NOT LISTED FOR SALE

425 5th Ave, Unit 32B Floor 32 New York, NY 10016

Garment District Neighborhood

Estimated Value: $694,000 - $1,412,000

1 Bed
1 Bath
734 Sq Ft
$961/mo HOA Fee

Last Sold October 16, 2024

Last sale price $1,042,500 $1,420 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,012/month

20 Days on Market

Highlights

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

About This Home

As of October 2024

Postcard-perfect view from this one-bedroom in the sky with INCREDIBLE Light & Views.

Your Gorgeous home/pied-e-terre or investment with consistently low monthlies. (taxes are lower is used as primary)

The apartments east-facing windows provide abundant light, allowing gorgeous sunset views daily. The kitchen features beautiful features like top-of-the-line appliances and plenty of cupboard storage space. The Italian white tiled bathroom features a walk-in shower, a separate bathtub & vanity, and a stainless steel shower head and faucet.

Built-in 2003 and designed by renowned architect Michael Graves, this luxurious full-service condominium offers a range of upscale amenities. The building includes a 24-hour concierge and doorman and a sophisticated lobby entrance. Its expansive layout includes spacious galleries in both private and communal areas.

Residents can enjoy the recently renovated health and wellness center, which includes a fully equipped gym, studio, indoor pool, steam room, sauna, massage treatment rooms, and a wrap-around sun terrace. Additionally, there are facilities for business and conferences, a residents lounge, a private cinema, a wine cellar, and an outdoor courtyard adjacent to the building entrance. A live-in superintendent ensures prompt assistance and maintenance.

This pet-friendly building also allows short-term stays and is conveniently located near high-end restaurants and upscale shopping venues. It is close to Bryant Park, the main branch of The New York Public Library, Grand Central Station, 16 subway lines, and well-serviced bus routes along Fifth Avenue and Madison Avenue, offering unparalleled convenience in the citys heart. The unit offers a direct view of the Empire State Building and One World Trade Center.

Last Agent to Sell the Property

Nicole Fishman Benoliel

Nestapple Inc License #10311207032 Listed on: 07/17/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,204

Year Built

  • Built in 2003

HOA Fees

  • $961 Monthly HOA Fees

Home Design

  • Entry on the 32nd floor

Interior Spaces

  • 734 Sq Ft Home
  • Wood Flooring

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Indoor Pool
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Property Available on 1/15/25
  • Tax Block 00868

Community Details

Overview

  • Association fees include gas, water
  • The Davis Building Condos
  • Midtown South Subdivision

Amenities

  • Elevator

Recreation

  • Health Club

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,204

Year Built

Built in 2003

Lot Details

0

HOA Fees

$961 per month

Listing Details

  • Cross Street: 38th & 39th Street
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown South
  • Entry Level: 32
  • Structure Type: None
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Microwave
  • Flooring: Hardwood
  • Living Area: 734.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Patio/Porch Features: Patio

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Inside, None
  • Green Building Features: Elevator(s), Health Club, Indoor Pool
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 961.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Common Charge/Maintenance Fee Includes: Gas, Water

Building Info

  • New Construction: No
  • Building Name: THE DAVIS BUILDING
  • Year Built: 2003

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-01-15

Tax Info

  • Tax Block: 00868
  • Tax Lot: 0000
  • Tax Annual: 9204.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2024
Closed on
Oct 16, 2024
Sold by
Diane L Kroeker As Trustees and Kroeker Family Trust Dated June 23 201
Bought by
Stilli Riccardo
Seller's Agent
Nicole Fishman Benoliel
Nestapple Inc
List Price
$1,100,000
Sold Price
$1,042,500
Premium/Discount to List
-$57,500
-5.23%
Views
18
Current Estimated Value
$1,006,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,083
Avg. Annual Appreciation
-3.10%

Purchase Details

Closed on
Aug 1, 2014
Sold by
Kroeker Diane L and Kroeker Mark A
Bought by
Kroeker Family Trust and Kroeker Trustee Diane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,429
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2005
Sold by
Paik Hae Sun and Wolf Haldenstein %
Bought by
Kroeker Diane L and Kroeker Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2004
Sold by
Rfd 425 Fifth Avenue L P
Bought by
Paik Hae Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stilli Riccardo $1,042,500 --
Kroeker Family Trust -- --
Kroeker Family Trust -- --
Kroeker Diane L $895,000 --
Kroeker Diane L $895,000 --
Paik Hae Sun $666,954 --
Paik Hae Sun $666,954 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kroeker Family Trust $3,429
Previous Owner Kroeker Diane L $716,000
Previous Owner Paik Hae Sun $458,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2024 10/16/24 Sold $1,042,500 -5.2% $1,420 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $1,100,000 0.0% $1,499 / Sq Ft
09/06/2016 09/06/16 Rented -- -- --
08/07/2016 08/07/16 Under Contract -- -- --
06/06/2015 06/06/15 For Rent $4,000 -- --
08/28/2013 08/28/13 Rented -- -- --
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 $9,021 $72,469 $13,995 $58,474
2024 $9,021 $72,160 $13,995 $58,165
2023 $8,990 $71,908 $13,995 $57,913
2022 $8,694 $70,875 $13,995 $56,880
2021 $8,318 $67,810 $13,995 $53,815
2020 $4,236 $75,076 $13,995 $61,081
2019 $8,371 $73,388 $13,995 $59,393
2018 $8,397 $75,386 $13,995 $61,391
2017 $7,967 $70,012 $13,995 $56,017
2016 $5,880 $65,108 $13,995 $51,113
2015 $3,582 $64,259 $13,995 $50,264
2014 $3,582 $60,526 $13,995 $46,531
Source: Public Records

Agents Affiliated with this Home

  • Nicole Fishman Benoliel

    Seller's Agent in 2024

    Nicole Fishman Benoliel

    Nestapple Inc

    (855) 637-8277

    1 in this area

    28 Total Sales

    Nicole Fishman Benoliel
    Section Image
  • Karen Giaquinto

    Seller's Agent in 2016

    Karen Giaquinto

    BHHS New York Prop

    (212) 891-7000

    2 in this area

    7 Total Sales

    Karen Giaquinto
    Section Image
  • Joe Pellicane

    Seller Co-Listing Agent in 2016

    Joe Pellicane

    Corcoran Group

    (917) 733-4144

    8 Total Sales

    Joe Pellicane
    Section Image
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About This Building

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10988323

Real Estate Board of New York (REBNY)

APN: 0868-1537

New York New York County New York 10016 Garment District

425 5th Ave Unit 32B, New York, NY

Not Listed for Sale

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