NOT LISTED FOR SALE

Estimated Value: $11,109,915

Studio
-- Bath
10,465 Sq Ft
$1,062/Sq Ft Est. Value

Sale Details

Date Sold: March 19, 2018

Last sale price $8,100,000 $774 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $74,758 / mo

95 Days on Market

Highlights

  • Pre War Building
  • Intercom
  • 2-minute walk to Ruppert Park
  • P.S. 527 East Side School-Social Actio Rated A

About This Home

As of March 2018

Stephen P. Wald Real Estate Associates, Inc. has been exclusively retained to represent the sale of 223 East 89th Street, which is an Upper East Side walk-up building comprised of 20 residential units. Located within mile of the new Q subway line and mile from the 4,5,6 on a lovely tree-lined street. This is the first time the property is being offered for sale in nearly 50 years.
Renovated studios in this neighborhood rent for an estimated average of $2,200 and renovated one-bedrooms rent for an estimated average of $2,800. There is also additional upside for combinations. The rent roll is substantially below market on all free market apartments. This property represents excellent upside potential.

Last Agent to Sell the Property

Cody Parker Hellberg

Stephen P Wald Real Estate Associates Inc License #10301208505 Listed on: 08/09/2017

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 25.0 x 100.0

Home Design

  • 10,465 Sq Ft Home
  • Pre War Building

Community Details

  • Upper East Side Subdivision
  • 5-Story Property

Listing and Financial Details

  • Legal Lot and Block 15 / 1535

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Third Avenue/Second Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 5

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 10465.0
  • Living Area Units: Square Feet

Garage/Parking

  • Garage: No

Fee Information

  • Annual Water Sewer Expense: 19517.0

Lot Info

  • Lot Size Dimensions: 25.0 x 100.0

Building Info

  • Total Stories: 5
  • Year Built: 1930

Tax Info

  • Tax Block: 1535
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2019
Sold by
Jam223e89 Investor Llc and % : Jam Real Estate Partners Llc
Bought by
Potr 223 East 89Th Street Llc
Current Estimated Value
$11,109,915

Purchase Details

Listed on
Aug 9, 2017
Closed on
Mar 20, 2018
Sold by
Sigma Development Co Inc and % : Leparc Management Co Llc
Bought by
Jam223e89 Investor Llc
Seller's Agent
Cody Parker Hellberg
Stephen P Wald Real Estate Associates Inc
List Price
$8,100,000
Sold Price
$8,100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.01%
Original Mortgage
$5,294,947
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2002
Sold by
Surrey Lewis D As and Surrey Albert W
Bought by
Surrey Lewis D As and Surrey Mildred R
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
Potr 223 East 89Th Street Llc $11,950,000 --
Jam223e89 Investor Llc $8,100,000 --
Surrey Lewis D As -- --
Surrey Lewis D As -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jam223e89 Investor Llc $5,294,947
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2018 03/19/18 Sold $8,100,000 0.0% $774 / Sq Ft
11/12/2017 11/12/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $8,100,000 -- $774 / 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 $179,117 $1,593,530 $141,300 $1,452,230
2024 $179,117 $1,432,710 $141,300 $1,291,410
2023 $157,357 $1,282,770 $141,300 $1,141,470
2022 $143,583 $1,354,500 $141,300 $1,213,200
2021 $136,348 $1,115,100 $141,300 $973,800
2020 $133,462 $1,196,550 $141,300 $1,055,250
2019 $128,731 $1,156,950 $141,300 $1,015,650
2017 $115,571 $1,009,800 $141,300 $868,500
2016 $113,058 $907,650 $141,300 $766,350
2015 $51,484 $1,024,200 $141,300 $882,900
2014 $51,484 $870,300 $141,300 $729,000
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10100189

Real Estate Board of New York (REBNY)

APN: 1535-0015

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