NOT LISTED FOR SALE

Estimated Value: $868,929

2 Beds
2 Baths
1,420 Sq Ft
0.35 Acres Lot

Highlights

  • Pre War Building
  • South Facing Home
  • 2-minute walk to Poor Richards Playground

About This Home

As of February 2021

Your urban sanctuary awaits you in East Harlem. Magnolia Mansion Condo, originally constructed as a schoolhouse in 1889, is now home to 33 duplex apartments, each with its own unique flow and flair.

Apartment 5A is a 2BR/2BA residence spanning some 1420 square feet. A spacious bonus room offers itself as a home office or guest room. Lofted bedrooms upstairs overlook the grand living room below through Japanese-style sliding doors, creating a charmed indoor-outdoor ambiance that may remind you of a German beer garden. The living room is marked by its dramatic 14-foot vaulted ceilings and oversized windows. The open kitchen has a vast expanse of Carrera marble countertop, and full-sized, stainless steel appliances (including a washer/dryer). Each floor has its own spacious, spa-inspired, updated bath.

This one-of-a-kind apartment - which conspires to be at once open and airy, and tucked-in cozy - is an ideal habitat for New Yorkers living and working in the same space much or all of the time. With springtime approaching, you will also enjoy the fresh air of the giant communal backyard, complete with tables and benches and multiple grills - it's a great place to pop out to take a phone call, enjoy a meal, or just refresh your eyes for a while.

Convenient to the 6 train on Lexington, Thomas Jefferson Park, and local favorite eateries such as Ricardo Steakhouse, Cascalote Latin Bistro and Dear Mama Cafe, the cat-friendly Magnolia Mansion offers video intercom service, live-in super, rooftop access. Contact us today, and come visit this urban oasis in person!

Last Agent to Rent the Property

Neil Porter

Compass License #10301210428 Listed on: 02/02/2021

Compass

Co-Listed By

Paul Zweben

Compass License #10301201644

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1926

Lot Details

  • 0.35

Home Design

  • 1,420 Sq Ft Home
  • Pre War Building
  • Entry on the 99th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Washer and Dryer Hookup
  • South Facing Home
  • No Cooling

Community Details

  • 33 Units
  • Magnolia Mansion Condos
  • Eharlem Subdivision
  • 6-Story Property

Listing and Financial Details

  • Property Available on 3/1/21
  • Tax Block 1680

Condo Details

Home Type

Condominium

Year Built

Built in 1926

Lot Details

0.35 Acres

Rental Info

  • Available Date: 2021-03-01

Listing Details

  • Cross Street: First & Second Avenues
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: EHARLEM
  • Architectural Style: Prewar
  • Entry Level: 99
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Living Area: 1420.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: MAGNOLIA MANSION
  • Units: 33
  • Total Stories: 6
  • Year Built: 1926

Tax Info

  • Tax Block: 1680

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2019
Sold by
Magnolia Francisco Real Estate Associate
Bought by
Eddy Sara Bordas
Current Estimated Value
$868,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$641,119
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$225,156

Purchase Details

Closed on
Sep 23, 2014
Sold by
Converto Real Estate Associates Llc
Bought by
Magnolia Francisco Real Estate Associate

Purchase Details

Closed on
Mar 24, 2014
Sold by
Park Duk Sun and Park Soo Sung
Bought by
Converto Real Estate Associates Llc

Purchase Details

Closed on
Apr 6, 2006
Sold by
Park Soo Sung
Bought by
Park Duk Sun and Park Soo Sung
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Eddy Sara Bordas $950,000 --
Eddy Sara Bordas $950,000 --
Magnolia Francisco Real Estate Associate -- --
Magnolia Francisco Real Estate Associate -- --
Converto Real Estate Associates Llc $830,000 --
Converto Real Estate Associates Llc $830,000 --
Park Duk Sun -- --
Park Duk Sun -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Eddy Sara Bordas $740,000
Closed Eddy Sara Bordas $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2021 07/31/21 Off Market -- -- --
02/23/2021 02/23/21 Rented -- -- --
02/05/2021 02/05/21 For Rent -- -- --
02/02/2021 02/02/21 For Rent $3,300 -- --
Source: Real Estate Board of New York (REBNY)

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
2026 $10,373 $86,343 $7,831 $78,512
2025 $10,282 $82,981 $7,831 $75,150
2024 $10,282 $82,244 $7,831 $74,413
2023 $9,933 $80,975 $7,831 $73,144
2022 $8,287 $82,097 $7,831 $74,266
2021 $9,531 $77,698 $7,831 $69,867
2020 $9,457 $86,052 $7,831 $78,221
2019 $8,561 $84,120 $7,831 $76,289
2018 $7,804 $83,219 $7,830 $75,389
2017 $7,109 $63,746 $7,831 $55,915
2016 $6,981 $61,984 $7,831 $54,153
2015 $3,880 $46,360 $7,831 $38,529
2014 $3,880 $51,490 $7,831 $43,659
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10697391

Real Estate Board of New York (REBNY)

APN: 1680-1032

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