NOT LISTED FOR SALE

48 Hester St Unit 7E New York, NY 10002

Chinatown Neighborhood

Estimated Value: $803,000 - $1,122,000

2 Beds
1 Bath
791 Sq Ft
$433/mo HOA Fee

Last Sold September 01, 2022

Last sale price $789,000 $997 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,686/month

35 Days on Market

Highlights

  • Garage
  • 2-minute walk to East Broadway
  • 3-minute walk to Captain Jacob Joseph Playground
  • P.S. 42 Benjamin Altman Rated A

About This Home

As of September 2022

SUNDAY OPEN HOUSES ARE BY APPOINTMENT AND SLOTS MUST BE BOOKED IN ADVANCE

Prime LES 2 bedroom condo in elevator building. Eastern and western exposures for excellent morning and afternoon light! Living/dining plus and an adjacent sun room which can be combined to make an even larger great room with two opposing walls of windows! Low common charges and taxes.

Just around the corner from the F train at East Broadway as well as redone Seward Park. Two blocks to Essex Crossing with all new Essex market, Market Line, Trader Joe's & Regal Cinemas! Stroll to numerous great restaurants, cafs, and galleries. Value and location!

Note: Original condo Offering plan has square footage at 688. Two enclosed balconies add an additional 103 of interior square footage.

Last Agent to Sell the Property

Jeremy Bolger

Brown Harris Stevens Residential Sales LLC License #40BO1039314 Listed on: 05/13/2022

Brown Harris Stevens Residential Sales LLC

Co-Listed By

Neal Young

Brown Harris Stevens Residential Sales LLC License #40YO0988028

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,764

Year Built

  • Built in 1988

HOA Fees

  • $433 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 791 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Community Details

  • 35 Units
  • Kwok Wah House Condos
  • Lower East Side Subdivision
  • 9-Story Property

Listing and Financial Details

  • Tax Block 1138

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,764

Year Built

Built in 1988

Lot Details

0

HOA Fees

$433 per month

Listing Details

  • Cross Street: Essex & Ludlow Sts.
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lower East Side
  • Entry Level: 7
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 9

Interior Features

  • Living Area: 791.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Garage/Parking

  • Garage: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 433.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: KWOK WAH HOUSE
  • Units: 35
  • Total Stories: 9
  • Year Built: 1988

Tax Info

  • Tax Block: 1138
  • Tax Annual: 10764.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Sep 1, 2022
Sold by
He Deric Jianye and Ho Jian Kang
Bought by
Mireles Christopher
Seller's Agent
Jeremy Bolger
Brown Harris Stevens Residential Sales LLC
List Price
$779,000
Sold Price
$789,000
Premium/Discount to List
$10,000
1.28%
Views
2
Current Estimated Value
$924,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,222
Avg. Annual Appreciation
4.32%
Original Mortgage
$591,750
Outstanding Balance
$565,793
Interest Rate
4.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$328,505

Purchase Details

Closed on
Feb 23, 2004
Sold by
Ho Jin Chai and Ho Tung Shing
Bought by
He Deric Jianye and Ho Jian Kang

Purchase Details

Closed on
Aug 19, 1996
Sold by
He Simon and He Jian Ren
Bought by
Ho Tung Shing and Ho Jin Chai
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
Mireles Christopher $789,000 --
Mireles Christopher $789,000 --
He Deric Jianye -- --
He Deric Jianye -- --
Ho Tung Shing -- Chicago Title Insurance Co
Ho Tung Shing -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mireles Christopher $591,750
Closed Mireles Christopher $591,750
Previous Owner He Deric Jianye $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $789,000 +1.3% $997 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $779,000 -- $985 / 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 $14,321 $116,831 $12,454 $104,377
2024 $14,321 $114,553 $12,454 $102,099
2023 $11,324 $111,894 $12,454 $99,440
2022 $11,168 $112,978 $12,454 $100,524
2021 $13,110 $109,582 $12,454 $97,128
2020 $10,795 $122,892 $12,454 $110,438
2019 $10,120 $113,868 $12,454 $101,414
2018 $11,576 $114,692 $12,453 $102,239
2017 $10,627 $99,555 $12,453 $87,102
2016 $9,764 $87,507 $12,453 $75,054
2015 $4,699 $83,901 $12,454 $71,447
2014 $4,699 $84,902 $12,453 $72,449
Source: Public Records

Agents Affiliated with this Home

  • Jeremy Bolger

    Seller's Agent in 2022

    Jeremy Bolger

    Brown Harris Stevens Residential Sales LLC

    (917) 596-0356

    2 in this area

    155 Total Sales

    Section Image
  • Neal Young

    Seller Co-Listing Agent in 2022

    Neal Young

    Brown Harris Stevens Residential Sales LLC

    (212) 381-6510

    2 in this area

    151 Total Sales

    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10793407

Real Estate Board of New York (REBNY)

APN: 0297-1137

New York New York County New York 10002 Chinatown

48 Hester St Unit 7E, New York, NY

This home is located at 48 Hester St Unit 7E, New York, NY 10002 since 13 May 2022 and is currently estimated at $922,678, approximately $1,166 per square foot. This property was built in 1988. 48 Hester St Unit 7E is a home located in New York County with nearby schools including P.S. 42 Benjamin Altman, Anna Silver Elementary, and The STAR Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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