NOT LISTED FOR SALE

Estimated Value: $793,000 - $844,000

1 Bed
1 Bath
737 Sq Ft
$654/mo HOA Fee

Last Sold July 23, 2024

Last sale price $760,000 $1,031 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,784/month

202 Days on Market

Highlights

  • Basketball Court
  • Courtyard
  • Central Heating and Cooling System
  • River School (The) Rated A
  • Garden
  • 3-minute walk to Vincent F Albano Jr Playground

About This Home

As of July 2024

Bring your contractor and create your dream home at I.M. Pei’s Kips Bay Towers condominium. This extra-large one bedroom features wall-to-wall and nearly floor-to-ceiling south facing windows. Great direct sunlight all day and fantastic through the treetop views of the condo's private garden below. This apartment is pin drop quiet. There’s an expansive living room with separate foyer/dining area, many closets, and a king-size bedroom which also faces the garden. All this, plus amazingly low common charges and taxes! There is currently an ongoing capital assessment of $132 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, 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 and pickleball courts. 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.

Last Agent to Sell the Property

Jason Lee

Compass License #10401216147 Listed on: 08/24/2023

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,328

Year Built

  • Built in 1961

Lot Details

  • South Facing Home
  • Garden

HOA Fees

  • $654 Monthly HOA Fees

Home Design

  • 737 Sq Ft Home
  • Entry on the 3rd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Garage
  • Assigned Parking

Outdoor Features

  • Basketball Court
  • Courtyard

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 3042 / 00936

Community Details

Overview

  • 280 Units
  • High-Rise Condominium
  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,328

Year Built

Built in 1961

Lot Details

0

HOA Fees

$654 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 3
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Fireplace: No
  • Living Area: 737.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Basketball Court, Courtyard, Garden

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Assigned, Garage

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor, Common Area
  • Cooling: Central Air, Other
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 654.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 0.000000x0.000000

Building Info

  • New Construction: No
  • Units: 280
  • Total Stories: 21
  • Year Built: 1961

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00936
  • Tax Lot: 3042
  • Tax Annual: 8328.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2023
Closed on
Jul 23, 2024
Sold by
Khan Mohammed Aslam and Pfefferblit Susanna
Bought by
Free Bowl Of Soup Llc
Seller's Agent
Jason Lee
Compass
List Price
$875,000
Sold Price
$760,000
Premium/Discount to List
-$115,000
-13.14%
Views
541
Current Estimated Value
$810,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,145
Avg. Annual Appreciation
5.54%

Purchase Details

Closed on
Oct 18, 2005
Sold by
Balnir Inc
Bought by
Khan Mohammed Aslam and Pfefferblit Susanna

Purchase Details

Closed on
Jul 13, 1995
Sold by
Hewlett Harry H and Blight Hewlett Patricia A
Bought by
Balnir Inc
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
Free Bowl Of Soup Llc $760,000 --
Khan Mohammed Aslam $635,000 --
Khan Mohammed Aslam $635,000 --
Balnir Inc $162,500 Stewart Title Insurance Co
Balnir Inc $162,500 Stewart Title Insurance Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2024 07/23/24 Sold $760,000 -4.4% $1,031 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
11/27/2023 11/27/23 Price Changed $795,000 -9.1% $1,079 / Sq Ft
10/26/2023 10/26/23 For Sale $875,000 -- $1,187 / 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 $10,371 $84,305 $16,214 $68,091
2024 $10,371 $82,953 $16,214 $66,739
2023 $8,329 $82,302 $16,214 $66,088
2022 $8,051 $83,442 $16,214 $67,228
2021 $9,345 $76,180 $16,214 $59,966
2020 $7,647 $84,376 $16,214 $68,162
2019 $7,359 $82,480 $16,214 $66,266
2018 $8,465 $72,357 $16,214 $56,143
2017 $8,254 $76,818 $16,214 $60,604
2016 $7,876 $63,486 $16,215 $47,271
2015 $4,319 $59,521 $16,214 $43,307
2014 $4,319 $59,428 $16,214 $43,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10970981

Real Estate Board of New York (REBNY)

APN: 0936-3042