NOT LISTED FOR SALE

Estimated Value: $4,228,728

5 Beds
4.5 Baths
5,200 Sq Ft
$813/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2019

Last sale price $4,350,000 $837 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $25,444 / mo

24 Days on Market

Highlights

  • Community Garden
  • Garden
  • 4-minute walk to La Plaza Cultural
  • P.S. 110 Florence Nightingale Rated A-

About This Home

As of November 2019

Located in the heart of the East Village, 268 East 7th Street represents an incredible opportunity to create your dream home. Currently configured as a 22' 6" wide, five-story, free market, three-unit building, the possibilities are endless. This unique scenario gives its purchaser the option to live in an income producing townhouse, or utilize all existing floors as a single-family residence. As an added benefit, you will enjoy very low operating costs with real estate taxes for the entire building currently at $7,500 for the full year. The purchase of the building also includes landmark approved plans by Grzywinski + Pons for a six-story (plus roof deck) two unit townhouse encompassing nearly 8,300 sqft., available upon request. The building's current configuration is as follows: a lower duplex with garden, middle floor through with terrace and an upper duplex with large vaulted ceilings. In a neighborhood rich with history, this area of the East Village was referred to in the 1800s as the "Dry Dock District" due to the grand ships that were once built along the East River from 12th to Grand Street. Around 1900, this block was renamed “Political Row”, housing lawyers, judges, and politicians connected to famed Tammany Hall. Just around the corner from Tompkins Square Park, don't miss this chance to live in a beautiful brownstone in the East Village, with the optionality to produce income, while considering a conversion to an 8,300 square feet property.

Last Agent to Sell the Property

Christopher Riccio

Douglas Elliman Real Estate License #10401234838 Listed on: 04/16/2019

Douglas Elliman Real Estate

Co-Listed By

Matthew Lesser

Leslie J Garfield & Co Inc License #10301217047

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,065 Sq Ft Lot
  • Lot Dimensions are 22.67 x 90.83
  • Garden

Interior Spaces

  • 5,200 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Listing and Financial Details

  • Tax Block 00376

Community Details

Overview

  • 4 Units
  • Alphabet City Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

2,065 Sq Ft Lot

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Alphabet City
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 5200.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Area: 2065.0
  • Lot Size Dimensions: 22.67 x 90.83

Building Info

  • Units: 4
  • Total Stories: 3
  • Year Built: 1900

Tax Info

  • Tax Block: 00376

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2019
Closed on
Oct 31, 2019
Sold by
Faessen Wilco
Bought by
268 East 7Th Street Owner Llc
Seller's Agent
Christopher Riccio
Douglas Elliman Real Estate
List Price
$5,150,000
Sold Price
$4,350,000
Premium/Discount to List
-$800,000
-15.53%
Current Estimated Value
$4,228,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$121,272
Avg. Annual Appreciation
-0.43%

Purchase Details

Listed on
Oct 1, 2013
Closed on
Aug 23, 2013
Sold by
Rebel Realty Llc
Bought by
Faessen Wilco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 2002
Sold by
Leguizamo John A
Bought by
Rebel Realty Llc

Purchase Details

Closed on
Nov 18, 1997
Sold by
Osorio Yelba and Leguizamo Yelba
Bought by
Leguizamo John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,139
Interest Rate
6.99%

Purchase Details

Closed on
Mar 24, 1995
Sold by
Ometz Realty Corp
Bought by
Leguizamo John A and Leguizamo Yelba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,000
Interest Rate
8.12%
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

Date Buyer Sale Price Title Company
268 East 7Th Street Owner Llc $4,350,000 --
268 East 7Th Street Owner Llc $4,350,000 --
Faessen Wilco $3,650,100 --
Faessen Wilco $3,650,100 --
Rebel Realty Llc -- --
Rebel Realty Llc -- --
Leguizamo John A -- --
Leguizamo John A -- --
Leguizamo John A $417,000 --
Leguizamo John A $417,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Faessen Wilco $2,550,000
Previous Owner Leguizamo John A $22,139
Previous Owner Leguizamo John A $317,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2019 11/01/19 Sold $4,350,000 -15.5% $837 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $5,150,000 -- $990 / Sq Ft
10/01/2013 10/01/13 Sold -- -- -- View Prior Sale
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
2025 $36,284 $292,566 $25,776 $266,790
2024 $36,284 $290,224 $105,300 $262,950
2023 $8,285 $67,536 $10,229 $57,307
2022 $6,536 $753,300 $105,300 $648,000
2021 $7,103 $737,550 $105,300 $632,250
2020 $7,223 $775,350 $105,300 $670,050
2019 $6,962 $743,400 $105,300 $638,100
2018 $6,608 $51,951 $7,341 $44,610
2017 $6,119 $48,106 $7,742 $40,364
2016 $5,743 $44,544 $7,902 $36,642
2015 $3,728 $44,544 $7,351 $37,193
2014 $3,728 $43,158 $8,544 $34,614
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10874758

Real Estate Board of New York (REBNY)

APN: 0376-0026

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