Experience luxury living at 161 West 16th Street in the heart of Chelsea. Residence 9C is a meticulously renovated Junior 1-Bedroom with northern exposures. The formal entry foyer features an exposed iron door, spacious coat closet, dressing room with abundant storage, and a newly renovated bathroom with a glass stall shower, white subway tile, mosaic accents, recessed lighting, vanity, and medicine cabinet.
The bright living room, with newly finished hardwood floors and beamed ceilings provides ample space for entertaining. There is also a thoughtfully designed area to serve all your work from home office needs. The adjacent bedroom fits a queen-sized bed and additional furniture. The windowed kitchen, partially open to the living room, includes stainless steel appliances, full size dishwasher, marble countertops, backsplash, and Oak wood cabinets. Functional and chic, this home will check off everything on your wish list!
Centrally located in Chelsea and adjacent to Union Square, West Village, and Meatpacking District, 161 West 16th is a highly coveted and established coop with stellar financials. Residents enjoy a furnished roof-deck with 360-degree Manhattan and Hudson River views, a well-maintained laundry room, bike room, full-time doorman, and superintendent. Located off 7th Avenue, this Art-Deco building is near Cafeteria, Sabon, William Sonoma, and Furniture Row, with easy access to the1, 2, 3, A, C, E, F, M trains. Call for an appointment asap! ASK me about a possible rate buy down concession. PURCHASE this home with an interest rate that is 2% below market prevailing rates. Let's discuss.
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,327 | $4,253 |
Total Monthly Payment | $3,419 | $3,419 | $4,345 |
* 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.