$725,000
SOLD DEC 27, 2021
-- Bed
1 Bath
665 Sq Ft
$962/mo HOA Fee

Recently Sold

$1,090 Per Sq Ft

164 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to Rector Street (1 Line)
  • Entrance Foyer
  • Battery Park City School Rated A
  • Pre War Building
  • 1-minute walk to Gwathmey Plaza

About This Home

As of December 2021

BEST CONDO LOFT VALUE DOWNTOWN and the size of a 1 bed with studio pricing at Premier Downtown Westside Condo! This never before offered as a resale loft alcove studio has a supremely flexible layout and gracious 10ft ceilings in the main room. Architectural details, oversized windows, central A/C, gracious living area and a dedicated home office/sleeping quarters are just some of the features of this immaculate and unique home. Other great aspects of the loft include a great kitchen with a Viking range, Fisher Paykel dual drawer dishwasher, Subzero refrigerator, and a marble bath w/deep soaking tub.

The Greenwich Club Residences at 88 Greenwich Street is a remarkable amenity-rich condominium that was converted from a 1920s Art Deco tower in 2007 to luxury condominiums. Amenities include 24 hour staff, doorman, resident manager, the spectacular Harbor Room/Sky lounge with water views, a quiet working and communal space, and a massive landscaped and outfitted roof deck to catch the sun rays and watch the ships pass on by. Additionally there is a billiards and TV lounge, a fully fitted gym with 2 Peloton bikes, yoga room, valet and maid service, WIFI in all common areas, piano/library lounge and one of the most impressive lobbies downtown.

The West FiDi location is the most coveted area of the financial district as it is steps to the Battery Park Promenade, Hudson River Park and pathways, the Hudson River, The World Trade Center, Oculus, Brookfield Mall, and a growing number of bars and restaurants including L'Appart, Nobu, Del Frisco, The Palm, Manhatta, Eataly and more..The location is one of the most convenient in all of NYC with a transit hub featuring most subway lines and the Path train.

Make this unique and affordably priced loft your new home. Showings done privately by appointment only. *Taxes listed include abatement*

Last Agent to Sell the Property

Scott Elyanow

Compass License #30EL1047432 Listed on: 05/11/2021

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,832

Year Built

  • Built in 1929

HOA Fees

  • $962 Monthly HOA Fees

Home Design

  • Pre War Building
  • Entry on the 12th floor

Interior Spaces

  • 1 Full Bathroom
  • 665 Sq Ft Home
  • Entrance Foyer

Additional Features

  • West Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7501 / 18

Community Details

Overview

  • Financial District Subdivision
  • 38-Story Property

Amenities

  • Rooftop Deck
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,832

Year Built

Built in 1929

Lot Details

0

HOA Fees

$962 per month

Listing Details

  • Cross Street: Edgar Street/Rector Street
  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Financial District
  • Architectural Style: Prewar
  • Entry Level: 12
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 38

Interior Features

  • Interior Features: Entrance Foyer
  • Living Area: 665.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • Exterior Features: Building Courtyard, Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor, Common Area
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 962.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 38
  • Year Built: 1929

Tax Info

  • Tax Block: 18
  • Tax Lot: 7501
  • Tax Annual: 8832.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Dec 23, 2021
Sold by
Abelson Jason
Bought by
Lipton Nicholas
Seller's Agent
Scott Elyanow
Compass
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$743,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,880
Avg. Annual Appreciation
1.73%
Original Mortgage
$400,000
Outstanding Balance
$370,659
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$401,982

Purchase Details

Closed on
Apr 28, 2008
Sold by
88 Greenwich Owner Llc and % Buttonwood Real Estate
Bought by
Abelson Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.93%
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 Type Sale Price Title Company
Deed $685,000 --
Deed $685,000 --
Deed $685,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Purchase Money Mortgage
Previous Owner $250,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2021 12/27/21 Sold $725,000 0.0% $1,090 / Sq Ft
10/23/2021 10/23/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $725,000 -- $1,090 / 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 $11,384 $93,155 $10,448 $82,707
2024 $11,384 $91,056 $10,448 $80,608
2023 $11,009 $89,742 $10,448 $79,294
2022 $10,751 $89,694 $10,448 $79,246
2021 $10,139 $85,115 $10,448 $74,667
2020 $8,838 $94,273 $10,448 $83,825
2019 $8,656 $92,154 $10,448 $81,706
2018 $10,317 $88,934 $10,448 $78,486
2017 $9,880 $88,173 $10,449 $77,724
2016 $9,379 $86,615 $10,448 $76,167
2015 $4,692 $80,811 $10,448 $70,363
2014 $4,692 $72,712 $10,448 $62,264
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10717612

Real Estate Board of New York (REBNY)

APN: 0018-1264