New York (Chelsea), NY, 10011 | $835,000

Light, Air and Space!

This gorgeous, south facing, apartment sits on the 16th floor and features a windowed kitchen and stunning views. Adjacent to the kitchen is the generously sized living room that leaves plenty of room for both a living and dining area as well as the ability to fit a queen sized bed in the alcove. Other features include a huge walk in closet, high ceilings (that can be raised another 12 inches) large entry, and original hardwood floors to complete this fantastic home!

All of the windows and electrical have been updated throughout the apartment. The hardwood floors have been completely refinished and all the walls have been skim coated.

161 West 16th Street is an incredible full-service coop building that features a restored Art Deco lobby, roof deck with panoramic city views, central laundry and bike storage. Formerly known as the Barneys Building, this building has staff with 24 hour doorman, live-in superintendent, and porter. In the heart of vibrant Chelsea, 161 West 16th Street is easily accessible to transportation, and all that the Chelsea, Greenwich Village, West Village, Union Square and Flatiron neighborhoods have to offer. Pied-a-Terre’s and gifting are all allowed. Sublets considered after 1 year of ownership and with board approval. Building is pet friendly!

Heat, water, cooking gas and Verizon internet are all included in the maintenance!

Flip tax of 2% to be paid by buyer

Features

  • Town: New York
  • Levels: 20
  • Rooms: 2
  • Baths: 1 full
  • Laundry: Building Washer Dryer Install Allowed,Common Area
  • Year Built: 1930
  • Common Charge: $1,514 Monthly
  • Approx Sq. Feet: 0
  • View: City
  • Pet Policy: Building Yes,Yes
  • MLS#: RLS20089029
  • Days on Market: 79 days
  • Website: https://www.raveis.com
    /prop/RLS20089029/161w16thstreet_newyork_ny?source=qrflyer
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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 Find Properties   Phone: 212-300-6412

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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New York (Chelsea), NY, 10011

$835,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $668,000 $668,000 $668,000
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 $92 $92 $92
Initial Principal & Interest Pmt $3,741 $4,059 $5,592
Total Monthly Payment $3,833 $4,151 $5,684

* 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.