$850,000
SOLD JAN 13, 2022
1 Bed
1 Bath
-- Sq Ft
$607/mo HOA Fee

Recently Sold

33 Days on Market

Highlights

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

About This Home

As of January 2022

Splendor in the Heart of Kips Bay...

This light filled one bedroom one bath condominium at the renowned architect I.M. Pei's Kips Bay Towers, provides the perfect setting for spacious living.

As you enter the apartment you will be greeted with a large foyer (easily used as a dining/office space) with two large custom closets. Moving through the glass paned French doors to the Great room you are greeted with an enormous wall of South facing windows. As you peer out the windows you will see the 3 acre private garden which includes beautifully landscaped lawns and trees. This oversized space can easily accommodate a living area and dining area.

The handsomely custom appointed Kitchen features wood and glass cabinets, black granite countertops, stainless backsplash, under-mount stainless sink, black slate floor, Bosch stove, Fisher & Paykel refrigerator and built-in microwave.

The ample bedroom is also South facing and is a tranquil escape which includes a floor to ceiling closet ideal for any wardrobe.

The fully renovated bathroom showcases an enormous double door Glass shower and is complemented by ceramic tiled walls, and a 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, storage, community room, on-site valet with dry cleaning and housekeeping services and attached underground parking. The building has low common charges and taxes. Sorry, no dogs.

Last Agent to Sell the Property

Thomas DiDomenico

Compass License #30DI0842010 Listed on: 09/24/2021

Compass

Co-Listed By

Richard Bernstein

Compass License #30BE0810601

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,512

Year Built

  • Built in 1961

HOA Fees

  • $607 Monthly HOA Fees

Parking

  • Garage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • South Facing Home
  • Central Air

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

$7,512

Year Built

Built in 1961

Lot Details

0

HOA Fees

$607 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Dining Area
  • Appliances: Dryer, Washer
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 607.0
  • 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: 7512.0

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
$828,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,948
Avg. Annual Appreciation
-1.03%
Original Mortgage
$590,000
Outstanding Balance
$547,081
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$272,264

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $850,000 --
Deed $643,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $590,000 Purchase Money Mortgage
Previous Owner $9,111 No Value Available
Previous Owner $7,029 No Value Available
Previous Owner $425,000 Purchase Money Mortgage
Previous Owner $60,000 No Value Available
Previous Owner $200,000 No Value Available
Closed $60,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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% --
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: RLS10743955

Real Estate Board of New York (REBNY)

APN: 0936-3056