291 7th Ave Unit 3 New York, NY 10001
NoMad NeighborhoodEstimated Value: $1,982,000 - $3,527,579
2
Beds
2
Baths
3,370
Sq Ft
$2,413/mo
HOA Fee
Highlights
- City View
- 1-minute walk to 28 Street (1,2 Line)
- Gas Fireplace
- P.S. 33 Chelsea Prep Rated A
- High-Rise Condominium
- 3-minute walk to Penn South Playground
About This Home
As of May 2024Experience true LOFT living in this expansive and stunning, full-floor, 3370 square foot live/work space in the heart of Chelsea! Welcome to 291 Seventh Avenue, #3 located in a boutique prewar condominium building and currently set up with 2-bedrooms and 2 full bathrooms with tons of closets and storage, and easily convertible to a 3 or 4-bedroom (see alternate floor plan).
Enter through a private key-locked elevator into the foyer area and you'll immediately be taken in by the architectural beauty of the loft with its soaring 11-foot beamed ceilings and vast 66 31 foot common space featuring beautifully sculpted columns. The common space is currently set up with a large living room area around a working wood burning fireplace, an expandable dining area that can accommodate large gatherings comfortably, and an open kitchen with top-of-the-line Viking appliances, granite counter tops, breakfast bar with ample seating, and tons of smart storage space. To the right of the foyer area are 4 large west-facing windows that brighten the loft space throughout the day and highlight two additional living areas, currently set up as a den and home office. Closets line both the north and south sides of the space, including a large laundry closet with washer and dryer and a freight elevator.
The serene, east-facing bedrooms are accessed off a private hallway just beyond the kitchen and dining areas. The king-sized primary bedroom with seating features 4 large windows, a 10 7 foot custom walk-in closet, and a spa-like 5-fixture bathroom with walk-in shower, whirlpool bathtub, and two pedestal sinks - all outfitted with Kohler fixtures. The 2nd king-sized bedroom features 2 large windows, a large closet, and plenty of space for a dresser and seating. Off the hallway is the second full bathroom as well as an additional interior room useful for storage, an office, or another sleeping area.
Beautiful oak strip hardwood floors, central air conditioning, steam heat, closets galore (12 in total), a dedicated basement storage unit, and the ability to legitimately use this enormous, functioning live/work space in many different ways (see virtually staged office photo) make 291 Seventh Avenue, 3rd floor an excellent choice for your next home and/or business!
291 Seventh Avenue, #3 is in a 10-story boutique private elevator condominium building built in 1907 and located in Chelsea between West 26th-27th Streets. The pet-friendly building features a new video entry monitor with remote access, and full-floor, live/work loft apartments. Across from the Fashion Institute of Technology, it is close to many markets such as Whole Foods, Trader Joe's, and Eataly, as well as numerous fitness centers, art galleries, shops and transportation including 3 major subway lines and Penn Station. Nearby Madison Square Park, The Highline, and Hudson River Park. There's a monthly assessment of $409.95 in place to build up the condo's reserve fund. Real estate taxes indicated reflect the primary residence abatement; consult with your attorney or NYC DOF for confirmation of the RE taxes payable.
Last Agent to Sell the Property
Corcoran Group License #10301209467 Listed on: 03/15/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $47,520
Year Built
- Built in 1907
Lot Details
- 4,008
HOA Fees
- $2,413 Monthly HOA Fees
Interior Spaces
- 3,370 Sq Ft Home
- Gas Fireplace
- City Views
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Washer Dryer Allowed
Utilities
- No Cooling
Community Details
- 8 Units
- High-Rise Condominium
- Chelsea Subdivision
- 11-Story Property
Listing and Financial Details
- Legal Lot and Block 1105 / 00802
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 15, 2024
Closed on
May 17, 2024
Sold by
Robin Henry
Bought by
Zald Jonathan and Zald Mindy
Seller's Agent
Edward Tawil
Corcoran Group
List Price
$2,950,000
Sold Price
$2,750,000
Premium/Discount to List
-$200,000
-6.78%
Views
6
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
$99,395
Avg. Annual Appreciation
3.31%
Original Mortgage
$2,200,000
Outstanding Balance
$2,178,079
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$671,316
Purchase Details
Closed on
May 22, 2000
Sold by
291 Seventh Avenue Realty Llc
Bought by
Robin Henry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
8.12%
Similar Homes in New York, NY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zald Jonathan | $2,750,000 | -- | |
| Zald Jonathan | $2,750,000 | -- | |
| Robin Henry | $942,000 | -- | |
| Robin Henry | $942,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zald Jonathan | $2,200,000 | |
| Closed | Zald Jonathan | $2,200,000 | |
| Previous Owner | Robin Henry | $750,000 | |
| Previous Owner | Robin Henry | $500,000 | |
| Previous Owner | Robin Henry | $100,000 | |
| Previous Owner | Robin Henry | $106,030 | |
| Previous Owner | Robin Henry | $740,000 | |
| Closed | Robin Henry | $92,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2024 05/17/24 | Sold | $2,750,000 | -6.8% | $816 / Sq Ft |
| 03/15/2024 03/15/24 | Pending | -- | -- | -- |
| 03/15/2024 03/15/24 | For Sale | $2,950,000 | -- | $875 / 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 | $47,520 | $380,101 | $33,439 | $346,662 |
| 2023 | $49,491 | $395,866 | $33,439 | $362,427 |
| 2022 | $47,940 | $393,064 | $33,439 | $359,625 |
| 2021 | $48,498 | $395,354 | $33,439 | $361,915 |
| 2020 | $49,761 | $437,909 | $33,439 | $404,470 |
| 2019 | $46,199 | $428,059 | $33,439 | $394,620 |
| 2018 | $44,284 | $413,111 | $33,439 | $379,672 |
| 2017 | $33,875 | $373,752 | $33,439 | $340,313 |
| 2016 | $25,632 | $355,737 | $33,439 | $322,298 |
| 2015 | -- | $308,126 | $33,439 | $274,687 |
| 2014 | -- | $290,154 | $33,439 | $256,715 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Tawil
Seller's Agent in 2024
Edward Tawil
Corcoran Group
(732) 614-2235
1 in this area
29 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10959015
APN: 0802-1105
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