NOT LISTED FOR SALE

Estimated Value: $1,201,000 - $1,397,000

2 Beds
2 Baths
1,161 Sq Ft
$1,034/mo HOA Fee

Last Sold March 02, 2023

Last sale price $1,450,000 $1,249 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $9,778/month

134 Days on Market

Highlights

  • City View
  • Community Garden
  • Garage
  • River School (The) Rated A
  • Entrance Foyer
  • 4-minute walk to Vincent F Albano Jr Playground

About This Home

As of March 2023

Spacious high floor 2 bedroom 2 bath condo at I.M. Pei's Kips Bay Towers condominium. This home faces south and the condo's private garden making it the most desirable 2 bed line in the complex. Pin drop quiet. Featuring wall-to-wall windows with open south facing views stretching all the way to the Freedom Tower and overlooking the lush garden below. Great direct sunlight all day long. Generously proportioned rooms with new hardwood plank flooring throughout, and custom cherry wood built-ins providing abundant storage. The enormous combined living and dining area is open to the kitchen which is complete with granite countertops, large breakfast bar, and stainless steel appliances including dishwasher and microwave. Both bedrooms are king-sized also with garden views. Both bathrooms have new vanities. One is lined in marble and the other has a glass enclosed shower. There are seven large closets, and each room has built-in air conditioning. All this, plus amazingly low common charges and taxes. Gas is included. There is currently an ongoing capital assessment of $219 per month.

Kips Bay Towers is a full service condominium with many amenities including 24-hour concierge and doorman, live-in resident manager, live-in super, full staff of handymen and porters, on-site management office, newly renovated lobby, state of the art fitness center, bike room, storage and trunk rooms, community room, laundry room, on site valet with dry cleaning and housekeeping services, attached underground 24-hour parking, beautifully renovated lobby, and of course the magnificent 3+ acre private garden for residents (the largest in Manhattan!). The one of a kind garden is like having your own backyard. It features a landscaped lawn, areas for picnicking, lounging, herb garden, sports, ping pong tables, playground, and full-size basketball court. Conveniently located steps to Fairway, Trader Joes, Target, restaurants and shops, 6 train just three blocks west, M15 across the street, East River ferry, and two Citibike stations just outside.

Last Agent to Sell the Property

Jason Lee

Compass License #10401216147 Listed on: 09/16/2022

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,344

Year Built

  • Built in 1961

Lot Details

  • South Facing Home

HOA Fees

  • $1,034 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 1,161 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 7501 / 936

Community Details

Overview

  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Community Garden
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,344

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,034 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 16
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Entrance Foyer
  • Living Area: 1161.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Courtyard, Building Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1034.0
  • 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: No
  • Total Stories: 21
  • Year Built: 1961

Tax Info

  • Tax Block: 936
  • Tax Lot: 7501
  • Tax Annual: 13344.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Feb 27, 2023
Sold by
Khan Mohammed Aslam and Pfefferblit Susanna
Bought by
Hernandez Ivy Lynn
Seller's Agent
Jason Lee
Compass
List Price
$1,450,000
Sold Price
$1,450,000
Views
13
Current Estimated Value
$1,317,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$132,293
Avg. Annual Appreciation
-4.02%

Purchase Details

Closed on
Nov 29, 2001
Sold by
Gowl Colleen Butler
Bought by
Pfefferblit Susanna and Khan Mohammed Aslam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.72%
Source: Public Records

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Range of Values:

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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
Hernandez Ivy Lynn $1,425,000 --
Pfefferblit Susanna -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khan Mohammed $200,000
Previous Owner Khan Mohammed Aslam $7,640
Previous Owner Pfefferblit Susanna $75,000
Previous Owner Pfefferblit Susanna $600,000
Previous Owner Gowl Colleen Butler $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2023 03/02/23 Sold $1,450,000 0.0% $1,249 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
11/21/2022 11/21/22 For Sale $1,450,000 0.0% $1,249 / Sq Ft
11/21/2022 11/21/22 Off Market $1,450,000 -- --
11/15/2022 11/15/22 Price Changed $1,450,000 -3.0% $1,249 / Sq Ft
10/14/2022 10/14/22 Price Changed $1,495,000 -3.5% $1,288 / Sq Ft
09/16/2022 09/16/22 For Sale $1,550,000 -- $1,335 / 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
2024 $17,189 $137,493 $26,874 $110,619
2023 $13,806 $136,419 $26,875 $109,544
2022 $13,346 $138,308 $26,876 $111,432
2021 $15,490 $126,270 $26,876 $99,394
2020 $12,685 $139,856 $26,876 $112,980
2019 $12,197 $136,711 $26,876 $109,835
2018 $14,031 $119,934 $26,876 $93,058
2017 $13,682 $127,328 $26,876 $100,452
2016 $13,055 $105,228 $26,875 $78,353
2015 $6,978 $98,657 $26,876 $71,781
2014 $6,978 $98,503 $26,876 $71,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10834866

Real Estate Board of New York (REBNY)

APN: 0936-4199