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875 5th Ave #1B
Score
84
New York, NY

875 5th Ave #1B

900K
0 bd • 2 ba • 0 sf

This analysis was generated on 3/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$900,000
-54%vs 10065
Price/Sq.Ft
$∞
+Infinity%vs 10065
Within Estimated Range
within range

Current Price

$900,000

Estimated Range

$875,000 - $925,000

$900,000
Below Market-20%
Above Market+20%

*AI analysis for entertainment only - not professional appraisal. Consult licensed professionals for property valuations.*

Market Data Points

4 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

AI Suggested Range (Entertainment Only)

$885,000
AI Success Estimate:High(75%)
*Entertainment only - actual results may vary*

AI Rationale

Accounts for needed renovations and market conditions. Seller motivation is high due to extended listing and potential carrying costs.

AI Analysis Score
84
78
Home Condition
75
Natural Light
90
Value
82
Location

*AI scoring for entertainment purposes only. Scores are subjective and not professional evaluations. Consult professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Dated Reception Chairs
Dated Reception Chairs

Dated Reception Chairs

The reception area chairs in image 1 have a dated appearance and may not appeal to modern tastes.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Oct
2024
$0Cash Purchase
October 28, 2024
From:Bovino, Ester, Jerald A Bovino
To:Ester Bovino As Trustee, Jerald A. Bovino As Trustee
Deed
Non-Arm's Length Transactions

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$900,000
-30%List: $900,000+30%
20%
$180,000of $900,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year, HOA: $4,884/month

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$239,850
Closing Costs
+$59,850
Down Payment
$180,000
Buyer Agent Fee
$22,950
Loan Fees
$7,200
Title & Escrow
$5,400
Inspections
$900
Transfer Tax
$9,900
Prepaid Expenses
$13,500

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
0 days
vs 114 day average
This is a new listing, while homes in this area typically sell in 114 days
Inventory Health
218
homes for sale
27 homes sold last month, indicating 8.1x more supply than demand
Price Dynamics
98.5%
of asking price
Homes typically sell for 1.5% below asking price

*Market analysis for entertainment purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$1,750,000
Current median price
+54.9%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests strong growth
Prices are up 46.9% over the last 3 months
3 Months
+46.9%
6 Months
+25.0%
1 Year
+54.9%

*Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.*

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales decreasing 32.0% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$1,750,000
3 Months Ago
$1,230,000
+42.3%

Schools

Nearby school quality by education level

Middle

8.0/10
Excellent

High

7.0/10
Good

Climate Risks

Assessment of climate-related hazards for this property

Moderate Risk Profile

This property has 0 severe, 0 major, and 3 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Inspect the ceiling and walls for water stains, especially near windows and in bathrooms.

Educational Questions

Sample questions for educational purposes

What specific upgrades or repairs have been made to the plumbing and electrical systems in the past 10 years?

Can you provide documentation of the building's maintenance schedule and any recent repairs related to the central air system?

What are the specific details of the capital assessment of $316.67/month, and what projects does it cover?

Can you provide a detailed breakdown of the HOA fees and what services they cover?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

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