NOT LISTED FOR SALE

Estimated Value: $873,000 - $1,430,000

1 Bed
1 Bath
775 Sq Ft
$1,067/mo HOA Fee

Last Sold February 27, 2020

Last sale price $870,000 $1,123 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,754/month

340 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to 28 Street (4,6 Line)
  • Balcony
  • P.S. 116 Mary Lindley Murray Rated A-
  • Terrace
  • Patio

About This Home

As of February 2020

SOLD & CLOSED WITH MULTIPLE OFFERS! Soaring ceilings, bright & renovated, this 1-bed + charming terrace in prime NoMad features 12 ceilings, 11 oversized windows, open kitchen with breakfast bar, brand new bathroom with laundry and ample space for your art collection, this pin-drop quiet downtown style residence is a zen-like retreat with all the perks of boutique condominium living and low monthlies.

Prewar meets modern at the crux of Silicon Alley, NoMad's vibrant scene offers fashion, galleries, cafes and a plethora of eateries including Eataly and Michelin-rated 11 Madison Park, plus the original Shake Shack at Madison Square Park is just a few blocks away.

Park South Lofts features a caring and friendly service staff: Full time doorman, porters, handymen and full time manager ready to care for your every need. This flexible condominium permits rentals, guarantors, pieds-a-terres and is pet friendly too!

Note: There is a small assessment of $ 121 per month.

Last Agent to Sell the Property

Lydia Sussek

Douglas Elliman Real Estate License #40SU1173761 Listed on: 02/21/2019

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,296

Year Built

  • Built in 1922

HOA Fees

  • $1,067 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 775 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Terrace

Additional Features

  • Garden
  • Central Air

Community Details

  • 34 Units
  • Park South Lofts Condos
  • Flatiron Subdivision
  • 15-Story Property

Listing and Financial Details

  • Tax Block 860

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,296

Year Built

Built in 1922

Lot Details

0

HOA Fees

$1,067 per month

Listing Details

  • Cross Street: Madison Avenue & Park Avenue South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Flatiron
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 15

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 775.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony, Garden
  • Patio/Porch Features: Patio, Terrace, Balcony

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1067.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: Park South Lofts
  • Units: 34
  • Total Stories: 15
  • Year Built: 1922

Tax Info

  • Tax Block: 860
  • Tax Annual: 10296.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2019
Closed on
Feb 27, 2020
Sold by
Paolucci Ray and Paolucci Robert
Bought by
Peluso Beverly
Seller's Agent
Lydia Sussek
Douglas Elliman Real Estate
List Price
$1,100,000
Sold Price
$870,000
Premium/Discount to List
-$230,000
-20.91%
Current Estimated Value
$1,036,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,861
Avg. Annual Appreciation
1.84%
Original Mortgage
$783,000
Outstanding Balance
$696,432
Interest Rate
3.5%
Mortgage Type
Unknown
Estimated Equity
$266,727

Purchase Details

Closed on
Mar 31, 2006
Sold by
Dutta Anand B
Bought by
Paolucci Ray and Paolucci Robert

Purchase Details

Closed on
Sep 20, 2005
Sold by
Park South Lofts Llc
Bought by
Dutta Anand Bhushan and Rappaport Kara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
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
Peluso Beverly $870,000 --
Paolucci Ray $870,000 --
Dutta Anand Bhushan $661,862 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peluso Beverly $783,000
Previous Owner Dutta Anand Bhushan $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2020 02/27/20 Sold $870,000 -20.9% $1,123 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
02/21/2019 02/21/19 For Sale $1,100,000 -- $1,419 / 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 $14,534 $115,104 $24,868 $90,236
2024 $14,534 $116,256 $24,868 $91,388
2023 $11,942 $118,004 $24,868 $93,136
2022 $12,120 $120,069 $24,868 $95,201
2021 $14,340 $116,901 $24,868 $92,033
2020 $12,449 $129,481 $24,868 $104,613
2019 $11,570 $126,568 $24,868 $101,700
2018 $12,611 $122,147 $24,868 $97,279
2017 $11,150 $118,516 $24,868 $93,648
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10606831

Real Estate Board of New York (REBNY)

APN: 0860-1025