NOT LISTED FOR SALE

Estimated Value: $1,014,101 - $1,152,000

1 Bed
1 Bath
777 Sq Ft
$997/mo HOA Fee

Last Sold May 10, 2022

Last sale price $1,150,000 $1,480 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,460/month

58 Days on Market

Highlights

  • South Facing Home
  • 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 May 2022

Investors Dream Fifth Avenue Condo with tenant paying $4,472 per month until January 2022 425 Fifth Avenue is designed by the award-winning visionary architect Michael Graves. In this acclaimed luxury condo you can find Residence 26D, a renovated masterpiece with oversized windows framing spectacular views of the Empire State Building and Freedom Tower.



Enjoy the ultimate urban lifestyle from this sprawling 777 sf home with a generous foyer that opens up beautifully to a South facing living and dining room flooded with natural light. Celebrate iconic skyline views from your sofa as you entertain with authority. Feel relaxed and rejuvenated by the statement stone walls enhancing the living room experience. The Kitchen features cherrywood cabinets, GE profile and Frigidaire appliances, black granite counter tops and Kohler fixtures. The Master Bedroom is spacious and contains enormous amounts of closet space. The luxuriously renovated bathroom is equipped with a separate soaking tub & standing jet stream shower. See for yourself what living on Fifth Avenue in outstanding Architecture can feel like.



425 fifth Ave is a white glove condominium with the convenience of 24 hour attended lobby, concierge service to manage all your personal needs and valet services. The building boasts a number of lifestyle and wellness amenities on 3 full floors, including a full-scale health and wellness club with a gorgeous swimming pool, sauna, steam room and massage therapy rooms, as well as a state-of-the-art fitness center with a wrap-around sun terrace. It also features a playroom, exclusive cinema room, business center and laundry room. W/D additions are permitted. This building is conveniently located near Bryant Park, Grand Central, major transportation, the New York Public Library, local restaurants, upscale boutiques on Fifth and Madison Ave., the Morgan library Museum, Saks Fifth Avenue and Rockefeller Plaza. Pets are allowed.

Last Agent to Sell the Property

David Palmieri

Corcoran Group License #10301220616 Listed on: 04/02/2021

Corcoran Group

Co-Listed By

Nathaniel Faust

Corcoran Group License #10301202671

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,400

Year Built

  • Built in 2003

Lot Details

  • South Facing Home

HOA Fees

  • $997 Monthly HOA Fees

Home Design

  • 777 Sq Ft Home
  • Entry on the 26th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 172 Units
  • 425 Fifth Avenue Condos
  • Middle West Side Subdivision
  • 54-Story Property

Listing and Financial Details

  • Tax Block 00868

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,400

Year Built

Built in 2003

Lot Details

0

HOA Fees

$997 per month

Listing Details

  • Cross Street: 5 AVENUE and MADISON AVENUE
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Middle West Side
  • Entry Level: 26
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 54

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 777.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 997.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: 425 FIFTH AVENUE
  • Units: 172
  • Total Stories: 54
  • Year Built: 2003

Tax Info

  • Tax Block: 00868
  • Tax Annual: 8400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2014
Closed on
Mar 20, 2015
Sold by
Bong Chu Derek Chek
Bought by
Panos Realty Associates Llc
Seller's Agent
Abe Botha
Douglas Elliman Real Estate
List Price
$1,288,000
Sold Price
$1,238,000
Premium/Discount to List
-$50,000
-3.88%
Current Estimated Value
$1,078,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$159,225
Avg. Annual Appreciation
-1.30%

Purchase Details

Closed on
May 27, 2011
Sold by
Galea Overseas Inc
Bought by
Chu Derek Chek Bong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
4.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2009
Sold by
Najafi Hamid and Najafi Shirin
Bought by
Galea Overseas Inc

Purchase Details

Closed on
Jun 5, 2006
Sold by
Gur Abraham
Bought by
Najafi Hamid and Najafi Shirin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,750
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2003
Sold by
Rfd 425 Fifth Avenue L P
Bought by
Gur Abraham

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Panos Realty Associates Llc $1,238,000 --
Chu Derek Chek Bong $860,000 --
Galea Overseas Inc $779,000 --
Najafi Hamid $875,000 --
Gur Abraham $554,946 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chu Derek Chek Bong $645,000
Previous Owner Najafi Hamid $568,750
Previous Owner Gur Abraham $408,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2022 11/01/22 Off Market $1,150,000 -- --
05/10/2022 05/10/22 Sold $1,150,000 -4.1% $1,480 / Sq Ft
01/18/2022 01/18/22 For Sale $1,199,000 0.0% $1,543 / Sq Ft
01/30/2020 01/30/20 For Rent $4,099 -99.7% --
01/30/2020 01/30/20 Rented -- -- --
03/20/2015 03/20/15 Sold $1,238,000 -3.9% $1,593 / Sq Ft View Prior Sale
02/18/2015 02/18/15 Pending -- -- --
11/19/2014 11/19/14 For Sale $1,288,000 -- $1,658 / 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 $8,655 $69,522 $13,424 $56,098
2024 $8,655 $69,226 $13,424 $55,802
2023 $8,462 $68,984 $13,424 $55,560
2022 $8,319 $67,993 $13,424 $54,569
2021 $7,980 $65,053 $13,424 $51,629
2020 $8,405 $72,023 $13,424 $58,599
2019 $8,120 $70,403 $13,424 $56,979
2018 $8,075 $72,320 $13,424 $58,896
2017 $7,465 $67,164 $13,424 $53,740
2016 $7,032 $62,460 $13,424 $49,036
2015 $3,437 $61,646 $13,424 $48,222
2014 $3,437 $58,066 $13,424 $44,642
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10905534

Real Estate Board of New York (REBNY)

APN: 0868-1564