NOT LISTED FOR SALE

Estimated Value: $2,938,000 - $4,351,000

2 Beds
2 Baths
1,577 Sq Ft
$3,167/mo HOA Fee

Last Sold December 28, 2016

Last sale price $3,900,000 $2,473 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $25,026/month

313 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to Lexington Avenue-59 Street
  • 4-minute walk to Grand Army Plaza
  • East Side Elementary School, P.S. 267 Rated A
  • Laundry Facilities

About This Home

As of December 2016

Overlook elegant Park Avenue and stunning architecture from oversized light-filled windows, and from your own Juliette balcony that stretches across the entire expanse of this luxurious 2 bedroom 2 bathroom apartment in a prewar Upper East Side condo. The long and lovely Juliet balcony that can be accessed from multiple glass French doors found in the huge living room, open dining area, master bedroom, master bath and second bedroom. Other exclusive features include loft-like 10'5 ceilings, original prewar moldings and details, and an incredibly spacious, versatile layout that allows for various floorplan options to customize space for your needs. Entertaining is seamless and stylish, with the convenience of a service area, service elevator, large butler's pantry and staff quarters off the kitchen.

Located near Central Park in one of Manhattan's most sought-after neighborhoods, 521 Park Avenue was designed by architect William A. Boring, built in 1911 and converted to a condominium in 1987. This intimate full-service luxury prewar building offers white-glove doorman service and welcomes your pet companions. The premier address at 60th Street and Park Avenue is minutes from fine names like Barney's, Bloomingdales, the Regency and Pierre Hotels, upscale restaurants and abundant transportation.

Last Agent to Sell the Property

Florencia Kaufmann

Douglas Elliman Real Estate License #10301207967 Listed on: 01/14/2016

Douglas Elliman Real Estate

Co-Listed By

Patricia Vance

Douglas Elliman Real Estate License #30VA0900853

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,492

Year Built

  • Built in 1911

Lot Details

  • 6,011

HOA Fees

  • $3,167 Monthly HOA Fees

Home Design

  • 1,577 Sq Ft Home
  • Pre War Building
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • No Cooling

Community Details

Overview

  • 33 Units
  • 521 Park Ave. Condo
  • Upeast Subdivision
  • 12-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,492

Year Built

Built in 1911

Lot Details

0

HOA Fees

$3,167 per month

Listing Details

  • Cross Street: corner 60th St
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: UPEAST
  • Architectural Style: Prewar
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1577.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3167.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: 521 PARK AVE. CONDO
  • Units: 33
  • Total Stories: 12
  • Year Built: 1911

Tax Info

  • Tax Block: 0
  • Tax Annual: 21492.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2018
Sold by
Karabag Mehmet Can and % : Cmb Realty
Bought by
Tulum Investors Llc
Current Estimated Value
$3,470,000

Purchase Details

Listed on
Jan 14, 2016
Closed on
Dec 28, 2016
Sold by
New York Expertise Development Ltd
Bought by
Karabag Mehmet C
Seller's Agent
Florencia Kaufmann
Douglas Elliman Real Estate
List Price
$4,500,000
Sold Price
$3,900,000
Premium/Discount to List
-$600,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.32%
Original Mortgage
$2,730,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 1994
Sold by
525 Park Avenue Associates
Bought by
New York Expertise Development Ltd
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
Tulum Investors Llc $4,300,000 --
Karabag Mehmet C $3,900,000 --
New York Expertise Development Ltd -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karabag Mehmet C $2,730,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2016 12/28/16 Sold $3,900,000 -13.3% $2,473 / Sq Ft
11/28/2016 11/28/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $4,500,000 -- $2,854 / 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 $41,533 $338,262 $47,287 $290,975
2024 $41,533 $332,210 $47,287 $284,923
2023 $39,944 $325,624 $47,287 $278,337
2022 $38,916 $318,916 $47,287 $271,629
2021 $39,544 $322,362 $47,287 $275,075
2020 $41,220 $357,058 $47,287 $309,771
2019 $38,685 $349,029 $47,287 $301,742
2018 $35,900 $336,841 $47,287 $289,554
2017 $32,682 $313,239 $47,287 $265,952
2016 $30,291 $296,207 $47,287 $248,920
2015 $15,001 $238,380 $47,287 $191,093
2014 $15,001 $226,651 $47,287 $179,364
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10038385

Real Estate Board of New York (REBNY)

APN: 1395-1112