NOT LISTED FOR SALE

Estimated Value: $3,918,000 - $5,832,785

5 Beds
0.5 Bath
2,800 Sq Ft
$1,768/Sq Ft Est. Value

Last Sold June 16, 2018

Last sale price $5,100,000 $1,821 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $30,810/month

367 Days on Market

Highlights

  • No HOA
  • Community Garden
  • Laundry Facilities
  • P.S. 183 - Robert L. Stevenson Rated A
  • Garden
  • 2-minute walk to St. Catherine's Park

About This Home

As of June 2018

Possibilities abound in this 17' wide four-story townhouse located on a beautiful residential block on the south side of East 69th Street between 1st and 2nd Ave. The property has been meticulously renovated top to bottom and is split into an owner's 4 bedroom, 2.5 bath triplex above a floor through garden level 1 bedroom, 1 bath apartment and includes a large south facing fully landscaped garden. The tenant is on a month to month basis, presenting purchasers the flexibility of easily converting the house to a single family or preserving the investment income from the rental. In addition a purchaser has the ability to increase the size and value of the house with available FAR. The modern renovation includes a parlor level open living concept with an eat-in chef's kitchen featuring top of the line appliances, sleek cabinets and white stone counter-tops. The top two floors encompass 4 ample sized bedrooms, new modern bathrooms, a laundry room and 2 walk-in closets. Additional highlights include central air throughout, a new security system with video and alarm, new plumbing, electrical, gas heating and oak hardwood floors throughout. Situated on a prime Lenox Hill block, the house is steps from the newly opened 2nd Avenue subway as well as an array of restaurants, shopping, parks and all the Upper East Side has to offer.

Last Agent to Sell the Property

Andrew Borland

Sothebys International Realty License #10401264354 Listed on: 05/15/2017

Sothebys International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $53,533

Year Built

  • Built in 1899

Lot Details

  • 1,289 Sq Ft Lot
  • Garden

Interior Spaces

  • 2,800 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 0.5 Bathroom

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lenox Hill Subdivision

Amenities

  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$53,533

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Lenox Hill
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2800.0
  • Living Area Units: Square Feet
  • Rooms (Total): 9

Beds/Baths

  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Building Garden, Garden

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Area: 1289.0

Building Info

  • New Construction: No
  • Units: 2
  • Total Stories: 3
  • Year Built: 1899

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2017
Closed on
Jan 12, 2018
Sold by
Josse Jeremy Marc and Josse Muriel Rebecca
Bought by
Chelsea Close Inc
Seller's Agent
Andrew Borland
Sothebys International Realty
List Price
$5,950,000
Sold Price
$5,100,000
Premium/Discount to List
-$850,000
-14.29%
Current Estimated Value
$4,950,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,804
Avg. Annual Appreciation
-0.38%

Purchase Details

Closed on
Nov 22, 2011
Sold by
King As Trustee Linda and King As Trustee Robert
Bought by
Josse Jeremy Marc and Josse Muriel Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2006
Sold by
King Linda and King Robert
Bought by
Robert & Linda King Living Trust Dated 0

Purchase Details

Closed on
Sep 26, 2000
Sold by
King Robert
Bought by
King Robert and King Linda G
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
Chelsea Close Inc $5,100,000 --
Chelsea Close Inc $5,100,000 --
Josse Jeremy Marc $3,425,000 --
Josse Jeremy Marc $3,425,000 --
Robert & Linda King Living Trust Dated 0 -- --
Robert & Linda King Living Trust Dated 0 -- --
King Robert -- --
King Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Josse Jeremy Marc $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2018 06/16/18 Sold $5,100,000 -14.3% $1,821 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
05/15/2017 05/15/17 For Sale $5,950,000 -- $2,125 / 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 $53,533 $266,531 $139,724 $126,807
2024 $53,533 $266,531 $146,040 $136,991
2023 $53,192 $261,915 $106,410 $155,505
2022 $48,679 $356,100 $146,040 $210,060
2021 $48,654 $382,680 $146,040 $236,640
2020 $46,408 $381,120 $146,040 $235,080
2019 $45,864 $340,320 $146,040 $194,280
2018 $43,909 $215,399 $94,363 $121,036
2017 $41,424 $203,207 $104,967 $98,240
2016 $38,514 $192,657 $99,412 $93,245
2015 $21,208 $182,705 $141,447 $41,258
2014 $21,208 $182,705 $120,247 $62,458
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10486162

Real Estate Board of New York (REBNY)

APN: 1443-0041