NOT LISTED FOR SALE

Estimated Value: $4,532,000 - $7,467,000

3 Beds
3 Baths
2,482 Sq Ft
$3,888/mo HOA Fee

Last Sold June 30, 2023

Last sale price $7,200,000 $2,901 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $44,465/month

30 Days on Market

Highlights

  • Rooftop Deck
  • 2-minute walk to 23 Street (N,R Line)
  • Galley Kitchen
  • Sixth Avenue Elementary School Rated A
  • River View
  • 4-minute walk to Madison Square Park

About This Home

As of June 2023

Welcome to 48A at Madison Square Park Tower, offering the most breathtaking views of New York City.

This luxurious half-floor residence boasts three bedrooms, three bathrooms, and 2,482 square feet of designer finishes, creating one of the most spectacular homes available.

As you step off the semi-private elevator landing and into the residence, you'll be welcomed into an impressive 32-foot long corner Great Room, perfect for hosting grand-scale entertaining and dining. Floor-to-ceiling windows frame iconic western and northern views, including The Empire State Building, Chrysler Building, Flatiron Building, Clock Tower, One Vanderbilt, Hudson River, and more. The windowed galley kitchen boasts equally impressive vistas, with solid oak lower cabinets, contoured marble countertops, and white lacquer upper cabinetry. Top-of-the-line features abound in the kitchen, with Nanz hardware and premium Sub-Zero and Miele appliances. Enjoy a quick bite at the spacious counter with comfortable stools, or entertain guests in style at the stunning wet bar, featuring solid oak paneling, a marble countertop, and a Sub-Zero wine refrigerator - the perfect spot for whipping up cocktails or serving up your finest vintage.

Relax in the primary bedroom suite, occupying the South West corner of the apartment and offering sweeping Downtown and Hudson river views. The en-suite bathroom features an oversized Waterworks shower, double vanity, separate water closet, radiant heat floors, and a soaking tub perfectly positioned near a window. A custom walk-in closet with showroom style LED lighting completes the primary suite. Two additional well-appointed bedrooms boast custom closets, en-suite baths and their own distinct views to the North and West, further enhancing the captivating panorama from this remarkable residence. A proper laundry area, and Kraus home automation add to the convenience and comfort of this magnificent home.

Madison Square Park Tower, built-in 2016, offers 24-hour doorman and concierge service, a live-in resident manager, and five floors of luxurious amenities. Enjoy a fitness center with a private training area, a sports simulator, basketball court, children's playroom, library, billiards, and cards rooms, and a terrace with an outdoor grill. Two gracious common entertaining spaces include a 54th floor social lounge with private dining, a demonstration kitchen, and extraordinary panoramic views. Resident storage, a package room, and an onsite parking garage provide additional convenience.

This remarkable home offers the best of Midtown-meets-Downtown living, with Madison Square Park just steps away and easy access to Gramercy, NoMad, Union Square, Chelsea, and Greenwich Village. Award-winning dining, fantastic Fifth Avenue shopping, and gourmet food stores such as Eataly, Whole Foods, Trader Joe's, and Morton Williams are all within close proximity.

Co-Listed By

Adrian Radomski

Compass License #10401266904

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $60,096

Year Built

  • Built in 2016

HOA Fees

  • $3,888 Monthly HOA Fees

Parking

  • Garage

Property Views

  • River

Home Design

  • Entry on the 48th floor

Interior Spaces

  • 2,482 Sq Ft Home
  • Entrance Foyer
  • Galley Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 00851

Community Details

Overview

  • 83 Units
  • Flatiron Subdivision
  • 65-Story Property

Amenities

  • Rooftop Deck
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$60,096

Year Built

Built in 2016

Lot Details

0

HOA Fees

$3,888 per month

Listing Details

  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Flatiron
  • Entry Level: 48
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 65

Interior Features

  • Interior Features: Entrance Foyer, Galley Kitchen
  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 2482.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • View: City, River
  • View: Yes
  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3888.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Area: 5917.0
  • Lot Size Dimensions: 75.0 x 98.75

Building Info

  • New Construction: No
  • Units: 83
  • Total Stories: 65
  • Year Built: 2016

Tax Info

  • Tax Block: 00851
  • Tax Annual: 60096.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
Jun 15, 2023
Sold by
45 East 22Nd Street Llc
Bought by
Bcs 2023 Revocable Trust and Larry Tetelman As Trustee
List Price
$7,400,000
Sold Price
$7,200,000
Premium/Discount to List
-$200,000
-2.7%
Views
57
Current Estimated Value
$6,456,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$743,108
Avg. Annual Appreciation
-4.38%

Purchase Details

Listed on
May 8, 2017
Closed on
Aug 14, 2017
Sold by
45 East 22Nd Street Property Llc and % The Continuum Company Llc
Bought by
45 East 22Nd Street Llc
Seller's Agent
Fredrik Eklund
Douglas Elliman Real Estate
List Price
$9,550,000
Sold Price
$9,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.69%
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
Bcs 2023 Revocable Trust $7,200,000 --
45 East 22Nd Street Llc $9,550,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold $7,200,000 -2.7% $2,901 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $7,400,000 -22.5% $2,981 / Sq Ft
08/14/2017 08/14/17 Sold $9,550,000 0.0% $3,848 / Sq Ft View Prior Sale
07/15/2017 07/15/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $9,550,000 -- $3,848 / 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 $78,946 $571,690 $26,719 $544,971
2024 $78,946 $631,467 $26,719 $604,748
2023 $77,295 $630,109 $26,719 $603,390
2022 $77,028 $631,140 $26,719 $604,421
2021 $73,600 $599,986 $26,719 $573,267
2020 $80,380 $664,258 $26,719 $637,539
2019 $81,085 $649,321 $26,719 $622,602
2018 $75,783 $606,571 $26,719 $579,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10862669

Real Estate Board of New York (REBNY)

APN: 0851-2165