NOT LISTED FOR SALE

Estimated Value: $2,080,000 - $2,398,000

3 Beds
3 Baths
1,616 Sq Ft
$692/mo HOA Fee

Last Sold February 13, 2015

Last sale price $1,770,000 $1,095 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $13,731/month

23 Days on Market

Highlights

  • Newly Remodeled
  • 3-minute walk to Vernon Boulevard-Jackson Avenue
  • 3-minute walk to Andrews Grove
  • P.S./I.S. 78Q Early Childhood Center Rated A
  • South Facing Home

About This Home

As of February 2015

5 Fortyone is a truly unique and luxurious way of living. This exclusive, one of a kind boutique condominium building offers 3 spectacular residences in total. Each spacious home is comprised of 3 bedrooms and 3 full baths with their own fully appointed and perfectly landscaped private outdoor living spaces. Unit 2A is a 1616 Square Ft. Penthouse Triplex. The most considerate attention has been paid to creating generous yet gracious living spaces. The kitchen encompasses top of the line appliances that include, a Viking Gas Range and Wall Hood, Viking French Door fridge, Bosch Dishwasher and Avanti built in Wine Cooler. Custom Wood Shaker style cabinetry and Pale Grey wide plank Greystone Maple Hard Wood Floors run throughout. Experience the magnificent bath with Kohler finishes, each master bath has an over head rain shower and pull down teak bench for the ultimate at home serene spa experience. Each residence is fully pre-wired for sound with the Wireless Sonos ultimate sound system. There is a state of the art Intercom System which also you to open the front door and door to your home by simply using your cell phone.

5 Fortyone truly offers discreet town house living while blending all of the fine finishing details of an opulent new high rise condominium. Conveniently located on 47th Rd. between Vernon Ave. and 5th St. LIC is dotted with cafes, quirky boutiques, restaurants and is centrally located to Brooklyn's hottest hoods. Populated with artists, visionaries, entrepreneurs, and innovative small businesses, it represents a forward-thinking approach to life. Just s stones throw away to NYC, one quick stop on the 7 Train to Manhattan. Long Island City as a neighborhood is no longer the Next Big Thing it has well proven itself as the Very Best Place to Live Now.

Last Agent to Sell the Property

Jennifer Dorfmann

Modern Spaces License #40DO0914505 Listed on: 07/22/2014

Modern Spaces

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,544

Year Built

  • Built in 2014 | Newly Remodeled

Lot Details

  • South Facing Home

HOA Fees

  • $692 Monthly HOA Fees

Interior Spaces

  • 1,616 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Community Details

  • Five Fortyone Condos
  • Long Island City Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / 29

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,544

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

HOA Fees

$692 per month

Listing Details

  • Cross Street: 5th Street/Vernon Boulevard
  • Exposures: South
  • Property SubType: Triplex
  • Property Type: Residential
  • Neighborhood: Long Island City
  • Entry Level: 3
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 1616.0
  • Living Area Units: Square Feet
  • Rooms (Total): 8

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Patio/Porch Features: Rooftop

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Other

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 692.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: Yes
  • Building Name: FIVE Fortyone
  • Total Stories: 3
  • Year Built: 2014

Tax Info

  • Tax Block: 29
  • Tax Lot: 8
  • Tax Annual: 8544.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2014
Closed on
Feb 12, 2015
Sold by
5-41 47Th Road Llc
Bought by
Bacchus Cameca and Bacchus Michael E
Seller's Agent
Jennifer Dorfmann
Modern Spaces
List Price
$1,770,000
Sold Price
$1,770,000
Current Estimated Value
$2,251,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,296
Avg. Annual Appreciation
2.13%
Original Mortgage
$1,416,000
Outstanding Balance
$1,090,440
Interest Rate
3.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,115,327
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
Bacchus Cameca $1,802,302 --
Bacchus Cameca $1,802,302 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bacchus Cameca $14,487
Open Bacchus Cameca $1,416,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2015 02/13/15 Sold $1,770,000 0.0% $1,095 / Sq Ft
08/14/2014 08/14/14 Pending -- -- --
07/22/2014 07/22/14 For Sale $1,770,000 -- $1,095 / 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 $6,972 $36,793 $4,198 $32,595
2024 $6,972 $34,710 $3,929 $30,781
2023 $6,577 $32,746 $3,447 $29,299
2022 $6,637 $97,560 $11,016 $86,544
2021 $6,665 $68,310 $11,016 $57,294
2020 $6,490 $42,372 $11,016 $31,356
2019 $6,051 $36,839 $11,016 $25,823
2018 $5,563 $27,288 $11,016 $16,272
2017 $4,730 $23,203 $5,363 $17,840
2016 $4,376 $23,203 $5,363 $17,840
2015 -- $21,890 $5,618 $16,272
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10085905

Real Estate Board of New York (REBNY)

APN: 00029-1002