NOT LISTED FOR SALE
5 Beds
4 Baths
4,000 Sq Ft
1,520 Sq Ft Lot

Sale Details

Date Sold: December 21, 2021

Last sale price $4,185,000 $1,046 Per Sq Ft

23 Days on Market

Highlights

  • Rooftop Deck
  • City View
  • Terrace
  • P.S. 110 Florence Nightingale Rated A-
  • Pre War Building
  • 2-minute walk to Joseph C. Sauer Playground

About This Home

As of December 2021

BOHEMIAN RHAPSODY The townhouse at 502 East 11th Street was the family home and art studio of the abstract expressionist, Jay Rosenblum (1933-89). The first residence built on the block in 1836, this handsome townhouse encompasses nearly 4,000 square feet above-grade on a 19 x 80 ft lot. Here, in the fourth-floor workspace under a 10 ft. skylight and exposed beams, Rosenblum created his geometric paintings and prints to exhibit in galleries around the country; and it was here that he designed, on a grand scale, his “Visual Stripes Motif” for City Walls, Inc. to paint outside murals on building facades in New York City. The townhouse consists of 4 floors plus a full height cellar with access to the garden. The townhouse includes a deep South-facing garden, anchored by a 50 year old mulberry tree, and a roof deck which is planted with flowering plants and a cornucopia of fruit-laden bushes, vegetables, and herbs. Currently configured as 4 apartments (one per floor), the townhouse will be delivered vacant, and would make an ideal single family home. Alternatively, the potential for rental income in this prime, central East Village location (between Avenues A and B) could make it a compelling investment property. The bohemian world which Jay Rosenblum created for his family is still reflected in the decor and spirit of the home. 502 East 11th St. embraces a lifestyle and an appreciation for the unique neighborhood the East Village was--and still is today.

Last Agent to Sell the Property

Mark Amadei

Sothebys International Realty License #40AM0777567 Listed on: 08/20/2021

Sothebys International Realty

Co-Listed By

Jonathan Hettinger

Sothebys International Realty License #10401220110

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 1,520 Sq Ft Lot
  • Lot Dimensions are 19.0 x 80.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 4,000 Sq Ft Home
  • 4-Story Property
  • Wood Burning Fireplace
  • City Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Outdoor Features

  • Terrace

Listing and Financial Details

  • Tax Block 00404

Community Details

Overview

  • Alphabet City Subdivision

Amenities

  • Rooftop Deck
  • Community Garden
  • Building Terrace

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

1,520 Sq Ft Lot

Listing Details

  • Exposures: North,South,West
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Alphabet City
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 4000.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 5

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Garden, Building Roof Deck, Garden
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Area: 1520.0
  • Lot Size Dimensions: 19.0 x 80.0

Building Info

  • Units: 5
  • Total Stories: 4
  • Year Built: 1900

Tax Info

  • Tax Block: 00404

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Dec 16, 2021
Sold by
Bought by
Seller's Agent
Mark Amadei
Sothebys International Realty
List Price
$3,995,000
Sold Price
$4,185,000
Premium/Discount to List
$190,000
4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,929,500
Outstanding Balance
$2,641,399
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,185,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Open $2,929,500
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/21/2021 12/21/21 Sold $4,185,000 +4.8% $1,046 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $3,995,000 -- $999 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,302 $126,433 $8,137 $118,296
2025 $14,175 $122,417 $9,454 $112,963
2024 $14,175 $113,382 $112,950 $104,042
2023 $12,885 $105,035 $9,922 $95,113
2022 $11,899 $1,494,450 $112,950 $1,381,500
2021 $11,930 $1,195,650 $112,950 $1,082,700
2020 $11,745 $1,161,000 $112,950 $1,048,050
2019 $11,000 $967,680 $112,950 $854,730
2018 $10,276 $80,796 $11,317 $69,479
2017 $9,515 $74,812 $11,930 $62,882
2016 $9,645 $74,812 $13,150 $61,662
2015 $5,798 $72,436 $11,844 $60,592
2014 $5,798 $67,090 $13,166 $53,924
Source: Public Records

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10866790

Real Estate Board of New York (REBNY)

APN: 00404-0005

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