NOT LISTED FOR SALE

Estimated Value: $4,418,220

12 Beds
9 Baths
-- Sq Ft
2,004 Sq Ft Lot

Last Sold August 22, 2018

Last sale price $6,288,000

Est. 30% decrease in value since last sale

Current estimated payment $30,702/month

97 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to 96 Street (A,B,C Line)
  • 4-minute walk to Sol Bloom Playground
  • P.S. 163 - Alfred E. Smith Rated A

About This Home

As of August 2018

49 West 94th Street is a classic 20 foot wide, multi-family brownstone located in the middle of Central Park block between Central Park West and Columbus Avenue. The building is being sold with five(5) free market apartments and one (1) rent controlled unit located on the parlor floor. The property has approximately 6,060 square feet above grade, 1,235 below grade, and 1,026 square feet of outdoor space. Allowed useable floor area allows for extra 866 SF to add to your rooftop or back extension.Most of the six(6) units in this multifamily building were recently gut renovated with top-of-the-line finishes, including new kitchens with granite and quartz countertops and stainless steel appliances, marble bathrooms, wood-flooring and recessed lighting. Of the six(6) apartments, two units on the top floor are one-bedrooms, two(2) units are floor-through 3 bedrooms/2 baths, 1 unit is floor-through 2 bedroom/1 bath with deck, and garden duplex offers 2 bedrooms plus office and recreation room with a beautiful back garden. All of the units have wood-burning fireplaces and are individually metered for electric and gas.The breathtaking tree-lined street is surrounded by private schools such as Columbia Grammar & Preparatory School, Dwight School and Trevor Day Lower School. Centrally located to multiple subway lines with express stops on 96 street, cross town bus, The Jacqueline Kennedy Onassis Reservoir , shopping( Fairway, Zabars, West Side Market, Saks 5th Avenue, Bloomingdales), gyms( Equinox, SoulCycle, New York Sports Club), numerous restaurants, theaters, museums, Central Park and Riverside Park, the location is superior. 49 West 94th Street is ideal for reliable investor income, owner occupancy, or eventual conversion to a single-family home. Live-in owner can move into garden duplex right away, or re-imagine top floors duplex or triplex overtime, all while collecting rent from other floors to offset the taxes. Architect plans for top floors duplex ready for filing will be included with the sale of this property. The trophy asset has upside in the rents and intrinsic value with an entrance to Central Park on West 93rd Street and CPW.Setup, income and expenses and rent roll information are available. Top 2 floors and garden duplex can be delivered vacant, free-market middle floor lease is expiring in July 2019. Showings are by appointment only. OWNER/BROKER.

Last Agent to Sell the Property

Olga Steinberg

Corcoran Group License #10301219842 Listed on: 04/16/2018

Corcoran Group

Co-Listed By

Roxana Dorneanu

Corcoran Group License #30DO0897085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $79,544

Year Built

  • Built in 1900

Lot Details

  • 2,004

Home Design

  • Pre War Building

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Bathrooms

Community Details

  • 6 Units
  • Upper West Side Subdivision

Listing and Financial Details

  • Tax Block 1208

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$79,544

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Cross Street: CPW & COLUMBUS
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Upper West Side
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Rooms (Total): 20

Beds/Baths

  • Bathrooms Integer: 9
  • Bedrooms: 12

Building Info

  • Units: 6
  • Year Built: 1900

Tax Info

  • Tax Block: 1208

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
Aug 22, 2018
Sold by
Steinberg Olga and Steinberg William
Bought by
Churton Properties Llc
Seller's Agent
Olga Steinberg
Corcoran Group
List Price
$6,288,000
Sold Price
$6,288,000
Current Estimated Value
$4,418,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,869,780
Avg. Annual Appreciation
-5.22%
Original Mortgage
$2,064,488
Outstanding Balance
$1,800,356
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,517,045

Purchase Details

Closed on
Jan 26, 2007
Sold by
Gagen Joseph and Gagen Vera
Bought by
Gagen Joseph and Gagen Vera

Purchase Details

Closed on
Jan 8, 1999
Sold by
Gagen Vera
Bought by
Gagen Vera and Gagen Joseph

Purchase Details

Closed on
May 24, 1996
Sold by
Emif Arizona Ltd Partnership Ii
Bought by
Gagen Vera
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
Churton Properties Llc $5,900,000 --
Churton Properties Llc $5,900,000 --
Gagen Joseph $186,506 --
Gagen Joseph $186,506 --
Gagen Vera -- First American Title Ins Co
Gagen Vera -- First American Title Ins Co
Gagen Vera $400,000 --
Gagen Vera $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Churton Properties Llc $2,064,488
Closed Churton Properties Llc $2,064,488
Previous Owner Steinberg Olga $29,818
Previous Owner Gagen Joseph $392,535
Previous Owner Gagen Joseph $570,347
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2018 08/22/18 Sold $6,288,000 0.0% --
07/23/2018 07/23/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $6,288,000 -- --
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 $79,544 $636,255 $131,764 $504,491
2024 $79,544 $636,254 $375,750 $478,137
2023 $75,624 $616,487 $183,845 $432,642
2022 $69,832 $1,530,900 $375,750 $1,155,150
2021 $64,841 $1,436,850 $375,750 $1,061,100
2020 $61,046 $1,541,700 $375,750 $1,165,950
2019 $61,726 $1,522,350 $375,750 $1,146,600
2018 $60,316 $474,221 $118,343 $355,878
2017 $55,852 $439,125 $123,917 $315,208
2016 $52,419 $406,599 $126,494 $280,105
2015 $22,688 $376,482 $127,738 $248,744
2014 $22,688 $376,482 $153,273 $223,209
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10055502

Real Estate Board of New York (REBNY)

APN: 1208-0015