NOT LISTED FOR SALE

24 W 71st St New York, NY 10023

Lincoln Square Neighborhood

Estimated Value: $7,404,000 - $9,643,000

6 Beds
5 Baths
8,820 Sq Ft
$979/Sq Ft Est. Value

Last Sold November 27, 2018

Last sale price $9,500,000 $1,077 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $50,878/month

222 Days on Market

Highlights

  • Terrace
  • 1-minute walk to 72 Street (A,B,C Line)
  • Garden
  • PS 199 Jessie Isador Straus Rated A

About This Home

As of November 2018

The Milbank Mansion at 24 West 71st Street has the finest museum-quality original detail we have ever seen. This magnificent one-of-a-kind property has 17 rooms, 6 bedrooms, 5+ bathrooms, 10 fireplaces, paneled 6-stop elevator and 8,820 interior square feet on 6 levels. Commissioned in 1888 by Elizabeth Milbank, philanthropist and widow of prominent businessman Jeremiah Milbank, the house was finished in 1890 by the renowned architectural firm of Lamb & Rich. This exquisite house must be seen to be appreciated. Another valuable benefit is the extremely low real estate taxes of $37,992 p.a., the lowest percentage of value of any house we have seen.

Last Agent to Sell the Property

George Vanderploeg

Douglas Elliman Real Estate License #30VA0599615 Listed on: 02/28/2018

Douglas Elliman Real Estate

Co-Listed By

Steffen Kral

Douglas Elliman Real Estate License #10301215133

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $64,938

Year Built

  • Built in 1892

Lot Details

  • 2,004

Home Design

  • 8,820 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Terrace
  • Garden

Community Details

  • Upwest Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 1123

Home Details

Home Type

Single Family

Est. Annual Taxes

$64,938

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Cross Street: CPW & Columbus Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: UPWEST
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 5

Interior Features

  • Living Area: 8820.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Integer: 5
  • Bedrooms: 6

Exterior Features

  • Exterior Features: Garden
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Heating: Building Oil

Building Info

  • Units: 1
  • Total Stories: 5
  • Year Built: 1892

Tax Info

  • Tax Block: 1123

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2018
Closed on
Nov 26, 2018
Sold by
Brighton Consulting Associates Llc
Bought by
Lamb And Rich Llc
Seller's Agent
George Vanderploeg
Douglas Elliman Real Estate
List Price
$15,000,000
Sold Price
$9,500,000
Premium/Discount to List
-$5,500,000
-36.67%
Current Estimated Value
$8,635,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$864,983
Avg. Annual Appreciation
-1.35%
Original Mortgage
$5,500,000
Outstanding Balance
$4,845,617
Interest Rate
4.8%
Mortgage Type
Unknown
Estimated Equity
$3,789,400

Purchase Details

Closed on
Dec 13, 2017
Sold by
Kaplan Ron
Bought by
Brighton Consulting Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,916,321
Interest Rate
3.95%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 30, 1996
Sold by
Balk Michael E and Balk Marcine
Bought by
Schiltkamp Arrien and Schiltkamp Robin
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
Lamb And Rich Llc $9,500,000 --
Brighton Consulting Associates Llc $13,715,675 --
Schiltkamp Arrien $14,962,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamb And Rich Llc $5,500,000
Closed Lamb And Rich Llc $5,500,000
Previous Owner Brighton Consulting Associates Llc $2,916,321
Previous Owner Brighton Consulting Associates Llc $2,916,321
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2018 11/27/18 Sold $9,500,000 -36.7% $1,077 / Sq Ft
10/28/2018 10/28/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $15,000,000 -- $1,701 / 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 $64,938 $325,112 $155,636 $169,476
2024 $64,938 $323,318 $278,640 $182,887
2023 $45,425 $223,668 $111,426 $112,242
2022 $39,886 $593,220 $278,640 $314,580
2021 $41,893 $637,260 $278,640 $358,620
2020 $42,136 $687,480 $278,640 $408,840
2019 $41,330 $797,460 $278,640 $518,820
2018 $37,996 $186,390 $61,138 $125,252
2017 $35,845 $175,840 $55,494 $120,346
2016 $33,163 $165,888 $56,725 $109,163
2015 $20,007 $165,888 $77,171 $88,717
2014 $20,007 $164,643 $91,914 $72,729
Source: Public Records

Agents Affiliated with this Home

  • George Vanderploeg

    Seller's Agent in 2018

    George Vanderploeg

    Douglas Elliman Real Estate

    (917) 301-0158

    18 Total Sales

    George Vanderploeg
    Section Image
  • Steffen Kral

    Seller Co-Listing Agent in 2018

    Steffen Kral

    Douglas Elliman Real Estate

    (917) 246-0736

    5 Total Sales

    Steffen Kral
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10424938

Real Estate Board of New York (REBNY)

APN: 1123-0045

New York New York County New York 10023 Lincoln Square

24 W 71st St, New York, NY

Not Listed for Sale

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