NOT LISTED FOR SALE

425 5th Ave, Unit 21B New York, NY 10016

Garment District Neighborhood

Estimated Value: $1,267,699 - $1,370,000

2 Beds
2 Baths
1,364 Sq Ft
$1,177/mo HOA Fee

Last Sold November 10, 2021

Last sale price $1,355,000 $993 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $9,080/month

72 Days on Market

Highlights

  • City View
  • 4-minute walk to 5 Avenue-Bryant Park
  • 1-minute walk to Tilden Park
  • P.S. 116 Mary Lindley Murray Rated A-

About This Home

As of November 2021

Bright corner 2 bedroom 2 bath with double exposure (south and east) and unobstructed views of the Empire State Building. 425 Fifth Avenue is a full-service 24 hour white glove doorman condominium. Enjoy the convenience of living in the heart of midtown- close to Grand Central Station, Bryant Park, the NY Library, Fifth Avenue Shopping and so much more. The apartment itself has cherry hardwood floors, a windowed kitchen with GE profile appliances and black granite counter tops, great closet space, and baths with Kohler fixtures. The master bath has a separate shower stall in addition.The 425 Fifth Avenue Tower is complete with amenities including a fitness center, indoor pool, sauna and locker rooms business Center , cinema room, children's play room, outdoor terrace, and laundry room. Furthermore, each floor only has a handful of apartments providing you with greater privacy.

Last Agent to Sell the Property

Sarah Son

Nest Seekers LLC License #40SO0943917 Listed on: 05/10/2021

Nest Seekers LLC

Co-Listed By

Ilan Bracha

Corcoran Group License #10301219983

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,536

Year Built

  • Built in 2006

HOA Fees

  • $1,177 Monthly HOA Fees

Home Design

  • Entry on the 54th floor

Interior Spaces

  • 1,364 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 127 Units
  • Murray Hill Subdivision
  • 56-Story Property

Listing and Financial Details

  • Tax Block 868

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,536

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,177 per month

Listing Details

  • Cross Street: 5 AVENUE and MADISON AVENUE
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Murray Hill
  • Entry Level: 54
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 56

Interior Features

  • Living Area: 1364.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1176.84
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Units: 127
  • Total Stories: 56
  • Year Built: 2006

Tax Info

  • Tax Block: 868
  • Tax Annual: 10536.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2021
Closed on
Nov 11, 2021
Sold by
Jung Jaehwa
Bought by
Cho Yang
Seller's Agent
Sarah Son
Nest Seekers LLC
List Price
$1,375,000
Sold Price
$1,355,000
Premium/Discount to List
-$20,000
-1.45%
Current Estimated Value
$1,317,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,825
Avg. Annual Appreciation
-0.72%

Purchase Details

Closed on
Dec 20, 2007
Sold by
Chan Alexander and Chan Rosa C
Bought by
Chung Ik Young

Purchase Details

Closed on
Jun 22, 2004
Sold by
Rfd 425 Fifth Avenue L P
Bought by
Chan Alexander and Chan Rosa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cho Yang $1,350,000 --
Chung Ik Young $1,385,000 --
Chung Ik Young $1,385,000 --
Chan Alexander $819,691 --
Chan Alexander $819,691 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chan Alexander $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2022 04/20/22 Off Market $4,400 -- --
11/10/2021 11/10/21 Sold $1,355,000 -1.5% $993 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $1,375,000 0.0% $1,008 / Sq Ft
09/27/2018 09/27/18 For Rent $4,850 +10.2% --
09/27/2018 09/27/18 Rented -- -- --
02/21/2014 02/21/14 Rented -- -- --
02/21/2014 02/21/14 Rented $4,400 0.0% --
01/22/2014 01/22/14 Under Contract -- -- --
09/20/2013 09/20/13 For Rent $4,400 -- --
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 $10,708 $86,020 $16,611 $69,409
2024 $10,708 $85,652 $16,611 $69,041
2023 $8,638 $85,353 $16,611 $68,742
2022 $8,492 $84,128 $16,611 $67,517
2021 $9,874 $80,489 $16,611 $63,878
2020 $10,327 $89,114 $16,611 $72,503
2019 $9,965 $87,111 $16,611 $70,500
2018 $10,003 $89,482 $16,611 $72,871
2017 $9,236 $83,103 $16,611 $66,492
2016 $9,078 $77,283 $16,612 $60,671
2015 $4,252 $76,275 $16,612 $59,663
2014 $4,252 $71,844 $16,611 $55,233
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sarah Son

    Nest Seekers LLC

    (917) 776-2581

    3 in this area

    7 Total Sales

    Sarah Son
    Section Image
  • Ilan Bracha

    Seller Co-Listing Agent in 2021

    Ilan Bracha

    Corcoran Group

    (646) 952-9287

    1 in this area

    42 Total Sales

    Ilan Bracha
    Section Image
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About This Building

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10717307

Real Estate Board of New York (REBNY)

APN: 0868-1526

New York New York County New York 10016 Garment District

425 5th Ave Unit 21B, New York, NY

This home is located at 425 5th Ave Unit 21B, New York, NY 10016 since 10 May 2021 and is currently estimated at $1,317,175, approximately $965 per square foot. This property was built in 2006. 425 5th Ave Unit 21B is a home located in New York County with nearby schools including P.S. 116 Mary Lindley Murray, Simon Baruch Middle School 104, and Clinton School.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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