NOT LISTED FOR SALE

Estimated Value: $1,782,000 - $2,015,000

2 Beds
2 Baths
1,345 Sq Ft
$685/mo HOA Fee

Last Sold June 04, 2024

Last sale price $1,800,000 $1,338 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $12,913/month

63 Days on Market

Highlights

  • New Construction
  • City View
  • Balcony
  • P.S. 40 Augustus Saint-Gaudens Rated A
  • Bike Room
  • 3-minute walk to Peter's Field

About This Home

As of June 2024

Residence 3B is a gracious 1,345 square foot, two-bedroom, two-bathroom home with ample natural light and views of the historical tree-lined Gramercy Park streets. Complemented by oak flooring throughout, oversized windows with both southern and northern exposures, a generous balcony, and an open concept living space, this immaculate residence seamlessly blends elegance with functionality.

The entry foyer opens to an expansive great room and kitchen featuring a custom designed chef's kitchen with quartz countertops and fully equipped with state-of-the-art Miele appliances. The primary suite features a large walk-in closet and a luxurious, spa-like en-suite bathroom. The secondary bedroom is well-proportioned with excellent closet space.
This spectacular residence is rounded out with an in-residence laundry closet equipped with a Miele washer and dryer set.

Welcome to Gramercy Gates, a new boutique condominium nestled in the vibrant Gramercy neighborhood. A collection of 11 two to three-bedroom residences where sophistication and luxury living blend seamlessly. Each residence thoughtfully designed by PJAR Architects boasts top-of-the-line finishes and fixtures, carefully curated to elevate your living experience. From the open concept living spaces, generous balconies, floor-to-ceiling windows, oak flooring and spa-inspired bathrooms, every detail proves timeless elegance.

Building amenities include an elegant lobby, residents' lounge, club room, and bicycle storage. Ideally located in the prime Gramercy neighborhood with tree-lined streets, surrounded by historical landmarks, top NYC restaurants and boutiques.

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

Natalia Kashirina

Douglas Elliman Real Estate License #10401376708 Listed on: 03/20/2024

Douglas Elliman Real Estate

Co-Listed By

Alicia Dong

Douglas Elliman Real Estate License #10401263368

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,348

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 4,922

HOA Fees

  • $685 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,345 Sq Ft Home
  • City Views
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Additional Features

  • Balcony
  • Zoned Cooling

Listing and Financial Details

  • Legal Lot and Block 7506 / 00928

Community Details

Overview

  • 11 Units
  • High-Rise Condominium
  • The Gramercy Gates Condos
  • Gramercy Subdivision
  • 7-Story Property

Amenities

  • Bike Room

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,348

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$685 per month

Listing Details

  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Gramercy
  • Entry Level: 3
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • Pets No Pets Comments: N/A,Building Pets Allowed Comments:N/A
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Fireplace: No
  • Living Area: 1345.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Basement: Yes
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Balcony
  • Patio/Porch Features: None, Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Bike Storage, Elevator(s), Green Building
  • Cooling: Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 685.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: THE GRAMERCY GATES
  • Units: 11
  • Total Stories: 7
  • Year Built: 2021

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00928
  • Tax Lot: 7506

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Jul 22, 2024
Sold by
Gramercy 1860 Llc
Bought by
Fallon Caroline and Foley Colin
Seller's Agent
Natalia Kashirina
Douglas Elliman Real Estate
List Price
$1
Sold Price
$1,800,000
Premium/Discount to List
$1,799,999
179999900%
Views
17
Current Estimated Value
$1,915,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,984
Avg. Annual Appreciation
4.84%
Original Mortgage
$1,440,000
Outstanding Balance
$1,422,401
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$493,583
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
Fallon Caroline $1,800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fallon Caroline $1,440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2024 06/05/24 Price Changed $1,800,000 0.0% $1,338 / Sq Ft
06/04/2024 06/04/24 Sold $1,800,000 +179999900.0% $1,338 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
03/20/2024 03/20/24 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 $24,348 $197,717 $47,035 $150,682
2024 $24,348 $194,753 $47,035 $147,718
2023 $24,003 $191,997 $47,035 $144,962
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10965390

Real Estate Board of New York (REBNY)

APN: 0928-1804