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Why you should buy this apartment : 1. Ceiling Height 16. 5-foot ceilings are extraordinarily rare under $1. 5M downtown. This creates: visual volume loft feeling dramatic entertaining space flexibility for library walls, art collections, or mezzanine-style design 2. Authentic Downtown Character Many newer condos feel interchangeable. This apartment offers: exposed brick townhouse scale original detailing boutique ownership experience 3. Location The location is arguably stronger than Chelsea and often stronger than Greenwich Village from a convenience standpoint. You’re between: Union Square Flatiron Chelsea Greenwich Village This is a “walk everywhere” location. Urban Sophistication in Flatiron Co-op at 31 W 16th St A truly unique one-bedroom, one-bathroom parlor floor loft located in the heart of Manhattan. This impeccably renovated co-op boasts a blend of history and modern architecture, featuring a spacious living area with exposed brick, decorative moldings, hardwood floors and impressive 16. 5-foot high ceilings. Natural light floods the interior through south-facing, double height windows that open to a juliet balcony. Enjoy cozy evenings by the working fireplace. The custom kitchen is a showstopper. Equipped with open shelving, breakfast bar, premium caesarstone countertops and backsplash. High-end stainless steel appliances include a stove, wine cooler, and dishwasher. Its seamless, stately design makes entertaining a breeze. The spiral staircase enhances the charming character of the home and provides access to the bedroom, additional space for a small home office and primary ensuite bathroom. Additional conveniences include your own in-unit washer and dryer, Nest-controlled central AC and heat, and video doorbell for added security. 31 West 16th Street is an intimate pet-friendly (up to 35lbs) building that allows parental co-purchase and guarantors (Children should be employed) however pied-à-terre living is not permitted. Located on 16th Street just off lower Fifth Avenue, with some of the best shopping in the city, you will feel in the heart of it all.
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.
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Our Executive Mortgage Banker:
$1,149,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $919,200 | $919,200 | $919,200 |
| 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 | $5,147 | $5,585 | $7,695 |
| Total Monthly Payment | $5,272 | $5,710 | $7,820 |
* 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.