NOT LISTED FOR SALE

Estimated Value: $564,000 - $1,102,000

1 Bed
1 Bath
748 Sq Ft
$691/mo HOA Fee

Last Sold October 31, 2024

Last sale price $820,000 $1,096 Per Sq Ft

Current estimated payment $5,856/month

54 Days on Market

Highlights

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

About This Home

As of October 2024

This oversized, bright, move-in ready one-bedroom enjoys stunning tree-top views of the building's private 3-acre courtyard. Enjoy the added benefit of low common charges and taxes, all in a full-service condominium building.

Floor-to-ceiling picture windows maximize natural light throughout. This home also boasts an updated kitchen with stainless steel GE appliances, which opens seamlessly to the living and separate dining area. The spacious bedroom easily accommodates a King-size bed, complemented by ample closet space. Entertain effortlessly in the 21' wide living room. Additional features include newly refinished hardwood floors.

Kips Bay Towers Condominium is a magnificent project originally designed by the renowned I.M. Pei. It offers full-service amenities in the heart of Kips Bay, including a 24-hour concierge and doorman, live-in resident manager and super, on-site parking, and access to a 3-acre private courtyard with landscaped lawns and gardens, playgrounds, basketball and pickle ball courts. Residents also benefit from a fitness room, bike room, common storage, community room, and on-site valet and dry-cleaning services.

Enjoy close proximity to Fairway, Trader Joe's, and Target, along with a variety of restaurants, shops, and bars. Convenient transportation options include the 6 train, East River ferry, FDR Drive, multiple bus routes and Citi bike stations. NYU hospital is right next door as well.

The building is in the process of renovating common area hallways and completing LL11 work. Please note: There is a monthly capital assessment of $245 and real estate taxes advertised may be reduced by 17.5% if this will be used as your primary residence. Sorry, no pets allowed.

Last Agent to Sell the Property

Scott Harris

MAGNETIC License #30HA0973548 Listed on: 06/20/2024

MAGNETIC

Co-Listed By

Jonathan Goldstein

Compass License #10401357475

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,402

Year Built

  • Built in 1961

HOA Fees

  • $691 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 748 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

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

$10,402

Year Built

Built in 1961

Lot Details

0

HOA Fees

$691 per month

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 7
  • Structure Type: High Rise
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 748.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: City Lights, City, Panoramic
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 691.0
  • 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
Jun 20, 2024
Closed on
Oct 31, 2024
Sold by
Carol Ozgen Co-Trustee and Marlene Zurack Co-Trustee
Bought by
Ma Yina and Zhu Jiang
Seller's Agent
Scott Harris
MAGNETIC
List Price
$875,000
Sold Price
$820,000
Premium/Discount to List
-$55,000
-6.29%
Views
44
Current Estimated Value
$816,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,796
Avg. Annual Appreciation
-0.43%
Original Mortgage
$615,000
Outstanding Balance
$608,248
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$207,956

Purchase Details

Closed on
Jun 10, 2016
Sold by
Executor and Estate Of Aliza Gebiner
Bought by
Carol Ozgen Trustee and Marlene Zurack Trustee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ma Yina $820,000 --
Carol Ozgen Trustee -- --
Carol Ozgen Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ma Yina $615,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2024 10/31/24 Sold $820,000 -0.6% $1,096 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $825,000 -5.7% $1,103 / Sq Ft
06/20/2024 06/20/24 For Sale $875,000 -- $1,170 / 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 $10,402 $86,920 $16,717 $70,203
2024 $10,402 $85,525 $16,717 $68,808
2023 $10,125 $84,855 $16,717 $68,138
2022 $9,771 $86,032 $16,718 $69,314
2021 $9,333 $78,544 $16,718 $61,826
2020 $9,268 $86,995 $16,718 $70,277
2019 $8,902 $85,039 $16,718 $68,321
2016 $7,816 $65,455 $16,717 $48,738
2015 $4,273 $61,368 $16,718 $44,650
2014 $4,273 $61,272 $16,718 $44,554
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10996068

Real Estate Board of New York (REBNY)

APN: 0936-2086