NOT LISTED FOR SALE

Estimated Value: $765,000 - $870,000

1 Bed
1 Bath
750 Sq Ft
$646/mo HOA Fee

Last Sold April 04, 2023

Last sale price $860,000 $1,147 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,773/month

102 Days on Market

Highlights

  • Garage
  • North Facing Home
  • 3-minute walk to Vincent F Albano Jr Playground
  • River School (The) Rated A

About This Home

As of April 2023

Sponsor Unit! No Board Approval!

Brand new renovation to this second-floor home with treelined views of the buildings expansive and private park. This one bedroom condo is pin-drop quiet and has just undergone a complete renovation with white oak floors throughout. This spacious home has a wonderful feel to it with floor to ceiling windows and a flexible layout. The entry foyer lends itself well for a home office with abundant storage and the living space can easily accommodate both living and dining. The bedroom is king in size and has a continued beautiful view of the park. The kitchen is complete with quartz counter tops, a beveled back splash, acrylic push to open cabinets and never before used Frigidaire appliances. The bathroom has been renovated with subway wall tile, a freshly glazed tub and a new medicine cabinet with excellent storage space.

Kips Bay Towers Condominium was designed by World famous architect I.M. Pei. The building amenities include a 24/7 doorman with concierge service, a recently renovated lobby, state of the art fitness center, laundry room with on-site valet and dry cleaning service, bike room, storage and trunk rooms. Best of all the building is host to one of New York City's largest private parks, at three acres this is one of the most coveted amenities in all of NYC. The park includes many seating areas, a full basketball court and a children's playground all of which is exclusive to building residents. Sorry, no dogs permitted.

There is a current assessment of $131.02 a month. Please note the taxes listed are before any potential abatement

Last Agent to Sell the Property

Joseph Somerstein

Brown Harris Stevens Residential Sales LLC License #10401276399 Listed on: 10/19/2022

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,648

Year Built

  • Built in 1963

Lot Details

  • North Facing Home

HOA Fees

  • $646 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 750 Sq Ft Home
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

  • 281 Units
  • Kips Bay Towers Condos
  • Murray Hill Kips Bay Subdivision
  • 20-Story Property

Listing and Financial Details

  • Tax Block 00936

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,648

Year Built

Built in 1963

Lot Details

0

HOA Fees

$646 per month

Listing Details

  • Cross Street: 2nd Ave/1st Ave
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Murray Hill Kips Bay
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 20

Interior Features

  • Living Area: 750.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 646.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: KIPS BAY TOWERS
  • Units: 281
  • Total Stories: 20
  • Year Built: 1963

Tax Info

  • Tax Block: 00936
  • Tax Annual: 9648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Apr 4, 2023
Sold by
Jober Bh Eastside Condo Llc
Bought by
Hussein Ikram
Seller's Agent
Joseph Somerstein
Brown Harris Stevens Residential Sales LLC
List Price
$895,000
Sold Price
$860,000
Premium/Discount to List
-$35,000
-3.91%
Views
44
Current Estimated Value
$811,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,482
Avg. Annual Appreciation
-2.16%
Original Mortgage
$680,000
Outstanding Balance
$660,753
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$150,765

Purchase Details

Closed on
Feb 17, 2022
Sold by
Kips Bay Llc
Bought by
Tremada Bh Eastside Condo Llc
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
Hussein Ikram $860,000 --
Tremada Bh Eastside Condo Llc $19,350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hussein Ikram $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2023 04/04/23 Sold $860,000 +1.2% $1,147 / Sq Ft
04/02/2023 04/02/23 Off Market $850,000 -- --
01/30/2023 01/30/23 Pending -- -- --
12/05/2022 12/05/22 Price Changed $850,000 -5.0% $1,133 / Sq Ft
10/19/2022 10/19/22 For Sale $895,000 -- $1,193 / 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 $10,247 $83,298 $16,020 $67,278
2024 $10,247 $81,961 $16,020 $65,941
2023 $9,976 $81,321 $16,021 $65,300
2022 $9,643 $82,447 $16,021 $66,426
2021 $9,233 $75,271 $16,021 $59,250
2020 $9,241 $83,370 $16,021 $67,349
2019 $8,813 $81,495 $16,021 $65,474
2018 $8,364 $71,494 $16,021 $55,473
2017 $8,156 $75,902 $16,021 $59,881
2016 $7,782 $62,728 $16,021 $46,707
2015 $5,175 $58,811 $16,021 $42,790
2014 $5,175 $58,719 $16,021 $42,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10880483

Real Estate Board of New York (REBNY)

APN: 0936-1014