NOT LISTED FOR SALE

Estimated Value: $1,810,000 - $2,155,000

2 Beds
2 Baths
1,530 Sq Ft
$3,634/mo HOA Fee

Last Sold June 20, 2023

Last sale price $1,950,000 $1,275 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $18,252/month

10 Days on Market

Highlights

  • City View
  • 3-minute walk to 5 Avenue-53 Street
  • Laundry Facilities
  • P.S. 59 Beekman Hill International Rated A
  • Central Air
  • 4-minute walk to Grand Army Plaza

About This Home

As of June 2023

Enjoy incredible southeastern cityscape views from the 33rd floor in this huge bright and sunny corner 2 bedroom, 2 bathroom condominium with floor to ceiling windows. A perfect home or investment opportunity!

Enter into the large and open marble foyer area with two big closets, and continue on into the enormous living room, complete with walls of windows and a dining area.

The very large primary bedroom with eastern views has a generous sitting area, two built-in closets and a marble en-suite bath. The second oversized bedroom has a walk-in closet and it's own en-suite bath.

The renovated kitchen offers high-end stainless steel Viking and SubZero appliances, along with custom cabinetry and quartz countertops.

In addition to on-site dining options like Jean Georges and Nougatine by Jean George, the building offers incredible amenities on the 18th floor in Club 721: a fitness center, ping pong table, theater room, kids playroom, library, billiards room and a fully equipped business center (perfect for WFH).

721 5th Avenue is also located in the most prestigious shopping district in the world, within a block of Tiffany's, Prada, Van Cleef & Arpels, Gucci, Chopard and Louis Vuitton and Bergdorf Goodman to name a few.

*This building has a no-pet policy, other than service animals.

Last Agent to Sell the Property

Jessica Klingbaum

Compass License #10401228842 Listed on: 04/30/2023

Compass

Co-Listed By

Daren Herzberg

Compass License #30HE1012667

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $45,180

Year Built

  • Built in 1983

HOA Fees

  • $3,634 Monthly HOA Fees

Home Design

  • Entry on the 33rd floor

Interior Spaces

  • 1,530 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7501 / 1292

Community Details

Overview

  • Midtown East Subdivision
  • 68-Story Property

Amenities

  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$45,180

Year Built

Built in 1983

Lot Details

0

HOA Fees

$3,634 per month

Listing Details

  • Cross Street: East 56th Street/East 57th Street
  • Exposures: East,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown East
  • Entry Level: 33
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 68

Interior Features

  • Living Area: 1530.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Courtyard

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3634.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 68
  • Year Built: 1983

Tax Info

  • Tax Block: 1292
  • Tax Lot: 7501
  • Tax Annual: 45180.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2023
Closed on
Jun 20, 2023
Sold by
Estate Of Elaine Rigolosi and Peter Richard Conte Executor
Bought by
Azurefire Properties Llc
Seller's Agent
Jessica Klingbaum
Compass
List Price
$2,095,000
Sold Price
$1,950,000
Premium/Discount to List
-$145,000
-6.92%
Views
97
Current Estimated Value
$2,037,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,981
Avg. Annual Appreciation
1.82%

Purchase Details

Closed on
Nov 13, 2020
Sold by
Rigolosi Elaine L and Rigolosi Robert Salvatore
Bought by
Rigolosi Elaine L

Purchase Details

Closed on
Jun 29, 2004
Sold by
Marmax U S A Inc - Sukyin Mak As Presid
Bought by
Rigolosi Elaine L and Rigolosi Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$845,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Azurefire Properties Llc $1,950,000 --
Rigolosi Elaine L -- --
Rigolosi Elaine L $1,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rigolosi Elaine L $845,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $1,950,000 -6.9% $1,275 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
04/30/2023 04/30/23 For Sale $2,095,000 -- $1,369 / 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 $46,653 $365,643 $72,157 $293,486
2024 $46,653 $373,164 $72,157 $301,007
2023 $46,862 $382,015 $72,157 $309,858
2022 $29,461 $391,630 $72,157 $319,473
2021 $44,143 $359,851 $72,157 $287,694
2020 $43,901 $373,536 $72,157 $301,379
2019 $42,280 $360,391 $72,157 $288,234
2018 $39,926 $378,860 $72,157 $306,703
2017 $36,029 $354,935 $72,157 $282,778
2016 $33,648 $334,494 $72,157 $262,337
2015 $18,566 $334,821 $72,157 $262,664
2014 $18,566 $231,668 $72,157 $159,511
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10861915

Real Estate Board of New York (REBNY)

APN: 1292-1027