NOT LISTED FOR SALE
4 Beds
4 Baths
4,275 Sq Ft
$5,418/mo HOA Fee

Last Sold May 07, 2018

Last sale price $4,050,000 $947 Per Sq Ft

199 Days on Market

Highlights

  • City View
  • 4-minute walk to 23 Street (N,R Line)
  • 4-minute walk to Chelsea Green
  • P.S. 11 Sarah J. Garnet School Rated A
  • Central Air

About This Home

As of May 2018

Envision your own full-floor residence in Flatirons historic Greenwich Building just off Fifth Avenue - built out just the way you want it.

Nothing will suggest that you have arrived like a sprawling full-floor residence in this 11-story boutique neo-Renaissance co-op building undergoing a residential conversion that will allow you the rare opportunity to customize a full floor in this extraordinary 50 x 90 foot building replete with luxurious 9 foot high windows and 12 foot high ceilings.

The Greenwich Building has recently embarked upon extensive upgrades as part of a comprehensive capital improvement plan that makes this an excellent investment opportunity, and this units very low monthly expenses of $5,418 (which includes property taxes and is 65% deductible) are hard to beat.

A true diamond in the rough because all of the floors above it have converted to residential use, this unit retains the unique ability to be used for residential, live-work or commercial purposes due to its classification as an Interim Multiple Dwelling under the Loft Law.

The spacious footprint of the floor presents a wide array of living possibilities a grand entertaining room, a spacious state-of-the-art kitchen, 3 to 5 bedrooms with dressing rooms and en-suite bathrooms, an office, a home theater.

The unit has two elevators a keyed elevator that opens directly into your unit that your guests will use to make their grand entrance, and an unusually wide, hand-operated freight elevator with an authentic industrial feel.

While The Greenwich Building is a co-op, you will find that it permits many of the freedoms more typical of condos, including subletting, pied--terres, and guarantors. Pets are also permitted.

Investors take note: with residential rentals in the building recently reaching an $82 rent per square foot, this unit also presents an achievable cap rate opportunity of close to 6% that is rare for Manhattan.

Built in 1907 with prominent arched doorways, the Greenwich Building sits at the heart of the Ladies Mile Historic District and is flanked on all sides by the classical architecture that defines New Yorks Gilded Age.

That architecture perfectly dovetails with the iconic neighborhoods vibrant shopping and dining, which truly represent the height of New York living. Dine on the high-end cuisine of 3-star Michelin rated Eleven Madison Park or illuminated under strings of lights at Madison Square Parks Shake Shack. Experience the aroma of fresh baked bread while strolling the aisles of Eataly or browse the neighborhoods dozens of home and design stores.

Why accept someone elses renovations when, for less, you can customize this incredible living space to your own needs and desires?

Dont wait to find out. An opportunity like this doesnt come often and wont last long.

(Information expressed herein should not be considered a legal opinion and should be verified with an attorney, architect or zoning expert. All measurements should be considered approximate).

Property Details

Home Type

  • Co-Op

Year Built

  • 1907

HOA Fees

  • $5,418 Monthly HOA Fees

Interior Spaces

  • 4,275 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Community Details

  • Flatiron District Subdivision

Listing and Financial Details

  • Tax Block 821

Property Details

Home Type

Co-Op

Year Built

1907

Lot Details

0

HOA Fees

$5,418 per month

Listing Details

  • Cross Street: Fifth & Sixth Aves ue
  • Property SubType: Loft
  • Property Type: Residential
  • Neighborhood: Flatiron District
  • Architectural Style: Loft
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Coop
  • Year Built: 1907

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 4275.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 4

Exterior Features

  • View: City
  • View: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5418.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Stock Cooperative
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No

Tax Info

  • Tax Block: 821

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

Property History

Date Event Price Change Sq Ft Price
05/07/2018 05/07/18 Sold $4,050,000 0.0% $947 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
09/19/2017 09/19/17 For Sale $4,050,000 -- $947 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10103591

Real Estate Board of New York (REBNY)