NOT LISTED FOR SALE

425 5th Ave, Unit 48A New York, NY 10016

Garment District Neighborhood

Estimated Value: $1,317,000 - $1,366,000

1 Bed
1.5 Baths
953 Sq Ft
$1,168/mo HOA Fee

Last Sold August 11, 2022

Last sale price $1,400,000 $1,469 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $9,421/month

102 Days on Market

About This Home

As of August 2022

Rarely Available XX Mint Condition - This Gorgeous 48th floor 1 bedroom, 1.5 bathroom in New York's iconic Midtown neighborhood is a must see. This residence has sweeping views of NYC with North East Exposures. Beautiful Brazilian cherry wood floors throughout. The master bedroom's with en-suite bath has a deep soak tub and separate shower. The apartment's kitchen contains top-of-the-line subzero and Miele stainless steel appliances, granite counter tops and has many windows with wonderful eastern light. The Building amenities at 425 Fifth Avenue are impressive. The building is equipped with full-time doorman, party and event space, children's playroom, meeting room, gym, pt pool and steam room and an outdoor patio.

Tax Assessment is $111.26

Co-Listed By

Karen Giaquinto

Berkshire Hathaway HomeServices New York Properties License #30GI0930190

Berkshire Hathaway HomeServices New York Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,440

Year Built

  • Built in 2006

HOA Fees

  • $1,168 Monthly HOA Fees

Home Design

  • 953 Sq Ft Home
  • Entry on the 48th floor

Bedrooms and Bathrooms

  • 1 Bedroom

Community Details

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

Listing and Financial Details

  • Tax Block 00868

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,440

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,168 per month

Listing Details

  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Murray Hill Kips Bay
  • Entry Level: 48
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 56

Interior Features

  • Living Area: 953.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1168.0
  • 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: 00868
  • Tax Annual: 10440.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
Aug 11, 2022
Sold by
Rafael A Rivera As Trustee
Bought by
Ramkumar Adhish
List Price
$1,438,000
Sold Price
$1,400,000
Premium/Discount to List
-$38,000
-2.64%
Views
6
Current Estimated Value
$1,346,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,649
Avg. Annual Appreciation
-2.18%
Original Mortgage
$1,050,000
Outstanding Balance
$1,006,331
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$300,638

Purchase Details

Closed on
Mar 11, 2013
Sold by
Rivera Rafael
Bought by
Rafael A Rivera As Trustee and The Rafael A Rivera Revocable Trust

Purchase Details

Closed on
Feb 27, 2004
Sold by
Rfd 425 Fifth Avenue L P
Bought by
Rivera Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
5.56%
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
Ramkumar Adhish $1,400,000 --
Rafael A Rivera As Trustee -- --
Rivera Rafael $916,425 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramkumar Adhish $1,050,000
Previous Owner Rivera Rafael A $40,770
Previous Owner Rivera Rafael $720,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Off Market $1,400,000 -- --
08/11/2022 08/11/22 Sold $1,400,000 -2.6% $1,469 / Sq Ft
04/13/2022 04/13/22 For Sale $1,438,000 -- $1,509 / 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 $13,716 $110,179 $21,277 $88,902
2024 $13,716 $109,708 $21,277 $88,431
2023 $11,064 $109,325 $21,277 $88,048
2022 $10,850 $107,755 $21,277 $86,478
2021 $12,647 $103,096 $21,277 $81,819
2020 $10,913 $114,142 $21,277 $92,865
2019 $10,528 $111,576 $21,277 $90,299
2018 $12,430 $114,613 $21,277 $93,336
2017 $11,612 $106,443 $21,277 $85,166
2016 $11,323 $98,987 $21,276 $77,711
2015 $5,504 $97,696 $21,277 $76,419
2014 $5,504 $92,021 $21,277 $70,744
Source: Public Records

Agents Affiliated with this Home

  • Karen Giaquinto

    Seller Co-Listing Agent in 2022

    Karen Giaquinto

    BHHS New York Prop

    (212) 891-7000

    1 in this area

    7 Total Sales

    Karen Giaquinto
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About This Building

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10855975

Real Estate Board of New York (REBNY)

APN: 0868-1608

New York New York County New York 10016 Garment District

425 5th Ave Unit 48A, New York, NY

This home is located at 425 5th Ave Unit 48A, New York, NY 10016 since 13 April 2022 and is currently estimated at $1,346,351, approximately $1,412 per square foot. This property was built in 2006. 425 5th Ave Unit 48A 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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