NOT LISTED FOR SALE

447 W 18th St Unit PH11B New York, NY 10011

Chelsea Neighborhood

Estimated Value: $3,395,000 - $4,385,000

3 Beds
3 Baths
1,815 Sq Ft
$2,373/mo HOA Fee

Last Sold December 23, 2019

Last sale price $3,025,000 $1,667 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $27,327/month

287 Days on Market

Highlights

  • City View
  • Balcony
  • Central Air
  • P.S. 11 Sarah J. Garnet School Rated A
  • Eat-In Kitchen
  • 5-minute walk to 14th Street Park

About This Home

As of December 2019

MOTIVATED SELLER - Floor-to-ceiling windows, and an outdoor balcony! This 3-bedroom 3-bathroom penthouse showcases is flanked by southern and northern views that capture the West Chelsea skyline, Midtown and beyond. The interiors of this award winning building are elegantly synergistic with the architecture in its contemporary design and luxurious appeal. Ceiling heights over 9 feet, maple floors, washer/dryer, advanced heating and cooling systems, and custom kitchens and baths designed by Audrey Matlock. The Chefs-kitchen, with its polished terrazzo floors, stainless steel and glass cabinetry, and high-gloss quartzite counter tops, are perfect for impressive entertaining. Appliances by Viking, Miele and Sub-Zero combine both aesthetics and quality. A custom made rolling wine rack acts as additional entertaining and counter space. An oversized free standing Duravit soaking tub by Philippe Starck is the centerpiece for the spa-like 5-fixture master bath with limestone floors and Bianco Sivic marble slab countertops. 24-hour doorman with gym and common rooftop with BBQ grill as well as cold storage in the lobby. Located on the most prime West Chelsea block, only moments from the Meatpacking District, Highline, the West Village, Chelsea Market and the Avenues School. The $25B Hudson Yards development at the northern end of West Chelsea is poised to be a massive boon to the neighborhood with 5-star dining and shopping only a short stroll away.

Last Agent to Sell the Property

Julie Pham

Compass License #30PH1054919 Listed on: 02/08/2019

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $45,804

Year Built

  • Built in 2007

Lot Details

  • 10,716

HOA Fees

  • $2,373 Monthly HOA Fees

Interior Spaces

  • 1,815 Sq Ft Home
  • City Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Balcony
  • Central Air

Listing and Financial Details

  • Tax Block 716

Community Details

Overview

  • 47 Units
  • Chelsea Modern Condos
  • Chelsea/Hudson Yards Subdivision
  • 12-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$45,804

Year Built

Built in 2007

Lot Details

0

HOA Fees

$2,373 per month

Listing Details

  • Cross Street: 9 AVENUE and 10 AVENUE
  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea/Hudson Yards
  • Entry Level: 11
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Living Area: 1815.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2373.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 92.0 x 66.0

Building Info

  • New Construction: No
  • Building Name: Chelsea Modern
  • Units: 47
  • Total Stories: 12
  • Year Built: 2007

Tax Info

  • Tax Block: 716
  • Tax Annual: 45804.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Dec 23, 2019
Sold by
S K Immobilien Holding Gmbh & Co Kg
Bought by
Bekir Eren Taha and Wang Hao
Seller's Agent
Julie Pham
Compass
List Price
$3,800,000
Sold Price
$3,025,000
Premium/Discount to List
-$775,000
-20.39%
Current Estimated Value
$3,760,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$735,713
Avg. Annual Appreciation
4.19%
Original Mortgage
$2,000,000
Outstanding Balance
$1,774,629
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$2,025,511

Purchase Details

Closed on
Oct 30, 2008
Sold by
447-453 West 18 Lp
Bought by
S K Immobilien Holding Gmbh & Co Kg
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
Bekir Eren Taha $3,025,000 --
S K Immobilien Holding Gmbh & Co Kg $3,620,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bekir Eren Taha $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $3,025,000 -20.4% $1,667 / Sq Ft
11/23/2019 11/23/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $3,800,000 -- $2,094 / 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 $50,210 $417,558 $16,509 $401,049
2024 $50,210 $401,617 $16,509 $385,108
2023 $49,040 $399,772 $16,509 $383,263
2022 $40,118 $407,180 $16,509 $390,671
2021 $47,059 $383,619 $16,509 $367,110
2020 $39,618 $424,714 $16,509 $408,205
2019 $45,810 $415,161 $16,509 $398,652
2018 $35,448 $385,272 $16,509 $368,763
2017 $34,242 $364,076 $16,509 $347,567
2016 $26,606 $393,664 $16,510 $377,154
2015 $4,950 $332,930 $16,509 $316,421
2014 $4,950 $336,360 $16,509 $319,851
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10577910

Real Estate Board of New York (REBNY)

APN: 0716-1245