NOT LISTED FOR SALE

550 W 29th St Unit PHB New York, NY 10001

Chelsea Neighborhood

Estimated Value: $3,676,000 - $8,976,990

4 Beds
4.5 Baths
3,290 Sq Ft
$5,420/mo HOA Fee

Last Sold December 23, 2021

Last sale price $7,700,000 $2,340 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $51,719/month

356 Days on Market

Highlights

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

About This Home

As of December 2021

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 staggering penthouse duplex marked by proportions and elegance, this 4-bedroom, 4.5-bathroom home with a large terrace that blends stunning Hudson River views with an array of luxurious fixtures and finishes spread across 3,290 interior square feet and 541 exterior square feet.

As you step off an elevator that opens directly into the lower level of your penthouse, you are immediately captured by a spacious terrace strategically located on the entertaining floor. You have a large coat closet to your right and a bonus room with an en-suite bathroom that can act as a fourth bedroom or media room. As you turn left off the elevator you enter a grand double-height living room facing west with a stunning fireplace and jaw-dropping views of the Hudson River. Beyond the living room, you have a stunning windowed kitchen equipped with a massive 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 in addition to a powder room.

Three of the 4 bedrooms sit on the upper level of the home. The primary suite has dual closets and a sublime en-suite bathroom with dual sinks, a custom white oak medicine cabinet, Italian Dolomite marble walls and floors, Lefroy Brooks fixtures, a large steam shower, and a separate Zuma soaking tub. Each of the secondary bedrooms has a closet and easy access to a pristine full bathroom with limestone floors and a Catalano ceramic sink.

Additional features of this 3,290 sq. ft. apartment include wide-plank oak flooring, energy-efficient multi-zone heating and cooling, an in-home vented washer/dryer, key-locked elevator access, a gas-burning fireplace, huge metal casement windows with northern, southern, and western exposure, and a 541 square foot terrace.

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: 11/10/2020

Corcoran Group

Co-Listed By

Bradley Cooper

Corcoran Group License #10401279193

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $85,668

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 7,405

HOA Fees

  • $5,420 Monthly HOA Fees

Interior Spaces

  • 3,290 Sq Ft Home
  • Entrance Foyer
  • Den
  • City Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Terrace
  • Central Air

Listing and Financial Details

  • Tax Block 700

Community Details

Overview

  • 19 Units
  • Chelsea/Hudson Yards Subdivision
  • 12-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$85,668

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$5,420 per month

Listing Details

  • Cross Street: HIGH LINE and 11 AVENUE
  • Exposures: North,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea/Hudson Yards
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 12

Interior Features

  • Interior Features: Den, Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Living Area: 3290.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Dining Room Type: Den

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 4

Exterior Features

  • View: City
  • View: Yes
  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5420.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 98.0 x 75.0

Building Info

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

Tax Info

  • Tax Block: 700
  • Tax Annual: 85668.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2021
Sold by
550 West 29Th Street Llc
Bought by
Richard Ruderman As Trustee and The 550 Arcmj Revocable Trust
Current Estimated Value
$6,799,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,546,549
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,252,949
Source: Public Records

Range of Values:

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Average Value
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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
Richard Ruderman As Trustee $8,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richard Ruderman As Trustee $5,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2021 12/23/21 Sold $7,700,000 -9.4% $2,340 / Sq Ft
11/10/2020 11/10/20 For Sale $8,495,000 -- $2,582 / 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 $124,276 $998,277 $102,071 $896,206
2024 $124,276 $994,046 $102,071 $891,975
2023 $124,641 $996,968 $102,071 $894,897
2022 $118,038 $985,731 $102,071 $883,660
2021 $113,337 $923,917 $102,071 $821,846
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10681663

Real Estate Board of New York (REBNY)

APN: 0700-1120