The Olcott 27 W 72nd St Unit PHA New York, NY 10023
Upper West Side Neighborhood
5
Beds
4
Baths
3,350
Sq Ft
$7,158/mo
HOA Fee
Highlights
- Concierge
- 3-minute walk to 72 Street (A,B,C Line)
- Children's Playroom
- P.S. 87 William Sherman Rated A
- City View
- 5-minute walk to Verdi Square
About This Home
As of August 2024Central Park block spectacular, downtown-like, mint condition Penthouse Condo. The most amazing outdoor space in Manhattan with fabulous sunlight and sweeping views!
This unique and gorgeous loft-like duplex boasts 4 super spacious bedrooms plus a large windowed office-and EVERY room in the house has an open exposure. The 3500 square feet of
unparalleled outdoor space is the equivalent of the best backyard in the sky-an exciting entertaining and recreation space-with the unusual combination of views and total safety.
Off the elevator, step into an entry gallery on the top floor which leads to the magnificent and jaw dropping great room, which stretches over 37 feet long and over 19 feet wide with over 10 foot ceilings. Enormous windows on 3 sides create the ultimate architecturally correct glass box, still allowing room for art and furniture, and the rare confluence of fabulous light and warmth. The terrace can be accessed via regular glass doors and for those occasions you want to bring the outdoors in, there are sliding bi-fold glass doors.
The Western portion of the terrace features new turf surfacing, a basketball hoop, trampoline, a large dining area, and an outdoor kitchen with a built-in gas grill with gas line. The Eastern portion has a full lounge area with an outdoor TV, ping pong area, heating lamp and gorgeous views of Central Park and the Dakota. The terrace is also beautifully planted with an automated irrigation system, lighting system, and electric awning.
The state of the art West facing eat-in kitchen is a chef's delight with a six burner Wolf stove with vented hood, Wolf oven, Thermador dishwasher and 2 Subzero refrigerators and freezers. There is endless counter space and storage space, an extra large counter for dining, and gigantic windows. Off the kitchen is a powder room with shower.
Downstairs there are 4 bedrooms, a large office and 3 full bathrooms. All of the bedrooms and the office face South with open views. The luxurious primary suite has a beautiful en-suite bathroom with double vanity, large bathtub and spa like glass shower. The walk in closet is the one of the largest imaginable!
Three other bedrooms are all generously sized with great closets. One has an en-suite bathroom and the 2 others share a hall bathroom. The office has great built-ins and is spacious
enough to accommodate 2 people working at the same time.
Completing this floor is a giant, extra storage closet and a large laundry room. There is also access to a common hallway and the elevators from this floor for ease returning from traveling with suitcases.
Additional amenities of this extraordinary home include a brand new, multi-zoned central AC system with smart control thermostats, Control4 lighting system, and automatic shades.
The Olcott is a full service, landmarked, prewar condominium just half a block from Central Park. Amenities include a fabulous gym, private resident's dining room, children's
play room, and cold storage. Two storage bins transfer with this sale.
Note that there is an assessment in the amount of $1,504.57 for about 8 months. There is also a working capital contribution equal to the amount of 2 months of common charges
paid by the buyer.
Last Agent to Sell the Property
Brown Harris Stevens Residential Sales LLC License #30LI0869919 Listed on: 03/13/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $107,525
Year Built
- Built in 1925
HOA Fees
- $7,158 Monthly HOA Fees
Interior Spaces
- 3,350 Sq Ft Home
- Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Additional Features
- South Facing Home
- Central Air
Listing and Financial Details
- Tax Block 01125
Community Details
Overview
- 158 Units
- High-Rise Condominium
- Olcott, The Condos
- Upper West Side Subdivision
- 17-Story Property
Amenities
- Concierge
- Children's Playroom
- Community Storage Space
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2024
Closed on
Aug 22, 2024
Sold by
Atzil Lee and Atzil-Taranto Michal
Bought by
Kabisa Llc
Seller's Agent
Lisa Lippman
Brown Harris Stevens Residential Sales LLC
List Price
$12,500,000
Sold Price
$10,900,000
Premium/Discount to List
-$1,600,000
-12.8%
Total Days on Market
99
Views
105
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,669,569
Avg. Annual Appreciation
-49.44%
Purchase Details
Closed on
Jul 30, 2012
Sold by
Gluck Laurence and % Stellar Management
Bought by
Atzil Lee and Atzil-Taranto Michal
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
3.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 26, 2007
Sold by
Bcre West 72 Llc and Stellar 85 Llc
Bought by
Gluck Laurence
Similar Homes in New York, NY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $10,900,000 | -- | |
| Deed | $10,400,406 | -- | |
| Deed | $10,400,406 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $2,000,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2024 08/22/24 | Sold | $10,900,000 | -5.2% | $3,254 / Sq Ft |
| 06/21/2024 06/21/24 | Pending | -- | -- | -- |
| 05/13/2024 05/13/24 | Price Changed | $11,500,000 | -8.0% | $3,433 / Sq Ft |
| 03/13/2024 03/13/24 | For Sale | $12,500,000 | -- | $3,731 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $107,525 | $860,064 | $85,933 | $774,131 |
| 2023 | $86,798 | $857,665 | $85,933 | $771,732 |
| 2022 | $82,130 | $813,659 | $85,933 | $727,726 |
| 2021 | $98,894 | $806,176 | $85,933 | $720,243 |
| 2020 | $82,945 | $892,912 | $85,933 | $806,979 |
| 2019 | $80,141 | $872,835 | $85,933 | $786,902 |
| 2018 | $92,161 | $839,382 | $85,933 | $753,449 |
| 2017 | $89,881 | $851,741 | $85,933 | $765,808 |
| 2016 | $87,398 | $782,096 | $85,933 | $696,163 |
| 2015 | $32,105 | $688,570 | $85,933 | $602,637 |
| 2014 | $32,105 | $644,675 | $85,933 | $558,742 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Lippman
Seller's Agent in 2024
Lisa Lippman
Brown Harris Stevens Residential Sales LLC
(917) 991-1304
75 in this area
163 Total Sales
-
Gerard Moore
G
Seller Co-Listing Agent in 2024
Gerard Moore
Brown Harris Stevens Residential Sales LLC
(212) 588-5608
68 in this area
148 Total Sales
About The Olcott
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10972884
APN: 1125-1358
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