NOT LISTED FOR SALE

Estimated Value: $6,975,126

7 Beds
2 Baths
4,000 Sq Ft
$1,744/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2018

Last sale price $6,850,000 $1,712 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $41,360 / mo

173 Days on Market

Highlights

  • Wood Burning Fireplace
  • 2-minute walk to Lexington Avenue-59 Street
  • 2-minute walk to Tramway Plaza
  • East Side Elementary School, P.S. 267 Rated A

About This Home

As of November 2018

First Offer and The Best Deal on The Market--A 20-foot-wide, 4-story brownstone zoned for both commercial and residential in the Treadwell Historic District.The house is configured as a Triplex with a medical office plus garden; the top half is reserved for a 3- bedroom, 2.5-bathroom duplex apartment. There are 2 private entrances for each unit and this 4,000-square-foot house offers wonderful light and charm. Many of the original details remain throughout the building including wood burning fireplaces. A finished basement has a full height ceiling and updated mechanicals.This private oasis has a tranquil a 50-foot deep south garden and a 20-wide-terrace off the parlor floor.218 East 61st Street was built in 1871 as part of 4 brownstone Anglo-Italianate row houses in the Treadwell Farms Historic District, located on 61st and 62nd between Second and Third Avenues. The historic district was designated by the Landmarks Preservation Commission in 1967, making it one of the first historic districts in New York City, and known for the general uniformity of the heights of the houses and the style of the architecture.Building Notes:This is a rare opportunity to have both work and residential space or to combine into a one-family residence.Real Estate Taxes: $59,444/year.

Last Agent to Sell the Property

Jennifer Stutz

Olshan Realty Inc License #30ST0814540 Listed on: 05/10/2018

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 4,000 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 4000.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 3
  • Bedrooms: 7

Garage/Parking

  • Garage: No

Building Info

  • Units: 2
  • Total Stories: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
Nov 29, 2018
Sold by
Betesh Teri and Cohen Pennie
Bought by
Lux Landmark Property Holdings Llc
Seller's Agent
Jennifer Stutz
Olshan Realty Inc
List Price
$7,350,000
Sold Price
$6,850,000
Premium/Discount to List
-$500,000
-6.8%
Current Estimated Value
$6,975,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,126
Avg. Annual Appreciation
0.25%
Original Mortgage
$3,128,000
Outstanding Balance
$2,755,834
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$4,219,292

Purchase Details

Closed on
Feb 28, 2011
Sold by
Estate Of Jak T Cohane
Bought by
Teri-Co Associates

Purchase Details

Closed on
May 7, 2008
Sold by
Estate Of Michael Stille
Bought by
Stille Alexander and Stille Lucy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lux Landmark Property Holdings Llc $6,150,000 --
Teri-Co Associates -- --
Stille Alexander -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lux Landmark Property Holdings Llc $3,128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2018 11/30/18 Sold $6,850,000 -6.8% $1,713 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
05/10/2018 05/10/18 For Sale $7,350,000 -- $1,838 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $49,060 $222,240 $254,442 --
2024 $49,060 $244,260 $218,400 $32,792
2023 $59,343 $292,200 $218,400 $73,800
2022 $63,746 $319,320 $218,400 $100,920
2021 $63,880 $303,540 $218,400 $85,140
2020 $64,327 $303,900 $218,400 $85,500
2019 $61,728 $295,080 $218,400 $76,680
2018 $61,057 $299,520 $188,429 $111,091
2017 $59,444 $291,606 $192,920 $98,686
2016 $54,995 $275,100 $218,400 $56,700
2015 $33,818 $279,828 $188,835 $90,993
2014 $33,818 $264,576 $192,920 $71,656
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10427166

Real Estate Board of New York (REBNY)

APN: 1415-0040

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