$970,000
SOLD NOV 12, 2024
1 Bed
1 Bath
842 Sq Ft
$683/mo HOA Fee

Recently Sold

$1,152 Per Sq Ft

2% Above List Price

15 Days on Market

Highlights

  • Indoor Pool
  • 2-minute walk to Long Island City-Court Square
  • Built-In Freezer
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • Home Theater
  • 1-minute walk to Court Square Park

About This Home

As of November 2024

Step into this captivating one-bedroom, one-bath loft on the fifth floor of Arris Lofts, where industrial design meets timeless sophistication. Spanning 842 square feet, this residence offers a perfect blend of luxury and functionality in Long Island City.

Upon entering, you are greeted by an expansive living space with oversized windows and 14-foot ceilings. European hardwood floors create a refined and welcoming atmosphere. The kitchen, featuring high-end stainless steel appliances, integrates seamlessly with the living area, ideal for both cooking and entertaining.

The bedroom is enhanced by custom storage, and the spa-like bathroom offers a deep soaking tub, glass-enclosed shower, and contemporary fixtures. A flexible front room serves as a home office or guest space. *A storage unit is available separately, providing added convenience.*

Arris Lofts offers amenities including a 24-hour doorman and concierge service, fitness center, swimming pool, sauna, and a recently renovated amenities room with a pool table, ping pong table, and high-speed internet/TV. The building also includes a rooftop terrace, on-site parking, and bike storage.

Located in vibrant Long Island City, Residence 553 is just steps away from top dining spots, cafes, cultural venues such as MoMA PS1 and Culture Lab LIC, and convenient shopping at Target and Trader Joe’s. With quick access to the E, M, 7, and G trains, you can be in Midtown Manhattan or Brooklyn in minutes.

Common charges: $683.03/month?

Monthly taxes: $284.54/month

Don’t miss the opportunity to make this exceptional loft your new home. Schedule a private viewing or an appointment during open house hours to see all that this residence has to offer.

Last Agent to Sell the Property

Daniel Chen

Daniel Chen LLC License #10491212562 Listed on: 08/15/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,414

Year Built

  • Built in 1928

Lot Details

  • South Facing Home
  • Garden

HOA Fees

  • $683 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 842 Sq Ft Home
  • Home Theater
  • Storage
  • Home Gym
  • Wood Flooring
  • Property Views

Kitchen

  • Built-In Gas Oven
  • Built-In Gas Range
  • Microwave
  • Built-In Freezer
  • Built-In Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • Garage
  • Automated Parking System

Pool

  • Indoor Pool
  • Sport pool features two shallow ends and a deeper center

Listing and Financial Details

  • Property Available on 8/15/24
  • Legal Lot and Block 7501 / 00082

Community Details

Overview

  • 237 Units
  • Arris Lofts Condos
  • Hunters Point Subdivision
  • 8-Story Property

Amenities

  • Community Garden

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,414

Year Built

Built in 1928

Lot Details

0

HOA Fees

$683 per month

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Hunters Point
  • Architectural Style: Prewar
  • Structure Type: Mixed Use
  • ResoPropertyType: Residential
  • Pets No Pets Comments: Dogs and Cats Allowed,Building Pets Allowed Comments:Dogs and Cats Allowed
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Interior Features: Elevator, Storage
  • Appliances: Built-In Gas Oven, Built-In Gas Range, Built-In Refrigerator, Dryer, Washer/Dryer Stacked, Dishwasher, Built-In Freezer, Disposal, Microwave, Washer
  • Fireplace: No
  • Flooring: Wood
  • Living Area: 842.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Dining Room Type: Gym, Media Room

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Pool Features: Indoor, Sport
  • View: Park/Greenbelt, Garden
  • View: Yes
  • Direction Faces: South
  • Exterior Features: Building Garden, Garden
  • Other Structures: Garage(s)

Garage/Parking

  • Garage: Yes
  • Parking Features: Automated Parking System

Utilities

  • Laundry Features: In Unit

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 683.03
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Features: Garden
  • Lot Size Area: 76784.0
  • Lot Size Dimensions: 535.0 x 398.56

Building Info

  • New Construction: No
  • Building Name: Arris Lofts
  • Units: 237
  • Total Stories: 8
  • Year Built: 1928

Rental Info

  • Furnished: Unfurnished
  • Owner Pays: None
  • Available Date: 2024-08-15

Tax Info

  • Tax Block: 00082
  • Tax Lot: 7501
  • Tax Annual: 3414.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Nov 12, 2024
Sold by
Malvaso David
Bought by
Chen Qi
Seller's Agent
Daniel Chen
Daniel Chen LLC
List Price
$950,000
Sold Price
$970,000
Premium/Discount to List
$20,000
2.11%
Views
15
Current Estimated Value
$782,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$187,345
Avg. Annual Appreciation
-23.79%
Original Mortgage
$679,000
Outstanding Balance
$673,820
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$108,835

Purchase Details

Closed on
Oct 19, 2016
Sold by
Lin Yingxi Adelle
Bought by
Malvaso David

Purchase Details

Closed on
Nov 13, 2015
Sold by
Cicci Alfred
Bought by
Lin Yingxi Adelle and Malvaso David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2007
Sold by
Tag Court Square Llc
Bought by
Cicci Alfred
Source: Public Records

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Range of Values:

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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 $970,000 --
Deed $120,308 --
Deed $120,308 --
Deed $820,000 --
Deed $820,000 --
Deed $641,948 --
Deed $641,948 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $679,000 Purchase Money Mortgage
Previous Owner $615,000 New Conventional
Previous Owner $550,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $970,000 +2.1% $1,152 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $950,000 -- $1,128 / 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 $4,911 $40,338 $2,176 $38,162
2024 $3,414 $39,285 $2,176 $37,109
2023 $4,785 $38,271 $2,176 $36,095
2022 $3,811 $40,289 $2,176 $38,113
2021 $1,978 $34,626 $2,176 $32,450
2020 $1,326 $38,352 $2,176 $36,176
2019 $333 $36,920 $2,176 $34,744
2018 $277 $31,174 $2,176 $28,998
2017 $277 $29,468 $2,176 $27,292
2016 $281 $29,468 $2,176 $27,292
2015 -- $26,876 $2,332 $24,544
2014 -- $26,431 $2,339 $24,092
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11001090

Real Estate Board of New York (REBNY)

APN: 00082-1199