NOT LISTED FOR SALE

Estimated Value: $795,000 - $1,004,000

1 Bed
1 Bath
740 Sq Ft
$699/mo HOA Fee

Last Sold October 15, 2021

Last sale price $950,000 $1,284 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $6,338/month

26 Days on Market

Highlights

  • City View
  • Community Garden
  • Laundry Facilities
  • River School (The) Rated A
  • Garage
  • 3-minute walk to Vincent F Albano Jr Playground

About This Home

As of October 2021

Extra large mint renovated 1 bedroom condo at I.M. Pei's Kips Bay Towers condominium. This beautifully renovated contemporary home features gorgeous hardwood plank flooring and crown molding throughout, enormous wall-to-wall windows with stunning open city views of the Chrysler Building and United Nations, and custom soffits with recessed lighting. The kitchen features custom cabinetry in two tones with plenty of storage, Caesarstone countertops with marble veining, a marble mosaic backsplash, and stainless steel appliances including microwave and dishwasher. The extra large living room can accommodate a variety of home office set ups and is open to a separate dining area. There is a king-size bedroom and the bathroom is complete with a floating vanity, stunning porcelain tile, and stylish fixtures and finishes. New air conditioning/heating units have been enclosed with custom built-ins with extra storage.There are three large closets with custom closet fittings. All this, plus amazingly low common charges and taxes! There is currently an ongoing capital assessment of $144 per month. Kips Bay Towers is a full service condominium with many amenities including 24-hour concierge and doorman, live-in resident manager, live-in super, full staff of handymen and porters, on-site management office, newly renovated lobby, state of the art fitness center, bike room, storage and trunk rooms, community room, laundry room, on site valet with dry cleaning and housekeeping services, attached underground 24-hour parking, beautifully renovated lobby, and of course the magnificent 3+ acre private garden for residents (the largest in Manhattan!). The one of a kind garden is like having your own backyard. It features a landscaped lawn, areas for picnicking, lounging, herb garden, sports, ping pong tables, playground, and full-size basketball court. Conveniently located steps to Fairway, Trader Joes, Target, restaurants and shops, 6 train just three blocks west, M15 across the street, East River ferry, and two Citibike stations just outside. Cats are allowed. Sorry, no dogs.

Last Agent to Sell the Property

Jason Lee

Compass License #10401216147 Listed on: 07/23/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,884

Year Built

  • Built in 1961

Lot Details

  • North Facing Home

HOA Fees

  • $699 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 19th floor

Interior Spaces

  • 740 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Listing and Financial Details

  • Legal Lot and Block 7501 / 936

Community Details

Overview

  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,884

Year Built

Built in 1961

Lot Details

0

HOA Fees

$699 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 19
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Dining Area
  • Living Area: 740.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 699.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 21
  • Year Built: 1961

Tax Info

  • Tax Block: 936
  • Tax Lot: 7501
  • Tax Annual: 7884.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Oct 15, 2021
Sold by
Iwamoto Maria and Yu Justin K
Bought by
Jiang Xiao
Seller's Agent
Jason Lee
Compass
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$892,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$57,683
Avg. Annual Appreciation
-1.51%
Original Mortgage
$700,000
Outstanding Balance
$640,080
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$252,237

Purchase Details

Closed on
Apr 23, 2019
Sold by
Cotton Richard
Bought by
Iwamoto Maria and Yu Justin K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jiang Xiao $950,000 --
Iwamoto Maria $760,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jiang Xiao $700,000
Previous Owner Iwamoto Maria $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $950,000 0.0% $1,284 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $950,000 -- $1,284 / 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 $11,286 $91,749 $17,645 $74,104
2024 $11,286 $90,277 $17,645 $72,632
2023 $9,065 $89,571 $17,646 $71,925
2022 $8,762 $90,811 $17,646 $73,165
2021 $10,170 $82,907 $17,646 $65,261
2020 $8,331 $91,827 $17,646 $74,181
2019 $9,545 $89,763 $17,646 $72,117
2018 $8,967 $78,747 $17,646 $61,101
2017 $9,085 $83,601 $17,646 $65,955
2016 $8,777 $69,092 $17,647 $51,445
2015 $4,700 $64,777 $17,646 $47,131
2014 $4,700 $64,676 $17,646 $47,030
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10733558

Real Estate Board of New York (REBNY)

APN: 0936-3248