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Presented by
Suzanne Walsh Team |
33-Foot-Wide Flatiron Townhouse 30% Reduction $10. 5M
With a 30% price reduction, this extraordinary 33-foot-wide townhouse is a true rarity in Manhattan. Just off Fifth Avenue and adjacent to Greenwich Village's distinguished Gold Coast, it stands at the nexus of Flatiron, Chelsea, and the Village—an address that combines scale, history, and location.
Measuring approximately 8500 square feet, the building retains original details including a graceful spiral staircase, parlor floor entry with high ceilings, ornate mantles, and decorative plasterwork. Currently arranged as 8 apartments, the property provides immediate income with long-term potential upside. Its flexible as-of-right zoning allows for residential, commercial, mixed-use, or institutional purposes, whether held as an investment, adapted as a foundation headquarters, or reimagined as a private residence of extraordinary breadth. The property also carries approximately 9, 350 square feet of air rights, subject to DOB and LPC approvals.
Built circa 1846, No. 7 is a rare Greek Revival bow-front townhouse, part of a distinguished row developed under a restrictive covenant to ensure elegance and uniformity along West 16th Street. With its finely detailed stone entrance and broad facade, it remains remarkably intact. Designated a New York City Landmark in 1990, it endures as one of the few surviving examples of the neighborhood’s early residential development west of Union Square.
Distinguished by its width, history, and location, 7 West 16th Street is one of the city's rare townhouse offerings—now attractively priced at $10, 500, 000.
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.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$9,999,999
Sales Vice President
William Raveis Real Estate
Phone: 860.306.1927
Suzanne.Walsh@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 970.390.2521
John.Kirkutis@raveis.com
NMLS Mortgage Loan Originator ID 1424716
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $7,999,999 | $7,999,999 | $7,999,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $44,798 | $48,609 | $66,969 |
| Total Monthly Payment | $44,923 | $48,734 | $67,094 |
* 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.