NOT LISTED FOR SALE

Estimated Value: $866,000 - $957,782

1 Bed
1 Bath
832 Sq Ft
2008 Built

Last Sold February 22, 2022

Last sale price $985,000 $1,184 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,756/month

Highlights

  • Rooftop Deck
  • No HOA
  • Views
  • Clinton School Rated A
  • Cooling System Mounted In Outer Wall Opening
  • 1-minute walk to Hell's Kitchen Park

About This Home

As of June 2024

-1 Bedroom + Guest Room/Office and 1 Bathroom / Convertible 2br-1 year lease term Experience the epitome of boutique luxury living with this approximately 832 sqft Convertible 2-bedroom residence at The 505 Condo, a full-service condominium building conveniently located near theaters, dining, and major transportation hubs in the heart of Midtown West. Apartment 4FS is a generously proportioned Jr-4 residence, renovated to perfection. Seamlessly convertible into two bedrooms or enjoyed as a bedroom plus home office, this tranquil abode overlooks a serene community garden. Its inviting open floor plan boasts premium features, including exquisite carbonized bamboo floors, sound-insulated double pane windows, state-of-the-art Bosch appliances, in-unit washer/dryer, and abundant closet space, including a spacious walk-in. The 505 offers a boutique luxury experience brimming with upscale amenities. Residents enjoy a secluded garden retreat nestled between dual structures, a well-equipped fitness center, and two landscaped rooftop terraces complete with barbecue facilities and dining areas. Additional conveniences include a 24-hour doorman, live-in superintendent, bike storage (available for a monthly fee), laundry facilities, and Wi-Fi coverage throughout outdoor spaces and the fitness center. CYOF for brokers

Last Agent to Rent the Property

Onur Buyukdegirmenci

Douglas Elliman Real Estate License #10301221475 Listed on: 04/14/2024

Douglas Elliman Real Estate

Co-Listed By

Donna Conti

Douglas Elliman Real Estate License #10301211314

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2008

Home Design

  • 832 Sq Ft Home
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer Dryer Allowed
  • Washer Hookup

Additional Features

  • North Facing Home
  • Cooling System Mounted In Outer Wall Opening
  • Property Views

Listing and Financial Details

  • Property Available on 6/1/24
  • Legal Lot and Block 7501 / 01076

Community Details

Overview

  • No Home Owners Association
  • 108 Units
  • High-Rise Condominium
  • 505, The Condos
  • Hells Kitchen Subdivision
  • 7-Story Property

Amenities

  • Rooftop Deck

Condo Details

Home Type

Condominium

Year Built

Built in 2008

Lot Details

0 Sq Ft Lot

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished
  • Available Date: 2024-06-01

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Hells Kitchen
  • Entry Level: 4
  • Structure Type: High Rise
  • ResoPropertyType: ResidentialLease
  • Pets No Pets Comments: pet fee,
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 7

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 832.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 1

Exterior Features

  • View: Other
  • View: Yes
  • Exterior Features: Building Roof Deck, None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Other, Washer Hookup, In Unit
  • Green Building Features: Green Building
  • Cooling: Wall Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: 505, THE
  • Units: 108
  • Total Stories: 7
  • Year Built: 2008

Tax Info

  • Tax Block: 01076
  • Tax Lot: 7501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Feb 22, 2022
Sold by
Lipnitsky Jane Y and Zaborskaya Alla
Bought by
Frame Paul D and Wong Victoria
List Price
$985,000
Sold Price
$985,000
Current Estimated Value
$903,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,228
Avg. Annual Appreciation
-1.75%
Original Mortgage
$788,000
Outstanding Balance
$734,925
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$181,771

Purchase Details

Closed on
May 10, 2016
Sold by
Zaborskaya Alla
Bought by
Lipnitsky Jane Y and Zaborskaya Alla

Purchase Details

Closed on
Aug 14, 2009
Sold by
Lev Parkview Devel0pers Llc
Bought by
Zaborskaya Alla
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Frame Paul D $985,000 --
Lipnitsky Jane Y -- --
Zaborskaya Alla $855,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frame Paul D $788,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2024 06/24/24 Rented $4,750 0.0% --
06/11/2024 06/11/24 Under Contract -- -- --
06/03/2024 06/03/24 Price Changed $4,750 -4.0% $6 / Sq Ft
05/02/2024 05/02/24 Price Changed $4,950 +10.0% $6 / Sq Ft
04/15/2024 04/15/24 For Rent $4,500 0.0% --
02/22/2022 02/22/22 Sold $985,000 0.0% $1,184 / Sq Ft View Prior Sale
03/15/2021 03/15/21 For Sale $985,000 -- $1,184 / 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 $12,644 $105,249 $13,486 $91,763
2024 $12,644 $101,139 $13,486 $87,653
2023 $10,120 $99,997 $13,486 $86,511
2022 $11,631 $102,417 $13,486 $88,931
2021 $10,425 $84,981 $13,486 $71,495
2020 $11,058 $94,968 $13,486 $81,482
2019 $8,681 $94,752 $13,486 $81,266
2018 $8,058 $98,189 $13,486 $84,703
2017 $5,708 $76,947 $13,486 $63,461
2016 $5,478 $78,416 $13,486 $64,930
2015 $1,766 $72,320 $13,486 $58,834
2014 $1,766 $60,548 $13,487 $47,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10973514

Real Estate Board of New York (REBNY)

APN: 1076-1030

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