NOT LISTED FOR SALE

Estimated Value: $1,459,000 - $1,736,000

2 Beds
2 Baths
821 Sq Ft
0.64 Acres

Highlights

  • City View
  • 1-minute walk to 23 Street (N,R Line)
  • Balcony
  • Sixth Avenue Elementary School Rated A
  • 28,028 Sq Ft lot
  • 2-minute walk to Madison Square Park

About This Home

As of August 2021

16F at 5 East 22nd Street is a split two-bedroom, two-bathroom residence with a private balcony. This modern home features western exposures, which provide an abundance of sunlight and direct views of the renowned Flatiron Building. There is new hardwood flooring throughout the space, and custom cabinetry and closets allow for ample storage.

The renovated open kitchen boasts stainless steel appliances and a large island. Both bathrooms have been recently updated with tasteful, contemporary finishes. A spacious balcony offers open northern, southern, and western views of Flatiron, Midtown, and beyond.

Madison Green is a full-service condominium, complete with a gym, bike room, garage, garden, and residents' lounge perched on the 30th floor. There is laundry on every floor. Located in the heart of the Flatiron District, the building is centrally located for public transit options, as well as a variety of acclaimed restaurants and stores. Sorry, no pets are allowed.

Last Agent to Rent the Property

Adrian Noriega

Corcoran Group License #10301207954 Listed on: 06/11/2021

Corcoran Group

Co-Listed By

Natalie Eisen

Corcoran Group License #10301220998

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,416

Year Built

  • Built in 1983

Lot Details

  • 0.64

Parking

  • Garage

Home Design

  • Entry on the 16th floor

Interior Spaces

  • 821 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • West Facing Home
  • Central Air

Listing and Financial Details

  • Property Available on 8/1/21

Community Details

Overview

  • 423 Units
  • Flatiron Subdivision
  • 32-Story Property

Amenities

  • Laundry Facilities

Condo Details

Home Type

Condominium

Est. Annual Taxes

$17,416

Year Built

Built in 1983

Lot Details

0

Rental Info

  • Available Date: 2021-08-01

Listing Details

  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Flatiron
  • Entry Level: 16
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 32

Interior Features

  • Living Area: 821.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Interest: Condominium

Lot Info

  • Lot Size Area: 28028.0
  • Lot Size Dimensions: 0.64 x 0.0

Building Info

  • New Construction: No
  • Units: 423
  • Total Stories: 32
  • Year Built: 1983

Tax Info

  • Tax Block: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2010
Sold by
Herbst Deborah and Herbst Gerard
Bought by
Gandhi Eric and Gandhi She
Current Estimated Value
$1,620,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,000
Outstanding Balance
$488,141
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,132,395

Purchase Details

Closed on
Feb 23, 2005
Sold by
Madison Green Corp
Bought by
Herbst Deborah and Herbst Gerard
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
Gandhi Eric $997,000 --
Herbst Deborah $975,484 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gandhi Eric $729,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2021 08/09/21 Rented -- -- --
07/10/2021 07/10/21 Under Contract -- -- --
06/11/2021 06/11/21 For Rent $6,250 +0.8% --
09/09/2019 09/09/19 Rented -- -- --
08/10/2019 08/10/19 Under Contract -- -- --
07/12/2019 07/12/19 For Rent $6,200 -- --
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 $17,416 $142,300 $13,961 $128,339
2024 $17,416 $139,307 $13,961 $125,346
2023 $14,147 $139,788 $13,961 $125,827
2022 $13,973 $139,795 $13,961 $125,834
2021 $17,131 $139,809 $13,961 $125,848
2020 $13,803 $154,809 $13,961 $140,848
2019 $12,914 $151,324 $13,961 $137,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10819560

Real Estate Board of New York (REBNY)

APN: 0851-1140