NOT LISTED FOR SALE

425 5th Ave, Unit 49B New York, NY 10016

Garment District Neighborhood

Estimated Value: $2,148,000 - $2,836,650

2 Beds
2.5 Baths
1,588 Sq Ft
$1,846/mo HOA Fee

Last Sold August 16, 2018

Last sale price $2,800,000 $1,763 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $20,231/month

93 Days on Market

Highlights

  • Rooftop Deck
  • 4-minute walk to 5 Avenue-Bryant Park
  • 12,630 Sq Ft lot
  • P.S. 116 Mary Lindley Murray Rated A-
  • River View
  • 1-minute walk to Tilden Park

About This Home

As of August 2018

All offers welcome! This 1588 square-foot residence boasts a 550-square-foot private wraparound terrace with breathtaking sweeping city views including: Empire State Building, Bryant Park, Freedom Tower, Statue of Liberty and East River and Hudson River views. Located on the 49th floor of a white glove Midtown condominium building, this high floor apartment was previously a 3-bedroom but is currently configured as a 2-bedroom, 2.5-bathroom and features hardwood floors, incredible closet space, an in-unit washer/dryer and central AC. The windowed kitchen includes cherry wood cabinets, Miele stove and dishwasher, Sub-Zero refrigerator, black granite countertops and Kohler fixtures. The marble bathrooms feature heated towel bars, steam showers, Italian tiles, and Dornbracht faucets, with master bath including a Jacuzzi tub. With northern, western and southern exposures, this apartment receives an abundance of natural light throughout.

425 Fifth Avenue features a variety of amenities including a 24-hour doorman, private storage, children's room, laundry room, entertainment room, as well as an indoor pool and health club. Pets are permitted.

Last Agent to Sell the Property

Elizabeth Kee

CORE Group Marketing LLC License #10301206650 Listed on: 04/06/2018

CORE Group Marketing LLC

Co-Listed By

Andrea Wells

Compass License #10401262141

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,728

Year Built

  • Built in 2003

Lot Details

  • 0.29

HOA Fees

  • $1,846 Monthly HOA Fees

Property Views

  • River

Home Design

  • Entry on the 49th floor

Interior Spaces

  • 1,588 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Balcony

Community Details

Overview

  • 172 Units
  • Midtown South Subdivision
  • 67-Story Property

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$43,728

Year Built

Built in 2003

Lot Details

0

HOA Fees

$1,846 per month

Listing Details

  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown South
  • Entry Level: 49
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 67

Interior Features

  • Interior Features: Separate/Formal Dining Room, Entrance Foyer
  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 1588.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8

Beds/Baths

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

Exterior Features

  • View: City, Park/Greenbelt, River
  • View: Yes
  • Exterior Features: Balcony, Building Roof Deck
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1846.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 12630.0
  • Lot Size Dimensions: 76.92 x 150.0

Building Info

  • New Construction: No
  • Units: 172
  • Total Stories: 67
  • Year Built: 2003

Tax Info

  • Tax Block: 0
  • Tax Annual: 43728.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
Aug 16, 2018
Sold by
Kang Hee Kyung
Bought by
Kim Jim and Kim Me Young
Seller's Agent
Elizabeth Kee
CORE Group Marketing LLC
List Price
$3,200,000
Sold Price
$2,800,000
Premium/Discount to List
-$400,000
-12.5%
Current Estimated Value
$2,650,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$149,837
Avg. Annual Appreciation
-0.77%

Purchase Details

Closed on
Dec 22, 2005
Sold by
Rfd 425 Fifth Avenue L P
Bought by
Kang Hee Kyung
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
Kim Jim $2,800,000 --
Kang Hee Kyung $3,200,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/25/2022 12/25/22 Off Market $2,800,000 -- --
04/20/2022 04/20/22 Off Market $10,500 -- --
08/16/2018 08/16/18 Sold $2,800,000 -12.5% $1,763 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $3,200,000 0.0% $2,015 / Sq Ft
06/29/2017 06/29/17 For Rent $11,000 +4.8% --
06/29/2017 06/29/17 Rented -- -- --
01/12/2017 01/12/17 Rented $10,500 -- --
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 $51,342 $412,434 $79,645 $332,789
2024 $51,342 $410,672 $79,645 $331,027
2023 $50,201 $409,238 $79,645 $329,593
2022 $49,351 $403,356 $79,645 $323,711
2021 $47,340 $385,914 $79,645 $306,269
2020 $46,399 $427,264 $79,645 $347,619
2019 $48,171 $417,656 $79,645 $338,011
2018 $47,124 $429,027 $79,645 $349,382
2017 $44,286 $398,443 $79,645 $318,798
2016 $43,525 $370,535 $79,645 $290,890
2015 $13,590 $365,702 $79,645 $286,057
2014 $13,590 $344,459 $79,645 $264,814
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Kee

    Seller's Agent in 2018

    Elizabeth Kee

    CORE Group Marketing LLC

    (718) 489-8444

    1 in this area

    119 Total Sales

    Elizabeth Kee
    Section Image
  • Andrea Wells

    Seller Co-Listing Agent in 2018

    Andrea Wells

    Compass

    (718) 489-8444

    15 Total Sales

    Andrea Wells
    Section Image
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About This Building

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10798192

Real Estate Board of New York (REBNY)

APN: 0868-1635

New York New York County New York 10016 Garment District

425 5th Ave Unit 49B, New York, NY

This home is located at 425 5th Ave Unit 49B, New York, NY 10016 since 06 April 2018 and is currently estimated at $2,650,163, approximately $1,668 per square foot. This property was built in 2003. 425 5th Ave Unit 49B 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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