NOT LISTED FOR SALE

Estimated Value: $3,683,000 - $4,201,904

3 Beds
3.5 Baths
2,075 Sq Ft
$2,618/mo HOA Fee

Last Sold October 25, 2022

Last sale price $4,330,000 $2,087 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $29,391/month

13 Days on Market

Highlights

  • New Construction
  • 2-minute walk to Broadway-Nassau Street
  • Garage
  • P.S. 397 Spruce Street School Rated A
  • Balcony
  • 2-minute walk to City Hall Park

About This Home

As of October 2022

Immediate Occupancy



This 2,075 SF three bedroom, three-and-a-half bath residence offers a dramatic double exposure living and dining room including sweeping views of historic City Hall Park. Fine finishes include wide plank Italian oak flooring, 9" decorative mouldings, and oversized casement windows accented with Juliet balconies. The open kitchen offers a cantilevered island featuring custom cabinetry and shelving with an overhang for seating in a choice of either walnut or white lacquer finish packages with Calacatta Gold marble countertops and backsplash. A Miele refrigerator/freezer, dishwasher and U-line wine refrigerator are concealed behind custom paneling. A five-burner Miele gas cooktop with vented hood, speed oven, and full size oven complete the range of appliances. A washer and dryer provide added convenience.



The master suite includes two generous walk-in closets and an en-suite five-fixture bath finished with a Calacatta Gold marble vanity top and wainscoting. Other features include a European white oak custom vanity, Kallista polished nickel fixtures, and radiant floor heating.



The elegantly-appointed Park Row Club, overlooking City Hall Park, includes a gracious reading room, a library with a fireplace, a dining room, a golf simulator, a billiards room, a 65' swimming pool, a fitness center with a yoga and meditation studio, a spa treatment room, a playroom suite, the Garden and Dining Terrace with a great lawn, trellised dining, an outdoor living room, and an outdoor playscape, Parking is available for purchase with a discreet Theatre Alley entrance.



Photos may be of a representative unit. Images may be virtually staged or otherwise modified, and therefore may not necessarily reflect actual site conditions.

Last Agent to Sell the Property

25 Park Row Sales Gallery

Corcoran Sunshine Marketing Group License #Z Listed on: 05/17/2022

Corcoran Sunshine Marketing Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $47,088

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 0.41

HOA Fees

  • $2,618 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 2,075 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Balcony

Community Details

  • 110 Units
  • 25 Park Row Condos
  • South Street Seaport Subdivision
  • 49-Story Property

Listing and Financial Details

  • Tax Block 00090

Property Details

Home Type

Condominium

Est. Annual Taxes

$47,088

Year Built

Built in 2019 | New Construction

Lot Details

0

HOA Fees

$2,618 per month

Listing Details

  • Cross Street: BEND and BEEKMAN STREET
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: South Street Seaport
  • Entry Level: 17
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 49

Interior Features

  • Living Area: 2075.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2618.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: 25 PARK ROW
  • Units: 110
  • Total Stories: 49
  • Year Built: 2019

Tax Info

  • Tax Block: 00090
  • Tax Annual: 47088.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Oct 25, 2022
Sold by
Park Row 23 Owners Llc
Bought by
Reichman Nancy E and Reichman William E
Seller's Agent
25 Park Row Sales Gallery
Corcoran Sunshine Marketing Group
List Price
$4,470,000
Sold Price
$4,330,000
Premium/Discount to List
-$140,000
-3.13%
Views
2
Current Estimated Value
$4,167,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$162,044
Avg. Annual Appreciation
-1.34%
Original Mortgage
$3,000,000
Outstanding Balance
$2,897,008
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,270,948
Source: Public Records

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 Buyer Sale Price Title Company
Reichman Nancy E $4,330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reichman Nancy E $3,000,000
Previous Owner Park Row 23 Owners Llc $139,425,703
Previous Owner Bank Ozk $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Off Market $4,330,000 -- --
10/25/2022 10/25/22 Sold $4,330,000 -3.1% $2,087 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $4,470,000 -- $2,154 / 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 $48,757 $395,858 $25,885 $369,973
2024 $48,757 $389,993 $25,885 $364,108
2023 $49,450 $403,113 $25,885 $377,228
2022 $47,510 $390,706 $25,885 $364,821
2021 $47,092 $390,706 $25,885 $364,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10905996

Real Estate Board of New York (REBNY)

APN: 0090-1351