NOT LISTED FOR SALE

Estimated Value: $1,750,000 - $1,933,000

2 Beds
1.5 Baths
1,250 Sq Ft
$2,134/mo HOA Fee

Last Sold August 17, 2023

Last sale price $2,895,000 $2,316 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $13,960/month

56 Days on Market

Highlights

  • Pre War Building
  • East Side Elementary School, P.S. 267 Rated A
  • South Facing Home

About This Home

As of August 2023

This graciously scaled six room, two bedroom, one and a half bathroom residence offers the rare opportunity to own in one of the very few prewar condominium buildings on the Gold Coast of the Upper East Side.

The home has been fully gut-renovated whilst maintaining its original character and prewar grandeur, featuring herringbone floors, decorative molding and arches, 10-foot ceilings, a wood-burning fireplace and a formal windowed Dining Room. The Primary Bedroom has two exposures, with a large walk-in closet with abundant fashion storage.

The Primary Bathroom features brass fixtures, a marble pedestal sink, handmade Moroccan tiled-flooring and a large soaking tub. The kitchen includes fixtures by Waterworks and appliances by Bertazonni and an LG Washer/Dryer combo. The additional Powder Room beyond the kitchen can easily be converted to a full laundry room and ample space and opportunity to create a full second bathroom if desired. Additional large storage room in basement included in the sale.

This perfectly maintained apartment is located in 50 East 72nd Street between Park and Madison and is one of the finest full-service white glove buildings on the Upper East Side, and one of the only prewar condominiums. Originally conceived in 1928, the building was later converted in 1985. With 15 floors and 48 units in total, this building feels like an exclusive co-op-providing an intimate boutique environment rarely granted by a condo building. The building is impeccably staffed with a full-time doorman, porters, and a live-in super. Bike storage in the cellar, foreign buyers and 90 percent financing permitted.

Broker/ Owner

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,040

Year Built

  • Built in 1928

HOA Fees

  • $2,134 Monthly HOA Fees

Home Design

  • 1,250 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Washer Dryer Allowed
  • South Facing Home

Community Details

  • 42 Units
  • 50 E 72Nd St Condo
  • Upper East Side Subdivision
  • 15-Story Property

Listing and Financial Details

  • Tax Block 01386

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,040

Year Built

Built in 1928

Lot Details

0

HOA Fees

$2,134 per month

Listing Details

  • Cross Street: MADISON AVENUE and PARK AVENUE
  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Upper East Side
  • Architectural Style: Prewar
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 15

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 1250.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

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

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2134.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Building Name: 50 E 72ND ST CONDO
  • Units: 42
  • Total Stories: 15
  • Year Built: 1928

Tax Info

  • Tax Block: 01386
  • Tax Annual: 14040.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2023
Closed on
Aug 17, 2023
Sold by
Seligman Jared
Bought by
Peterson Emmeline and Peterson William
List Price
$1,895,000
Sold Price
$2,895,000
Premium/Discount to List
$1,000,000
52.77%
Total Days on Market
56
Views
39
Current Estimated Value
$1,842,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,052,893
Avg. Annual Appreciation
-23.59%

Purchase Details

Closed on
Jul 11, 2016
Sold by
50 East 72Nd St Llc and % Dominion Management Company
Bought by
Seligman Jared

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,331,250
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2006
Sold by
50 East 72Nd Units Llc and Paul Dzigas %
Bought by
50 East 72Nd St Llc

Purchase Details

Closed on
Sep 23, 1999
Sold by
Sterling Partners Llc
Bought by
50 East 72Nd Units Llc

Range of Values:

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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
Peterson Emmeline $1,895,000 --
Seligman Jared $1,775,000 --
50 East 72Nd St Llc $558,000 --
50 East 72Nd Units Llc $366,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seligman Jared $1,331,250
Previous Owner Seligman Jared $266,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $2,895,000 +52.8% $2,316 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $1,895,000 -- $1,516 / 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 $18,768 $150,116 $32,525 $117,591
2023 $14,587 $144,140 $32,525 $111,615
2022 $13,966 $155,911 $32,525 $123,386
2021 $15,583 $127,031 $32,525 $94,506
2020 $13,464 $140,428 $32,525 $107,903
2019 $12,979 $137,328 $32,525 $104,803
2018 $14,914 $131,127 $32,525 $98,602
2017 $13,947 $123,561 $32,525 $91,036
2016 $13,221 $121,756 $32,525 $89,231
2015 $8,440 $109,909 $32,525 $77,384
2014 $8,440 $104,126 $32,525 $71,601
Source: Public Records

Map

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10880983

Real Estate Board of New York (REBNY)

APN: 1386-1010