NOT LISTED FOR SALE

Estimated Value: $2,882,000 - $5,685,000

4 Beds
4 Baths
3,864 Sq Ft
$1,210/Sq Ft Est. Value

Last Sold January 22, 2020

Last sale price $5,220,000 $1,351 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $25,678/month

559 Days on Market

Highlights

  • Pre War Building
  • 2-minute walk to Spring Street (A,C,E Line)
  • 2-minute walk to Vesuvio Playground
  • P.S. 3 Charrette School Rated A
  • Wood Burning Fireplace

About This Home

As of January 2020

As one of the oldest surviving homes in all of Manhattan, historic 57 Sullivan Street provides a rare and unique opportunity to acquire a gorgeous three-family investment property or to convert the 21-foot-wide



Currently configured as an owner's duplex with basement plus two expansive one-bedroom units on the upper floors, the building has been beautifully maintained over the years and features both historic details and modern updates. Arrive at the duplex through iconic arched doorway to find an open-plan great room filled with sunlight and charm. The wood-burning brick fireplace and ceiling medallion nod to a bygone era, but the open kitchen is ready for the demands of a modern chef with abundant cabinetry and stainless steel appliances. The expansive bedroom is placed at the rear of the home and features another brick fireplace, two large closets, delightful garden views and a door leading to the fairy tale outdoor space. There's extra closet space and a full bathroom on this level, while downstairs, the basement features another full bathroom. Lined by stone walls and flooring, this cozy lower level includes an oversized media room, plus a large den, office and storage.



The large upper level apartments are equal in size and finish to the owner's duplex upper level, with open plan living, updated kitchens, large bedrooms, fireplaces and exposed brick. The top-floor unit is illuminated by large skylights. Currently occupied, these units can be delivered vacant. An extremely low tax rate adds to the building's abundant appeal.



A stellar example of Federal style architecture, 57 Sullivan Street boasts a handsome Flemish-bond brick facade with incised brownstone detailing. Built in 1816, the building's occupants have reflected the composition of its Lower Manhattan neighborhood throughout its 200-year history ? from its initial tradesman single-family residents to its later conversion to multi-family use by immigrant families. Set on the border of SoHo and Hudson Square, within easy reach of Greenwich Village and Tribeca, today the home is surrounded by an eclectic mix of historic and new construction buildings housing both established local business and inventive new restaurants. Soho's famed shopping districts are minutes away, and nearby fine dining options include David Burke Kitchen and Cipriani Downtown.



Transportation from this accessible neighborhood is excellent with 1, A/C/E, N/Q/R/Q, J/Z and 6 trains all close by.

Last Agent to Sell the Property

Edward Freiberg

Compass License #40FR1171407 Listed on: 05/30/2018

Compass

Co-Listed By

Jon Cella

Compass License #40CE0937477

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1816

Lot Details

  • Lot Dimensions are 21.0 x 60.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,864 Sq Ft Home
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Community Details

  • Soho Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 489

Home Details

Home Type

Single Family

Year Built

Built in 1816

Lot Details

0

Listing Details

  • Cross Street: Broome Street/Spring Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Soho
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 3864.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 4

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 21.0 x 60.0

Building Info

  • Year Built: 1816

Tax Info

  • Tax Block: 489
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2018
Closed on
Jan 22, 2020
Sold by
Coulter Robert and Kanda Elise
Bought by
Sullivan House Llc
Seller's Agent
Edward Freiberg
Compass
List Price
$5,220,000
Sold Price
$5,220,000
Current Estimated Value
$4,676,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$543,937
Avg. Annual Appreciation
-1.85%

Purchase Details

Closed on
Jul 14, 2006
Sold by
Coulter Robert W
Bought by
Coulter Robert W and Kanda Elise

Purchase Details

Closed on
Jun 21, 1995
Sold by
Bittala Stephen G and Burns Michael E
Bought by
Coulter Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
7.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 9, 1994
Sold by
Emanueli Mary and Emanueli Mae
Bought by
Bitalla Stephen G and Burns Michael E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sullivan House Llc $5,220,000 --
Sullivan House Llc $5,220,000 --
Coulter Robert W -- --
Coulter Robert W -- --
Coulter Robert W $390,000 --
Coulter Robert W $390,000 --
Bitalla Stephen G -- --
Bitalla Stephen G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coulter Robert W $310,000
Closed Coulter Robert W $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2020 01/22/20 Sold $5,220,000 0.0% $1,351 / Sq Ft
12/11/2019 12/11/19 Pending -- -- --
05/30/2018 05/30/18 For Sale $5,220,000 -- $1,351 / 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 $12,967 $65,052 $16,228 $48,824
2024 $12,967 $64,560 $125,820 $44,897
2023 $12,370 $60,907 $16,516 $44,391
2022 $11,471 $396,300 $125,820 $270,480
2021 $11,408 $425,880 $125,820 $300,060
2020 $11,475 $469,680 $125,820 $343,860
2019 $11,254 $544,800 $125,820 $418,980
2018 $10,347 $50,756 $13,895 $36,861
2017 $9,761 $47,884 $17,366 $30,518
2016 $9,031 $45,175 $21,554 $23,621
2015 $5,448 $45,175 $28,341 $16,834
2014 $5,448 $44,834 $23,910 $20,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10590923

Real Estate Board of New York (REBNY)

APN: 0489-0002