16 West 16th Street, #14DN, New York (Flatiron District), NY, 10011 | $499,000

Welcome home to Apartment 14DN in Flatiron's Chelsea Lane! This rarely available, unique-to-the-building studio has space for comfortable living, incredible Empire State Building city views, and islocated off Fifth Avenue at the cross-section of Union Square, Greenwich Village and Chelsea.

This lovely home is move-in ready or the perfect blank canvas to design your own space. Enter into the wide foyer, complete with two oversized closets that offer ample storage. Your open-style kitchen is equipped with all the essentials, plus space for dining that easily seats 4-6 (or the addition of a breakfast bar/island - see alternate floorplan). Your bathroom is bright and spacious, located separate from the rest of the space.

This studio layout offers flexible space ready to be re-imagined into the perfect place for you to call home or to design into a chic NYC pied-a-terre. Oversized windows let natural sunlight illuminate this 14th floor apartment and offers spectacular northern city views overlooking 5th Avenue that greet you as soon as you walk in. Built-in shelves and wood floors throughout the space offer functional charm and style.

16 West 16th Street "The Chelsea Lane", is one of Flatiron's most sought-after buildings. Amenities include a fully staffed lobby with a 24-hour doorman, live-in super and on-site managing agent with a well trained staff of handymen & porters with 24-hour coverage. Easy access to laundry, storage, bike room and garage on buildings lower level.

Conveniently located seconds from the Union Square Farmers Market, lower Fifth Avenue/Flatiron's world-renowned restaurants & some of the best shopping NYC has to offer. The building's central location is by all of Manhattan's major public transportation, so getting around town is incredibly convenient!

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 14
  • Amenities: Bike Room; Garage; Courtyard; Garden; Laundry Room; Common Storage;
  • Rooms: 2
  • Baths: 1 full
  • Complex: Chelsea Lane
  • Year Built: 1960
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: No
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • LobbyAttendant: No
  • OLR#: RPLU5123177358
  • Days on Market: 78 days
  • Website: https://www.raveis.com
    /prop/RPLU5123177358/16west16thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate - Park Plaza

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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16 West 16th Street, #14DN, New York (Flatiron District), NY, 10011

$499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $399,200 $399,200 $399,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,656 $2,653 $3,423
Total Monthly Payment $2,731 $2,728 $3,498

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.