NOT LISTED FOR SALE

Estimated Value: $6,575,119

4 Beds
4 Baths
-- Sq Ft
1,263 Sq Ft Lot

Last Sold January 23, 2017

Last sale price $6,800,000

Est. 3% decrease in value since last sale

Current estimated payment $38,498/month

699 Days on Market

About This Home

As of January 2017

Right off the Bowery: Designed by acclaimed architect David Piscuskas of 1100 Architects in 2005, this fabulous building offers endless possibilities and flexible use. The house is located on a favorite tree- lined East Village block next door to John Derian's shops and a few seconds from The Bowery Hotel and the New Museum. Built on 7 levels, the building was designed as 2 duplex apartments: each with 2 bedrooms, dramatic double height rooms and wood burning fireplaces, in addition there is an artist's studio with its own terrace, and an excellent gallery space with large storefront windows. On top there is a south facing roof top terrace with classic Village views. Exposed beams and wide plank floors are found throughout, and fantastic bathrooms and kitchens with exquisite Moroccan tile as well.

The house is in excellent condition with reinforced beams and central air conditioning and will be delivered vacant. At 5926 square feet, with additional FAR, this is a unique opportunity to own one of the most exceptional buildings in the breakout gallery neighborhood that challenges Chelsea. The surrounding area is also home to brilliant leading fashion houses, restaurants, and galleries and cultural centers.

Last Agent to Sell the Property

Steve Halprin

Douglas Elliman Real Estate License #30HA0868970 Listed on: 01/23/2015

Douglas Elliman Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,443

Lot Details

  • 1,263

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Block 458

Community Details

Overview

  • 4 Units
  • Eastvill Subdivision
  • 5-Story Property

Building Details

  • Water Sewer Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,443

Lot Details

0

Listing Details

  • Cross Street: Second & Third Avenues
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: EASTVILL
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Living Area Units: Square Feet
  • Rooms (Total): 11

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 4

Exterior Features

  • Patio/Porch Features: Rooftop

Utilities

  • Heating: Building Natural Gas

Fee Information

  • Annual Water Sewer Expense: 2400.0

Building Info

  • Units: 4
  • Total Stories: 5

Tax Info

  • Tax Block: 458

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2015
Closed on
Jan 23, 2017
Sold by
Tesseres Petres Llc
Bought by
4 East 2Nd Street Llc
Seller's Agent
Steve Halprin
Douglas Elliman Real Estate
List Price
$8,300,000
Sold Price
$6,800,000
Premium/Discount to List
-$1,500,000
-18.07%
Current Estimated Value
$6,575,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$224,881
Avg. Annual Appreciation
-0.30%

Purchase Details

Closed on
Feb 3, 2005
Sold by
Vasquez Richard
Bought by
Tesseres Petres Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,320,000
Interest Rate
5.78%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
4 East 2Nd Street Llc $6,800,000 --
4 East 2Nd Street Llc $6,800,000 --
Tesseres Petres Llc $2,900,000 --
Tesseres Petres Llc $2,900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tesseres Petres Llc $2,320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2017 01/23/17 Sold $6,800,000 -18.1% --
12/24/2016 12/24/16 Pending -- -- --
01/24/2015 01/24/15 For Sale $8,300,000 -- --
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
2024 $22,443 $111,738 $336,600 $42,212
2023 $22,266 $109,636 $59,796 $49,840
2022 $20,648 $573,300 $336,600 $236,700
2021 $20,535 $556,320 $336,600 $219,720
2020 $19,710 $479,280 $336,600 $142,680
2019 $19,479 $430,860 $336,600 $94,260
2018 $18,624 $91,363 $62,943 $28,420
2017 $17,570 $86,192 $62,448 $23,744
2016 $16,255 $81,314 $59,013 $22,301
2015 $9,807 $77,596 $47,868 $29,728
2014 $9,807 $77,596 $48,606 $28,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10101125

Real Estate Board of New York (REBNY)

APN: 0458-0047