NOT LISTED FOR SALE

Estimated Value: $1,489,000 - $3,747,000

3 Beds
3 Baths
1,651 Sq Ft
$2,244/mo HOA Fee

Last Sold December 03, 2014

Last sale price $1,950,000 $1,181 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $16,181/month

47 Days on Market

Highlights

  • Newly Remodeled
  • 1-minute walk to Fulton Street (2,3 Line)
  • 2-minute walk to DeLury Square
  • P.S. 343 The Peck Slip School Rated A
  • Pre War Building

About This Home

As of December 2014

CONTRACT SIGNED - Best priced 3-bedroom home in all of downtown's condo buildings. This ninth floor corner unit with south-west exposures offers 3 light-filled spacious bedrooms, 2.5 lavish bathrooms, and an open layout living area with adjoining chef's kitchen, all in excellent ready-to-move-in condition. Eleven feet high beamed ceilings and wall-sized windows allow ample sunlight to reflect off the natural oak hardwood floors and to flow throughout the apartment. Thus, while located in the middle of NY's famed financial district canyons, this home offers an abundance of light, head space, and airy openness. The chef's kitchen features mahogany Sapelli wood and glass cabinetry, a large California island topped with a sleek slab of dark-coal granite, and top-of-the-line stainless steel GE Profile appliances (refrigerator, stove, and microwave). The 3 bedrooms branch out of the wide central hallway along with 2 bathrooms and a utility closet with large-sized Bosch washer/dryer units. This home also comes with a storage bin in the basement.

59 John Lofts is a remarkably well-maintained full service luxury condo building with 24/7 doormen, live-in resident manager, common roof deck, media room and library, and fitness room. Pets welcome. The 421-g tax abatement is in effect until 2020. Close to all major public transportation and the newly opened Fulton Transit Center. The building offers sound financials with no planned assessments or common charge increases.

Last Agent to Sell the Property

Pascal Blacque-Belair

Douglas Elliman Real Estate License #30BL0888845 Listed on: 09/15/2014

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,372

Year Built

  • Built in 1909 | Newly Remodeled

HOA Fees

  • $2,244 Monthly HOA Fees

Home Design

  • 1,651 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Community Details

  • 59 John Lofts Condos
  • Finldist Subdivision
  • 13-Story Property

Listing and Financial Details

  • Tax Block 78

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,372

Year Built

Built in 1909 | Newly Remodeled

Lot Details

0

HOA Fees

$2,244 per month

Listing Details

  • Cross Street: DUTCH STREET and WILLIAM STREET
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: FINLDIST
  • Architectural Style: Prewar
  • Entry Level: 9
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 13

Interior Features

  • Living Area: 1651.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2244.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: 59 JOHN LOFTS
  • Total Stories: 13
  • Year Built: 1909

Tax Info

  • Tax Block: 78
  • Tax Annual: 9372.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2014
Closed on
Dec 3, 2014
Sold by
Thompson Brynne B and Thompson David B
Bought by
Logullo Raphaela and Parise Alessandro
Seller's Agent
Pascal Blacque-Belair
Douglas Elliman Real Estate
List Price
$17,950,000
Sold Price
$1,950,000
Premium/Discount to List
-$16,000,000
-89.14%
Current Estimated Value
$2,121,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,991
Avg. Annual Appreciation
0.63%
Original Mortgage
$1,350,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2011
Sold by
Stevens Brynne B and Thompson David B
Bought by
Thompson Brynne S and Thompson David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,978
Interest Rate
4.1%

Purchase Details

Closed on
May 2, 2007
Sold by
Wiljohn Associates Llc
Bought by
Stevens Brynne B and Thompson David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
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
Logullo Raphaela $1,950,000 --
Thompson Brynne S -- --
Stevens Brynne B $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Logullo Raphaela $19,000
Closed Logullo Raphaela $19,000
Previous Owner Logullo Raphaela $1,350,000
Previous Owner Thompson Brynne S $9,978
Previous Owner Stevens Brynne B $1,200,000
Previous Owner Stevens Brynne B $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2014 12/03/14 Sold $1,950,000 -89.1% $1,181 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
09/16/2014 09/16/14 For Sale $17,950,000 -- $10,872 / 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 $26,603 $217,549 $35,460 $182,089
2024 $26,603 $212,792 $35,460 $177,332
2023 $27,689 $225,720 $35,460 $190,260
2022 $22,321 $226,771 $35,460 $191,311
2021 $26,500 $226,772 $35,460 $191,312
2020 $19,624 $251,173 $35,460 $215,713
2019 $17,337 $245,526 $35,460 $210,066
2018 $25,336 $236,948 $35,460 $201,488
2017 $23,069 $220,546 $35,460 $185,086
2016 $21,187 $193,145 $35,460 $157,685
2014 $6,442 $174,825 $35,460 $139,365
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10037838

Real Estate Board of New York (REBNY)

APN: 0078-1659