NOT LISTED FOR SALE

Estimated Value: $3,275,000 - $4,155,000

2 Beds
3 Baths
1,815 Sq Ft
1900 Built

Last Sold July 13, 2017

Last sale price $3,850,000 $2,121 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $22,485/month

Highlights

  • City View
  • 2-minute walk to 28 Street (N,R Line)
  • North Facing Home
  • P.S. 116 Mary Lindley Murray Rated A-
  • Pre War Building
  • 2-minute walk to Madison Square Park

About This Home

As of August 2021

Located in one of downtowns hottest neighborhoods, this trophy renovated duplex penthouse with 600SF terrace is the epitome of luxury living!



Upon entering this sprawling 1,815 SF 2 bedroom plus home office, 3 bathroom loft, you will find a spacious foyer, a grand dining room and living room with soaring 11ft ceilings and beautiful arched windows which allows for plenty of northern natural light to flood the space.



On the main level is a gorgeous chefs kitchen, a large bedroom with en-suite bath, a home office and another full bathroom. The sizable foyer with a sweeping staircase takes you to the divine master bedroom and awe-inspiring private 616 SF terrace located on the second level that is the ultimate setting for entertaining, al-fresco dining and lounging!



Enjoy entertaining and cooking in your newly renovated chefs kitchen equipped Sub Zero and Gaggenau appliances. This home also features freshly refinished wide plank oak hardwood floors throughout, limestone bathrooms, centralized heating and cooling system, and custom window treatments.



The Grand Madison has been an iconic pre-war landmark on Fifth Avenue on the north side of Madison Square Park for over a century and prides itself on providing the highest level of service. The luxuries of this beautiful turn of the century building include a fitness room, a 24-hour doorman, concierge, in-house dry cleaner and seamstress, daily maid service, and 2 handymen.



Right outside your door is downtowns hottest neighborhood and Madison Square Park, a green jewel in the midst of the city. Eataly across the street with its prized restaurants and cooking school, Shake Shack, Eleven Madison Park, Ilili, Scarpett, The Ace Hotels Breslin, The Nomad Hotels restaurant, and the Clocktower restaurant in the Edition Hotel, makes this a wonderful place to live and enjoy the best of what this city has to offer.

Last Agent to Rent the Property

Holly Parker

Compass License #30PA0869832 Listed on: 05/18/2021

Compass

Co-Listed By

Jamie Gagliano

Douglas Elliman Real Estate License #10401257389

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $34,413

Year Built

  • Built in 1900

Home Design

  • Pre War Building

Interior Spaces

  • 1,815 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • North Facing Home
  • No Cooling

Community Details

  • Nomad Subdivision
  • 13-Story Property

Listing and Financial Details

  • Property Available on 8/1/21
  • Tax Block 856

Condo Details

Home Type

Condominium

Est. Annual Taxes

$34,413

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Available Date: 2021-08-01

Listing Details

  • Cross Street: East 26th & 27th Streets
  • Exposures: North
  • Property SubType: Duplex
  • Property Type: Residential Lease
  • Neighborhood: NOMAD
  • Architectural Style: Prewar
  • Entry Level: 12
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 13

Interior Features

  • Living Area: 1815.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Total Stories: 13
  • Year Built: 1900

Tax Info

  • Tax Block: 856

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2016
Closed on
Jul 5, 2017
Sold by
Mercader Margarita and Mercader Van Steenkiste
Bought by
Feeney Jerry M
Seller's Agent
Holly Parker
Compass
List Price
$4,600,000
Sold Price
$3,850,000
Premium/Discount to List
-$750,000
-16.3%
Current Estimated Value
$3,600,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$249,627
Avg. Annual Appreciation
-1.00%
Original Mortgage
$3,000,000
Outstanding Balance
$2,513,866
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,034,453

Purchase Details

Closed on
Dec 3, 2007
Sold by
225 5Th Llc
Bought by
Mercader Margarita and Mercader Van Steenkiste

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Feeney Jerry M $3,850,000 --
Mercader Margarita $2,482,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feeney Jerry M $3,000,000
Previous Owner Mercader Margarita $18,782
Previous Owner Mercader Margarita $362,798
Previous Owner Mercader Margarita $1,500,000
Previous Owner Mercader Margarita $482,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2021 08/04/21 Rented -- -- --
07/05/2021 07/05/21 Under Contract -- -- --
05/18/2021 05/18/21 For Rent $17,000 +13.3% --
08/27/2020 08/27/20 Rented -- -- --
07/28/2020 07/28/20 Under Contract -- -- --
05/29/2020 05/29/20 For Rent $15,000 0.0% --
12/30/2019 12/30/19 Rented -- -- --
11/30/2019 11/30/19 Under Contract -- -- --
10/30/2019 10/30/19 For Rent $15,000 0.0% --
07/13/2017 07/13/17 Sold $3,850,000 -16.3% $2,121 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
11/08/2016 11/08/16 For Sale $4,600,000 -- $2,534 / 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 $34,413 $274,661 $117,878 $156,783
2024 $34,413 $275,263 $117,878 $157,385
2023 $27,684 $273,554 $117,878 $155,676
2022 $27,284 $273,018 $117,878 $155,140
2021 $31,781 $259,075 $117,878 $141,197
2020 $13,898 $286,951 $117,878 $169,073
2019 $26,385 $280,501 $117,878 $162,623
2018 $30,813 $270,701 $117,878 $152,823
2017 $29,754 $261,282 $117,878 $143,404
2016 $29,209 $238,368 $117,878 $120,490
2015 $16,934 $237,445 $117,878 $119,567
2014 $16,934 $203,539 $117,878 $85,661
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10719039

Real Estate Board of New York (REBNY)

APN: 0856-1274