NOT LISTED FOR SALE

Estimated Value: $586,000 - $625,000

-- Bed
1 Bath
484 Sq Ft
$1,253/Sq Ft Est. Value

Last Sold May 05, 2021

Last sale price $600,000 $1,240 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,053/month

36 Days on Market

Highlights

  • City View
  • Garage
  • South Facing Home
  • River School (The) Rated A
  • Laundry Facilities
  • 3-minute walk to Vincent F Albano Jr Playground

About This Home

As of May 2021

Large open studio in Kips Bay Towers. The apartment is on a high floor facing south. Separate dressing area and abundant closet space throughout. New floors recently installed. 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, community room, laundry room, on site valet with dry cleaning and housekeeping services, 24-hour parking, renovated lobby, and 3+ acre private garden for residents. Playground, and full-size basketball court in the park. Conveniently located steps to Fairway, Trader Joes, Target, M15 across the street, East River ferry, and Citibike stations right outside. Cats are allowed. Sorry, no dogs. There is currently an ongoing capital assessment of $51 per month.

Last Agent to Sell the Property

Joe Peraino

Douglas Elliman Real Estate License #10301209596 Listed on: 01/17/2021

Douglas Elliman Real Estate

Property Details

Home Type

  • Condo-Op

Est. Annual Taxes

  • $5,448

Year Built

  • Built in 1962

HOA Fees

  • $348 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 17th floor

Interior Spaces

  • 1 Full Bathroom
  • 484 Sq Ft Home

Additional Features

  • South Facing Home
  • No Cooling

Listing and Financial Details

  • Tax Block 722

Community Details

Overview

  • 497 Units
  • Kips Bay Towers Condos
  • Kipsbay Subdivision
  • 20-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condo-Op

Est. Annual Taxes

$5,448

Year Built

Built in 1962

Lot Details

0

HOA Fees

$348 per month

Listing Details

  • Cross Street: First & Second Avenues
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: KIPSBAY
  • Entry Level: 17
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Coop
  • Stories: 20

Interior Features

  • Living Area: 484.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 348.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condop
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: KIPS BAY TOWERS
  • Units: 497
  • Total Stories: 20
  • Year Built: 1962

Tax Info

  • Tax Block: 722
  • Tax Annual: 5448.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2021
Closed on
Jun 9, 2021
Sold by
Volpe Realty Llc
Bought by
Guo Michael Zheng and Liu Lisa Yu
Seller's Agent
Joe Peraino
Douglas Elliman Real Estate
List Price
$600,000
Sold Price
$600,000
Current Estimated Value
$606,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,327
Avg. Annual Appreciation
0.23%

Purchase Details

Closed on
Jul 14, 2008
Sold by
Haghighi Babak and Shahrokh Shahrbanoo
Bought by
Volpe Realty Llc

Purchase Details

Closed on
Nov 8, 2002
Sold by
Volpe Realty Llc
Bought by
Haghighi Babak and Shahrokh Shahrbanoo

Purchase Details

Closed on
May 17, 2002
Sold by
Volpe Richard A
Bought by
Volpe Realty Llc

Purchase Details

Closed on
Jun 19, 2001
Sold by
Bond Alice L
Bought by
Volpe Richard A
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
Guo Michael Zheng $575,000 --
Volpe Realty Llc $460,000 --
Haghighi Babak -- --
Volpe Realty Llc -- --
Volpe Richard A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2021 05/05/21 Sold $600,000 0.0% $1,240 / Sq Ft
01/17/2021 01/17/21 For Sale $600,000 -- $1,240 / 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 $6,150 $49,998 $9,616 $40,382
2024 $6,150 $49,196 $9,616 $39,580
2023 $5,988 $48,811 $9,617 $39,194
2022 $5,788 $49,489 $9,617 $39,872
2021 $5,542 $45,181 $9,617 $35,564
2020 $5,547 $50,043 $9,617 $40,426
2019 $5,290 $48,917 $9,617 $39,300
2018 $5,020 $42,914 $9,617 $33,297
2017 $4,895 $45,559 $9,616 $35,943
2016 $4,670 $37,652 $9,617 $28,035
2015 $2,561 $35,301 $9,617 $25,684
2014 $2,561 $35,245 $9,616 $25,629
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10692766

Real Estate Board of New York (REBNY)

APN: 0936-2219