NOT LISTED FOR SALE

Estimated Value: $1,382,000 - $1,527,000

2 Beds
2 Baths
1,058 Sq Ft
$1,033/mo HOA Fee

Last Sold July 27, 2021

Last sale price $1,400,000 $1,323 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,224/month

600 Days on Market

Highlights

  • Newly Remodeled
  • 3-minute walk to Vernon Boulevard-Jackson Avenue
  • Pre War Building
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • Rooftop Deck
  • 2-minute walk to Andrews Grove

About This Home

As of July 2021

This premium 41-unit condominium residence resonates with the unmistakable rhythm of Long Island City. The neighborhood's historical past comes into focus here in the building's modern conversion from its life as a former zipper factory.The Zipper preserves the character of its original early 20th-century structure, fitted with luxurious finishes and amenities that represent modern craftsmanship at its best. Retaining the authentic brick exterior, its construction harkens back to New York City at the Jazz Age. The Zippers conversion is a singular blend of historic and contemporary design, maintaining the original brick walls and wooden beams within the context of a striking present-day aesthetic.The result is an elegant retrofit for your contemporary lifestyle, exceptionally located in the heart of Hunters Point.The well-proportioned residences are available in studio to four-bedroom layouts. All feature open floor plan living, highlighted by engineered wood flooring, ample ceiling heights, and casement windows. Each intimate haven provides a respite from the bustling pace of urban life, elevated by an industrial color palette that ideally accommodates your individual taste level.Stylish kitchens combine the clean lines of contemporary design with elegant functionality and classic details. Marble countertops and backsplash are complemented by the well-proportioned warm wood cabinetry, state-of-the-art ranges, high-end refrigerators, and dishwashers, along with Signature fixtures in a black matte finish.Unwind in the spa-inspired master bathroom, gracefully designed with Carrera tiling, bespoke wood vanity, and matte black Signature fixtures. Secondary bathrooms are just as tranquil with porcelain tile flooring, beveled white subway tile walls, and similar vanities and fixtures.Every residence is equipped with a washer/dryer for your convenience. More than just a fine collection of charming residences, The Zipper is truly a community. The building offers a comprehensive suite of amenities crafted to complement your lifestyle fully.The robust, state-of-the-art fitness center will energize your workouts, complemented by a tranquil yoga terrace. Relax in the well-appointed lounge, with its plush ample seating, and the outdoor terrace a great spot to unwind. The cheerful playroom for the kids is a welcoming space young residents can call their own. Parking, a sought-after commodity in Long Island City, is available, along with dedicated private cellar storage and a part-time doorman, assisted by a virtual doorman.Ideally located, The Zipper gives you access to everything that LIC offers so that you can live your life to the fullest. The tempting food and restaurant scene; miles of waterfront parks and serene public spaces; exciting nightlife; appealing artisanal shops, galleries, museums; it is all right outside your door.

Last Agent to Sell the Property

Kenneth Lee

Modern Spaces License #10401270126 Listed on: 09/30/2020

Modern Spaces

Co-Listed By

Sophia Park

Modern Spaces License #10301204798

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,240

Year Built

  • Built in 1931 | Newly Remodeled

Lot Details

  • 0.31

HOA Fees

  • $1,033 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Pre War Building

Interior Spaces

  • 1,058 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • South Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 9 / 30

Community Details

Overview

  • Long Island City Subdivision
  • 7-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,240

Year Built

Built in 1931 | Newly Remodeled

Lot Details

0

HOA Fees

$1,033 per month

Listing Details

  • Cross Street: 5th Street/Vernon Boulevard
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Architectural Style: Prewar
  • Entry Level: 2
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Interior Features: Dining Area, Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1058.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1033.0
  • 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: Yes
  • Total Stories: 7
  • Year Built: 1931

Tax Info

  • Tax Block: 30
  • Tax Lot: 9
  • Tax Annual: 9240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Jul 27, 2021
Sold by
Circle F 533 48Th Llc
Bought by
Alpert Alan and Alpert Anna
Seller's Agent
Kenneth Lee
Modern Spaces
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$1,464,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,592
Avg. Annual Appreciation
2.07%
Original Mortgage
$950,000
Outstanding Balance
$867,564
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$653,086
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
Alpert Alan $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alpert Alan $950,000
Previous Owner Circle F 533 48Th Llc $1,521,166
Previous Owner 533 48Th Avenue Condominium Llc $22,750,000
Previous Owner Circle F 533 48Th Llc $7,056,776
Previous Owner 533 48Th Avenue Condominium Llc $9,540,670
Previous Owner 533 48Th Avenue Condominium Llc $11,970,677
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2021 07/27/21 Sold $1,400,000 0.0% $1,323 / Sq Ft
03/17/2020 03/17/20 Off Market $1,400,000 -- --
09/25/2019 09/25/19 For Sale $1,400,000 -- $1,323 / 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 $13,218 $107,036 $9,215 $97,821
2024 $13,218 $105,725 $9,214 $96,511
2023 $12,542 $100,320 $9,069 $91,251
2022 $11,630 $105,475 $9,215 $96,260
2021 $11,039 $104,735 $9,215 $95,520
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10026860

Real Estate Board of New York (REBNY)

APN: 00030-1307