NOT LISTED FOR SALE

Estimated Value: $1,069,990 - $1,386,000

1 Bed
1 Bath
933 Sq Ft
2008 Built

Sale Details

Date Sold: November 21, 2018

Last sale price $1,075,000 $1,152 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,891 / mo

50 Days on Market

Highlights

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

About This Home

As of November 2018

This rare opportunity to buy in The Galaxy is "out of this world." The massive 933 sq. ft. 1-bedroom is easily convertible into a spacious 2-bedroom unit (see floor plans for suggested options). It's insanely low common charges and 421-A tax abatement make this a great deal for anyone concerned about carrying costs.

***SELLER IS COVERING THE MANSION TAX***

The unit also comes with the option for a parking space. If you'd like, you can rent the space for an additional $250 a month, but renting the parking space is NOT a condition of the sale, it is simply an added bonus if you are interested. The parking garage is attached to the building and can be easily accessed without having to exit the building.

The southwest exposures and 7 oversized windows provide ample natural light throughout the apartment. Even gray days are met with more than enough light to enjoy the apartment without ever needing to flip a switch. The 11 ft. ceilings create a sense of loft-style living. The generous floorplan provides sufficient space to be extremely creative with the layout of the unit.

In addition to the substantial living space, the apartment also features an extremely large bedroom that could easily be divided into 2 separate bedrooms or a 1-bedroom + home office, or even a 1 bedroom + dream closet!

Not only that, but the living space is large enough to have an additional bedroom placed in there if you wanted to place your 2nd bedroom there or if you needed to design a 2-bed + home office.

Needless to say, there is more than enough opportunity with this unit to really make the space your own. It's definitely move-in ready as an oversized 1-bedroom, great for entertaining, or it could easily be converted into multiple layout options to meet your specific needs with minimal work required.

The building is located less than a block away from the 7 train and 2 blocks from the waterfront parks and Ferry terminal. It's location places you right next to all the best parts the Hunters Point section of Long Island City has to offer and makes commuting into and out of the city a breeze.

Comparatively speaking to other condos in the area, The Galaxy condo is a very low-impact building, having only 10 additional units. Enjoy BBQing with magnificent 360-degree views of Manhattan, Queens & Brooklyn on the beautifully appointed roof deck of this 6 story boutique building. Invite your friends over to catch the perfect view of the fireworks on the East River every 4th of July.

Don't miss this rare opportunity to own in a building with limited inventory and the most convenient location in Long Island City.

***There is currently an additional $51.13 monthly fee going to the RESERVE FUND that is not included in the common charges....this is due to expire in the next couple of months according to management

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $512

Year Built

  • Built in 2008

HOA Fees

  • $403 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 933 Sq Ft Home
  • Entry on the 2nd floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Legal Lot and Block 7501 / 32

Community Details

Overview

  • Long Island City Subdivision
  • 5-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$512

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

HOA Fees

$403 per month

Listing Details

  • Cross Street: 5th Street/Vernon Boulevard
  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Entry Level: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 933.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Wall Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 403.46
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 5
  • Year Built: 2008

Tax Info

  • Tax Block: 32
  • Tax Lot: 7501
  • Tax Annual: 512.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Nov 14, 2018
Sold by
Snow Russell
Bought by
Sb Union Square Llc
List Price
$1,075,000
Sold Price
$1,075,000
Current Estimated Value
$1,228,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,498
Avg. Annual Appreciation
1.83%

Purchase Details

Closed on
Mar 28, 2016
Sold by
Cole Randolph
Bought by
Benson Sonia and Benson Troy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.71%

Purchase Details

Closed on
Apr 11, 2007
Sold by
Jsl Realty Holdings Llc
Bought by
Snow Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,800
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Sb Union Square Llc $1,075,000 --
Sb Union Square Llc $1,075,000 --
Benson Sonia -- --
Snow Russell $692,000 --
Snow Russell $692,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benson Sonia $300,000
Previous Owner Benson Sonia --
Previous Owner Snow Russell $622,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2018 11/21/18 Sold $1,075,000 0.0% $1,152 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $1,075,000 -- $1,152 / 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 $10,463 $83,378 $7,986 $75,392
2024 $10,463 $83,694 $7,986 $75,708
2023 $10,266 $82,116 $7,986 $74,130
2022 $8,159 $82,137 $7,986 $74,151
2021 $6,236 $82,049 $7,986 $74,063
2020 $4,316 $93,679 $7,986 $85,693
2019 $2,286 $90,289 $7,986 $82,303
2018 $511 $67,314 $7,986 $59,328
2017 $511 $61,428 $7,985 $53,443
2016 $518 $61,428 $7,985 $53,443
2015 $405 $58,037 $8,707 $49,330
2014 $405 $58,379 $9,156 $49,223
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10433211

Real Estate Board of New York (REBNY)

APN: 00032-1001

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