$1,615,000
SOLD JUL 22, 2025
2 Beds
2 Baths
-- Sq Ft
$1,058/mo HOA Fee

Recently Sold

2% Below List Price

45 Days on Market

Highlights

  • City View
  • Elevator
  • High-Rise Condominium
  • River School (The) Rated A
  • North Facing Home
  • 3-minute walk to Vincent F Albano Jr Playground

About This Home

As of July 2025

Prepare to Be Wowed!

This meticulously gut-renovated home at the highly sought after Kips Bay Towers Condominium is a true standout, offering a level of design and craftsmanship rarely seen on the market. Unlike any other apartment in the building, this designer level residence blends luxury, functionality, and impeccable attention to detail.. The condo features a state of the art, open kitchen with a 9-foot island that has both under counter cabinetry and built in outlets. The kitchen has custom wrapped around wooden cabinetry, tile backsplash, quartz countertops and features luxury appliances including a built in wine fridge. This kitchen has more storage than even the most discerning chef could need.
The bright, sunny and spacious living room overlooks the condominium's three acre private park, offering serenity, greenery, and quiet! There are treetop views from the window seats with hidden built-in storage. Another great feature of this living space is the added lighting system with beautiful kitchen pendants and high-end track lighting. Both bedrooms are spacious in size with the guest bedroom currently set up with two beds. The primary bedroom, which is large enough for any bed size plus a workspace, has added an extra closet and built in drawers eliminating the need for any bulky furniture. There have also been added soffits to ensure you have proper lighting for when the sun goes down. The bathrooms have both been fully renovated. Additional features include all new hardwood oak plank flooring throughout, electronic shades in every room, and customized closets.

Kips Bay Towers Condominium was designed by World famous architect I.M. Pei. Known for its tight knit community, the building amenities include a 24/7 door staff, and concierge service, a beautiful recently renovated lobby, state of the art fitness center, recreation room with a children's play area and televisions, 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 playground all of which are exclusive to building residents. Sorry, no dogs permitted. There is a current capital assessment of $367.36.

Last Agent to Sell the Property

Joseph Somerstein

Brown Harris Stevens Residential Sales LLC License #10401276399 Listed on: 03/24/2025

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,051

Year Built

  • Built in 1961

HOA Fees

  • $1,058 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • North Facing Home
  • No Cooling

Listing and Financial Details

  • Tax Block 00936

Community Details

Overview

  • 1,118 Units
  • High-Rise Condominium
  • Kips Bay Towers Condos
  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,051

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,058 per month

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 4
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Fireplace: No
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: City, Park/Greenbelt
  • View: Yes
  • Exterior Features: None, Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other
  • Green Building Features: Elevator(s)
  • Cooling: Other
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1058.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: KIPS BAY TOWERS
  • Units: 1118
  • Total Stories: 21
  • Year Built: 1961

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00936
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2025
Closed on
Jul 21, 2025
Sold by
Curtis Richard and Kurland David B
Bought by
Cheng Ting-Fang and Lam Justin Chi
Seller's Agent
Joseph Somerstein
Brown Harris Stevens Residential Sales LLC
List Price
$1,650,000
Sold Price
$1,615,000
Premium/Discount to List
-$35,000
-2.12%
Views
25
Current Estimated Value
$1,588,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,771
Avg. Annual Appreciation
-4.54%

Purchase Details

Listed on
Oct 9, 2021
Closed on
Feb 9, 2022
Sold by
Kirkman As Trustee Naomi and Louis Avidon Revocable Trust
Bought by
Curtis Richard and Kurland David B
Seller's Agent
Cynthia Crowley
Olshan Realty Inc
Sold Price
$1,262,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$750,000
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 1997
Sold by
Avidon Louise
Bought by
Avidon Louise and Louise Avidon Revocable Trust

Purchase Details

Closed on
Apr 11, 1995
Sold by
Karpinos Robert and Karpinos Deborah
Bought by
Avidon Louise
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 Type Sale Price Title Company
Deed $1,615,000 --
Deed $1,262,500 --
Deed $1,262,500 --
Interfamily Deed Transfer -- Chicago Title Insurance Co
Interfamily Deed Transfer -- Chicago Title Insurance Co
Deed $317,000 --
Deed $317,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2025 07/22/25 Sold $1,615,000 -2.1% --
05/08/2025 05/08/25 Pending -- -- --
03/24/2025 03/24/25 For Sale $1,650,000 +30.7% --
02/09/2022 02/09/22 Sold $1,262,500 0.0% $1,108 / Sq Ft View Prior Sale
01/20/2022 01/20/22 Off Market $1,262,500 -- --
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 $16,051 $130,481 $25,094 $105,387
2024 $16,051 $128,389 $25,095 $103,294
2023 $15,626 $127,383 $25,095 $102,288
2022 $12,462 $129,148 $25,096 $104,052
2021 $14,162 $117,907 $25,096 $92,811
2020 $11,702 $130,593 $25,096 $105,497
2019 $13,512 $127,656 $25,096 $102,560
2018 $12,806 $111,990 $25,095 $86,895
2017 $12,557 $118,894 $25,096 $93,798
2016 $11,886 $98,259 $25,096 $73,163
2015 $6,504 $92,123 $25,096 $67,027
2014 $6,504 $91,979 $25,096 $66,883
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20011379

Real Estate Board of New York (REBNY)

APN: 0936-2046