NOT LISTED FOR SALE

550 W 29th St Unit 9-A New York, NY 10001

Chelsea Neighborhood

Estimated Value: $3,704,000 - $4,415,000

3 Beds
3.5 Baths
2,123 Sq Ft
$3,295/mo HOA Fee

Last Sold May 26, 2022

Last sale price $3,950,000 $1,861 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $30,139/month

27 Days on Market

Highlights

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

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.



A stunning condo graced with an array of chic fixtures and finishes, this 3-bedroom, 3.5-bathroom simplex is an exemplar of Chelsea luxury and design, spanning 2,123 square feet on a single level. Beyond a spacious foyer adorned with a large coat closet and powder room, the home flows into an enormous, open-concept living room, dining room, and kitchen. The kitchen is equipped with a penthouse sized eat-in island, custom Italian cabinetry, Pietra Cardosa countertops and a matching backsplash, Lefroy Brooks faucets, and a suite of fully integrated high-end appliances from Wolf, Sub- Zero, and Miele. The primary bedroom possesses a cavernous walk-in closet and a sublime 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 walk-in steam shower, and a separate Zuma soaking tub. Each of the remaining bedrooms have private closets and easy access to pristine full bathrooms with limestone floors and Catalano ceramic sinks.



Additional features of this 2,123 sq. ft. home include wide-plank oak flooring, energy efficient multi-zone heating and cooling, high ceilings, an in-home washer/dryer, and huge metal casement windows with southern, eastern, and western exposure.



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

Steven Gold

Corcoran Group License #10301217491 Listed on: 02/22/2022

Corcoran Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $52,080

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 7,405

HOA Fees

  • $3,295 Monthly HOA Fees

Home Design

  • 2,123 Sq Ft Home
  • Entry on the 9th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 19 Units
  • Chelsea Subdivision
  • 12-Story Property

Listing and Financial Details

  • Tax Block 00700

Property Details

Home Type

Condominium

Est. Annual Taxes

$52,080

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$3,295 per month

Listing Details

  • Cross Street: HIGH LINE and 11 AVENUE
  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 9
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Living Area: 2123.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3295.0
  • 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: 52080.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2022
Closed on
May 26, 2022
Sold by
550 West 29Th Street Llc
Bought by
Inoue Mikoto and Kim Harold
Seller's Agent
Steven Gold
Corcoran Group
List Price
$4,250,000
Sold Price
$3,950,000
Premium/Discount to List
-$300,000
-7.06%
Current Estimated Value
$4,115,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,293
Avg. Annual Appreciation
1.21%
Original Mortgage
$1,500,000
Outstanding Balance
$1,425,124
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,690,169
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
Inoue Mikoto $3,950,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inoue Mikoto $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Off Market $3,950,000 -- --
05/26/2022 05/26/22 Sold $3,950,000 -7.1% $1,861 / Sq Ft
02/22/2022 02/22/22 For Sale $4,250,000 -- $2,002 / 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 $60,316 $484,504 $49,539 $434,965
2024 $60,316 $482,451 $49,539 $432,912
2023 $58,018 $483,868 $49,538 $434,330
2022 $57,139 $478,416 $49,539 $428,877
2021 $55,007 $448,415 $49,539 $398,876
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10905790

Real Estate Board of New York (REBNY)

APN: 0700-1116