NOT LISTED FOR SALE

Estimated Value: $711,000 - $1,123,557

1 Bed
1.5 Baths
876 Sq Ft
$1,195/mo HOA Fee

Last Sold June 01, 2022

Last sale price $1,038,000 $1,185 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,778/month

27 Days on Market

Highlights

  • South Facing Home
  • 2-minute walk to 5 Avenue-Bryant Park
  • 4-minute walk to MMC Plaza
  • P.S. 116 Mary Lindley Murray Rated A-

About This Home

As of June 2022

Enjoy middle-of-it-all excitement and boutique building serenity in this gorgeous loft-like one-bedroom, one-and-a-half-bathroom home in a contemporary Midtown condominium.



Arrive at this expansive 876-square-foot residence via a semi-private elevator landing shared by just one other unit. Inside, a wall of south-facing windows immediately ties the home to its iconic Manhattan surroundings. New plank floors with character and soaring ceilings amplify the light airiness, while the just shy of 30-foot-long living space provides a generous footprint for seating, dining and home office areas alongside dazzling architectural views. Head to the open Bulthaup kitchen to discover glossy lacquer cabinetry, wide countertops and upscale stainless-steel appliances. A large coat closet and chic powder room add convenience near the entry. The sizeable bedroom can easily accommodate a desk or seating area alongside oversized windows, while two roomy closets attend to wardrobe needs. In the en suite spa bathroom, you'll find beautiful floor-to-ceiling tile, a large tub/shower, floating vanity, and Toto Neorest commode. Central HVAC and an in-unit washer-dryer complete this peaceful urban sanctuary.



Number 5 is a sleek, modern condominium by Philip Johnson-Alan Ritchie Architects design collection that cuts a striking figure against the traditional buildings of Midtown. Residents of the boutique enjoy full-time doorman service weekdays from 7 a.m. to 11 p.m. and weekends from 9:30 a.m. to 9:30 p.m., plus a virtual doorman system and live-in superintendent.



In this superb Midtown location, you're surrounded by the absolute best of Manhattan living, including world-class dining, nightlife, shopping, and entertainment. Explore nearby Bryant Park's greenery and year-round calendar of events, or peek inside the legendary main branch of the New York Public Library. The Theater District, Madison Square Garden and Whole Foods are within easy reach, and Grand Central terminal offers a wonderful food hall, Apple Store, Oyster Bar and more. Transportation options are abundant with 4/5/6, S, 7, B/D/F/M, E and N/Q/R/W subway lines, Metro-North trains, excellent bus service, CitiBikes, the FDR and Queens-Midtown Tunnel all nearby.

Last Agent to Sell the Property

Kelly Scher

Corcoran Group License #30ZI0937376 Listed on: 02/24/2022

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,568

Year Built

  • Built in 2009

HOA Fees

  • $1,195 Monthly HOA Fees

Home Design

  • 876 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom

Additional Features

  • Washer Dryer Allowed
  • South Facing Home

Community Details

  • 23 Units
  • Number 5 Condos
  • Middle East Side Subdivision
  • 21-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,568

Year Built

Built in 2009

Lot Details

0

HOA Fees

$1,195 per month

Listing Details

  • Cross Street: 5 AVENUE and MADISON AVENUE
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Middle East Side
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 876.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1195.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: NUMBER 5
  • Units: 23
  • Total Stories: 21
  • Year Built: 2009

Tax Info

  • Tax Block: NA
  • Tax Annual: 14568.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Jun 1, 2022
Sold by
Cho Gene
Bought by
Li Menghan
Seller's Agent
Kelly Scher
Corcoran Group
List Price
$1,050,000
Sold Price
$1,038,000
Premium/Discount to List
-$12,000
-1.14%
Current Estimated Value
$973,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$64,861
Avg. Annual Appreciation
0.01%
Original Mortgage
$830,400
Outstanding Balance
$791,450
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$246,853

Purchase Details

Closed on
Apr 13, 2010
Sold by
Five East 44Th Llc
Bought by
Cho Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
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
Li Menghan $1,038,000 --
Cho Gene $948,578 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Menghan $830,400
Previous Owner Cho Gene $10,543
Previous Owner Cho Gene $9,360
Previous Owner Cho Gene $470,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Off Market $1,038,000 -- --
06/01/2022 06/01/22 Sold $1,038,000 -1.1% $1,185 / Sq Ft
02/24/2022 02/24/22 For Sale $1,050,000 -- $1,199 / 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 $15,356 $123,178 $21,960 $101,218
2024 $15,356 $122,830 $21,960 $100,870
2023 $14,992 $122,212 $21,960 $100,252
2022 $14,449 $118,097 $21,960 $96,137
2021 $14,387 $117,280 $21,960 $95,320
2020 $13,078 $131,365 $21,960 $109,405
2019 $12,767 $124,859 $21,960 $102,899
2018 $10,662 $123,815 $21,960 $101,855
2017 $10,036 $119,246 $21,960 $97,286
2016 $7,951 $115,540 $21,960 $93,580
2015 $3,263 $111,879 $21,960 $89,919
2014 $3,263 $103,573 $21,960 $81,613
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10774790

Real Estate Board of New York (REBNY)

APN: 1279-1004