NOT LISTED FOR SALE

Estimated Value: $1,412,000 - $1,929,000

3 Beds
2 Baths
1,320 Sq Ft
$1,344/mo HOA Fee

Last Sold April 30, 2024

Last sale price $1,850,000 $1,402 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $12,099/month

Highlights

  • Full Time Doorman
  • Basketball Court
  • Garden
  • River School (The) Rated A
  • Pets Allowed In Building
  • 4-minute walk to Vincent F Albano Jr Playground

About This Home

As of April 2024

Sponsor sale. No board application.Rarely available M line 3 bedroom apartment at I.M. Pei's Kips Bay Towers Condominium. This corner unit faces south and east and the condo's private garden below making it one of the most desirable layouts in the building. Great direct sunlight all day. The enormous combined living and dining great room is approximately 550 sq ft! The apartment boasts over 80 linear sq ft of nearly floor to ceiling windows. Three large bedrooms with plenty of closet space. All this, plus amazingly low common charges and taxes. There is currently an ongoing capital assessment of $475 per month.Kips Bay Towers is a full service condominium with many amenities including 24-hour concierge and doorman, live-in resident manager, live-in super, full staff of handymen and porters, on-site management office, newly renovated lobby, state of the art fitness center, bike room, storage and trunk rooms, community room, laundry room, on site valet with dry cleaning and housekeeping services, attached underground 24-hour parking, and of course the magnificent 3+ acre private garden for residents (the largest in Manhattan!). The one of a kind garden is like having your own backyard. It features a landscaped lawn, areas for picnicking, lounging, herb garden, sports, ping pong tables, playground, and full-size basketball and pickleball courts. Conveniently located steps to Fairway, Trader Joes, Target, restaurants and shops, 6 train just three blocks west, M15 across the street, East River ferry, and two Citibike stations just outside.

Last Agent to Sell the Property

Jason Lee

Compass License #10401216147 Listed on: 03/20/2024

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $20,628

Year Built

  • Built in 1961

Lot Details

  • Southeast Facing Home
  • Garden
  • Property is in average condition

HOA Fees

  • $1,344 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,320 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Basketball Court
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 4096 / 00936

Community Details

Overview

  • 280 Units
  • 4 Elevators
  • High-Rise Condominium
  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Full Time Doorman
  • Laundry Facilities

Pet Policy

  • Pets Allowed In Building

Property Details

Home Type

Condominium

Est. Annual Taxes

$20,628

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,344 per month

Listing Details

  • Exposures: South, East
  • SponsorUnitYN: No
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 7
  • Structure Type: High Rise
  • ResoPropertyType: Residential
  • BuildingPetsAllowed: BuildingYes
  • TaxAbatementExpirationYear: 2020
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Fireplace: No
  • Living Area: 1320.0
  • Living Area Units: Square Feet

Beds/Baths

  • Bathrooms Total: 2.0
  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Garden, Basketball Court
  • Property Condition: Fair

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Garage

Utilities

  • Laundry Features: On Common Floor
  • Cooling: Central Air, Other
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1344.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 0.000000x0.000000

Building Info

  • New Construction: No
  • New Development: No
  • Elevators: 4
  • Units: 280
  • Total Stories: 21
  • Year Built: 1961
  • Lobby Attendance Type: DoormanFullTime
  • Building Laundry Features: CommonArea

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Abatement: Yes
  • Tax Block: 00936
  • Tax Lot: 4096
  • Building Tax Lot: 4096
  • Tax Annual: 20628.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 30, 2024
Sold by
Jober Bh Eastside Condo Llc
Bought by
Heath Colin and Skloss Katy
Seller's Agent
Jason Lee
Compass
List Price
$1,850,000
Sold Price
$1,850,000
Views
6
Current Estimated Value
$1,628,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$221,016
Avg. Annual Appreciation
-11.49%
Original Mortgage
$1,100,000
Outstanding Balance
$1,086,556
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$507,419

Purchase Details

Closed on
Feb 17, 2022
Sold by
Kips Bay Llc
Bought by
Tremada Bh Eastside Condo Llc

Purchase Details

Closed on
Feb 25, 1997
Sold by
Great Universal Capital Corp
Bought by
Kips Bay Towers Associates

Purchase Details

Closed on
Feb 24, 1997
Sold by
Geller Milton
Bought by
Great Universal Capital Corp
Source: Public Records

Range of Values:

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Average Value
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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
Heath Colin $1,866,881 --
Heath Colin $1,866,881 --
Tremada Bh Eastside Condo Llc $19,350,000 --
Tremada Bh Eastside Condo Llc $19,350,000 --
Kips Bay Towers Associates $47,500 --
Kips Bay Towers Associates $47,500 --
Great Universal Capital Corp -- --
Great Universal Capital Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heath Colin $1,100,000
Closed Heath Colin $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $1,850,000 0.0% $1,402 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,850,000 -- $1,402 / 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 $20,791 $169,011 $32,504 $136,507
2024 $20,791 $166,300 $32,505 $133,795
2023 $20,241 $165,000 $32,506 $132,494
2022 $19,565 $167,285 $32,507 $134,778
2021 $18,735 $152,724 $32,507 $120,217
2020 $18,601 $169,157 $32,507 $136,650
2019 $17,584 $165,353 $32,507 $132,846
2018 $16,519 $145,061 $32,507 $112,554
2017 $16,736 $154,004 $32,507 $121,497
2016 $16,169 $127,275 $32,507 $94,768
2015 $10,463 $119,327 $32,507 $86,820
2014 $10,463 $119,139 $32,506 $86,633
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10957291

Real Estate Board of New York (REBNY)

APN: 0936-4096