NOT LISTED FOR SALE

Estimated Value: $5,228,000 - $8,905,000

3 Beds
3.5 Baths
3,131 Sq Ft
4,661 Sq Ft Lot

Sale Details

Date Sold: November 30, 2021

Last sale price $8,750,000 $2,795 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $47,135 / mo

166 Days on Market

Highlights

  • Pre War Building
  • East Side Elementary School, P.S. 267 Rated A
  • Balcony

About This Home

As of November 2021

Extraordinary features come together in this sun-filled, luxury full-floor 6-room condominium with private keyed elevator entry on the Upper East Side?s ?Gold Coast?. This stunning 3-bedroom, 3.5-bathroom home is grand and gracious, originally designed by world renowned architect team sparing no detail, luxury or comfort throughout. Grand windows draw in lovely natural light from both northern and southern exposures and enjoys tree-lined block views from the nearly 45? formal entertaining expanse. Two bedrooms feature sun-filled, south-facing Juliet balconies. The impressive scale of the home is enhanced by nearly 11? ceilings, massive windows and large open archways providing a fabulous flow for entertaining. The finest of finishes, systems and top-of-line appliances add to the comfort of this full floor home. Exquisitely designed in the style of prewar era elegance and scale the home boasts beautiful architectural elements including white oak wood floors, a fireplace sculpted from white Carrara marble, pocket doors and beautiful crown moldings and decorative ceilings. Additional modern comforts include central air conditioning, custom lighting, a large laundry room and generous custom-fitted storage throughout.

The chef?s kitchen is as functional as it is sleek and stylish with top of line appliances including Gaggenau double wall ovens, 5-burner stovetop and dishwasher, Sub-Zero refrigerator and wine refrigerator and Franke fixtures and garbage disposal. Abundant custom milled cabinetry is complemented by quartzite counters and backsplash and a large central island.

The residents wing of the home is separate from formal entertaining providing for private living with 3 sun-filled, spacious and quiet bedrooms, each with full en-suite baths and custom closets. The oversized master bedroom suite features two huge fitted walk-in closets and an expansive bathroom with a Greek marble wall, Italian marble individual vanities, Waterworks deep-soaking tub, herringbone marble floors, a glass spa shower and radiant heat floors. South-facing French doors open to a Juliet balcony overlooking the building's garden level. One of the other 2 bedrooms, also features French double doors and its own Juliet balcony. Square footage is inclusive of 43 sf storage space.

The complete offering terms are in an offering plan available from Sponsor. File No. CD-14-0073. Property address: 40 East 72nd Street. Sponsor: Axia Realty Realty LLC, 40 east 72 street, Unit 6, New York, New York, 10021 Attn : Antonia Milonas , Manager. Equal Housing Opportunity

Last Agent to Sell the Property

Stacey Pashcow

Corcoran Group License #40PA0991155 Listed on: 05/18/2021

Corcoran Group

Co-Listed By

Deanna Kory

Corcoran Group License #30KO0565536

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $42,012

Year Built

  • Built in 1930

Lot Details

  • 4,661

HOA Fees

  • $5,314 Monthly HOA Fees

Home Design

  • 3,131 Sq Ft Home
  • Pre War Building
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Washer Dryer Allowed
  • Balcony

Community Details

  • 6 Units
  • Upper East Side Subdivision
  • 8-Story Property

Listing and Financial Details

  • Tax Block 01386

Property Details

Home Type

Condominium

Est. Annual Taxes

$42,012

Year Built

Built in 1930

Lot Details

4,661 Sq Ft Lot

HOA Fees

$5,314 per month

Listing Details

  • Cross Street: MADISON AVENUE and PARK AVENUE
  • Exposures: East,North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Prewar
  • Entry Level: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 3131.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5314.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Units: 6
  • Total Stories: 8
  • Year Built: 1930

Tax Info

  • Tax Block: 01386
  • Tax Annual: 42012.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Nov 12, 2021
Sold by
Axia Realty Llc
Bought by
40 East 72 Street Unit 2 Llc
Seller's Agent
Stacey Pashcow
Corcoran Group
List Price
$8,900,000
Sold Price
$8,750,000
Premium/Discount to List
-$150,000
-1.69%
Current Estimated Value
$7,031,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,718,459
Avg. Annual Appreciation
-4.87%
Original Mortgage
$5,200,000
Outstanding Balance
$4,758,920
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,272,621
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
40 East 72 Street Unit 2 Llc $8,750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 40 East 72 Street Unit 2 Llc $5,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2021 11/30/21 Sold $8,750,000 0.0% $2,795 / Sq Ft
11/30/2021 11/30/21 Sold $8,750,000 -1.7% $2,795 / Sq Ft View Prior Sale
10/31/2021 10/31/21 Pending -- -- --
06/15/2021 06/15/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $8,900,000 0.0% $2,843 / Sq Ft
05/18/2021 05/18/21 For Sale $8,900,000 -- $2,843 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $54,497 $445,348 $33,175 $412,173
2024 $54,497 $435,903 $52,419 $396,939
2023 $50,908 $415,003 $44,515 $370,488
2022 $48,770 $529,405 $52,419 $476,986
2021 $45,386 $622,829 $52,419 $570,410
2020 $46,444 $604,706 $52,419 $552,287
2019 $43,483 $503,941 $52,419 $451,522
2018 $40,266 $319,264 $34,985 $284,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10753130

Real Estate Board of New York (REBNY)

APN: 1386-1203

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