NOT LISTED FOR SALE

Estimated Value: $2,181,420 - $2,965,000

3 Beds
2 Baths
1,466 Sq Ft
$1,402/mo HOA Fee

Last Sold June 29, 2022

Last sale price $2,200,000 $1,501 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $16,134/month

Highlights

  • Rooftop Deck
  • 3-minute walk to Queensboro Plaza
  • New Windows
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • City View
  • 4-minute walk to Court Square Park

About This Home

As of June 2022

Atop the Factory House, this coveted three bedroom, two bath, penthouse is the ultimate in industrial chic.

With a sprawling layout, this penthouse spans across an expansive 1,466 square feet and boasts a massive private 1,332 square foot terrace with panoramic views of midtown and Long Island City, ideal for entertaining.

The residence features brick interior walls, rustic wood floors, and large windows. Charmed with vintage character, prewar-inspired double-hung windows frame lofty views of Long Island City.

Modern convenience is at the heart of Factory House's open kitchens, with fine rift-cut red oak cabinets, white Caesarstone countertops, stainless steel apron-front sinks with spring coiled faucets and pot fillers, and a tile backsplash. Also highlighted are top-of-the-line stainless steel appliances including a Miele dishwasher, Viking electric range cook-top and hood, single wall oven and a double door Viking refrigerator. Bathrooms feature Kohler tubs and Grohe faucets and are well-appointed and distinctive, combining the polish of Venetian bronze fixtures with uniquely distressed porcelain tiles in shower and floor. Additionally, the residence includes an in-unit washer and dryer.

Evoking Long Island City's industrial past, Factory House's 1 to 3-bedroom condominiums reference the area's manufacturing legacy with a sleek warehouse feel. This new boutique residence revives a level of historic architectural detail often lost in new construction. Inside this 10-story building, sunlight floods through the airy two-story lobby's floor-to-ceiling windows to illuminate rustic porcelain tile, red brick walls and sculptural steel beams. A dramatic second-floor open balcony overlooks the lobby, a prime perch to admire the uniquely textured flooring and the ceiling's wooden joists.

The Factory House offers amenities including an on-site parking garage and bicycle storage. On the second floor, the fitness center and children's playroom open onto a spacious landscaped resident terrace. On the third floor, the residents' library lounge provides a sun-filled space for reading, relaxing or socializing.

The Factory House is conveniently located between the Queensboro Plaza and Court Square subway stations, many popular local restaurants, and cafes. A brand new Trader Joe's opened in 2021 just a few blocks away and a Target is set to open its doors soon.

Last Agent to Sell the Property

Michael Bethoney

Nest Seekers LLC License #10301214618 Listed on: 01/03/2023

Nest Seekers LLC

Co-Listed By

Natanel Malkoukian

REAVIS PARTNERS LLC License #10401307136

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,260

Year Built

  • Built in 2015

HOA Fees

  • $1,402 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 10th floor

Interior Spaces

  • 1,466 Sq Ft Home
  • New Windows
  • Entrance Foyer
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Listing and Financial Details

  • Legal Lot and Block 7501 / 429

Community Details

Overview

  • Long Island City Subdivision
  • 10-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,260

Year Built

Built in 2015

Lot Details

0

HOA Fees

$1,402 per month

Listing Details

  • Cross Street: 41st Avenue/Queens Plaza North
  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Entry Level: 10
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1466.0
  • Living Area Units: Square Feet
  • Window Features: New Windows

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck
  • Patio/Porch Features: Rooftop

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1402.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 10
  • Year Built: 2015

Tax Info

  • Tax Block: 429
  • Tax Lot: 7501
  • Tax Annual: 19260.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2023
Closed on
Jun 29, 2022
Sold by
Gunther Michael and Lee Justin
Bought by
Hao Chenyu
Seller's Agent
Michael Bethoney
Nest Seekers LLC
List Price
$2,200,000
Sold Price
$2,200,000
Current Estimated Value
$2,676,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,140
Avg. Annual Appreciation
5.91%
Original Mortgage
$1,150,000
Outstanding Balance
$1,094,094
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,582,046

Purchase Details

Closed on
Nov 4, 2016
Sold by
Rdg-Stonecutter 43Rd Ave Owner Llc
Bought by
Gunther Michael and Lee Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,747,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage
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
Hao Chenyu $2,200,000 --
Gunther Michael $2,372,522 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hao Chenyu $1,150,000
Previous Owner Gunther Michael $1,747,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2023 01/03/23 For Sale $2,200,000 0.0% $1,501 / Sq Ft
06/29/2022 06/29/22 Sold $2,200,000 -5.6% $1,501 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
04/05/2017 04/05/17 Sold $2,330,000 0.0% $1,589 / Sq Ft View Prior Sale
03/06/2017 03/06/17 Pending -- -- --
01/10/2016 01/10/16 For Sale $2,330,000 -- $1,589 / 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 $7,186 $163,558 $14,994 $148,564
2024 $7,186 $161,785 $14,994 $146,791
2023 $7,141 $158,387 $14,994 $143,393
2022 $4,934 $158,481 $14,994 $143,487
2021 $6,143 $161,444 $14,994 $146,450
2020 $6,150 $167,352 $14,994 $152,358
2019 $7,580 $163,786 $14,994 $148,792
2018 $7,140 $143,489 $10,810 $132,679
2017 $7,077 $140,451 $8,653 $131,798
2016 $0 $140,451 $8,653 $131,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10824492

Real Estate Board of New York (REBNY)

APN: 00429-1038