NOT LISTED FOR SALE

Estimated Value: $669,000 - $970,000

4 Beds
2 Baths
1,600 Sq Ft
0.35 Acres

Highlights

  • Rooftop Deck
  • Entrance Foyer
  • 2-minute walk to Poor Richards Playground
  • Pre War Building

About This Home

As of May 2023

This huge sun-drenched duplex Loft offers 14 ft. high ceilings, south-east facing over-sized windows, washer/dryer in unit, hardwood floors throughout and over 1,600 square feet of living space. The loft has been recently renovated with a new kitchen including a dishwasher, refinished floors, white paint and trims.

THE FIRST FLOOR features an oversized walk in closet when you first walk in. The converted bedroom is suitable for a library, home office or guest bedroom. The first floor also showcases the expansive living room and dining area with soaring ceiling heights. The newly renovated kitchen is also on the first floor as well as a full bathroom.

THE SECOND FLOOR features 3 generous size bedrooms which all can fit a Queen size bed, a full bathroom with a washer and dryer.

ABOUT THE BUILDING: The Magnolia Mansion Lofts offer shared courtyard garden, video intercoms, package area and a full-time Super. The courtyard garden spans the length of the building and is a quiet oasis featuring tables and barbecue grills. The building is located within walking distance of the subway and major transportation, Museum Mile, and restaurants. Magnolia Mansion Lofts were originally built as a school and converted to condos in 1987. This beautiful pre-war building maintains many of the original features, including a grand entry and original columns. Please email for a private viewing.

Last Agent to Rent the Property

Christine Mariani

Compass License #30MA0991319 Listed on: 01/13/2023

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,612

Year Built

  • Built in 1889

Lot Details

  • 0.35

Home Design

  • Pre War Building
  • Entry on the 5th floor

Interior Spaces

  • 1,600 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Property Available on 4/1/23
  • Legal Lot and Block 7501 / 1680

Community Details

Overview

  • East Harlem Subdivision
  • 6-Story Property

Amenities

  • Rooftop Deck
  • Community Garden

Condo Details

Home Type

Condominium

Est. Annual Taxes

$11,612

Year Built

Built in 1889

Lot Details

0

Rental Info

  • Available Date: 2023-04-01

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: East,South
  • Property SubType: Duplex
  • Property Type: Residential Lease
  • Neighborhood: East Harlem
  • Architectural Style: Prewar
  • Entry Level: 5
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1600.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Building Garden, Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 6
  • Year Built: 1889

Tax Info

  • Tax Block: 1680
  • Tax Lot: 7501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2020
Sold by
Maria Vergara-Declemente As Executor
Bought by
Maria Vergara-Declemente As Trustee and The Maria Vergara-Declemente Living Trus
Current Estimated Value
$878,196

Purchase Details

Closed on
Jul 30, 1998
Sold by
Gitterman Jordan
Bought by
Declemente Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
6.92%

Purchase Details

Closed on
Jan 27, 1998
Sold by
Great Eastern Bank
Bought by
Gitterman Jordan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
10.5%
Source: Public Records

Range of Values:

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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
Maria Vergara-Declemente As Trustee -- --
Declemente Anthony $139,000 United General Title Ins Co
Gitterman Jordan $85,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Declemente Anthony $111,200
Previous Owner Gitterman Jordan $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2023 05/22/23 Rented $4,500 0.0% --
04/11/2023 04/11/23 Price Changed $4,500 +2.3% $3 / Sq Ft
04/01/2023 04/01/23 Price Changed $4,400 -2.2% $3 / Sq Ft
03/13/2023 03/13/23 Price Changed $4,500 +2.3% $3 / Sq Ft
01/24/2023 01/24/23 Price Changed $4,400 +10.0% $3 / Sq Ft
01/13/2023 01/13/23 For Rent $4,000 -- --
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 $11,612 $93,711 $8,845 $84,866
2024 $11,612 $92,881 $8,845 $84,036
2023 $11,218 $91,447 $8,845 $82,602
2022 $11,344 $92,714 $8,845 $83,869
2021 $10,764 $87,747 $8,845 $78,902
2020 $10,681 $97,180 $8,845 $88,335
2019 $9,668 $94,999 $8,845 $86,154
2018 $8,813 $93,981 $8,845 $85,136
2017 $8,028 $71,990 $8,845 $63,145
2016 $7,884 $70,000 $8,845 $61,155
2015 $4,382 $52,356 $8,845 $43,511
2014 $4,382 $58,148 $8,845 $49,303
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10849321

Real Estate Board of New York (REBNY)

APN: 1680-1033