NOT LISTED FOR SALE

Estimated Value: $5,943,000 - $7,150,000

3 Beds
3.5 Baths
2,938 Sq Ft
$6,615/mo HOA Fee

Last Sold November 02, 2022

Last sale price $17,500,000 $5,956 Per Sq Ft

Current estimated payment $51,291/month

Highlights

  • New Construction
  • Rooftop Deck
  • Garden
  • P.S. 11 Sarah J. Garnet School Rated A
  • Terrace
  • 1-minute walk to Chelsea Waterside Park

About This Home

As of November 2022

Private In-Person & Virtual Appointments Available – Immediate Occupancy.



Inspired by West Chelsea's historical architecture and rich heritage, The Cortland, located at 555 W 22nd Street, is striking a new presence on the Hudson waterfront. Hand-crafted and American-made, The Cortland represents a unique collaboration between two architectural icons, Robert A.M. Stern Architects and Olson Kundig. Uniting elegant design and exceptional attention to detail, The Cortland is a building that will stand for generations to come.

Residence 11BW is 2,938 SF with three bedrooms and three-and-a-half bathrooms. The 3,510 SF private terrace has an outdoor kitchen and unobstructed views of the Hudson River facing west and city skyline facing north. The expansive, open-plan living and dining areas feature unobstructed views of the Hudson River, a 29-foot corner great room, family room, kitchen with a custom Olson Kundig-designed Jackbox and walk-in pantry, warm wood flooring, and floor-to-ceiling windows. The primary bedroom suite offers a fireplace and double walk-in closets.

The amenity program is the heart of the residential experience at The Cortland. Designed by Olson Kundig and curated by Related Life, the amenities have all the style and sophistication of a private members club in the city.

Developed by Related. The listing images represent various units in the building.

The complete offering terms are in the offering plan available from Sponsor. File No. CD 19-0409.

Last Agent to Sell the Property

The Cortland Sales Office

CORE Group Marketing LLC Listed on: 08/11/2022

CORE Group Marketing LLC

Co-Listed By

Shaun Osher

CORE Group Marketing LLC License #49OS1065721

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $78,828

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.77

HOA Fees

  • $6,615 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 2,938 Sq Ft Home
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer
  • Washer Dryer Allowed

Additional Features

  • Terrace
  • Garden
  • Central Air

Community Details

Overview

  • 144 Units
  • Chelsea Subdivision
  • 25-Story Property

Amenities

  • Rooftop Deck
  • Community Garden
  • Building Terrace
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$78,828

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$6,615 per month

Listing Details

  • Exposures: North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 11
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 25

Interior Features

  • Appliances: Dryer, Washer Dryer Allowed, Washer
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 2938.0
  • Living Area Units: Square Feet
  • Rooms (Total): 7

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Building Garden, Building Roof Deck, Garden
  • Patio/Porch Features: Building Terrace, Terrace

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 6615.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Area: 4937.0
  • Lot Size Dimensions: 50.0 x 98.75

Building Info

  • New Construction: Yes
  • Units: 144
  • Total Stories: 25
  • Year Built: 2022

Tax Info

  • Tax Block: 0
  • Tax Annual: 78828.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Nov 2, 2022
Sold by
22Nd And 11Th Associates Llc
Bought by
Jeffrey Zukerman As Trustee and The Cortland Condo 2022 Trust Dated
Seller's Agent
The Cortland Sales Office
CORE Group Marketing LLC
List Price
$17,500,000
Sold Price
$17,500,000
Current Estimated Value
$6,678,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,821,457
Avg. Annual Appreciation
-29.48%
Original Mortgage
$9,000,000
Outstanding Balance
$8,762,448
Interest Rate
7.08%
Mortgage Type
Unknown
Estimated Equity
-$2,205,232
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
Jeffrey Zukerman As Trustee $17,863,125 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeffrey Zukerman As Trustee $9,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $17,500,000 0.0% $5,956 / Sq Ft
08/11/2022 08/11/22 For Sale $17,500,000 -- $5,956 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
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 $99,438 $805,426 $56,157 $749,269
2024 $99,438 $795,379 $56,157 $739,223
2023 $95,642 $765,014 $51,059 $713,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10825689

Real Estate Board of New York (REBNY)

APN: 0694-1195