NOT LISTED FOR SALE

291 7th Ave Unit 10 New York, NY 10001

NoMad Neighborhood

Estimated Value: $4,459,000 - $7,951,000

5 Beds
3 Baths
4,900 Sq Ft
$2,493/mo HOA Fee

Last Sold January 31, 2014

Last sale price $4,600,000 $939 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $45,659/month

225 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to 28 Street (1,2 Line)
  • 3-minute walk to Penn South Playground
  • P.S. 33 Chelsea Prep Rated A
  • Terrace

About This Home

As of January 2014

Penthouse Duplex Loft in a Prewar boutique Condominium located in the heart of the Chelsea District. This beautiful 5 bedroom, 3 bathroom home has been tastefully renovated and upgraded offering superb light throughout the residence. Private keyed elevator arrives directly into formal skylit foyer that welcomes one into this soaring duplex loft. This space features approximately 12ft ceilings and generously proportioned rooms that are versatile in use. The total size of this loft is approximately 4,900 sq. ft with a phenomenal 36ft x 25ft Living room that is enhanced by a working fire place. Master corner bedroom receives superb light from oversized windows facing South and East. Large home office located off the foyer providing great function and views to the West. The windowed kitchen is sleek and equipped with Viking Professional appliances, custom cabinetry, double length drawers, Basalt stone counter tops and a sizeable eat-in area. This home is complimented by a private roof terrace with 4 sun-lit exposures. Laundry room is conveniently located in-residence.

The building features a video intercom system and additional storage. Low carry with a J-51 tax exemption in effect until 2018. Located in the heart of Chelsea, just a stone's throw away from all subway lines, high-end boutiques and in close proximity to The High Line, Whole Foods and the soon to-be-opened Fairway market. This loft residence is the epitome of versatility and contemporary style & function.

Last Agent to Sell the Property

Frances Katzen

Douglas Elliman Real Estate License #30KA1018951 Listed on: 05/07/2013

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $99,793

Year Built

  • Built in 1907

Lot Details

  • 4,008

HOA Fees

  • $2,493 Monthly HOA Fees

Home Design

  • 4,900 Sq Ft Home
  • Pre War Building
  • Entry on the 10th floor

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Terrace

Community Details

  • 8 Units
  • Chelsea Subdivision
  • 10-Story Property

Listing and Financial Details

  • Tax Block 802

Property Details

Home Type

Condominium

Est. Annual Taxes

$99,793

Year Built

Built in 1907

Lot Details

0

HOA Fees

$2,493 per month

Listing Details

  • Cross Street: West 26th & 27th Streets
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: CHELSEA
  • Architectural Style: Prewar
  • Entry Level: 10
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Living Area: 4900.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 5

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2493.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 8
  • Total Stories: 10
  • Year Built: 1907

Tax Info

  • Tax Block: 802

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2018
Sold by
Cheng Tai-Heng
Bought by
291 7Th Avenue Ph-10-11 Llc
Current Estimated Value
$6,573,231

Purchase Details

Listed on
May 7, 2013
Closed on
Jan 31, 2014
Sold by
Suskind Barnett J
Bought by
Cheng Tai-Heng
Seller's Agent
Frances Katzen
Douglas Elliman Real Estate
List Price
$4,950,000
Sold Price
$4,600,000
Premium/Discount to List
-$350,000
-7.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$1,100,000
Interest Rate
4.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2001
Sold by
291 Seventh Avenue Realt
Bought by
Suskind Barnett J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,387,500
Interest Rate
7.18%
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
291 7Th Avenue Ph-10-11 Llc -- --
Cheng Tai-Heng $4,600,000 --
Suskind Barnett J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheng Tai-Heng $1,100,000
Previous Owner Suskind Barnett J $1,387,500
Closed Cheng Tai-Heng $2,350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2014 01/31/14 Sold $4,600,000 -7.1% $939 / Sq Ft
01/01/2014 01/01/14 Pending -- -- --
05/20/2013 05/20/13 For Sale $4,950,000 -- $1,010 / 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 $99,793 $800,750 $70,222 $730,528
2024 $99,793 $798,219 $70,222 $727,997
2023 $98,824 $831,325 $70,222 $761,103
2022 $100,919 $825,442 $70,222 $755,220
2021 $101,847 $830,250 $70,222 $760,028
2020 $2,781 $919,617 $70,222 $849,395
2019 $98,875 $898,931 $70,222 $828,709
2018 $92,998 $867,539 $70,222 $797,317
2017 $71,139 $784,886 $70,222 $714,664
2016 $53,827 $747,053 $70,222 $676,831
2015 -- $647,070 $70,222 $576,848
2014 -- $609,329 $70,222 $539,107
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10042836

Real Estate Board of New York (REBNY)

APN: 0802-1112