NOT LISTED FOR SALE

Estimated Value: $1,275,000 - $1,499,955

2 Beds
2 Baths
1,150 Sq Ft
1961 Built

Sale Details

Date Sold: May 10, 2022

Last sale price $1,557,500 $1,354 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $9,762 / mo

162 Days on Market

Highlights

  • Community Garden
  • Entrance Foyer
  • Laundry Facilities
  • River School (The) Rated A
  • Garage
  • 3-minute walk to Vincent F Albano Jr Playground

About This Home

As of May 2022

Welcome to your new home at Kips Bay Towers a spacious south-facing 2-bedroom / 2 bath in one of Kips Bay's most sought-after condominiums.

Enjoy the sweeping city skyline views from the oversized windows in every room from the comfort of your apartment. You'll be able to see the Freedom Tower, beautiful historical low-rise buildings, plus even a sliver of the East River.

Apartment 16J was meticulously renovated by New York Kitchen and Bath, with no detail spared.

The unit offers beautiful 6' wide hardwood floor throughout; a high-end kitchen, with Miele stainless steel appliances, Caesar stone countertops and custom white cabinetry; two sleek and modern bathrooms, with elegant fixtures and floor-to-ceiling tile and abundant closet space with custom cabinets and shelves.

An oasis in the city, Kips Bay Towers is a complex designed by the world-renowned architect I.M. Pei.

Residents can enjoy the large private park (approximately 3 acres), which includes a landscaped garden, playground, basketball court and plenty of 'green space' to meet with friends, work, meditate or work on your tan.

This full service building features an updated lobby with 24 hour concierge; live-in superintendent; full support staff; on-site management office; a multi-purpose community room; fitness center with state of the art equipment and a reasonable membership fee; onsite laundry facilities; valet services for dry cleaning, wash 'n fold, alterations, etc.; bicycle room; storage lockers (waiting list); and onsite parking (waiting list).

Kips Bay Towers' location is amazing too - conveniently located near transportation, Fairway Market, AMC Movie theater, Trader Joe's, and amazing restaurants and bars. There's even a CitiBike docking station in front of the building!

Spacious, bright, turnkey apartments hardly ever become available. Contact us today for a private viewing.

There's an assessment of $216 per month.

Last Agent to Sell the Property

Wen Hsu

City Connections Realty Inc License #10301215289 Listed on: 10/19/2021

City Connections Realty Inc

Co-Listed By

Alexis Gandelman

City Connections Realty Inc License #10301204926

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,576

Year Built

  • Built in 1961

Lot Details

  • South Facing Home

HOA Fees

  • $985 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 16th floor

Interior Spaces

  • 1,150 Sq Ft Home
  • Entrance Foyer
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Listing and Financial Details

  • Legal Lot and Block 7501 / 936

Community Details

Overview

  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Community Garden
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,576

Year Built

Built in 1961

Lot Details

0 Sq Ft Lot

HOA Fees

$985 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 16
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Entrance Foyer
  • Living Area: 1150.0
  • Living Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 985.0
  • 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: 21
  • Year Built: 1961

Tax Info

  • Tax Block: 936
  • Tax Lot: 7501
  • Tax Annual: 12576.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
May 10, 2022
Sold by
Feng Yun and Wang Jian
Bought by
Han Kichang
Seller's Agent
Wen Hsu
City Connections Realty Inc
List Price
$1,557,500
Sold Price
$1,557,500
Current Estimated Value
$1,375,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$181,761
Avg. Annual Appreciation
-3.05%

Purchase Details

Closed on
May 4, 2011
Sold by
Dehaan Gillian and Tanner Richard
Bought by
Feng Yun and Wang Jian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2006
Sold by
Greenwald Bonnie Michelle Wolf and Greenwald Joshua Adam
Bought by
Dehaan Gillian and Tanner Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,200
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 13, 1999
Sold by
Monachino Michael
Bought by
Greenwald Joshua Adam and Wolf Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.99%

Purchase Details

Closed on
Feb 10, 1997
Sold by
Glass Barbara
Bought by
Monachino Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.5%

Purchase Details

Closed on
Nov 10, 1995
Sold by
Sigety Cornelius Edward
Bought by
Glass Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.47%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Han Kichang $1,557,500 --
Feng Yun $1,050,000 --
Dehaan Gillian $999,000 --
Greenwald Joshua Adam $510,000 Fidelity National Title Ins
Monachino Michael $374,500 First American Title Ins Co
Glass Barbara $350,000 Stewart Title Insurance Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Feng Yun $620,000
Previous Owner Dehaan Gillian $799,200
Previous Owner Greenwald Joshua Adam $400,000
Previous Owner Monachino Michael $250,000
Previous Owner Glass Barbara $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2022 05/10/22 Sold $1,557,500 0.0% $1,354 / Sq Ft
10/20/2021 10/20/21 For Sale $1,557,500 -- $1,354 / 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
2026 $17,178 $142,301 $26,429 $115,872
2025 $16,905 $137,423 $26,429 $110,994
2024 $16,905 $135,218 $26,430 $108,788
2023 $16,457 $134,159 $26,430 $107,729
2022 $15,908 $136,018 $26,431 $109,587
2021 $15,233 $124,179 $26,431 $97,748
2020 $12,577 $137,540 $26,431 $111,109
2019 $11,996 $134,447 $26,431 $108,016
2018 $13,503 $117,948 $26,431 $91,517
2017 $13,237 $125,219 $26,430 $98,789
2016 $12,535 $103,486 $26,431 $77,055
2015 $4,693 $97,024 $26,431 $70,593
2014 $4,693 $96,872 $26,431 $70,441
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10772517

Real Estate Board of New York (REBNY)

APN: 0936-2206

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