NOT LISTED FOR SALE

Estimated Value: $2,280,000 - $3,520,000

3 Beds
3 Baths
1,795 Sq Ft
$2,798/mo HOA Fee

Last Sold February 06, 2018

Last sale price $3,795,000 $2,114 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $23,229/month

85 Days on Market

Highlights

  • City View
  • 4-minute walk to 59 Street (4,5,6 Line)
  • Central Air
  • P.S. 59 Beekman Hill International Rated A
  • Building Terrace
  • 4-minute walk to Tramway Plaza

About This Home

As of February 2018

ARCHITECTURAL MASTERWORK IN THE SKY! Prepare to be dazzled. This can be delivered vacant or with a 4.7 cap rate and a long-term, pied-a-terre, corporate tenant paying $19,999 per month. This unique, 34th-floor property has the immediate feel of a downtown loft, but has been brilliantly reinterpreted into a state-of-the-art, luxury, boutique, modern, glass condominium in prized Midtown East. The true centerpiece of this amazing home is its dramatic triangular Great Room with expansive floor-to-ceiling walls of glass. The sheer magnitude of these wrap-around windows provide forever views -- all the way north to the George Washington Bridge, south to dazzling Midtown, west across Central Park to New Jersey and east to the 59th Street Bridge, Long Island and beyond! The apartment features soaring 11-foot ceilings, Brazilian walnut floors, an open, gourmet Viking kitchen, three full Waterworks bathrooms, solid core doors throughout, ample closet space, and a washer dryer. The thoughtful layout offers privacy with the master suite on the eastern wing of the apartment, far away from the other two bedrooms. A wall of closets, including a walk-in, windowed closet, in the master bedroom provides amazing storage. The five-fixture master baths with a custom double vanity, separate shower, and an over-sized soaking tub perfectly placed under a picture window with incredible views from which to enjoy. The west wing includes two more large bedrooms, adjacent to the Great Room, one with a full bath en-suite, also offering great closet space and striking iconic city views. Located on a semi-private floor in Place 57, designed by famed architect Ismael Levya, this white glove condominium offers every amenity: a 24-hour concierge housed in a Baccarat crystal lobby, a fully-equipped fitness center, residents' lounge, kids' playroom, private storage, and a gorgeous outdoor patio. All of this... plus centrally located and so close to the best the city has to offer -- including Whole Foods, Equinox, Madison Ave. shopping, Central Park and many of the city's finest restaurants. This is truly a property that must be seen to be fully appreciated.

Last Agent to Sell the Property

Mark Schoenfeld

Corcoran Group License #30SC0734467 Listed on: 10/13/2017

Corcoran Group

Co-Listed By

Joseph Pullen

Corcoran Group License #10401277419

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,240

Year Built

  • Built in 2008

HOA Fees

  • $2,798 Monthly HOA Fees

Interior Spaces

  • 1,795 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 1331

Community Details

Overview

  • 68 Units
  • Place 57 Condos
  • Midtown East Subdivision
  • 36-Story Property

Amenities

  • Building Terrace
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,240

Year Built

Built in 2008

Lot Details

0

HOA Fees

$2,798 per month

Listing Details

  • Cross Street: Second Avenue & Third Avenue
  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown East
  • Entry Level: 34
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 36

Interior Features

  • Living Area: 1795.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Courtyard
  • Patio/Porch Features: Building Terrace

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2798.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 100.0 x 60.0

Building Info

  • New Construction: No
  • Building Name: PLACE 57
  • Units: 68
  • Total Stories: 36
  • Year Built: 2008

Tax Info

  • Tax Block: 1331
  • Tax Annual: 27240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2017
Closed on
Feb 6, 2018
Sold by
Ionic Holdings Inc
Bought by
Ndiaye Cheikh Ahmadou B
Seller's Agent
Mark Schoenfeld
Corcoran Group
List Price
$3,795,000
Sold Price
$3,795,000
Current Estimated Value
$3,073,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$721,799
Avg. Annual Appreciation
-2.82%
Original Mortgage
$2,500,000
Outstanding Balance
$2,139,409
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$933,792

Purchase Details

Closed on
May 16, 2008
Sold by
Bianco Anthony and Bianco Marie
Bought by
Ionic Holdings Ldc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2007
Sold by
205-209 East 57Th Street Associates Llc
Bought by
Bianco Anthony and Bianco Marie
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
Ndiaye Cheikh Ahmadou B $3,750,000 --
Ionic Holdings Ldc $4,300,000 --
Bianco Anthony $3,436,594 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ndiaye Cheikh Ahmadou B $2,500,000
Previous Owner Ionic Holdings Ldc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2018 02/06/18 Sold $3,795,000 0.0% $2,114 / Sq Ft
01/07/2018 01/07/18 Pending -- -- --
10/13/2017 10/13/17 For Sale $3,795,000 -- $2,114 / 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
2024 $39,737 $317,846 $39,267 $278,579
2023 $32,033 $316,525 $39,267 $277,258
2022 $38,453 $315,841 $39,267 $276,574
2021 $36,328 $296,148 $39,267 $256,881
2020 $31,625 $330,192 $39,267 $290,925
2019 $36,904 $320,825 $39,267 $281,558
2018 $34,643 $308,452 $39,267 $269,185
2017 $26,876 $294,723 $39,266 $255,457
2016 $25,779 $282,489 $39,267 $243,222
2015 $10,341 $256,595 $39,267 $217,328
2014 $10,341 $219,623 $39,267 $180,356
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10471105

Real Estate Board of New York (REBNY)

APN: 1331-1366