NOT LISTED FOR SALE

Estimated Value: $388,000 - $466,028

1 Bed
1 Bath
526 Sq Ft
$178/mo HOA Fee

Last Sold January 27, 2023

Last sale price $465,000 $884 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,712/month

29 Days on Market

About This Home

As of January 2023

Welcome to the Galaxy Tower Condominium apartment 4D, located in Rego Park. Galaxy Tower is one of the last tax abated buildings in the area, with a total carrying cost of under $200 per month!



Apartment 4D is a well appointed 1 bedroom, 1 bath with floor to ceiling eastern-facing windows offering unobstructed morning light. The home features stainless steel appliances, hardwood floors throughout, large bedroom closet, in unit washer/dryer, and newly upgraded heating/cooling system and tankless water heater.



A generous private balcony off the main living space is the perfect spot to enjoy your morning coffee, with additional access to the large common roof-deck where you can enjoy skyline views of NYC. Resident parking can be found in the basement and can be rented.



Located on a quiet street in the heart of Rego Park, residents can enjoy a plethora of restaurants, groceries, and shopping just moments away along Austin Street, 63rd Drive, and Queens Boulevard. Access the M/R trains at 63rd Drive & 67th Drive, with the E/F trains at 71st Street.



The building has a 421a tax abatement for the next 6 years, with a current tax of $106 annually. This home is ideal for both end users and investors alike.

Last Agent to Sell the Property

Ron Pamposa

Serhant License #10401299125 Listed on: 10/19/2022

Serhant

Co-Listed By

Alexandra Newman

Serhant License #10401267998

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $108

Year Built

  • Built in 2013 | Newly Remodeled

HOA Fees

  • $178 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Washer Dryer Allowed

Community Details

  • 25 Units
  • The Galaxy Tower Co Condos
  • Rego Park Subdivision
  • 7-Story Property

Property Details

Home Type

Condominium

Est. Annual Taxes

$108

Year Built

Built in 2013 | Newly Remodeled

Lot Details

0

HOA Fees

$178 per month

Listing Details

  • Cross Street: WETHEROLE STREET and BOOTH STREET
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Rego Park
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Washer Dryer Allowed
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 178.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: THE GALAXY TOWER CO
  • Units: 25
  • Total Stories: 7
  • Year Built: 2013

Tax Info

  • Tax Block: NA
  • Tax Annual: 108.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Jan 27, 2023
Sold by
Chung Lillian
Bought by
Gu Junfei
Seller's Agent
Ron Pamposa
Serhant
List Price
$465,000
Sold Price
$465,000
Views
17
Current Estimated Value
$434,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,243
Avg. Annual Appreciation
-4.08%
Original Mortgage
$372,000
Outstanding Balance
$360,612
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$55,260

Purchase Details

Closed on
Dec 13, 2013
Sold by
C H 65 Llc
Bought by
Chung Lillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.35%
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
Gu Junfei $465,000 --
Chung Lillian $309,270 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gu Junfei $372,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $465,000 0.0% $884 / Sq Ft
11/18/2022 11/18/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $465,000 -- $884 / 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 $2,752 $53,109 $7,946 $45,163
2024 $2,752 $53,719 $7,946 $45,773
2023 $1,437 $54,005 $7,946 $46,059
2022 $107 $54,673 $7,946 $46,727
2021 $107 $48,660 $7,946 $40,714
2020 $109 $54,673 $7,946 $46,727
2019 $110 $57,000 $7,946 $49,054
2018 $111 $47,110 $7,946 $39,164
2017 $111 $59,412 $7,946 $51,466
2016 $112 $59,412 $7,946 $51,466
2015 -- $85,801 $7,946 $77,855
2014 -- $98,706 $7,415 $91,291
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10822728

Real Estate Board of New York (REBNY)

APN: 03099-1015