NOT LISTED FOR SALE

Estimated Value: $541,490 - $675,000

1 Bed
1 Bath
646 Sq Ft
$905/mo HOA Fee

Last Sold February 21, 2024

Last sale price $510,000 $789 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,085/month

84 Days on Market

Highlights

  • Wood Flooring
  • 2-minute walk to 116 Street (A,B,C Line)
  • No Heating
  • Laundry Facilities
  • West Facing Home
  • 2-minute walk to Lafayette Square

About This Home

As of February 2024

LIVE NEAR CENTRAL PARK!

Perfectly located just 3 blocks from Central Park, this one bedroom condo is possibly the best value in South Harlem! You’ll enjoy exceptionally low taxes due to an A 421-A abatement which doesn't expire until June 30, 2032 and low common charges and a low gas surcharge of $26.80 monthly. Flooded with afternoon light, this remarkably quiet home also has City Windows installed…. The result is your very own peaceful, sunny retreat. The efficient layout provides room for living comfortably with a separate, but open kitchen and space a-plenty for seating, dining and home office. High ceilings and over-sized windows add to the feeling of openness. Throughout are hardwood floors, recessed lighting and a nicely renovated kitchen and bathroom.

Gateway Tower is a full-service condominium with a 24-hour concierge/lobby attendant, gym, landscaped courtyard, roof deck with spectacular park and city views, central laundry, community room, a resident Superintendent, bike and common storage and is pet friendly. Quality of life abounds here in the heart of Harlem’s “Restaurant Row” with countless dining choices as well as many quality grocery and marketing options. Transportation at your fingertips via 2/3/B/C subways and of course endless greenspace between Central Park, Morningside Park and Marcus Garvey Park. Now more than ever, HOME matters. This gem will not disappoint. Capital Assessment of $166.90 through 12/31/2024. NOTE: Purchase subject to tenant in place.

Last Agent to Sell the Property

Kelly Cole

Compass License #30CO0900970 Listed on: 10/16/2023

Compass

Co-Listed By

Paul Cole

Compass License #10301208459

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $42

Year Built

  • Built in 1900

Lot Details

  • West Facing Home

HOA Fees

  • $905 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 646 Sq Ft Home
  • Wood Flooring
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • No Cooling
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 1010 / 01829

Community Details

Overview

  • 88 Units
  • Harlem Subdivision
  • 11-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$42

Year Built

Built in 1900

Lot Details

0

HOA Fees

$905 per month

Listing Details

  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Harlem
  • Entry Level: 2
  • Structure Type: Multi Family
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Appliances: Dishwasher
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 646.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Common On Floor, Common Area
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 905.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 0.000000x0.000000

Building Info

  • New Construction: No
  • Units: 88
  • Total Stories: 11
  • Year Built: 1900

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01829
  • Tax Lot: 1010
  • Tax Annual: 36.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2023
Closed on
Feb 21, 2024
Sold by
Matias Or
Bought by
Good Barbara
Seller's Agent
Kelly Cole
Compass
List Price
$575,000
Sold Price
$510,000
Premium/Discount to List
-$65,000
-11.3%
Views
44
Current Estimated Value
$600,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,873
Avg. Annual Appreciation
10.65%

Purchase Details

Listed on
May 24, 2013
Closed on
Aug 6, 2013
Sold by
Suen Arleen J
Bought by
Matias Or
Seller's Agent
Susan Lusardi
Douglas Elliman Real Estate
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.58%

Purchase Details

Closed on
May 4, 2005
Sold by
Gateway Ii Llc and % Gaetano & Associates Inc
Bought by
Suen Arleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,200
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
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
Good Barbara $510,000 --
Good Barbara $510,000 --
Matias Or $480,000 --
Matias Or $480,000 --
Suen Arleen J $364,026 --
Suen Arleen J $364,026 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Suen Arleen J $287,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2024 02/21/24 Sold $510,000 -11.3% $789 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
10/26/2023 10/26/23 For Sale $575,000 0.0% $890 / Sq Ft
05/19/2021 05/19/21 Rented -- -- --
04/19/2021 04/19/21 Under Contract -- -- --
03/27/2021 03/27/21 For Rent $2,300 0.0% --
08/06/2013 08/06/13 Sold $480,000 +1.1% $743 / Sq Ft View Prior Sale
07/10/2013 07/10/13 Pending -- -- --
06/28/2013 06/28/13 For Sale $475,000 -- $735 / 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 $42 $68,329 $3,758 $64,571
2024 $42 $67,563 $3,758 $63,805
2023 $42 $63,999 $3,758 $60,241
2022 $41 $63,409 $3,758 $59,651
2021 $42 $64,364 $3,758 $60,606
2020 $42 $71,290 $3,758 $67,532
2019 $43 $69,687 $3,758 $65,929
2018 $43 $67,251 $3,759 $63,492
2017 $43 $59,320 $3,758 $55,562
2016 $44 $56,756 $3,758 $52,998
2015 $34 $52,884 $3,758 $49,126
2014 $34 $49,795 $3,758 $46,037
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10953122

Real Estate Board of New York (REBNY)

APN: 1829-1010