Mint-Condition, Fully-Renovated, South-Facing L-Shaped Alcove Studio in Flatiron Premier Doorman Building | Excellent Closet / Storage Space | Low Monthly Maintenance Convertible to 1 Bedroom - Seller will offer a closing credit toward constructing a wall, if purchaser prefers the separation - See alternate floorplan Welcome home to your peaceful urban oasis! This stunning, gut-renovated apartment is an incredible value and centrally located in prime Downtown Manhattan at the crossroads of Union Square, Flatiron, Greenwich Village, and Chelsea. Upon entering, you feel immediately at home in the comfort and 'chic-ness' of the space. This home is south-facing over the interior courtyard - The light is wonderful and the apartment is very quiet. Brand-new floors were put in by the current owner just a couple years ago. Storage is excellent throughout - There are over 12 feet of closets along the foyer as you enter, and 2 additional closets in the dining and bedroom areas, all outfitted with ELFA built-ins and attractive, premium floor-to-ceiling tinted glass sliding doors. Just past the hallway closets there is a lovely nook which works perfectly as a desk / work-from-home space. To the right off the foyer is the exquisitely-renovated open kitchen, complete with high-end appliances (Liebherr refrigerator, Bertazzoni range, Bosch dishwasher, LG microwave), oversized kitchen sink with Danze pull-out kitchen faucet, sleek white custom cabinetry, quartz counters, glass backsplash, and imported Italian stone floors. The main living space overlooks the building's landscaped courtyard garden and receives abundant southern light. There is plenty of room for a full living room set and dining table + chairs with seating for 4. The bedroom area is large with space for a queen bed, side tables, and the floor-to-ceiling closet is large with beautiful tinted glass doors. Just off the bedroom is the tastefully-designed Italian marble bathroom sporting Hansgrohe shower tower with 5 body sprays, 2 shower heads, and a handheld shower head, and sliding glass shower doors. Additional apartment features include modern plank floors throughout and a Frigidaire 14, 000 BTU AC unit, installed in 2019. 16 West 16th Street is one of downtown’s premier full-service co-ops, conveniently located near Union Square just off 5th Avenue & 16th Street. Amenities include 24/7 doorman & concierge, newly-updated common laundry room, storage, bike storage, and parking garage on-site. The building is pet friendly; and co-purchasing, guarantors, pied-a-terre, and subletting are allowed with board approval. Additionally, the main lobby and all common spaces have been recently renovated, brand-new! This incredible home is move-in-ready in a doorman building in prime Downtown Manhattan - Call, text, email for more info and to schedule a visit today!
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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 | $620,000 | $620,000 | $620,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,125 | $4,121 | $5,316 |
Total Monthly Payment | $4,217 | $4,213 | $5,408 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.