,168 $33,376 $150,792
2015 -- $165,671 $33,376 $132,295
2014 -- $53,136 $33,376 $19,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10034685

Real Estate Board of New York (REBNY)

APN: 1268-1221