NOT LISTED FOR SALE

Estimated Value: $778,000 - $894,000

1 Bed
1 Bath
738 Sq Ft
1961 Built

Last Sold January 13, 2022

Last sale price $850,000 $1,152 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,299/month

Highlights

  • 1 Fireplace
  • No HOA
  • Views
  • River School (The) Rated A
  • Elevator
  • 3-minute walk to Vincent F Albano Jr Playground

About This Home

As of July 2024

First showings via Open House, Sunday , June 16th: 10am-11:15am

Beautifully renovated & spacious one bedroom with lots of character, home office area, overlooking a 3 acre tree lined common outdoor space, with incredible south facing sunlight. In unit WASHER/DRYER! This is not a cookie cutter white box! Earliest availability is Septemeber 1st. Tenant occupied, 24 hour notice needed for showings.

As you enter this home, you are greeted with a large entry foyer with two oversized custom closets, a perfect home office area for work from home needs. You enter the living room via glass paned French doors into your city oasis, large enough to accommodate living room furniture, dining needs, and electric fireplace.

The entire unit is south facing onto the largest private outdoor space in Manhattan, shared by residents of the condo building. In the warmer months you enjoy a spectacular and luscious green tree lined view and incredibly quiet. The entire home features Cherry hardwood herringbone floors, high ceilings, oversized windows, and flexibility in layout options.

In unit washer/dryer with storage inside the closet and HVAC heating & cooling throughout, Verizon Fios, high speed internet.

The bedroom accommodates queen sized bed, end tables, and dressers. It features a seating nook with built in mill work against the windows, and a large WALK IN CLOSET. Also south facing with an excellent morning view from bed of the courtyard. The kitchen is modern and renovated, featuring a breakfast nook, hardwood & glass cabinetry, granite countertops, backsplash, black slate floor, Bosch stove, Fisher & Paykel refrigerator and microwave. The bathroom includes linen closet storage, double glass door, and custom vanity.

Kips Bay Towers is a Full Service Condominium with amenities that includes 24 hour doorman, live-in resident manager, on-site management office, fitness center, bike room, 3 acre common courtyard, storage, community room, on-site valet with dry cleaning and housekeeping services and attached underground parking. Sorry, no dogs. Condo board approval required. Available for September 1st and 12-24 month lease. Broker fee paid by tenant.

Last Agent to Rent the Property

Quinn Ferree

Douglas Elliman Real Estate License #10401291492 Listed on: 06/14/2024

Douglas Elliman Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,420

Year Built

  • Built in 1961

Parking

  • Garage

Home Design

  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • 1 Fireplace
  • South Facing Home
  • No Cooling
  • Property Views

Listing and Financial Details

  • Property Available on 9/1/24
  • Legal Lot and Block 7501 / 00936

Community Details

Overview

  • No Home Owners Association
  • 538 Units
  • High-Rise Condominium
  • Kips Bay Towers Condos
  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Elevator

Condo Details

Home Type

Condominium

Est. Annual Taxes

$10,420

Year Built

Built in 1961

Lot Details

0

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished
  • Available Date: 2024-09-01

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Kips Bay
  • Entry Level: 4
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Smoke Free
  • Fireplace Features: Electric
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Elevator(s)
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: KIPS BAY TOWERS
  • Units: 538
  • Total Stories: 21
  • Year Built: 1961

Tax Info

  • Tax Block: 00936
  • Tax Lot: 7501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Jan 11, 2022
Sold by
Cahn Harry and Krivitzky Rosalynne
Bought by
Kakar Puneet and Kakar Shefali M
Seller's Agent
Thomas DiDomenico
Compass
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$841,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,452
Avg. Annual Appreciation
-0.26%
Original Mortgage
$590,000
Outstanding Balance
$542,645
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$298,903

Purchase Details

Closed on
Oct 17, 2005
Sold by
Niebur Lucille J
Bought by
Cahn Harry and Krivitzky Rosalynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
5.79%
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
Kakar Puneet $850,000 --
Cahn Harry $643,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kakar Puneet $590,000
Previous Owner Cahn Harry $425,000
Closed Cahn Harry $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2024 07/30/24 Rented $4,450 0.0% --
07/01/2024 07/01/24 Under Contract -- -- --
06/14/2024 06/14/24 For Rent $4,450 +4.7% --
07/03/2023 07/03/23 Rented $4,250 0.0% --
05/27/2023 05/27/23 For Rent $4,250 0.0% --
01/13/2022 01/13/22 Sold $850,000 0.0% -- View Prior Sale
10/28/2021 10/28/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $850,000 -- --
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 $10,420 $84,707 $16,291 $68,416
2024 $10,420 $83,347 $16,291 $67,056
2023 $10,144 $82,694 $16,291 $66,403
2022 $8,090 $83,841 $16,292 $67,549
2021 $9,088 $76,544 $16,292 $60,252
2020 $7,512 $84,780 $16,292 $68,488
2019 $7,151 $82,873 $16,292 $66,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10981561

Real Estate Board of New York (REBNY)

APN: 0936-3056