NOT LISTED FOR SALE

Estimated Value: $2,160,000 - $3,643,422

2 Beds
2 Baths
3,370 Sq Ft
$2,413/mo HOA Fee

Last Sold May 17, 2024

Last sale price $2,750,000 $816 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $23,009/month

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 2024

Experience 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

Edward Tawil

Corcoran Group License #10301209467 Listed on: 03/15/2024

Corcoran Group

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$47,520

Year Built

Built in 1907

Lot Details

0

HOA Fees

$2,413 per month

Listing Details

  • Exposures: East,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 3
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 11

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 3370.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building None, In Unit
  • Green Building Features: Elevator(s), Green Building
  • Cooling: Other
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2413.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 8
  • Total Stories: 11
  • Year Built: 1907

Tax Info

  • Tax Block: 00802
  • Tax Lot: 1105

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
$3,012,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,356
Avg. Annual Appreciation
2.95%
Original Mortgage
$2,200,000
Outstanding Balance
$2,176,182
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$673,213

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%
Source: Public Records

Range of Values:

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Average Value
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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
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

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 $47,520 $381,306 $33,439 $347,867
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

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10959015

Real Estate Board of New York (REBNY)

APN: 0802-1105