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409 East 49th Street

409 East 49th Street, New York, NY 10017
Property in Turtle Bay
Sold Sep 23, 2022
$3,730,000
$2,230,000 by 409 East 50th Realty Llc
Mortgage Due Sep 23, 2052
Sold May 16, 2019
$3,450,000
409 East 49th Street has been categorized by the local assessors in New York, NY as a residential type of property. The building on the property was first built in 1930 and is 94 years old. However, we must point out that the home was most recently renovated and altered in 1989. The building has a total of 4 stories. In addition, 409 East 49th Street has 3,340 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,004 ft and across the front of the lot is 194 ft. The area measurement of the land has been determined as 1,950 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Sep 14, 2022 for $3,730,000. That's $1,116.77 per sqft. Prior to that sales transaction, the property was also sold in May 7, 2019 for $3,450,000. 409 East 49th Street was last assessed in 2023. The total value of the property was assessed at $857,250. Specifically, the land the property is located on was valued at $300,799. While improvements on the property were assessed at a total of $556,451. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $0. The initial tax year of delinquency was in 2021. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Quadplex
  • Floor Count: 4
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,950
  • Lot Size Depth Feet: 1,004
  • Lot Size Frontage Feet: 194
  • Total Building Area: 3,340
  • Gross Building Area: 3,340
  • Building Area: 3,340
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,340
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.045
  • Standard Land Use Code: Quadruplex (4 units, any combination)

Ownership

  • Current Owner : REPUBLIC OF PALAU
  • Previous Owner : 409 EAST 50TH REALTY LLC
  • Owner Before Previous Owner: SRPLT LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: New York City Department Of Education
  • School Tax School District: MANHATTAN
  • Census Tract: 008603

Zoning

  • Zoning: R10

Geography

  • Account Number: 1-01362-0104
  • District: 06
  • Section: 507
  • Parcel: 01362-0104
  • Block: 1362
  • Lot: 104
  • Latitude: 40.7539
  • Longitude: -73.9656

    Address

  • Full Address: 409 E 50th St
  • Address - House Number: 409
  • Street Direction: E
  • Address - Street Name: 50th
  • Address - Suffix Type: St
  • State: NY
  • City Name: New York
  • Carrier Code: C150
  • 4-Digit Zip Code: 8070
  • Zip Code: 10022

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.242
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 4,423,974
  • High Value: 5,494,957
  • Low Value: 3,352,991

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,230,000
  • First Open Lien Mortgage Lender: 409 EAST 50TH REALTY LLC
  • First Open Lien Mortgage Recording Date: Sep 23, 2022
  • First Open Lien Mortgage Loan Amount: $2,230,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 23, 2052

    Market Valuation

  • Market Total Value: $1,905,000
  • Market Land Value: $1,050,000
  • Market Improvement Value: $855,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $857,250
  • Assessed Land Value: $300,799
  • Assessed Improvements Value: $556,451

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Transaction ID: 11896298813
  • Current Sale Price: $3,730,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2022000369549
  • Previous Sale Recording Date: May 16, 2019
  • Previous Sale Contract Date: May 07, 2019
  • Previous Sale Amount: $3,450,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: 409 EAST 50TH REALTY LLC
  • First Mortgage Transaction Date: Sep 23, 2022
  • First Mortgage Loan Amount: $2,230,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Midtown Manhattan



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Frequently Asked Questions

What neighborhood is 409 East 49th Street located in?
The 409 East 49th Street is a located in the neighborhood of Turtle Bay in Midtown Manhattan, New York.
What is the average sales price for listings in 409 East 49th Street?
The average sales price for units in 409 East 49th Street is $0 currently.

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