SOLD OCT 24, 2024
RENTED JAN 8, 2025
The Grand Madison 225 5th Ave Unit 6T New York, NY 10010
NoMad Neighborhood
1
Bed
1
Bath
706
Sq Ft
$852/mo
HOA Fee
Highlights
- Valet Parking
- 2-minute walk to 28 Street (N,R Line)
- High Ceiling
- P.S. 116 Mary Lindley Murray Rated A-
- Wood Flooring
- 2-minute walk to Madison Square Park
About This Home
As of October 2024Located in an iconic landmark condominium—The Grand Madison—directly on Fifth Avenue at beautiful Madison Square Park, this wonderful one-bedroom apartment is centered in one of Manhattan’s hottest evolving neighborhoods, NOMAD, with its vibrant mix of restaurants, hotels, retail stores, and so much more.
Quietly positioned facing the big open courtyard, this beautiful home has an open chef's kitchen with Poggenpohl cabinets, Viking appliances, stone counters, and outstanding storage. The living room is spacious and great for entertaining. With abundant closet space, a washer/dryer, high ceilings, and central heating and air conditioning, this is the perfect perch in the middle of Manhattan with all transportation and amenities close by, including the magical EATALY market and food hall that changed the neighborhood forever. With Hudson Yards and Penn Station to the West and Midtown Manhattan a few minutes to your north, this location's convenience knows no rival.
The architecturally noteworthy turn-of-the-century (1906) Renaissance-revival-style building designed by Francis H. Kimball and Harry E. Donnell has incredible services, including a 24-hour lobby, fully equipped gym, on-site dry cleaner and housekeeping services, two handymen, and a live-in superintendent.
Working Capital Contribution Equal to two (2) months common charges payable by the purchaser.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,448
Year Built
- Built in 1907
HOA Fees
- $852 Monthly HOA Fees
Interior Spaces
- 706 Sq Ft Home
- High Ceiling
- Recessed Lighting
- Wood Flooring
- Laundry in unit
Kitchen
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Outdoor Features
- Courtyard
Utilities
- Central Air
- No Heating
Listing and Financial Details
- Legal Lot and Block 1187 / 00856
Community Details
Overview
- 187 Units
- Nomad Subdivision
- 13-Story Property
Amenities
- Valet Parking
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2024
Closed on
Oct 24, 2024
Sold by
Silver Sky Management Llc
Bought by
Ford Stuart and Russell Ford Molly
Seller's Agent
Leonard Steinberg
Compass
List Price
$1,295,000
Sold Price
$1,295,000
Total Days on Market
35
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$75,629
Avg. Annual Appreciation
-9.70%
Original Mortgage
$1,036,000
Outstanding Balance
$1,030,880
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$188,491
Purchase Details
Listed on
Feb 21, 2014
Closed on
Apr 25, 2014
Sold by
Hur Jun and Whang Youjinn
Bought by
Silver Sky Management Llc
Seller's Agent
Holly Parker
Compass
List Price
$1,365,000
Sold Price
$1,365,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.50%
Purchase Details
Closed on
Jul 23, 2007
Sold by
Hook One Properties Llc
Bought by
Hur Jun and Whang Youjinn
Purchase Details
Closed on
Apr 5, 2007
Sold by
225 5Th Llc
Bought by
Hook One Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Map
About The Grand Madison
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,295,000 | -- | |
| Deed | $1,365,000 | -- | |
| Deed | $1,365,000 | -- | |
| Deed | $960,000 | -- | |
| Deed | $960,000 | -- | |
| Deed | $785,000 | -- | |
| Deed | $785,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,036,000 | Purchase Money Mortgage | |
| Previous Owner | $128,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/08/2025 01/08/25 | Rented | $5,500 | 0.0% | -- |
| 11/27/2024 11/27/24 | Under Contract | -- | -- | -- |
| 11/08/2024 11/08/24 | For Rent | $5,500 | 0.0% | -- |
| 10/24/2024 10/24/24 | Sold | $1,295,000 | 0.0% | $1,834 / Sq Ft |
| 09/04/2024 09/04/24 | Pending | -- | -- | -- |
| 07/30/2024 07/30/24 | For Sale | $1,295,000 | -5.1% | $1,834 / Sq Ft |
| 04/29/2014 04/29/14 | Sold | $1,365,000 | 0.0% | $1,933 / Sq Ft |
| 03/30/2014 03/30/14 | Pending | -- | -- | -- |
| 02/21/2014 02/21/14 | For Sale | $1,365,000 | -- | $1,933 / 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 |
|---|---|---|---|---|
| 2024 | $11,449 | $91,578 | $39,218 | $52,360 |
| 2023 | $11,164 | $91,010 | $39,218 | $51,792 |
| 2022 | $11,003 | $90,833 | $39,218 | $51,615 |
| 2021 | $10,573 | $86,194 | $39,218 | $46,976 |
| 2020 | $10,763 | $95,468 | $39,218 | $56,250 |
| 2019 | $10,640 | $93,322 | $39,218 | $54,104 |
| 2018 | $10,251 | $90,062 | $39,218 | $50,844 |
| 2017 | $9,899 | $86,928 | $39,218 | $47,710 |
| 2016 | $9,717 | $79,305 | $39,218 | $40,087 |
| 2015 | $5,633 | $78,998 | $39,218 | $39,780 |
| 2014 | $5,633 | $67,717 | $39,218 | $28,499 |
Source: Public Records
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10997083
APN: 0856-1187
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