NOT LISTED FOR SALE

Estimated Value: $4,140,773 - $6,505,000

4 Beds
4 Baths
2,730 Sq Ft
$1,893/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2023

Last sale price $3,300,000 $1,209 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $31,339 / mo

40 Days on Market

Highlights

  • City View
  • 4-minute walk to 77 Street (4,6 Line)
  • Den
  • P.S. 158 The Bayard Taylor School Rated A
  • Pre War Building
  • Community Garden

About This Home

As of May 2023

In 1867 the completion of this Italianate style home at 255 East 78th Street became one of a long row of identical, three story brick faced residences with a discreet charm and storybook provenance. Originally the home in 1890 of New York Senator John Gilmore Boyd and most recently the former residence of New York Literary Icon John Leonard, literary, television, film and cultural critic, author, Former Editor of the New York Times Book Review, and a Featured Critic for CBS Sunday Morning for 16 years. This unique home has hosted many literary giants such as Nobel Prize-winner Toni Morrison to name a few. Rarely today with the vast large scale of so many townhouses presented for purchase does a home of this unique size and disposition become available for acquisition in Manhattan. Approximately fourteen feet wide and fifty feet deep with nearly 2,700 square feet of interior space. There are air rights available to add two upper set back floors if desired. Originally a single family home until around 1955 when it was converted to a two family class, currently the home consists of four floors plus a basement, four bedrooms, two full and two half bathrooms with a large eat-in windowed kitchen on the second floor. There are period wood floors, beams, a skylight, spiral staircase, high ceilings and a large rear yard. Bring your imagination and architect. This historic home is ready for its next chapter.

Last Agent to Sell the Property

Gina Kuhlenkamp

Sothebys International Realty License #10301204652 Listed on: 02/21/2023

Sothebys International Realty

Co-Listed By

Michelle Bourgeois

Sothebys International Realty License #10301209251

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 1,413 Sq Ft Lot
  • Lot Dimensions are 13.83 x 102.17
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 3-Story Property
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • City Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms

Listing and Financial Details

  • Tax Block 01433

Community Details

Overview

  • 2 Units
  • Upper East Side Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

1,413 Sq Ft Lot

Listing Details

  • Exposures: North,South
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Prewar
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Den, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Bathrooms Integer: 3
  • Bedrooms: 4

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Area: 1413.0
  • Lot Size Dimensions: 13.83 x 102.17

Building Info

  • Units: 2
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 01433

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
May 30, 2023
Sold by
Jennifer Nessel Co-Trustee and Sue Leonard Revocable Trust
Bought by
Gratzel Kristin and Vario Craig
Seller's Agent
Gina Kuhlenkamp
Sothebys International Realty
List Price
$3,995,000
Sold Price
$3,300,000
Premium/Discount to List
-$695,000
-17.4%
Views
428
Current Estimated Value
$5,167,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,867,258
Avg. Annual Appreciation
16.42%
Original Mortgage
$2,640,000
Outstanding Balance
$2,546,470
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,620,788

Purchase Details

Closed on
Aug 22, 2019
Sold by
Leonard Sue
Bought by
Jennifer Nessel Trustee and Sue Leonard Revocable Trust Dated June
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Gratzel Kristin $3,300,000 --
Jennifer Nessel Trustee -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Gratzel Kristin $2,640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2023 05/30/23 Sold $3,300,000 -10.7% $1,209 / Sq Ft
04/16/2023 04/16/23 Off Market $3,695,000 -- --
04/03/2023 04/03/23 Pending -- -- --
03/08/2023 03/08/23 Price Changed $3,695,000 -7.5% $1,353 / Sq Ft
02/21/2023 02/21/23 For Sale $3,995,000 -- $1,463 / 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
2026 $40,491 $211,271 $87,342 $123,929
2025 $40,373 $201,014 $67,907 $133,107
2024 $40,373 $201,013 $133,920 $128,367
2023 $40,060 $197,252 $76,223 $121,029
2022 $36,866 $346,200 $133,920 $212,280
2021 $36,647 $299,280 $133,920 $165,360
2020 $35,161 $297,840 $133,920 $163,920
2019 $34,749 $281,340 $133,920 $147,420
2018 $33,211 $164,377 $54,410 $109,967
2017 $31,315 $155,089 $66,111 $88,978
2016 $28,939 $146,312 $62,826 $83,486
2015 $17,426 $139,593 $89,920 $49,673
2014 $17,426 $139,593 $107,915 $31,678
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10851131

Real Estate Board of New York (REBNY)

APN: 1433-0019

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