Welcome to the iconic Gramercy Spire, located at 142 E 16th Street, apt 17E, New York, NY, 10003. This spacious 1 bedroom, 1 bathroom apartment is nestled on the 17th floor, boasting stunning Eastern views and an abundance of natural light.
The apartment retains its original charm with parquet floors and a vintage bathroom, while the kitchen has been modernized with new stainless steel appliances. Storage is plentiful, with four large closets available. The living room and bedroom are equipped with recently upgraded HVAC units for your comfort.
Step outside onto the large terrace, perfect for outdoor dining or relaxation. This prime location is just steps away from Union Square, Trader Joes, and a variety of subway lines. Every week, Union Square hosts a Farmer's Market, bringing fresh produce from across the Tri-State area.
The Gramercy Spire offers a full-time 24hr Doorman, Live-in Super, and porter, with additional amenities including bike storage, laundry facilities, and a garage for residents. The building is pet-friendly and allows subletting under specific conditions 3 out of 5 years after 2 years of ownership, Pied A Terres are permitted as well as Co-Purchasing.
Experience the charm and convenience of this residence. Contact us today for a private tour The Gramercy Spire is very Pet Friendly and allows subletting for
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $3,717 | $4,716 |
Total Monthly Payment | $3,859 | $3,809 | $4,808 |
* 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.