NOT LISTED FOR SALE

Estimated Value: $1,769,000 - $4,393,345

3 Beds
2.5 Baths
2,846 Sq Ft
$2,869/mo HOA Fee

Last Sold January 09, 2021

Last sale price $4,995,000 $1,755 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $22,766/month

60 Days on Market

Highlights

  • Rooftop Deck
  • City View
  • Terrace
  • P.S. 111 Adolph S. Ochs Rated A-
  • Pre War Building
  • Central Air

About This Home

As of January 2021

Bask in glorious private outdoor space, expansive interiors and outstanding amenities in this exceptional three-bedroom, two-and-a-half-bathroom penthouse duplex in the perfect Hell's Kitchen/Midtown West location.

Spanning 2,846 square feet, this extraordinary home begins on the upper entertaining level that opens completely to a 860 square foot private terrace that is 49-foot-wide. Enjoy a lavish footprint for living and dining areas featuring soaring ceilings and hardwood floors while the open Valcucine kitchen features upscale appliances by Sub-Zero, Viking and Miele. A large coat closet and powder room add convenience to the thoughtful layout. Outside, the massive south-facing terrace provides a wonderful setting for seamless indoor-outdoor living alongside jaw-dropping views of the Manhattan skyline.

The home's private quarters are tucked on the sprawling lower level. The massive owner's suite boasts a huge walk-in closet, an in-unit washer-dryer and an en suite spa bathroom with a soaking tub, separate shower and double vanity. Two extra-large secondary bedrooms share another well-appointed full bathroom. This gorgeous penthouse conveys with a ~550-cubic-foot storage unit with the option to include an on-site garage parking space as well.

The Hit Factory was once one of the most famous recording studios in the world. Dozens of Grammy-nominated songs were recorded, mastered or mixed here. The Rolling Stones, John Lennon, Billy Joel, Bruce Springsteen, Paul Simon and Madonna have all recorded on the premises. Converted to contemporary loft residences in 2006, the boutique condominium offers part-time doorman service and a package room, a resident parking garage, fitness center, private storage and a roof deck with unbeatable views. Investors, pieds--terre and pets are welcome.

Nestled in the heart of vibrant Hell's Kitchen/Midtown West just minutes from Columbus Circle, Lincoln Center, Times Square and the Theater District there is no more exciting or central neighborhood in New York City. Within blocks of your front door, you'll find Central Park's 842 acres of iconic outdoor space and 500 acres of waterfront recreation at Hudson River Park. The Shops at Columbus Circle provide world-class shopping and dining. Transportation options are abundant, including A/C/E, 1, B/D and N/Q/R/W trains, excellent bus service and CitiBike stations all within reach.

Last Agent to Sell the Property

Adam Miller

Compass License #10301209083 Listed on: 11/05/2020

Compass

Co-Listed By

Eric Prigot

Compass License #10401227867

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $42,780

Year Built

  • Built in 1928

HOA Fees

  • $2,869 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building
  • Entry on the 7th floor

Interior Spaces

  • 2,846 Sq Ft Home
  • Wood Burning Fireplace
  • City Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • South Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7502 / 1064

Community Details

Overview

  • Hit Factory Condominium Condos
  • Clinton Subdivision
  • 7-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$42,780

Year Built

Built in 1928

Lot Details

0

HOA Fees

$2,869 per month

Listing Details

  • Cross Street: Ninth Avenue/Tenth Avenue
  • Exposures: South
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Clinton
  • Architectural Style: Prewar
  • Entry Level: 7
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Dryer, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2846.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

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

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2869.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Building Name: Hit Factory Condominium
  • Total Stories: 7
  • Year Built: 1928

Tax Info

  • Tax Block: 1064
  • Tax Lot: 7502
  • Tax Annual: 42780.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Jan 8, 2021
Sold by
Lyman Barbara Putnam
Bought by
Reiner Eric
Seller's Agent
Adam Miller
Compass
List Price
$4,995,000
Sold Price
$4,995,000
Current Estimated Value
$2,894,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,100,164
Avg. Annual Appreciation
-12.04%

Purchase Details

Closed on
Jul 2, 2008
Sold by
Hf Sponsor Corp and % Core Plus Properties Llc
Bought by
Lyman Barbara Putnam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.17%
Source: Public Records

Range of Values:

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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
Reiner Eric $4,730,000 --
Lyman Barbara Putnam $4,275,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2021 01/09/21 Sold $4,995,000 0.0% $1,755 / Sq Ft
11/05/2020 11/05/20 For Sale $4,995,000 +16.8% $1,755 / Sq Ft
01/28/2015 01/28/15 Sold -- -- --
12/29/2014 12/29/14 Pending -- -- --
12/10/2007 12/10/07 For Sale $4,275,000 -- $1,502 / 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 $55,319 $450,675 $46,841 $403,834
2024 $55,319 $442,479 $46,841 $395,638
2023 $53,044 $432,415 $46,841 $385,574
2022 $45,316 $454,547 $46,841 $407,706
2021 $52,338 $453,513 $46,841 $406,672
2020 $42,788 $502,314 $46,841 $455,473
2019 $40,463 $491,031 $46,841 $444,190
2018 $52,441 $484,461 $46,841 $437,620
2017 $48,112 $460,425 $46,841 $413,584
2016 $44,788 $399,295 $46,841 $352,454
2015 $20,562 $367,664 $46,842 $320,822
2014 $20,562 $349,700 $46,841 $302,859
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10680833

Real Estate Board of New York (REBNY)

APN: 1064-1125