NOT LISTED FOR SALE

Estimated Value: $2,217,000 - $3,982,000

3 Beds
2.5 Baths
2,146 Sq Ft
$1,437/mo HOA Fee

Last Sold March 03, 2023

Last sale price $4,000,000 $1,864 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $23,766/month

408 Days on Market

Highlights

  • New Construction
  • Juliet Balcony
  • Garden
  • P.S. 40 Augustus Saint-Gaudens Rated A
  • Patio
  • 3-minute walk to Peter's Field

About This Home

As of March 2023

For a limited time on select units, Sponsor will pay One Year's worth of Real Estate Taxes and Common Charges!

One of a kind, 3 Bedroom, 2.5 Bathroom Duplex Residence with a large patio, large private Garden, and huge Storage Room!

Common Charges & Real Estate Taxes = $4450/month.

The Floor to Ceiling windows with North and South exposures ensure wonderful sunlight, and large French Doors give direct access to the the Garden from the Kitchen and Living Room.

Garden East is a 25' wide, 3 Bedroom, 2.5 duplex with 2146 interior square feet, featuring:

* An 864 Square Feet Private Patio and Garden.

* A Private 533 SF Storage Room larger than some Studio Apartments!

* Custom built California Closets.

* Tankless "On Demand" Hot Water Heaters.

* High Tech electric Toilets imported from Japan.

The Home has 2 large Bathrooms and a Powder Room, as well as a Home Office.

This unique residence is flooded with sunlight, and is pin drop quiet!

The open Chef's Kitchen features natural Quartz Countertops, custom made cabinets by Shinnoki, and a 102 bottle Wine Cooler by Miele.

The Kitchen Refridgerator, Stove, Oven and Speed Oven are by the unrivaled German appliance maker, Miele. The Laundry Closet Washer-Dryer are also Miele. The Kitchen and Bathroom fixtures are by Grohe.

The luxurious Ensuite Master Bathroom walls and floors are clad in Classici di Rex Calcatta Gold in a Matte finish, by the Italian firm Florim. The Master Bathroom features include a Rain Showerhead and Rainshower Body Spray by Grohe, and INAX Sinks manufactured in Japan.

"Green" features include Tankless Hot Water heaters

*(Instant hot water without an energy wasting water tank)*

and, State of the Art Ceramic slabs on Gramercy Gate's exterior surfaces, which produces significant energy savings.

Oversized Windows, North and South Exposures.

3 Bedrooms plus a Home Office.

2.5 Bathrooms.

864 SF Private Patio & Garden.

533 Square Foot private storage room.

Juliet Balcony

In-Unit Meile Washer-Dryer

Virtual Doorman

Bike Room

Resident's Lounge

Gramercy Gates is a Boutique, 11 Unit new development designed with an eye towards privacy, sophistication and sustainability by the cutting-edge Philip Johnson-Alan Ritchie Architects, recognized as one of the most creative and innovative architectural firms for over half a century.

Pet Friendly, near three NYC parks and Dog Runs: Only minutes from Union Square Park, Madison Square Park, and Stuyvesant Square Park! 12 Minute walk to the East 20th Street Ferry and the East River Greenway!

www.gramercygates.com

Unit #1B: Duplex with 3 Bedrooms and 2.5 Bathrooms. This advertisement is made pursuant to Cooperative Policy Statement No. 1, File No. CD19-0109. Sponsor makes no representation as to the continued existence of any of the named establishments or transportation lines located in the neighborhood. Sponsor makes no representation that future construction in the neighborhood surrounding the Condominium will not result in the obstruction of the views from any windows, gardens, and/or terraces. All square footages and dimensions are approximate and subject to normal construction variances and tolerances. All computer and/or artist renderings reflect the planned scale and spirit of the Building. All depictions of personal property or condominium property, including without limitation any interior furniture, equipment, decorations, finishes, fixtures, appliances, furnishings, and the maturity of the growth in the landscaping, are for illustrative purposes only. Some Images are virtual renderings, and not guaranteed to be accurate.Where materials, appliances, equipment, fixtures, and/or other construction or design details are specified herein, Sponsor reserves the right to substitute in each instance one of comparable or better quality as recognized by industry standards for performance, efficiency, longevity, and/or classifications, as applicable, in accordance with the terms of the Offering Plan. Sponsor makes no representations or warranties except as may be set forth in the Offering Plan. The complete offering terms are in an offering plan available from Sponsor. File No. CD19-0109. Sponsor: Gramercy 1860 LLC. 515 Madison Ave. Suite #13C, New York, NY 10022

Last Agent to Sell the Property

Edward Hickey

Compass License #30HI0768431 Listed on: 06/25/2022

Compass

Co-Listed By

Kelly Wang

Compass License #10401280991

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36,144

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 4,922

HOA Fees

  • $1,437 Monthly HOA Fees

Home Design

  • 2,146 Sq Ft Home
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Juliet Balcony
  • Patio

Additional Features

  • Garden
  • Central Air

Community Details

  • Gramercy Park Subdivision
  • 7-Story Property

Listing and Financial Details

  • Legal Lot and Block 15 / 928

Property Details

Home Type

Condominium

Est. Annual Taxes

$36,144

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$1,437 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: North,South
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Gramercy Park
  • Entry Level: 1
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2146.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Garden, Juliet Balcony
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1437.0
  • 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: Yes
  • Total Stories: 7
  • Year Built: 2021

Tax Info

  • Tax Block: 928
  • Tax Lot: 15
  • Tax Annual: 36144.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Mar 3, 2023
Sold by
Gramercy 1860 Llc
Bought by
22Ndst Llc
Seller's Agent
Edward Hickey
Compass
List Price
$4,000,000
Sold Price
$4,000,000
Current Estimated Value
$3,397,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$602,877
Avg. Annual Appreciation
-6.14%
Source: Public Records

Range of Values:

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Average Value
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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
22Ndst Llc $3,850,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $4,000,000 0.0% $1,864 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
10/10/2021 10/10/21 For Sale $4,000,000 -- $1,864 / 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 $50,967 $413,876 $98,457 $315,419
2024 $50,967 $407,670 $98,457 $309,213
2023 $50,246 $401,901 $98,457 $303,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10830979

Real Estate Board of New York (REBNY)

APN: 0928-1802