NOT LISTED FOR SALE

245 7th Ave Unit 8B New York, NY 10001

NoMad Neighborhood

Estimated Value: $3,382,000 - $4,037,000

3 Beds
3.5 Baths
2,258 Sq Ft
$2,241/mo HOA Fee

Last Sold September 03, 2020

Last sale price $3,900,000 $1,727 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $26,486/month

7,357 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to 23 Street (1,2 Line)
  • Den
  • P.S. 11 Sarah J. Garnet School Rated A
  • Pre War Building
  • 4-minute walk to Penn South Playground

About This Home

As of September 2020

Sublime, spacious and sexy are a few thoughts that come to mind upon entering this dramatic loft.

A formal gallery truly sets the tone for what's to come and it's absolutely guaranteed to take your breath away.

This was a carefully thought out home. A meticulous renovation that took well over a year, it is the utmost in comfort and luxury with no expense or detail spared. The coveted B Line , a corner 3 bedroom, 3 bathroom loft, is well known for its grand proportions and sprawling space. You'll be wowed by the spectacular 35 foot width of the grand entertaining space as you enter off the gallery. It's bathed in beautiful southern and western sunlight, with open views from a surround of massive tilt and turn windows. There are 11Ft high ceilings, beautiful wide plank floors and amazing wall space throughout for the discerning art collector. Other features include Caesarstone window sills and baseboards, solar shades with blackouts, washer/dryer, HVAC with separate zones, a Nest and Lutron system.

The kitchen is a chefs dream. Equipped with every high end appliance, Wolf, Miele and Subzero, custom cabinetry, pull out pantries, 105 bottle wine refrigerator, double dishwashers, double wall ovens, not to mention a pot filler over the stove. The slabs of Smokey Grey Travertine that adorn the feature wall are show stopping.

The gallery separates the entertaining space from the sleeping quarters, making it so private and quiet. The expansive master suite is replete with a custom built in that houses a retractable flat screen TV and vast storage, a glamorous bathroom of stone slab walls, separate tub and shower, Dornbracht fixtures and abundant custom closets. The second bedroom is also sunny and large with an en suite bath and walk in closet. What is currently the den off the living area, readily converts to a large 3rd bedroom, also has a walk in closet and a custom built-in with retractable flat screen TV and storage. All closets are custom walnut throughout.

The Chelsea Atelier is a boutique prewar building with only 3 residences per floor. Built in 1911, it is an elegant building that converted to condominium homes in the 1980's. There is a full time doorman and an on-site superintendent. Pets are welcome. At your doorstep is downtown's hottest neighborhood with Whole Foods directly across the street and Eataly just 2 blocks away with its prized restaurants and shopping. The Highline Park and Madison Sq. Park are other highlights within the neighborhood, as well as some of the finest destination restaurants, hotels, shopping and gyms, a list too long to publish here! This central locale in Chelsea is convenient to all transportation.

I am pleased to present this special home in the sought after Chelsea Atelier, now ready for private showings. Seeing is believing!!

Last Agent to Sell the Property

Vicki Musso

Compass License #40MU0933553 Listed on: 03/18/2019

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $35,832

Year Built

  • Built in 1910

Lot Details

  • 1.58

HOA Fees

  • $2,241 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 8th floor

Interior Spaces

  • 2,258 Sq Ft Home
  • Entrance Foyer
  • Den

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7501 / 800

Community Details

Overview

  • Chelsea Subdivision
  • 12-Story Property

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$35,832

Year Built

Built in 1910

Lot Details

0

HOA Fees

$2,241 per month

Listing Details

  • Cross Street: West 24th Street/West 25th Street
  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Architectural Style: Prewar
  • Entry Level: 8
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Interior Features: Dining Area, Den, Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 2258.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8
  • Dining Room Type: Den

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2241.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 12
  • Year Built: 1910

Tax Info

  • Tax Block: 800
  • Tax Lot: 7501
  • Tax Annual: 35832.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2019
Closed on
Sep 3, 2020
Sold by
Dominick Cannavo 2018 Living Trust and Louise Parzick Co-Trustee
Bought by
Grover Allison and Scher Susan
Seller's Agent
Vicki Musso
Compass
List Price
$3,900,000
Sold Price
$3,900,000
Current Estimated Value
$3,688,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$211,356
Avg. Annual Appreciation
-1.08%
Original Mortgage
$1,470,608
Outstanding Balance
$1,305,067
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,383,577

Purchase Details

Closed on
Apr 13, 2018
Sold by
Cannavo Dominick
Bought by
Dominick Cannavo 2018 Living Trust and Dominick Cannavo As Trustee

Purchase Details

Closed on
Nov 20, 2012
Sold by
Miller Trustee Lynne T and Mclaughlin %
Bought by
Cannavo Dominick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2005
Sold by
Fisher Roberta
Bought by
Mille and Mille

Purchase Details

Closed on
Sep 29, 2000
Sold by
Kraemer Thomas D
Bought by
Fisher Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Grover Allison $3,900,000 --
Dominick Cannavo 2018 Living Trust -- --
Cannavo Dominick $2,900,000 --
Cannavo Dominick $2,900,000 --
Mille $2,400,000 --
Mille $2,400,000 --
Fisher Roberta $1,500,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grover Allison $1,470,608
Previous Owner Cannavo Dominick $2,000,000
Previous Owner Fisher Roberta $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2020 09/03/20 Sold $3,900,000 +30.2% $1,727 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
01/29/2015 01/29/15 Sold -- -- -- View Prior Sale
12/30/2014 12/30/14 Pending -- -- --
07/18/2012 07/18/12 For Sale $2,995,000 -23.2% $1,326 / Sq Ft
07/06/2000 07/06/00 For Sale $3,900,000 -- $1,727 / 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 $56,949 $460,992 $48,967 $412,025
2024 $56,949 $455,518 $48,967 $406,551
2023 $45,367 $462,205 $48,967 $413,238
2022 $44,956 $476,034 $48,967 $427,067
2021 $52,076 $468,799 $48,967 $419,832
2020 $35,330 $519,241 $48,967 $470,274
2019 $38,865 $507,571 $48,967 $458,604
2018 $46,424 $489,831 $48,967 $440,864
2017 $41,861 $408,533 $48,967 $359,566
2016 $40,312 $403,538 $48,967 $354,571
2015 $13,554 $334,518 $48,967 $285,551
2014 $13,554 $342,691 $48,967 $293,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10842972

Real Estate Board of New York (REBNY)

APN: 0800-1021