NOT LISTED FOR SALE

Estimated Value: $1,823,000 - $2,565,000

2 Beds
2 Baths
1,596 Sq Ft
$3,499/mo HOA Fee

Last Sold September 26, 2024

Last sale price $2,350,000 $1,472 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $19,566/month

761 Days on Market

Highlights

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

About This Home

As of September 2024

Situated just 2 blocks from Central Park on the 59th floor of a white-glove, full-service condominium, this corner 2-bedroom, 2 bath residence spares no detail and defines luxury and fine taste. Double exposures facing South and East offer spectacular views of New York and the iconic the Empire State Building. This spacious residence spans 1,596 square feet and makes for an ideal pied-a-terre, primary residence or investment.

As you enter this spacious home, you are greeted with a grand gallery lined with floor-to-ceiling built-in closets with mirrored doors. Further inside is the bright, oversized corner living room. Solid oak floors, sophisticated custom shades and high quality finishes throughout the space elevate the experience. Concealed closets and doors maintain a clean aesthetic.

The kitchen features a sleek design which incorporates glass-front wood cabinetry, stone countertops and premium stainless steel appliances. Both bedrooms feature floor-to-ceiling windows with inspiring views, custom built in walk-in closets and custom designed wall coverings. The King sized Primary Suite features a spa-like en-suite bath and a laundry room.

Finally, a residence that provides the elegance you expect from New York City.

721 Fifth Avenue is the epitome of extravagance amidst some of the most highly celebrated high-end shopping and dining in the world, located just 2 blocks from Central Park and the Plaza Hotel. This renowned condominium offers white-glove doorman and concierge services, attended elevators, valet, laundry and housekeeping. In 2021, the entire 18th floor was renovated to offer an unparalleled luxury living experience which features amenities including a fully equipped gym, yoga studio, library, movie theater, billiards room, business center, conference rooms, event lounge and children's playroom.

Private showings only. Please note that any open houses listed are for the purpose of communicating available showing windows. Call, email, or text to confirm an appointment.

Last Agent to Sell the Property

Christina Kremidas

Douglas Elliman Real Estate License #10301220511 Listed on: 06/15/2022

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $43,992

Year Built

  • Built in 1983

HOA Fees

  • $3,499 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 59th floor

Interior Spaces

  • 1,596 Sq Ft Home
  • Washer Dryer Allowed

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air

Listing and Financial Details

  • Tax Block 01292

Community Details

Overview

  • 231 Units
  • High-Rise Condominium
  • Trump Tower Condos
  • Midtown East Subdivision
  • 58-Story Property

Amenities

  • Elevator
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$43,992

Year Built

Built in 1983

Lot Details

0

HOA Fees

$3,499 per month

Listing Details

  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Midtown East
  • Entry Level: 59
  • Structure Type: High Rise
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 58

Interior Features

  • Interior Features: Smoke Free
  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 1596.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Building Other
  • Green Building Features: Elevator(s), Storage
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3499.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: TRUMP TOWER
  • Units: 231
  • Total Stories: 58
  • Year Built: 1983

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 01292
  • Tax Lot: 0000
  • Tax Annual: 43992.0

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 26, 2024
Sold by
Damaghi Daniel M
Bought by
Danchev Milena
Seller's Agent
Christina Kremidas
Douglas Elliman Real Estate
List Price
$2,425,000
Sold Price
$2,350,000
Premium/Discount to List
-$75,000
-3.09%
Views
103
Current Estimated Value
$2,313,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,375
Avg. Annual Appreciation
-3.45%
Original Mortgage
$1,880,000
Outstanding Balance
$1,857,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$398,400

Purchase Details

Closed on
Feb 1, 2012
Sold by
Shashoua Stanley
Bought by
Damaghi Daniel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Oakleigh Incorporated and Stanley Chovnick %
Bought by
Shashoua Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,237,500
Interest Rate
6.4%
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
Danchev Milena $2,350,000 --
Damaghi Daniel M $3,800,000 --
Damaghi Daniel M $3,800,000 --
Shashoua Stanley $1,650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Danchev Milena $1,880,000
Previous Owner Damaghi Daniel M $1,100,000
Previous Owner Shashoua Stanley $1,237,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Price Changed $2,350,000 0.0% $1,472 / Sq Ft
09/26/2024 09/26/24 Sold $2,350,000 -3.1% $1,472 / Sq Ft
07/16/2024 07/16/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $2,425,000 +3.2% $1,519 / Sq Ft
03/07/2024 03/07/24 Off Market $2,350,000 -- --
12/01/2023 12/01/23 Price Changed $2,425,000 -6.4% $1,519 / Sq Ft
11/03/2023 11/03/23 Price Changed $2,590,000 -12.2% $1,623 / Sq Ft
08/11/2023 08/11/23 For Sale $2,950,000 0.0% $1,848 / Sq Ft
07/21/2023 07/21/23 Off Market $2,950,000 -- --
07/20/2023 07/20/23 For Sale $2,950,000 0.0% $1,848 / Sq Ft
07/11/2023 07/11/23 Off Market $2,950,000 -- --
07/10/2023 07/10/23 For Sale $2,950,000 0.0% $1,848 / Sq Ft
07/07/2023 07/07/23 Off Market $2,950,000 -- --
07/06/2023 07/06/23 For Sale $2,950,000 0.0% $1,848 / Sq Ft
07/02/2023 07/02/23 Off Market $2,950,000 -- --
05/22/2023 05/22/23 Price Changed $2,950,000 -10.5% $1,848 / Sq Ft
04/22/2023 04/22/23 Price Changed $3,295,000 -5.7% $2,065 / Sq Ft
01/18/2023 01/18/23 For Sale $3,495,000 +48.7% $2,190 / Sq Ft
12/07/2022 12/07/22 Off Market $2,350,000 -- --
10/03/2022 10/03/22 Price Changed $3,495,000 -12.5% $2,190 / Sq Ft
06/15/2022 06/15/22 For Sale $3,995,000 -- $2,503 / 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 $46,620 $365,390 $72,163 $293,227
2024 $46,620 $372,904 $72,163 $300,741
2023 $46,830 $381,752 $72,163 $309,589
2022 $45,158 $391,358 $72,163 $319,195
2021 $44,113 $359,607 $72,163 $287,444
2020 $43,871 $373,280 $72,163 $301,117
2019 $42,251 $360,147 $72,163 $287,984
2018 $39,898 $378,600 $72,163 $306,437
2017 $36,002 $354,695 $72,163 $282,532
2016 $33,622 $334,272 $72,163 $262,109
2015 $18,550 $334,599 $72,163 $262,436
2014 $18,550 $231,467 $72,164 $159,303
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10940199

Real Estate Board of New York (REBNY)

APN: 1292-1221