NOT LISTED FOR SALE

Estimated Value: $1,798,000 - $3,011,000

2 Beds
2 Baths
2,349 Sq Ft
1887 Built

Sale Details

Date Sold: June 7, 2015

Last sale price $3,850,000 $1,639 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $16,856 / mo

185 Days on Market

Highlights

  • Rooftop Deck
  • 3-minute walk to Essex Street
  • Pre War Building
  • P.S. 42 Benjamin Altman Rated A
  • City View
  • 4-minute walk to Captain Jacob Joseph Playground

About This Home

As of June 2015

Spectacular, bright and expansive full floor condo in an historic cast-iron loft building, at the center of Manhattan's hottest neighborhood. A key-locked elevator opens directly into the dramatically scaled living space, with 11 ceilings, beautiful hardwood floors, a wood-burning fireplace and 40' wall of enormous light-filled windows. This home offers a mix of modern design and 19th century loft architecture. The floor plan is ideal for both comfortable living and grand entertaining, with open living, dining, and kitchen areas flowing seamlessly together. A row of ornate cast-iron columns original to the loft enhances the character of the space. The open chefs kitchen features granite counters, professional Sub-Zero refrigerator, 8-burner Wolf double stove, and teak wood cabinets. Matching custom teak cabinetry offers extensive storage throughout the home. The huge master suite has treetop views through three south-facing windows, and boasts a hotel spa-style master bath with dual rain heads in the large tinted glass shower with its teak floor. A second windowed bedroom can easily be created in the open office area if needed, and there is a beautiful full guest bath. See alternate 2-bedroom plan. Central air conditioning, projection screen and audio, and security system. Private basement storage transfers. This beautiful 1888 cast-iron building is ideally located within the vibrant Lower East Side, surrounded by excellent restaurants, hip coffee bars, cool shops and good transportation.

Last Agent to Sell the Property

Joshua Wesoky

Compass License #10301215666 Listed on: 10/10/2014

Compass

Co-Listed By

Steve Dawson

Compass License #10401211000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,808

Year Built

  • Built in 1887

HOA Fees

  • $1,191 Monthly HOA Fees

Home Design

  • Pre War Building

Interior Spaces

  • 2,349 Sq Ft Home
  • New Windows
  • City Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7502 / 310

Community Details

Overview

  • Grand Digs Condos
  • Chinatown Subdivision
  • 5-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,808

Year Built

Built in 1887

Lot Details

0 Sq Ft Lot

HOA Fees

$1,191 per month

Listing Details

  • Cross Street: Ludlow Street/Essex Street
  • Exposures: North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chinatown
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 2349.0
  • Living Area Units: Square Feet
  • Window Features: New Windows

Beds/Baths

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

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1191.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Building Name: Grand Digs
  • Total Stories: 5
  • Year Built: 1887

Tax Info

  • Tax Block: 310
  • Tax Lot: 7502
  • Tax Annual: 14808.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2014
Closed on
Jun 3, 2015
Sold by
Neidich Jon
Bought by
Sleepy Dragon Llc
Seller's Agent
Joshua Wesoky
Compass
List Price
$3,850,000
Sold Price
$3,850,000
Current Estimated Value
$2,540,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,309,386
Avg. Annual Appreciation
-3.77%
Original Mortgage
$2,850,000
Outstanding Balance
$2,205,095
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$335,519

Purchase Details

Closed on
Aug 13, 2012
Sold by
Ertan Kutlu
Bought by
Neidich Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2006
Sold by
Grover Perry
Bought by
Ertan Kutlu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2005
Sold by
Grand Digs Llc and Hartman
Bought by
Grover Perry
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sleepy Dragon Llc $3,850,000 --
Sleepy Dragon Llc $3,850,000 --
Neidich Jon $3,440,000 --
Neidich Jon $3,440,000 --
Ertan Kutlu $1,750,000 --
Ertan Kutlu $1,750,000 --
Grover Perry -- --
Grover Perry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sleepy Dragon Llc $2,850,000
Closed Sleepy Dragon Llc $2,850,000
Previous Owner Neidich Jon $1,100,000
Previous Owner Ertan Kutlu $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2015 06/07/15 Sold $3,850,000 0.0% $1,639 / Sq Ft
04/13/2015 04/13/15 Pending -- -- --
10/10/2014 10/10/14 For Sale $3,850,000 -- $1,639 / 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 $23,795 $205,555 $14,188 $191,367
2024 $23,795 $190,329 $26,579 $174,565
2023 $23,348 $190,329 $18,916 $171,413
2022 $22,443 $289,708 $26,579 $263,129
2021 $20,835 $340,811 $26,579 $314,232
2020 $19,588 $365,867 $26,579 $339,288
2019 $13,965 $306,414 $26,579 $279,835
2018 $18,621 $146,407 $15,239 $131,168
2017 $17,947 $141,102 $17,066 $124,036
2016 $16,844 $130,651 $16,814 $113,837
2015 $9,021 $121,630 $13,940 $107,690
2014 $9,021 $112,621 $15,491 $97,130
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10047584

Real Estate Board of New York (REBNY)

APN: 0310-1202

Your Personal Tour Guide

Ask me questions while you tour the home.