NOT LISTED FOR SALE

Kips Bay Towers New York, NY 10016

Kips Bay Neighborhood

Estimated Value: $757,000 - $831,000

1 Bed
1 Bath
755 Sq Ft
$655/mo HOA Fee

Last Sold December 22, 2021

Last sale price $790,000 $1,046 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,790/month

93 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 December 2021

High Floor, spacious and move-in ready 1 bedroom at the coveted Kips Bay Towers. Enjoy all day light from your north facing floor to ceiling windows overlooking the buildings private park. The large entry foyer allows for flexible space even spacious enough for a home work space. The living room easily allows for separation between living and dining areas and the bedroom is king in size. The kitchen which can easily be opened with little work has granite counter tops, excellent counter space and plenty of cabinets. The apartment features ample closet space and hardwood floors throughout. Kips Bay Towers Condominium was designed by World famous architect I.M. Pei. Amenities include a brand new gym, 24/7 doorman and concierge service, garage, laundry Room, lounge, driveway, and common storage. Additionally the building is host to one of NYC largest private parks which includes a full basketball court and children's playground all of which is exclusive to building residents. Sorry, no dogs permitted.

Last Agent to Sell the Property

Joseph Somerstein

Brown Harris Stevens Residential Sales LLC License #10401276399 Listed on: 08/04/2021

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,128

Year Built

  • Built in 1961

Lot Details

  • North Facing Home

HOA Fees

  • $655 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 15th floor

Interior Spaces

  • 755 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

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

$10,128

Year Built

Built in 1961

Lot Details

0

HOA Fees

$655 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 15
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Entrance Foyer
  • Living Area: 755.0
  • Living Area Units: Square Feet

Beds/Baths

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

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: 655.0
  • 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: 10128.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2021
Closed on
Dec 22, 2021
Sold by
Eschen Mary L
Bought by
Montgomery Kyle
Seller's Agent
Joseph Somerstein
Brown Harris Stevens Residential Sales LLC
List Price
$790,000
Sold Price
$790,000
Current Estimated Value
$797,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,367
Avg. Annual Appreciation
0.24%
Original Mortgage
$631,000
Outstanding Balance
$580,354
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$217,013

Purchase Details

Closed on
Oct 29, 2008
Sold by
Eschen John E and Eschen Mary L
Bought by
Eschen Mary L
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
Montgomery Kyle $790,000 --
Eschen Mary L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montgomery Kyle $631,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2021 12/22/21 Sold $790,000 0.0% $1,046 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $790,000 -- $1,046 / 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 $11,249 $91,446 $17,587 $73,859
2024 $11,249 $89,979 $17,587 $72,392
2023 $9,035 $89,276 $17,588 $71,688
2022 $10,586 $90,512 $17,588 $72,924
2021 $10,137 $82,634 $17,588 $65,046
2020 $10,145 $91,525 $17,588 $73,937
2019 $9,675 $89,468 $17,588 $71,880
2018 $9,182 $78,488 $17,588 $60,900
2017 $8,954 $83,327 $17,589 $65,738
2016 $8,543 $68,864 $17,588 $51,276
2015 $4,684 $64,564 $17,588 $46,976
2014 $4,684 $64,463 $17,588 $46,875
Source: Public Records

Agents Affiliated with this Home

  • Joseph Somerstein

    Seller's Agent in 2021

    Joseph Somerstein

    Brown Harris Stevens Residential Sales LLC

    (201) 835-5791

    9 in this area

    21 Total Sales

    Joseph Somerstein
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About Kips Bay Towers

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10749208

Real Estate Board of New York (REBNY)

APN: 0936-2197

New York New York County New York 10016

Kips Bay

Not Listed for Sale

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