NOT LISTED FOR SALE

Estimated Value: $1,342,000 - $1,941,148

2 Beds
2 Baths
1,313 Sq Ft
$1,090/mo HOA Fee

Last Sold May 16, 2019

Last sale price $1,940,000 $1,478 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $11,628/month

166 Days on Market

Highlights

  • Newly Remodeled
  • 4-minute walk to 50 Street (A,C,E Line)
  • Intercom
  • Clinton School Rated A
  • Balcony
  • 3-minute walk to Ramon Aponte Park

About This Home

As of May 2019

A keyed elevator opens directly into this full-floor, two-bedroom home. The generous open-plan layout spans over 1,300 square feet and includes a private balcony off the great room. The custom kitchen includes an all-Miele appliance package, Arabescato Cervaiole honed marble slab countertop, Ann Sacks Foundation Brick backsplash, and a Blanco undermount stainless steel sink with Grohe satin nickel faucet. Thoughtful details include white oak floors throughout, a spacious utility room, large wi-fi controlled ceiling fans, blink security system, electronic blinds and wired for Sonos in every room.The master suite features a spacious walk-in closet as well as a serene spa-like bathroom with full-height honed marble walls, custom-designed vanity with honed marble, Lacava fixtures in polished chrome finish, a shower stall with rain shower head and hand shower, Zuma soaking tub, and radiant floor heating. 318 West 47 offers easy access to virtually every subway line, Central Park and Midtown Manhattan. The facade at 318 West 47th features a tasteful blend of bluestone brick with carefully curated edges accented by simulated wood. Building amenities include a welcoming lobby, 24-hour virtual doorman service, dedicated storage, and bicycle storage.

Last Agent to Sell the Property

Steven Cohen

Douglas Elliman Real Estate License #10301216895 Listed on: 10/30/2018

Douglas Elliman Real Estate

Co-Listed By

Timothy Malone

Compass License #10401312770

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,196

Year Built

  • Built in 2016 | Newly Remodeled

HOA Fees

  • $1,090 Monthly HOA Fees

Home Design

  • 1,313 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Tax Block 1037

Community Details

Overview

  • 5 Units
  • 318 West 47 Condos
  • Midtown West Subdivision
  • 7-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,196

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$1,090 per month

Listing Details

  • Cross Street: 8th Avenue & 9th Avenue
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown West
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 1313.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1090.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 100.0 x 25.0

Building Info

  • New Construction: Yes
  • Building Name: 318 West 47
  • Units: 5
  • Total Stories: 7
  • Year Built: 2016

Tax Info

  • Tax Block: 1037
  • Tax Annual: 5196.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2023
Sold by
Naik Barry
Bought by
Barry Naik Revocable Trust and Naik, As Trustee, Barry
Current Estimated Value
$1,810,936

Purchase Details

Listed on
Oct 30, 2018
Closed on
May 16, 2019
Sold by
Schreer Scott P
Bought by
Naik Barry
Seller's Agent
Steven Cohen
Douglas Elliman Real Estate
List Price
$2,499,000
Sold Price
$1,940,000
Premium/Discount to List
-$559,000
-22.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.82%

Purchase Details

Closed on
Aug 4, 2017
Sold by
318 West 47Th Street Llc
Bought by
Schreer Scott P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,209,000
Interest Rate
3.96%
Mortgage Type
Unknown
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
Barry Naik Revocable Trust -- --
Naik Barry $1,940,000 --
Schreer Scott P $2,235,059 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Naik Barry $13,626
Previous Owner Schreer Scott P $1,209,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2019 05/16/19 Sold $1,940,000 -22.4% $1,478 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
10/31/2018 10/31/18 For Sale $2,499,000 -- $1,903 / 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 $7,473 $62,119 $4,336 $57,783
2024 $7,473 $59,774 $25,204 $54,767
2023 $5,601 $55,346 $5,563 $49,783
2022 $5,190 $271,648 $25,206 $246,442
2021 $5,862 $217,295 $25,206 $192,089
2020 $4,917 $210,993 $25,206 $185,787
2019 $4,825 $195,976 $25,206 $170,770
2018 $5,143 $40,777 $5,439 $35,338
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10524836

Real Estate Board of New York (REBNY)

APN: 1037-1102