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142 East 16th Street #8C is a bright, well-designed studio just minutes from Union Square!
The oversized living room offers plenty of space for a dedicated dining area, and the bedroom features both northern and eastern exposures for great morning light.
The windowed kitchen is finished with custom cabinetry, stainless steel appliances, granite countertops, and a glass tile backsplash. The bathroom has been renovated with quartzite, a rain showerhead, a linear drain, and modern fixtures.
A custom walk-in wardrobe sits outside the bathroom and there are two additional large closets located near the entry.
Gramercy Spire is a full-service co-op with a full-time doorman, live-in super, laundry room, bike storage, and garage access. Pets, pied--terres, co-purchasing, gifting, and subletting (three out of five years after living in the apartment for at least two years) are permitted with board approval. Guarantors are not allowed.
Youre less than five minutes from everything Union Square offers, including Trader Joes, Whole Foods, the Greenmarket, and multiple subway lines the 4, 5, 6, N, Q, R, W, and L trains.
If youre familiar with the building, you may be wondering about the current assessment. The seller has already paid it off, so you benefit from the new entryway and the outdoor space off the lobby without the added expense!
There is a 2% flip tax paid by the seller.
All dimensions and measurements are estimates. We support Fair Housing.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,593 | $3,743 | $4,942 |
| Total Monthly Payment | $3,685 | $3,835 | $5,034 |
* 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.