291 7th Ave Unit 5 New York, NY 10001
NoMad NeighborhoodEstimated Value: $2,619,000 - $4,122,349
3
Beds
2.5
Baths
3,370
Sq Ft
$2,111/mo
HOA Fee
Highlights
- City View
- 1-minute walk to 28 Street (1,2 Line)
- Central Air
- P.S. 33 Chelsea Prep Rated A
- Pre War Building
- 3-minute walk to Penn South Playground
About This Home
As of September 2023Stunning and expansive 3370 square foot full floor, 3 bedroom, 2.5 bathroom, authentic loft has it all! Loft number 5 has so many attributes: soaring 11 foot high ceilings, four exposures from 17 windows, columns, and a wood burning fireplace, just to name a few. The high quality renovation in move-in condition is perfect as a primary residence or a proven investment property with a great rental history.
Enter directly from the keyed elevator into the massive great room and you will notice the space lends itself to multiple options for gracious dining and living areas. Here is where you can entertain numerous guests to your heart's content. The western end of the loft is graced by four large windows and would be an ideal location for live/work, home office and/or media area.
Throughout the loft are exquisitely crafted closet doors with custom interiors. They are the handiwork of a premier furniture and cabinet maker. They obviate the need for storage furniture allowing for a less cluttered lifestyle.
The vast windowed kitchen exemplifies simplicity, form and function with high end appliances, Corian countertops, ample counter space and a custom breakfast bar with seating for at least four. The adjoining pantry provides even more storage.
The bedroom wing is a delight..no interior bedrooms. All three bedrooms have multiple windows and wonderful custom closets. The corner primary bedroom has a generous walk-in closet and a spacious ensuite windowed bathroom, complete with a freestanding soaking tub, double pedestal sinks and large stall shower. The secondary bathroom in the bedroom wing is also large.There is a sweet half bathroom placed discreetly off of the living space for your guests.
In unit laundry room with a washer/dryer and utility sink.
291 Seventh Avenue, is an 8 unit loft condominium, built in 1907. Across the street from the Fashion Institute of Technology, the convenient location is near subways, buses and the newly expanded Pennsylvania Station. Food shopping is a breeze with Whole Foods, Trader Joe's, Eataly and Chelsea Market close by, as are many art galleries and shops. Madison Square Park, the High Line, and Hudson River Park are minutes away.
There is an ongoing capital reserve fund monthly fee of $430.45.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $41,520
Year Built
- Built in 1907
Lot Details
- 4,008
HOA Fees
- $2,111 Monthly HOA Fees
Home Design
- Pre War Building
Interior Spaces
- 3,370 Sq Ft Home
- Wood Burning Fireplace
- City Views
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Utilities
- Central Air
Community Details
- Chelsea Subdivision
- 12-Story Property
Listing and Financial Details
- Legal Lot and Block 7502 / 802
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2023
Closed on
Sep 6, 2023
Sold by
291 Fifth Floor Llc
Bought by
Wang Emma Charlotte Lim Chiann and Wang Michelle
Seller's Agent
Ellen Saland
Compass
List Price
$4,100,000
Sold Price
$3,830,000
Premium/Discount to List
-$270,000
-6.59%
Views
183
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
-$373,413
Avg. Annual Appreciation
-5.57%
Original Mortgage
$2,330,000
Outstanding Balance
$2,289,303
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,167,284
Purchase Details
Closed on
Jan 31, 2008
Sold by
Gurfein Gregory and Gurfein Pauletta Brooks
Bought by
291 Fifth Floor Llc
Purchase Details
Closed on
May 8, 2000
Sold by
291 Seventh Avenue Realt
Bought by
Gurfein Gregory and Gurfein Pauletta Brooks
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Wang Emma Charlotte Lim Chiann | $3,830,000 | -- | |
| 291 Fifth Floor Llc | -- | -- | |
| Gurfein Gregory | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wang Emma Charlotte Lim Chiann | $2,330,000 | |
| Previous Owner | Brooks Gurfein Pauletta J | $500,000 | |
| Previous Owner | Gurfein Gregory | $730,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2023 09/06/23 | Sold | $3,830,000 | -6.6% | $1,136 / Sq Ft |
| 07/12/2023 07/12/23 | Pending | -- | -- | -- |
| 05/08/2023 05/08/23 | For Sale | $4,100,000 | 0.0% | $1,217 / Sq Ft |
| 04/01/2021 04/01/21 | Rented | -- | -- | -- |
| 05/05/2020 05/05/20 | For Rent | $11,995 | -- | -- |
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 | $49,771 | $398,107 | $35,024 | $363,083 |
| 2023 | $39,364 | $414,619 | $35,024 | $379,595 |
| 2022 | $41,397 | $411,685 | $35,024 | $376,661 |
| 2021 | $50,796 | $414,083 | $35,024 | $379,059 |
| 2020 | $42,846 | $458,654 | $35,024 | $423,630 |
| 2019 | $39,920 | $448,337 | $35,024 | $413,313 |
| 2018 | $46,382 | $432,680 | $35,024 | $397,656 |
| 2017 | $35,480 | $391,458 | $35,024 | $356,434 |
| 2016 | $26,846 | $372,589 | $35,024 | $337,565 |
| 2015 | -- | $322,723 | $35,024 | $287,699 |
| 2014 | -- | $303,899 | $35,024 | $268,875 |
Source: Public Records
Agents Affiliated with this Home
-
Ellen Saland
Seller's Agent in 2023
Ellen Saland
Compass
(917) 951-9522
1 in this area
34 Total Sales
-
Nina Hennessey
Seller Co-Listing Agent in 2023
Nina Hennessey
Compass
(646) 644-3341
1 in this area
37 Total Sales
-
Todd Lewin
Seller's Agent in 2021
Todd Lewin
Compass
(917) 675-9054
113 Total Sales
-
Michael Rubin
Seller Co-Listing Agent in 2021
Michael Rubin
Compass
(347) 880-0349
100 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10890995
APN: 0802-1107
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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