NOT LISTED FOR SALE

Estimated Value: $4,981,000 - $7,812,000

3 Beds
3.5 Baths
2,476 Sq Ft
$4,053/mo HOA Fee

Last Sold June 28, 2024

Last sale price $7,550,000 $3,049 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $43,178/month

320 Days on Market

Highlights

  • Home Theater
  • New Construction
  • Home Gym
  • P.S. 11 Sarah J. Garnet School Rated A
  • Terrace
  • 1-minute walk to Chelsea Waterside Park

About This Home

As of June 2024

Private In-Person & Virtual Appointments Available – Immediate Occupancy.

Inspired by West Chelsea’s historical architecture and rich heritage, The Cortland, located at 555 W 22nd Street, is striking a new presence on the Hudson waterfront. Hand-crafted and American-made, The Cortland represents a unique collaboration between two architectural icons, Robert A.M. Stern Architects and Olson Kundig. Uniting elegant design and exceptional attention to detail, The Cortland is a building that will stand for generations to come.

Residence 12AE is a 2,476 SF duplex residence with three bedrooms and three-and-a-half bathrooms. The 166 SF private terrace has views of the Hudson River facing west and city skyline views facing north. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 20-foot corner great room, warm wood flooring, and floor-to-ceiling windows.

The amenity program is the heart of the residential experience at The Cortland. Designed by Olson Kundig and curated by Related Life, the amenities have all the style and sophistication of a private members club in the city.

Developed by Related. The listing images represent various units in the building.
The complete offering terms are in the offering plan available from Sponsor. File No. CD 19-0409.

Last Agent to Sell the Property

The Cortland Sales Office

CORE Group Marketing LLC Listed on: 06/20/2023

CORE Group Marketing LLC

Co-Listed By

Shaun Osher

CORE Group Marketing LLC License #49OS1065721

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $56,304

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 4,792

HOA Fees

  • $4,053 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 2,476 Sq Ft Home
  • Entrance Foyer
  • Home Theater
  • Storage
  • Laundry in unit
  • Home Gym
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Terrace
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 0005 / 00694

Community Details

Overview

  • 144 Units
  • The Cortland Condos
  • Chelsea Subdivision
  • Property has 2 Levels

Amenities

  • Building Terrace

Property Details

Home Type

Condominium

Est. Annual Taxes

$56,304

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$4,053 per month

Listing Details

  • Exposures: East,North,West
  • Property SubType: Duplex
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 12
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Duplex
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Features: Entrance Foyer, Eat-in Kitchen, Elevator, Kitchen Window, Storage
  • Appliances: Dishwasher
  • Fireplace: No
  • Living Area: 2476.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5
  • Dining Room Type: Gym, Media Room

Beds/Baths

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

Exterior Features

  • View: Water
  • View: Yes
  • Other Structures: Garage(s)
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common On Floor, In Unit
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4053.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 4937.0
  • Lot Size Dimensions: 50.0 x 98.75

Building Info

  • New Construction: Yes
  • Building Name: The Cortland
  • Units: 144
  • Total Stories: 25
  • Year Built: 2022

Rental Info

  • Furnished: Unfurnished
  • Owner Pays: None

Tax Info

  • Tax Block: 00694
  • Tax Lot: 0005
  • Tax Annual: 56304.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2023
Closed on
Jun 28, 2024
Sold by
22Nd And 11Th Associates Llc
Bought by
Abali Inc
Seller's Agent
The Cortland Sales Office
CORE Group Marketing LLC
List Price
$7,950,000
Sold Price
$7,550,000
Premium/Discount to List
-$400,000
-5.03%
Views
41
Current Estimated Value
$6,199,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,350,639
Avg. Annual Appreciation
-14.37%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Abali Inc $7,550,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $7,550,000 -5.0% $3,049 / Sq Ft
05/06/2024 05/06/24 Pending -- -- --
10/26/2023 10/26/23 For Sale $7,950,000 0.0% $3,211 / Sq Ft
10/26/2023 10/26/23 Off Market $7,950,000 -- --
06/20/2023 06/20/23 For Sale $7,950,000 -- $3,211 / 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 $64,155 $519,638 $36,231 $483,407
2024 $64,155 $513,156 $36,231 $476,926
2023 $61,706 $493,566 $32,942 $460,624
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10976869

Real Estate Board of New York (REBNY)

APN: 0694-1203