NOT LISTED FOR SALE

Estimated Value: $1,250,000 - $1,473,803

1 Bed
1.5 Baths
911 Sq Ft
$893/mo HOA Fee

Last Sold April 06, 2021

Last sale price $1,300,000 $1,427 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,376/month

24 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to 3 Avenue
  • Central Air
  • P.S. 110 Florence Nightingale Rated A-
  • Entrance Foyer
  • 2-minute walk to Stuyvesant Square

About This Home

As of April 2021

This elegant and striking one-bedroom, one and a half bath residence boasts old world European charm with soaring 16 foot ceilings and arched details in one of Manhattan's historically landmarked buildings. Constructed in 1888, The Abbey Condominium, located at 205 East 16th between Third Avenue and Rutherford Place, originally functioned as a parish house for St. George's Church next door. While the classic character and integrity of the building is maintained throughout, the home has been thoroughly renovated for modern day style and convenience. ?
Upon entering, the foyer leads to an expansive living space that features a dining area and vast windows flooding the room with natural light. On the main floor you'll also find a kitchen with mosaic tile details, an abundance of closets, and tastefully done powder room. ?
The beautifully crafted stairs lead up to a spacious primary suite overlooking the living room through a series of archways straight out of the pages of Romeo and Juliet. The classic finishes and unique cutouts give way to a full bathroom and additional closet space connecting to the primary bedroom, as well as an in-unit washer and dryer. This one of a kind duplex possesses charm that is unique for a condo building with low monthly carrying costs. ?
The Abbey Condominium is a full-service, 24/7 doorman building, with a live-in super. Situated on a lovely and quiet street that leads into charming Stuyvesant Square Park which boasts magnificent old trees and plantings, a dog park, beautiful fountains, bluestone sidewalks and the original cast iron fence from 1847. The Abbey is also in close proximity to both Gramercy Park and Union Square, thereby providing several top-rated dining, shopping and entertainment options and is extremely accessible to several subway and bus lines.

Last Agent to Sell the Property

Christine Rocchio

Compass License #10401281978 Listed on: 02/05/2021

Compass

Co-Listed By

Henry Hershkowitz

Compass License #10301211458

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,264

Year Built

  • Built in 1888

HOA Fees

  • $893 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 4th floor

Interior Spaces

  • 911 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Additional Features

  • North Facing Home
  • Central Air

Community Details

  • Gramercy Park Subdivision
  • 6-Story Property

Listing and Financial Details

  • Legal Lot and Block 7501 / 897

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,264

Year Built

Built in 1888

Lot Details

0

HOA Fees

$893 per month

Listing Details

  • Cross Street: Third Avenue/Rutherford Place
  • Exposures: North
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Gramercy Park
  • Architectural Style: Prewar
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Features: Dining Area, Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 911.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 893.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 6
  • Year Built: 1888

Tax Info

  • Tax Block: 897
  • Tax Lot: 7501
  • Tax Annual: 15264.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Apr 1, 2021
Sold by
Mehran Wallace
Bought by
Menken Nora L
Seller's Agent
Christine Rocchio
Compass
List Price
$1,300,000
Sold Price
$1,300,000
Current Estimated Value
$1,380,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,951
Avg. Annual Appreciation
1.26%

Purchase Details

Closed on
Jul 14, 2006
Sold by
Rutherford Place Llc
Bought by
Mehran Wallace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Menken Nora L $1,355,000 --
Mehran Wallace $950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mehran Wallace $466,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2021 04/06/21 Sold $1,300,000 0.0% $1,427 / Sq Ft
02/05/2021 02/05/21 For Sale $1,300,000 -- $1,427 / 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 $15,738 $127,989 $12,891 $115,098
2024 $15,738 $125,886 $12,891 $112,995
2023 $14,980 $124,309 $12,891 $111,418
2022 $15,919 $137,913 $12,891 $125,022
2021 $15,750 $132,480 $12,891 $119,589
2020 $16,428 $146,739 $12,891 $133,848
2019 $16,102 $143,442 $12,891 $130,551
2018 $15,146 $138,435 $12,891 $125,544
2017 $14,104 $129,332 $12,891 $116,441
2016 $13,378 $126,944 $12,891 $114,053
2015 $6,475 $113,974 $12,891 $101,083
2014 $6,475 $100,468 $12,891 $87,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10697723

Real Estate Board of New York (REBNY)

APN: 0897-1023