NOT LISTED FOR SALE

Estimated Value: $3,585,000 - $4,965,000

3 Beds
4 Baths
3,292 Sq Ft
$2,820/mo HOA Fee

Last Sold January 12, 2017

Last sale price $4,725,000 $1,435 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $30,172/month

138 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to 14 Street (F Line)
  • 5-minute walk to Chelsea Green
  • Sixth Avenue Elementary School Rated A

About This Home

As of January 2017

Located at the crossroads of Flatiron and Chelsea, this expansive 3-bedroom (convertible 4), 3.5 -bathroom loft, at the Altair, is a showpiece of luxury and design. Enter into the sprawling living area, boasting 11-foot ceilings and lined with oversized mahogany encased windows. No detail has been overlooked in the home's high-end design, from the wide plank white oak floors to the wood-burning fireplace. Entertaining and dining are completely seamless with the expansive rosewood chef's kitchen with white-glass countertops, designed by Valcucine of Italy. Sub Zero and Miele appliances include double ovens, cooling drawers, a five burner, fully vented cooktop, microwave, built-in coffee/espresso service, dishwasher and full size washer/dryer. The master bedroom suite offers a walk-in closet, as well as two additional closets, providing an ample amount of storage. The spa-like en-suite master bathroom is richly clad in Italian marble, with a Thermomasseur tub, separate shower, double vanity, and features Dornbracht fixtures. This home is completed by two additional bedrooms with private en-suite marble bathrooms.The Altair is a boutique luxury building featuring a roof deck with spectacular city views, 24/7 attended lobby, La Palestra designed fitness center and private storage. Located mere steps off Fifth Avenue, Altair delivers top notch luxury living.

Last Agent to Sell the Property

Noble Black

Corcoran Group License #10301211307 Listed on: 07/25/2016

Corcoran Group

Co-Listed By

Corinne Cahlon

Corcoran Group License #10301216552

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,404

Year Built

  • Built in 1908

HOA Fees

  • $2,820 Monthly HOA Fees

Home Design

  • 3,292 Sq Ft Home
  • Pre War Building
  • Entry on the 99th floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Utilities

  • No Cooling

Community Details

  • Flatiron Subdivision
  • 12-Story Property

Listing and Financial Details

  • Tax Block 819

Property Details

Home Type

Condominium

Est. Annual Taxes

$43,404

Year Built

Built in 1908

Lot Details

0

HOA Fees

$2,820 per month

Listing Details

  • Cross Street: Fifth & Sixth Avenues
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: FLATIRON
  • Architectural Style: Prewar
  • Entry Level: 99
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Living Area: 3292.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2820.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Total Stories: 12
  • Year Built: 1908

Tax Info

  • Tax Block: 819
  • Tax Annual: 43404.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2016
Closed on
Dec 28, 2016
Sold by
Severn Investments Llc
Bought by
Hall Richard and Palerm Silda
Seller's Agent
Noble Black
Corcoran Group
List Price
$1
Sold Price
$4,725,000
Premium/Discount to List
$4,724,999
472499900%
Current Estimated Value
$4,329,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$395,418
Avg. Annual Appreciation
-0.99%
Original Mortgage
$2,500,000
Outstanding Balance
$2,049,558
Interest Rate
3.94%
Mortgage Type
Unknown
Estimated Equity
$2,280,024

Purchase Details

Closed on
Aug 15, 2007
Sold by
Crp/Extell 18Th Street Llc
Bought by
Severn Investments Llc
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
Hall Richard $4,725,000 --
Severn Investments Llc $3,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Richard $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2017 01/12/17 Sold $4,725,000 +472499900.0% $1,435 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $1 -- $0 / 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 $51,688 $398,334 $93,538 $304,796
2024 $51,688 $413,435 $93,538 $319,897
2023 $42,476 $419,707 $93,538 $326,169
2022 $51,458 $420,581 $93,538 $327,043
2021 $51,710 $421,534 $93,538 $327,996
2020 $53,021 $466,875 $93,538 $373,337
2019 $50,452 $456,385 $93,538 $362,847
2017 $46,152 $440,515 $93,538 $346,977
2016 $43,432 $412,308 $93,538 $318,770
2015 $15,647 $341,605 $93,538 $248,067
2014 $15,647 $300,221 $93,539 $206,682
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10082321

Real Estate Board of New York (REBNY)

APN: 0819-1409