NOT LISTED FOR SALE

Estimated Value: $1,128,000 - $1,382,000

2 Beds
2 Baths
1,006 Sq Ft
1930 Built

Sale Details

Date Sold: May 3, 2016

Last sale price $1,600,000 $1,590 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $8,105 / mo

55 Days on Market

Highlights

  • Pre War Building
  • 4-minute walk to Essex Street
  • Laundry Facilities
  • P.S. 110 Florence Nightingale Rated A-
  • Balcony
  • 3-minute walk to Luther Gulick Playground

About This Home

As of May 2016

The epitome of the downtown Manhattans renaissance is defined through the Ridge Street Residences at 78 Ridge Street of the Lower East Side. Birthed in 1930 and converted to condo in 2007, this six story building is situated between the eccentric Delancey Street and Rivington Street, and just a stone throw away to the iconic Williamsburg Bridge. 78 Ridge Street offers a chic and sophisticated sanctuary in the heart of Downtown's most eclectic neighborhood. Throughout the unique massive studios, one, and two bedrooms residences with high ceilings and terrace space, they offer open floor plans and are dressed in hardwood floors perfect for luxurious living and entertaining. Residence 6A offers a unique opportunity for a 2 bed 2 bath high ceiling apartment and three private outdoor spaces!

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,040

Year Built

  • Built in 1930

HOA Fees

  • $367 Monthly HOA Fees

Home Design

  • 1,006 Sq Ft Home
  • Pre War Building
  • Entry on the 6th floor

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Balcony
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Legal Lot and Block 42 / 343

Community Details

Overview

  • Lower East Side Subdivision
  • 6-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,040

Year Built

Built in 1930

Lot Details

0 Sq Ft Lot

HOA Fees

$367 per month

Listing Details

  • Cross Street: Delancey Street/Rivington Street
  • Exposures: East,North,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Lower East Side
  • Architectural Style: Prewar
  • Entry Level: 6
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Living Area: 1006.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony, Rooftop

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Wall Unit(s)

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 367.0
  • 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: 6
  • Year Built: 1930

Tax Info

  • Tax Block: 343
  • Tax Lot: 42
  • Tax Annual: 2040.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2016
Closed on
May 2, 2016
Sold by
East Soho Corp
Bought by
Jackson Jonathan
List Price
$1,600,000
Sold Price
$1,600,000
Current Estimated Value
$1,260,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$339,267
Avg. Annual Appreciation
-2.38%
Original Mortgage
$1,280,000
Interest Rate
3.64%
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
Jackson Jonathan $1,629,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jackson Jonathan $1,280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $1,600,000 0.0% $1,590 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $1,600,000 -- $1,590 / 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 $11,384 $145,914 $14,386 $131,528
2024 $11,384 $129,001 $14,386 $114,615
2023 $10,247 $157,503 $14,386 $143,117
2022 $6,826 $176,983 $14,386 $162,597
2021 $3,084 $173,627 $14,386 $159,241
2020 $3,133 $192,308 $14,386 $177,922
2019 $4,313 $187,982 $14,386 $173,596
2018 $4,344 $160,589 $14,385 $146,204
2017 $4,340 $149,870 $14,386 $135,484
2016 $4,484 $136,863 $14,386 $122,477
2015 $490 $121,938 $14,386 $107,552
2014 $490 $113,486 $14,385 $99,101
Source: Public Records

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10008034

Real Estate Board of New York (REBNY)

APN: 0343-1045

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