NOT LISTED FOR SALE

Kips Bay Towers New York, NY 10016

Kips Bay Neighborhood

Estimated Value: $775,000 - $854,000

2 Beds
1 Bath
756 Sq Ft
$623/mo HOA Fee

Last Sold October 08, 2021

Last sale price $798,000 $1,056 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,877/month

107 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 October 2021

Wonderful opportunity to own a convertible two-bedroom at the coveted Kips Bay Tower. Tremendous light and views from the north facing floor to ceiling windows overlooking the condominiums private garden. King sized master bedroom with the converted bedroom large enough for a queen sized bed, plus desk space as currently laid out. There is still ample living space after the conversion, wall can easily stay or go, perfect for those in need of an extra bedroom or a great investment opportunity. 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. *On-going Assessment $135.72 / Month

Last Agent to Sell the Property

Joseph Somerstein

Brown Harris Stevens Residential Sales LLC License #10401276399 Listed on: 05/24/2021

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,480

Year Built

  • Built in 1961

Lot Details

  • North Facing Home

HOA Fees

  • $623 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 756 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 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

$9,480

Year Built

Built in 1961

Lot Details

0

HOA Fees

$623 per month

Listing Details

  • Cross Street: Second Avenue/First Avenue
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 7
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Entrance Foyer
  • Living Area: 756.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1
  • Bedrooms: 2

Exterior Features

  • Exterior Features: Building Garden

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common Area

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 623.0
  • 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: 9480.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Oct 8, 2021
Sold by
Dushnik Varda and Zychlinski Varda
Bought by
Cruise Cathy and Cruise Gerald
Seller's Agent
Joseph Somerstein
Brown Harris Stevens Residential Sales LLC
List Price
$798,000
Sold Price
$798,000
Current Estimated Value
$828,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,534
Avg. Annual Appreciation
0.91%

Purchase Details

Closed on
Oct 19, 1994
Sold by
Zychlinski Orly and Zychlinski Varda
Bought by
Zychlinski Varda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cruise Cathy $798,000 --
Cruise Cathy $798,000 --
Zychlinski Varda -- --
Zychlinski Varda -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $798,000 0.0% $1,056 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $798,000 -- $1,056 / 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 $10,692 $86,920 $16,717 $70,203
2024 $10,692 $85,525 $16,717 $68,808
2023 $10,409 $84,855 $16,717 $68,138
2022 $10,062 $86,032 $16,718 $69,314
2021 $9,635 $78,544 $16,718 $61,826
2020 $9,598 $86,995 $16,718 $70,277
2019 $9,123 $85,039 $16,718 $68,321
2018 $8,728 $74,602 $16,717 $57,885
2017 $8,510 $79,201 $16,717 $62,484
2016 $8,120 $65,455 $16,717 $48,738
2015 $4,453 $61,368 $16,718 $44,650
2014 $4,453 $61,272 $16,718 $44,554
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: RLS10748666

Real Estate Board of New York (REBNY)

APN: 0936-1085

New York New York County New York 10016

Kips Bay

Not Listed for Sale

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