NOT LISTED FOR SALE

Estimated Value: $1,818,000 - $1,972,000

1 Bed
2 Baths
-- Sq Ft
$1,336/mo HOA Fee

Last Sold June 19, 2015

Last sale price $1,333,000

Est. 42% increase in value since last sale

Current estimated payment $12,160/month

335 Days on Market

Highlights

  • Rooftop Deck
  • 2-minute walk to Long Island City-Court Square
  • Pre War Building
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • City View
  • 2-minute walk to Court Square Park

About This Home

As of June 2015

A spacious and light-filled architect-redesigned loft minutes from Manhattan, Arris Lofts #514 is the epitome of form, function and majesty. A luxurious foyer with ample storage leads into the library and den, framed with a wall of custom built-in bookcases. The space opens up to its full 14-foot height as you pass through turn-of-the-last-century imported French doors into a great room made for entertaining. A wall of 9-foot windows illuminates a sleek kitchen with Liebherr and Electrolux appliances and a custom island with curved glass countertop that anchor the spacious main living area. This 1,762 square foot home is fully and professionally soundproofed, including insulation-filled double walls and an acoustic ceiling to ensure a perfect night's sleep. Two full baths, one with soaking tub and wet room, the other handsomely renovated with porcelain tile and a striking walk-in shower with rain head add another touch of luxury. The Master suite has an outfitted walk-in-closet fit for a king, while the generous laundry and storage room is the size of many Manhattan bedrooms. Start your morning off well in the 8,000 square foot gym, the resident yoga studio, or take a dip in the lap pool. Arris Lofts is a truly unique find: an oasis just one stop away from midtown.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,277

Lot Details

  • 4.89

HOA Fees

  • $1,336 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • City Views
  • Balcony

Community Details

Overview

  • Arris Lofts Condos
  • Long Island City Subdivision

Amenities

  • Rooftop Deck
  • Building Terrace

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,277

Lot Details

0

HOA Fees

$1,336 per month

Listing Details

  • Cross Street: Court Square and 44th Drive
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Architectural Style: Prewar, Loft
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

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

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: Building Terrace, Balcony, Rooftop

Garage/Parking

  • Garage: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1336.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: Arris Lofts

Tax Info

  • Tax Block: 0
  • Tax Annual: 12.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2015
Closed on
Jun 18, 2015
Sold by
Andrew William Gerle Revocable Trust and Gerle Trustee Andrew William
Bought by
Barmettler Anne and Rhee David
List Price
$1,333,000
Sold Price
$1,333,000
Current Estimated Value
$1,895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,000
Avg. Annual Appreciation
3.44%
Original Mortgage
$1,183,700
Outstanding Balance
$918,123
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$976,877

Purchase Details

Closed on
May 31, 2012
Sold by
Gerle Andrew
Bought by
Andrew William Gerle As Trustee and The Andrew William Gerle Revocable Trust

Purchase Details

Closed on
Oct 31, 2007
Sold by
Tag Court Square Llc
Bought by
Gerle Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
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
Barmettler Anne $1,330,000 --
Andrew William Gerle As Trustee -- --
Andrew William Gerle As Trustee -- --
Gerle Andrew $1,060,000 --
Gerle Andrew $1,060,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barmettler Anne $1,183,700
Previous Owner Gerle Andrew $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2015 06/19/15 Sold $1,333,000 0.0% --
05/20/2015 05/20/15 Pending -- -- --
06/18/2014 06/18/14 For Sale $1,333,000 -- --
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 $10,277 $84,401 $4,550 $79,851
2024 $7,145 $82,201 $4,550 $77,651
2023 $10,011 $80,078 $4,550 $75,528
2022 $5,287 $84,298 $4,550 $79,748
2021 $4,139 $72,448 $4,550 $67,898
2020 $2,797 $80,245 $4,550 $75,695
2019 $696 $77,250 $4,550 $72,700
2018 $579 $65,230 $4,550 $60,680
2017 $579 $61,659 $4,550 $57,109
2016 $587 $61,659 $4,550 $57,109
2015 -- $56,224 $4,872 $51,352
2014 -- $55,295 $4,891 $50,404
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10067428

Real Estate Board of New York (REBNY)

APN: 00082-1166