16 East 98th Street, #1C, New York (Upper East Side), NY, 10029 | $695,000

Step into Apartment 1C at 16 East 98th Street, a beautifully renovated one-bedroom, one-bathroom home with a relaxed modern design. Complete with a sleek wine bar, pocket doors, wide plank oak floors, and a palette of soft neutrals, this home exudes a refined and warm minimalist mood.

High ceilings and large windows allow in natural light throughout the day, complemented by southern exposures that overlook the building's lush communal garden. Intertwined with the living and dining areas, the open chef's kitchen is both functional and welcoming with a large island, custom cabinetry, quartz countertops, and premium Bertazzoni appliances.

The south-facing bedroom is tucked away and surrounded by closets as well as the attractive and bright bathroom with a tub. The apartment is also ready for an in-unit washer and dryer to be installed, adding extra convenience to this serene escape from city life.

Built in 1925, 16 East 98th Street is a well-established and pet-friendly cooperative where residents enjoy access to a lovely garden with a grill, a central laundry room, private storage options, an elevator, and a live-in superintendent. Nestled just half a block from Central Park and surrounded by some of New York's finest cultural institutions - including the Guggenheim, MET, and Cooper Hewitt, Smithsonian Design Museum, all on Museum Mile - this location offers a balance of cultural access and tranquility.

Whether you're looking for a full-time residence or the perfect pied- -terre, this apartment is a true sanctuary. Co-purchasing, parent purchasing, and subletting are all permitted with board approval. The building allows for 80% financing and there is a 2% flip tax.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 9
  • Amenities: Bike Room; Courtyard; Laundry Room; Private Storage;
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Year Built: 1922
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Building Access : Elevator
  • Service Level: Video Intercom
  • OLR#: RPLU21923263117
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /prop/RPLU21923263117/16east98thstreet_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 Brown Harris Stevens Residential Sales LLC

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NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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16 East 98th Street, #1C, New York (Upper East Side), NY, 10029

$695,000

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 $556,000 $556,000 $556,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,699 $3,695 $4,689
Total Monthly Payment $3,791 $3,787 $4,781

* 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.