NOT LISTED FOR SALE

Estimated Value: $3,971,000 - $4,924,000

4 Beds
4 Baths
3,800 Sq Ft
$1,187/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $3,900,000 $1,026 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $26,439/month

85 Days on Market

Highlights

  • City View
  • 4-minute walk to Lexington Avenue-59 Street
  • Intercom
  • East Side Elementary School, P.S. 267 Rated A
  • Pre War Building
  • 1-minute walk to Tramway Plaza

About This Home

As of July 2021

Attention developers, builders, and those looking for a project - turn your vision into reality at 253 E 61st Street! This 4-story single family home built in the late 19th century is 36' deep on a 19.5' x 82.42' lot with a 2-story extension and approximately 3,100 square feet above ground plus a 700 square foot cellar. Located in a C2-8 zoning district, this lot is buildable to 7,500 square feet or 13,860 square feet with available additional air rights, based on an FAR of 10 for both residential and community facility use. Because this property is entirely within 100 feet of the intersection of E 61st Street and 2nd Avenue, the building can have 100% lot coverage, per 23-156(b). The excess air rights of 6,360 square feet are sold separately. This property has endless potential, don't miss out on it!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,556

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 19.0 x 82.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,800 Sq Ft Home
  • 4-Story Property
  • City Views
  • Intercom

Bedrooms and Bathrooms

  • 4 Bedrooms

Community Details

  • Upper East Side Subdivision

Listing and Financial Details

  • Legal Lot and Block 121 / 1416

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,556

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Cross Street: Third Avenue/Second Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 3800.0
  • Living Area Units: Square Feet
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 4

Exterior Features

  • View: City
  • View: Yes

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 19.0 x 82.0

Building Info

  • Total Stories: 4
  • Year Built: 1899

Tax Info

  • Tax Block: 1416
  • Tax Lot: 121

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Jul 29, 2021
Sold by
Sixty First Llc D/B/A Enbloc 326 Llc
Bought by
Dichy Raffoul
List Price
$3,900,000
Sold Price
$3,900,000
Current Estimated Value
$4,511,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,841
Avg. Annual Appreciation
1.90%
Original Mortgage
$2,925,000
Outstanding Balance
$2,674,999
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,539,516

Purchase Details

Listed on
Mar 9, 2018
Closed on
Feb 1, 2019
Sold by
Mccaffrey Seligman and % : % Wilk Auslander Llp
Bought by
Sixty First Llc and Enbloc 326 Llc
Seller's Agent
George Vanderploeg
Douglas Elliman Real Estate
List Price
$5,000,000
Sold Price
$4,600,000
Premium/Discount to List
-$400,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.44%
Original Mortgage
$2,990,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
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
Dichy Raffoul $3,900,000 --
Sixty First Llc $4,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dichy Raffoul $2,925,000
Previous Owner Sixty First Llc $2,990,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $3,900,000 0.0% $1,026 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $3,900,000 -15.2% $1,026 / Sq Ft
02/04/2019 02/04/19 Sold $4,600,000 -8.0% $1,484 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $5,000,000 -- $1,613 / 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 $24,556 $129,593 $59,869 $69,724
2024 $24,556 $122,258 $144,720 $53,295
2023 $24,829 $122,258 $57,640 $64,618
2022 $24,223 $320,820 $144,720 $176,100
2021 $24,091 $344,760 $144,720 $200,040
2020 $22,859 $361,140 $144,720 $216,420
2019 $21,313 $415,440 $144,720 $270,720
2018 $20,769 $101,882 $31,296 $70,586
2017 $20,612 $101,116 $42,269 $58,847
2016 $19,070 $95,394 $36,615 $58,779
2015 $11,505 $89,995 $51,812 $38,183
2014 $11,505 $84,902 $58,659 $26,243
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10708869

Real Estate Board of New York (REBNY)

APN: 1416-0121