NOT LISTED FOR SALE

Estimated Value: $576,000 - $949,179

1 Bed
1 Bath
900 Sq Ft
$781/mo HOA Fee

Last Sold April 10, 2024

Last sale price $800,250 $889 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,130/month

106 Days on Market

Highlights

  • 328,454 Sq Ft lot
  • Home Gym
  • Courtyard
  • River School (The) Rated A
  • Community Garden
  • 3-minute walk to Vincent F Albano Jr Playground

About This Home

As of April 2024

Bring your contractor to this extra-large, south-facing one bedroom with nearly floor-to-ceiling windows. Enjoy Incredible all-day sunlight and open city views from the 16th floor. The home features an enormous living room with a separate dining area, a king-size bedroom, and generous closet space. Deeply set back from both the street and the avenue, and located in a solidly built concrete building, the apartment is pin-drop quiet as well. 

I.M. Pei’s Kips Bay Towers is a full-service condominium with a 24-hour doorman, an on-site management office, and a newly renovated lobby. Amenities include a large fully equipped fitness center, bike room, storage, community room, laundry, on-site valet with dry cleaning and housekeeping services, on-site parking, and a three-acre private garden with landscaped lawn, playground, and full-size basketball court. Fairway and the AMC movie theatre are around the corner, and Trader Joe’s, Target, and dozens of restaurants and shops are within one to five blocks. Nearby transportation options include the 6 train, cross-town and north/south express buses, East River ferry, Citi Bike stations just outside, and extremely nearby access to the FDR and Queens- Midtown Tunnel. There is a current assessment of $283.24 per month, and dogs are not allowed.

Last Listed By

Patrick Lilly

CORE Group Marketing LLC License #30LI0506568 Listed on: 10/09/2023

CORE Group Marketing LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,960

Year Built

  • Built in 1961

Lot Details

  • South Facing Home
  • Garden

HOA Fees

  • $781 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 900 Sq Ft Home
  • Storage
  • Laundry Room
  • Home Gym
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Courtyard

Listing and Financial Details

  • Legal Lot and Block 7501 / 00936

Community Details

Overview

  • 1,118 Units
  • Kips Bay Towers Condos
  • Kips Bay Subdivision
  • 21-Story Property

Amenities

  • Community Garden
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,960

Year Built

Built in 1961

Lot Details

0

HOA Fees

$781 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 16
  • Structure Type: None
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 21

Interior Features

  • Interior Features: Elevator, Storage
  • Appliances: Dishwasher
  • Fireplace: No
  • Living Area: 900.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3
  • Dining Room Type: Gym

Beds/Baths

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

Exterior Features

  • Direction Faces: South
  • Exterior Features: Building Courtyard, Building Garden, Courtyard, Garden
  • Other Structures: Garage(s)

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common On Floor, Common Area, Laundry Room

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 781.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Units: Square Feet
  • Lot Features: Garden
  • Lot Size Area: 328454.0
  • Lot Size Dimensions: 672.83 x 611.25

Building Info

  • New Construction: No
  • Building Name: Kips Bay Towers
  • Units: 1118
  • Total Stories: 21
  • Year Built: 1961

Rental Info

  • Furnished: Unfurnished
  • Owner Pays: None

Tax Info

  • Tax Block: 00936
  • Tax Lot: 7501
  • Tax Annual: 9960.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Apr 3, 2024
Sold by
The Theodore Arthur O'Leary Trust
Bought by
Rais Michael and Rais Monika
Seller's Agent
Patrick Lilly
CORE Group Marketing LLC
List Price
$895,000
Sold Price
$800,250
Premium/Discount to List
-$94,750
-10.59%
Total Days on Market
106
Views
51
Current Estimated Value
$805,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,545
Avg. Annual Appreciation
0.67%
Original Mortgage
$720,225
Outstanding Balance
$712,824
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$92,971

Purchase Details

Closed on
Jun 21, 2017
Sold by
O'Leary Theodore A
Bought by
The Theodore Arthur O'Leary Trust Dated

Range of Values:

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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
Rais Michael $800,250 --
Rais Michael $800,250 --
The Theodore Arthur O'Leary Trust Dated -- --
The Theodore Arthur O'Leary Trust Dated -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rais Michael $720,225
Closed Rais Michael $720,225
Previous Owner Oleary Theodore A $50,000
Previous Owner Oleary Theodore $69,940
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $800,250 -5.9% $889 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
11/17/2023 11/17/23 Price Changed $850,000 -2.9% $944 / Sq Ft
11/06/2023 11/06/23 Price Changed $875,000 -2.2% $972 / Sq Ft
10/09/2023 10/09/23 For Sale $895,000 -- $994 / 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
2024 $10,229 $98,988 $19,348 $79,640
2023 $9,956 $98,213 $19,349 $78,864
2022 $9,608 $99,574 $19,349 $80,225
2021 $9,177 $90,907 $19,349 $71,558
2020 $9,195 $100,688 $19,349 $81,339
2019 $8,753 $98,424 $19,349 $79,075
2018 $8,290 $86,346 $19,350 $66,996
2017 $9,017 $91,669 $19,349 $72,320
2016 $8,500 $75,758 $19,349 $56,409
2015 $4,514 $71,028 $19,350 $51,678
2014 $4,514 $70,916 $19,349 $51,567
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10948051

Real Estate Board of New York (REBNY)

APN: 0936-3198