NOT LISTED FOR SALE

550 W 29th St Unit 7D New York, NY 10001

Chelsea Neighborhood

Estimated Value: $3,175,000 - $3,694,000

3 Beds
3 Baths
1,863 Sq Ft
$2,867/mo HOA Fee

Last Sold May 27, 2022

Last sale price $3,100,000 $1,664 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $25,262/month

59 Days on Market

Highlights

  • Newly Remodeled
  • 4-minute walk to 34 St-Hudson Yards
  • South Facing Home
  • P.S. 33 Chelsea Prep Rated A
  • Terrace

About This Home

As of May 2022

IMMEDIATE OCCUPANCY

Introducing Five Five Zero, a brand new West Chelsea condominium located between the High Line and the Hudson River. Beneath a striking facade of limestone Roman bricks interspersed with massive metal casement windows, the building contains 19 stunning 3- and 4-bedroom units of remarkable quality and craftsmanship.



This stunning 3-bedroom, 3-bathroom duplex condo spans 1,863 square feet, with soaring double-height ceilings up to 20-feet and a private balcony.



Beyond a spacious foyer adorned with a large coat closet and a windowed full bathroom, the lower level of the home flows into an enormous, open-concept living room, dining room, and kitchen. The living room leads out onto the balcony, while the kitchen is equipped with an eat-in island, custom Italian cabinetry, Pietra Cardosa countertops and a matching backsplash, Lefroy Brooks faucets, and a suite of fully coherent high-end appliances from Wolf, Sub- Zero, and Miele. Completing the lower level is a large bedroom with a large reach-in closet.



The remaining two bedrooms sit on the upper level of the home. The master bedroom possesses a cavernous walkin closet, an additional reach-in closet, and a windowed en-suite bathroom with his-and-hers sinks, a custom white oak medicine cabinet, Italian Dolomite marble walls and floors, Lefroy Brooks fixtures, a large walkin steam shower, and a separate Zuma soaking tub. The second bedroom has a closet and an en-suite bathroom with limestone floors and a Catalano ceramic sink.



Additional features of this 1,863 sq. ft. apartment include wide-plank oak flooring, energy efficient multi-zone heating and cooling, 20-ft double-height ceilings, an in-home washer/dryer, floating oak stairs with an ornamental steel handrail, huge metal casement windows with southern and western exposure, and a balcony.



Five Five Zero offers residents a number of white-glove amenities that include a 24-hour attended lobby, a full-time super, a fully equipped fitness room, a sauna, a state-of-the-art security, and video intercom system, commercial-grade washers for oversized items, a bicycle room, and storage units. The building is surrounded by trendy restaurants, cafes, bars, galleries, and shops, and is around several parks and the Hudson River. Pets are welcome.



THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD17-0017.

Last Agent to Sell the Property

Bradley Cooper

Corcoran Group License #10401279193 Listed on: 03/08/2021

Corcoran Group

Co-Listed By

Steven Gold

Corcoran Group License #10301217491

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $45,324

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 7,405

HOA Fees

  • $2,867 Monthly HOA Fees

Home Design

  • 1,863 Sq Ft Home
  • Entry on the 7th floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Washer Dryer Allowed
  • Terrace
  • South Facing Home

Community Details

  • 19 Units
  • Chelsea Subdivision
  • 12-Story Property

Listing and Financial Details

  • Tax Block 00700

Property Details

Home Type

Condominium

Est. Annual Taxes

$45,324

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$2,867 per month

Listing Details

  • Cross Street: HIGH LINE and 11 AVENUE
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 7
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1863.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2867.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 19
  • Total Stories: 12
  • Year Built: 2018

Tax Info

  • Tax Block: 00700
  • Tax Annual: 45324.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
May 26, 2022
Sold by
550 West 29Th Street Llc
Bought by
Cai Manli
Seller's Agent
Bradley Cooper
Corcoran Group
List Price
$3,375,000
Sold Price
$3,100,000
Premium/Discount to List
-$275,000
-8.15%
Current Estimated Value
$3,409,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$309,179
Avg. Annual Appreciation
2.84%
Original Mortgage
$1,000,000
Outstanding Balance
$951,338
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,457,841
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
Cai Manli $3,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cai Manli $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Off Market $3,100,000 -- --
06/12/2022 06/12/22 Off Market $3,295,000 -- --
05/27/2022 05/27/22 Sold $3,100,000 -8.1% $1,664 / Sq Ft
01/20/2022 01/20/22 For Sale $3,375,000 -- $1,812 / 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 $52,492 $421,656 $43,113 $378,543
2024 $52,492 $419,868 $43,113 $376,755
2023 $49,328 $421,101 $43,112 $377,989
2022 $49,857 $416,357 $43,113 $373,244
2021 $47,872 $390,248 $43,113 $347,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10906896

Real Estate Board of New York (REBNY)

APN: 0700-1115