$2,650,000
SOLD OCT 25, 2024

245 7th Ave Unit 5A New York, NY 10001

NoMad Neighborhood
2 Beds
2.5 Baths
2,002 Sq Ft
$2,782/mo HOA Fee

Recently Sold

$1,324 Per Sq Ft

5% Below List Price

39 Days on Market

Highlights

  • Wood Flooring
  • 1-minute walk to 23 Street (1,2 Line)
  • Built-In Features
  • P.S. 11 Sarah J. Garnet School Rated A
  • High Ceiling
  • 4-minute walk to Penn South Playground

About This Home

As of October 2024

Welcome to 5A, a beautifully renovated, expansive condominium loft with 11’ ceilings, 2 or 3 bedrooms, 2.5 baths, a home office, Poggenpohl kitchen, 1000+ bottle wine room, and oversized 7’1 x 4’7 windows. This home has unique features including beautiful wide, white oak floors, high-gloss European paint, Venetian plaster in the living room, marble window sills, electric shades, washer dryer, and central AC and heat.

Enter to a proper foyer that leads to the vast south-facing entertaining space which offers multiple seating areas, a perfect spot for a substantial dining table, and a large south-facing media room separated by elegant opaque glass pocket doors. This versatile and lovely room can function in a myriad of ways, including as a third bedroom, The Poggenpohl kitchen has attractive light wood cabinets, a plethora of storage space, and stainless appliances including a Viking stove, Sub-Zero refrigerator, built-in microwave and dual Miele dishwashers.

A bedroom hallway, lined with closets enhanced by the perfect shade of blue gray lacquered doors, also houses the vented washer/dryer and across is a separate built-in office area, easily converted to a small home gym.

The generously sized quiet but light, north-facing primary bedroom has a fully outfitted, windowed dressing area and a marble spa-like en-suite bathroom with large glass shower, clad in marble and separate WC. The second bedroom is also spacious with an ensuite Bazzaza tiled bath and glass shower.

The Chelsea Atelier, a boutique, pet friendly, prewar condominium with 24-hour doorman, live-in resident manager, bike and deeded basement storage (which trades with the loft),is conveniently located across from Whole Foods and near Trader Joe’s, Eataly, top restaurants and excellent shopping. Also close are the numerous world class art galleries that populate the area. Transportation options are many: the 1, 2, A,C,E, F, M, and N/R/Q/W subway lines and the Path train at 23rd Street.

Last Agent to Sell the Property

Pamela S D Arc

Compass License #10301202251

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36,372

Year Built

  • Built in 1911

HOA Fees

  • $2,782 Monthly HOA Fees

Interior Spaces

  • 2,002 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 1011 / 00800

Community Details

Overview

  • 33 Units
  • Chelsea Subdivision
  • 12-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$36,372

Year Built

Built in 1911

Lot Details

0

HOA Fees

$2,782 per month

Listing Details

  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 5
  • Structure Type: Mixed Use
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Interior Features: Built-in Features, High Ceilings, Kitchen Island, Pantry
  • Appliances: Dishwasher, Stainless Steel Appliance(s)
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 2002.0
  • Living Area Units: Square Feet
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area, In Unit
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2782.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 86.940000x79.170000

Building Info

  • New Construction: No
  • Units: 33
  • Total Stories: 12
  • Year Built: 1911

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00800
  • Tax Lot: 1011
  • Tax Annual: 36372.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Oct 25, 2024
Sold by
Shapiro Gary
Bought by
Kababulut Osman Berke
Seller's Agent
Pamela S D Arc
Compass
List Price
$2,800,000
Sold Price
$2,650,000
Premium/Discount to List
-$150,000
-5.36%
Total Days on Market
39
Views
41
Current Estimated Value
$2,622,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,482
Avg. Annual Appreciation
-1.78%
Original Mortgage
$1,325,000
Outstanding Balance
$1,318,439
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,304,079

Map

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 Type Sale Price Title Company
Deed $2,650,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,325,000 Purchase Money Mortgage
Previous Owner $11,038 No Value Available
Previous Owner $5,245 No Value Available
Previous Owner $500,000 No Value Available
Previous Owner $14,030 No Value Available
Previous Owner $400,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $2,650,000 -5.4% $1,324 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $2,800,000 -- $1,399 / 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 $44,092 $352,682 $37,913 $314,769
2023 $35,125 $357,860 $37,913 $319,947
2022 $34,807 $368,567 $37,913 $330,654
2021 $40,320 $362,966 $37,913 $325,053
2020 $33,136 $402,021 $37,913 $364,108
2019 $31,523 $392,985 $37,913 $355,072
2018 $35,943 $379,249 $37,912 $341,337
2017 $32,410 $316,305 $37,913 $278,392
2016 $31,211 $312,437 $37,912 $274,525
2015 $15,741 $258,999 $37,913 $221,086
2014 $15,741 $265,327 $37,912 $227,415
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10985085

Real Estate Board of New York (REBNY)

APN: 0800-1011