NOT LISTED FOR SALE

Estimated Value: $1,141,555 - $1,457,000

2 Beds
2 Baths
1,093 Sq Ft
$1,024/mo HOA Fee

Last Sold September 09, 2021

Last sale price $1,370,000 $1,253 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $8,966/month

678 Days on Market

Highlights

  • Rooftop Deck
  • 4-minute walk to Vernon Boulevard-Jackson Avenue
  • Entrance Foyer
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • New Windows
  • 2-minute walk to Gantry Plaza State Park

About This Home

As of September 2021

Live in the heart of LIC in this Magnificent 1093 sq ft split 2 bed 2 bath, with indoor parking space available for sale. As you enter the home, you're immediately greeted by the open concept living room, with oversized windows filling the apartment with bright natural light. Modern chef's kitchen with dark wood cabinetry compliment with timeless white Caesarstone counter tops and glass backsplash, with an oversized kitchen breakfast bar. Equipped with top of line stainless steel fixtures and appliances including Liebher refrigerator, Bosch range, dishwasher and microwave. Unwind in the splendid master suite, with large bedroom that can easily fit a King size bed and more. Enormous fully built walk-in closet with custom shelving and luxurious en-suite featuring double vanities, honed-limestone countertops, and overhead ring shower. The second bedroom on the opposite wing of the apartment, offers great privacy with large built in closet. Additional features include gorgeous maple flooring throughout, abundance closet spaces and Bosch washer/dryer complete this lovely home.

Tax abatement until 2024.

Built by Toll Brothers City Living, the nation's leading luxury home builder, The 5SL Condominium offers a 24-hour doorman, live-in super, private enclosed parking, fitness center, children's playroom, bike storage, common rooftop garden, common yard and bocce court. Located right in the heart of the most desirable neighborhood in Long Island City, just one block to waterfront park. This full-service luxury residence is surrounded by popular restaurants &; cafes, all commercial services and is just around the corner to Duane Reade, Food Cellar supermarket, the local hardware shop, and quaint boutiques. Only a short walk away are several forms of transportation - the LIRR, the 7 train direct to Grand Central -Manhattan, the G, E, and M, train and the East River Ferry - all that will take you to any destination in and out of the borough.

Last Agent to Sell the Property

Chingching Yeung

Modern Spaces License #10401250211 Listed on: 05/13/2021

Modern Spaces

Co-Listed By

Kenneth Lee

Modern Spaces License #10401270126

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,304

Year Built

  • Built in 2008

Lot Details

  • North Facing Home

HOA Fees

  • $1,024 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 1,093 Sq Ft Home
  • New Windows
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 7501 / 30

Community Details

Overview

  • Long Island City Subdivision
  • 8-Story Property

Amenities

  • Community Garden
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,304

Year Built

Built in 2008

Lot Details

0

HOA Fees

$1,024 per month

Listing Details

  • Cross Street: Vernon Boulevard/5th Street
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 8

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1093.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4
  • Window Features: New Windows

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Courtyard, Building Garden, Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: Window Unit(s)
  • Heating: Natural Gas
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1024.0
  • 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: 8
  • Year Built: 2008

Tax Info

  • Tax Block: 30
  • Tax Lot: 7501
  • Tax Annual: 2304.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Sep 8, 2021
Sold by
Saffayeh George and Yoo Jennifer
Bought by
Leonardo-Olitan Lora
Seller's Agent
Chingching Yeung
Modern Spaces
List Price
$1,370,000
Sold Price
$1,370,000
Current Estimated Value
$1,326,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,611
Avg. Annual Appreciation
-0.41%
Original Mortgage
$1,232,980
Outstanding Balance
$1,129,231
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$218,825

Purchase Details

Closed on
Jul 18, 2008
Sold by
5-01-5-17 48Th Avenue Llc
Bought by
Saffayeh George S and Yoo Jennifer Y
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
Leonardo-Olitan Lora $1,370,000 --
Saffayeh George S $783,024 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonardo-Olitan Lora $1,232,980
Previous Owner Saffayeh George S $305,599
Previous Owner Saffayeh George S $10,851
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $1,370,000 0.0% $1,253 / Sq Ft
03/17/2020 03/17/20 Off Market $1,370,000 -- --
08/29/2019 08/29/19 For Sale $1,370,000 -- $1,253 / 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 $8,585 $71,438 $9,614 $61,824
2024 $8,585 $68,668 $9,614 $59,054
2023 $6,816 $66,271 $9,614 $56,657
2022 $5,096 $64,411 $9,614 $54,797
2021 $3,454 $59,134 $9,614 $49,520
2020 $2,308 $67,613 $9,614 $57,999
2019 $947 $66,486 $9,614 $56,872
2018 $955 $53,742 $9,614 $44,128
2017 $955 $49,503 $9,613 $39,890
2016 $968 $49,503 $9,613 $39,890
2015 -- $49,262 $10,293 $38,969
2014 -- $51,017 $10,631 $40,386
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10600071

Real Estate Board of New York (REBNY)

APN: 00030-1064