NOT LISTED FOR SALE

Estimated Value: $1,749,000 - $2,665,000

2 Beds
2 Baths
1,345 Sq Ft
$686/mo HOA Fee

Last Sold March 09, 2023

Last sale price $2,658,000 $1,976 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $14,068/month

1 Day on Market

Highlights

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

About This Home

As of March 2023

Unit 5B is a 25' wide floor through home with 2 bedrooms, 2 bathrooms and 1326 interior square feet. Features include floor-to-ceiling windows, northern and southern exposures and a Juliet balcony.

The open chef's kitchen boasts natural quartz countertops and cabinets by Shinoki. The kitchen appliances and washer-dryer are Miele, the unrivaled German appliance maker, and the kitchen and bathroom fixtures are all by Grohe.

The luxurious ensuite primary bathroom walls and floors are clad with large matte-finished slabs by Florim of Italy. Primary bathroom features include a rain showerhead and rainshower body spray by Grohe, and INAX sinks manufactured in Japan.

Introducing The Gramercy Gates, a new boutique condominium designed by Philip Johnson-Alan Ritchie Architects, perfectly situated steps from the Flatiron, Nomad, East Village, Greenwich Village and Chelsea neighborhoods! Showings commence soon!

Gramercy Gates was designed with an eye towards privacy, sophistication and sustainability by 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, and just minutes from Union Square Park, Madison Square Park, Stuyvesant Square Park, the East 20th Street Ferry and the East River Greenway.

For more information, please visit www.gramercygates.com

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. 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: 10/09/2021

Compass

Co-Listed By

Kelly Wang

Compass License #10401280991

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,268

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 4,922

HOA Fees

  • $686 Monthly HOA Fees

Home Design

  • 1,345 Sq Ft Home
  • Entry on the 5th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Juliet Balcony
  • 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

$17,268

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$686 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Gramercy Park
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1345.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • Exterior Features: Juliet Balcony

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: 686.0
  • 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: 17268.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2021
Closed on
Mar 8, 2023
Sold by
Gramercy 1860 Llc
Bought by
Sierra Rutherford Ny Llc
Seller's Agent
Edward Hickey
Compass
List Price
$2,888,400
Sold Price
$2,658,000
Premium/Discount to List
-$230,400
-7.98%
Current Estimated Value
$2,132,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$525,116
Avg. Annual Appreciation
-8.18%
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
Sierra Rutherford Ny Llc $2,682,465 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2023 03/09/23 Sold $2,658,000 -8.0% $1,976 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $2,888,400 +8.7% $2,148 / Sq Ft
11/16/2021 11/16/21 Off Market $2,658,000 -- --
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 $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: RLS10834802

Real Estate Board of New York (REBNY)

APN: 0928-1808