NOT LISTED FOR SALE

Estimated Value: $621,322

-- Bed
1 Bath
480 Sq Ft
1961 Built

Last Sold August 11, 2022

Last sale price $595,000 $1,240 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,749/month

Highlights

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

About This Home

As of August 2022

Sorry no pets allowed. Broker fee and condo fees apply. Available Immediately.

Extra-large alcove studio at renowned I.M. Pei designed Kips Bay Towers. This 5th floor apartment sits 8 stories above street level and is set back 150 ft from the street allowing great open streetscape and city views. This home features huge wall-to-wall windows providing great light all day, a large living area, a dining or home office area, a separate kitchen with dishwasher, built-in heating and cooling, and lots of closet space.

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 ($300 per year membership fee), community room, laundry room, on site valet with dry cleaning and housekeeping services, attached underground 24-hour parking, beautifully renovated lobby, and a 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 Rent the Property

Jason Lee

Compass License #10401216147 Listed on: 08/10/2022

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,730

Year Built

  • Built in 1961

Parking

  • Garage

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1 Full Bathroom
  • 480 Sq Ft Home

Listing and Financial Details

  • Property Available on 8/10/22
  • The owner pays for all utilities
  • Legal Lot and Block 7501 / 936

Community Details

Overview

  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Community Garden
  • Courtyard
  • Laundry Facilities

Condo Details

Home Type

Condominium

Est. Annual Taxes

$5,730

Year Built

Built in 1961

Lot Details

0

Rental Info

  • Owner Pays: All Utilities
  • Available Date: 2022-08-10

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Kips Bay
  • Entry Level: 5
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Living Area: 480.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

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 Interest: Condominium

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2022
Closed on
Aug 2, 2022
Sold by
J & A Holding Co Llc
Bought by
Serrano Gomez Llc
Seller's Agent
Jason Lee
Compass
Sold Price
$3,000
Views
3
Current Estimated Value
$621,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$618,322
Avg. Annual Appreciation
1.32%

Purchase Details

Closed on
Aug 16, 2002
Sold by
Murphy Brian
Bought by
J & A Holding Co Llc and J & A Holding Co Of Pa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1997
Sold by
Liu David P and Liu Chieh Hsin
Bought by
Murphy Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
7.46%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Serrano Gomez Llc $595,000 --
J & A Holding Co Llc -- --
Murphy Brian $124,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner J & A Holding Co Llc $180,000
Previous Owner Murphy Brian $99,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2022 08/23/22 Rented $3,000 0.0% --
08/11/2022 08/11/22 Sold $595,000 0.0% $1,232 / Sq Ft View Prior Sale
08/11/2022 08/11/22 For Rent $3,000 0.0% --
05/20/2022 05/20/22 For Sale $595,000 -- $1,232 / 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 $5,730 $46,578 $8,958 $37,620
2024 $5,730 $45,829 $8,958 $36,871
2023 $5,578 $45,472 $8,959 $36,513
2022 $5,392 $46,103 $8,959 $37,144
2021 $5,163 $42,090 $8,959 $33,131
2020 $5,167 $46,619 $8,959 $37,660
2019 $4,927 $45,571 $8,959 $36,612
2018 $4,676 $39,978 $8,959 $31,019
2017 $4,560 $42,443 $8,959 $33,484
2016 $4,351 $35,076 $8,958 $26,118
2015 $2,386 $32,886 $8,959 $23,927
2014 $2,386 $32,834 $8,958 $23,876
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10791403

Real Estate Board of New York (REBNY)

APN: 0936-4062