NOT LISTED FOR SALE

Estimated Value: $1,760,637 - $2,723,000

1 Bed
1.5 Baths
1,205 Sq Ft
1975 Built

Sale Details

Date Sold: January 31, 2023

Last sale price $1,775,000 $1,473 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $16,152 / mo

60 Days on Market

Highlights

  • South Facing Home
  • 2-minute walk to 5 Avenue-53 Street
  • 1-minute walk to Channel Gardens
  • P.S. 59 Beekman Hill International Rated A

About This Home

As of January 2023

Fifth Avenue luxury condo living can be yours at the iconic Olympic Tower offering the highest quality of services and immeasurable security to its residents. Residence 27H sits high in the sky and offers spectacular views of many New York City skylines and landmarks, including St. Patricks Cathedral, the Empire State Building and Rockefeller Center. The F-line features a well-designed floor plan with a large living and dining room area that is South-facing and sun-filled. The residence floor plan is well designed and gracious in size that enjoys 9 ft. ceilings, central air conditioning and dramatic floor-to-ceiling windows overlooking Fifth Avenue.

The living and dining room area is grand and makes for easy entertaining. The bedroom provides privacy and a tranquil setting. It too has southern facing city views and has a generously sized en-suite bathroom with marble detailing including a full size bathtub and separate shower. There is an abundance of closets as well as a separate dressing room and vanity area. In addition, there is a powder room adjacent to the foyer entrance. Residence 27F features a full-size original kitchen with an in place washer-dryer and dishwasher.

The Olympic tower is a world-class condominium developed by Aristotle Onassis and designed by the world-famous Skidmore Owings & Merrill. White-glove amenities include a fully appointed fitness center, valet parking, a 24-hour doorman and impeccable premium concierge service, elevator attendant as well as a package room and bicycle storage. The building is investor friendly and pied-a-terre's are welcome. With a coveted location at the center of Manhattans premier Fifth Avenue shopping district, the Olympic tower is surrounded by fine restaurants, Broadway Theaters, Carnegie Hall, and Central Park. This is a home for those who love New York. For the opportunity to live above the center of it all in this spectacular oasis.

Photos coming soon.

Last Agent to Sell the Property

Suzan Kremer

Douglas Elliman Real Estate License #10301207968 Listed on: 08/01/2022

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,128

Year Built

  • Built in 1975

Lot Details

  • South Facing Home

HOA Fees

  • $1,983 Monthly HOA Fees

Home Design

  • Entry on the 27th floor

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Community Details

  • 225 Units
  • Olympic Tower Condos
  • Middle East Side Subdivision
  • 52-Story Property

Listing and Financial Details

  • Tax Block 01287

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,128

Year Built

Built in 1975

Lot Details

0 Sq Ft Lot

HOA Fees

$1,983 per month

Listing Details

  • Cross Street: EAST 51 STREET, EAST 52 STREET
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Middle East Side
  • Entry Level: 27
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 52

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1983.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: OLYMPIC TOWER
  • Units: 225
  • Total Stories: 52
  • Year Built: 1975

Tax Info

  • Tax Block: 01287
  • Tax Annual: 19128.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Jan 31, 2023
Sold by
Estate Of Iris Steel and Krass Executor
Bought by
27 Ot Llc
Seller's Agent
Suzan Kremer
Douglas Elliman Real Estate
List Price
$1,850,000
Sold Price
$1,775,000
Premium/Discount to List
-$75,000
-4.05%
Views
3
Current Estimated Value
$2,246,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,409
Avg. Annual Appreciation
7.61%
Original Mortgage
$1,200,000
Outstanding Balance
$1,156,565
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,089,844

Purchase Details

Closed on
Jun 24, 1999
Sold by
Macosa N V
Bought by
Kessel Bernard J and Steel Iris
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
27 Ot Llc $1,775,000 --
Kessel Bernard J $650,000 Chicago Title Insurance Co
Kessel Bernard J $650,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 27 Ot Llc $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2023 10/19/23 Off Market $1,775,000 -- --
06/09/2023 06/09/23 Off Market $1,775,000 -- --
01/31/2023 01/31/23 Sold $1,775,000 -4.1% $1,473 / Sq Ft
10/04/2022 10/04/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $1,850,000 -- $1,535 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $27,102 $216,932 $40,819 $176,113
2024 $27,102 $216,783 $40,819 $175,964
2023 $27,221 $221,901 $40,819 $181,082
2022 $19,258 $215,320 $40,819 $174,501
2021 $18,135 $204,262 $40,819 $163,443
2020 $16,464 $232,822 $40,819 $192,003
2019 $16,189 $232,842 $40,819 $192,023
2018 $18,324 $212,103 $40,819 $171,284
2017 $20,780 $210,286 $40,819 $169,467
2016 $19,354 $206,617 $40,819 $165,798
2015 $11,547 $202,550 $40,819 $161,731
2014 $11,547 $168,825 $40,819 $128,006
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10856569

Real Estate Board of New York (REBNY)

APN: 1287-1046

Your Personal Tour Guide

Ask me questions while you tour the home.