142 East 16th Street, #5A, New York (Gramercy Park), NY, 10003 | $769,000

Discover this large (approximately 950 sq. ft. ) one-bedroom, one-bath apartment located in a full-service, 22-story high-rise co-op in the heart of the charming Gramercy Park area. This quiet well-designed residence boasts a generous living room and dining area, a well-proportioned bedroom, and a bonus enclosed balcony. With two updated HVAC units, comfort is assured year-round.

The open kitchen with updated appliances, features a breakfast bar, dishwasher, and ample cabinet and counter space, making it perfect for cooking and entertaining. The expansive living room provides a tranquil view of the serene backyard gardens on 17th Street, thanks to four large windows in the enclosed balcony, which can also serve as a private home office or guest room. The sizable bedroom easily accommodates a king-size bed and includes a spacious walk-in closet. Storage is plentiful, with a total of four closets throughout the apartment.

Building amenities include a full-time doorman, central HVAC, a common outdoor garden and central laundry facilities for added convenience. Storage cages and additional bike storage are available for rent. The building also has an on-site live-in super as well as a handyman.

This pet-friendly and smoke-free building permits subletting for 3 out of 5 years after a 2-year residency. While there is a parking facility on-site, please note that it is currently wait-listed. The building is also planning for a new lobby.

Centrally located near Union Square Park and the Farmers Market, this apartment is just blocks away from Trader Joe's, Whole Foods, and an array of top-rated restaurants. Local subway and bus transportation options are also conveniently close, making commuting a breeze.

Don't miss the opportunity to make this lovely Gramercy Park apartment your new home!

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 22
  • Amenities: Bike Room; Garage; Courtyard; Garden; Laundry Room; Common Storage;
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: Gramercy Spire
  • Year Built: 1964
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: No
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: Yes
  • LobbyAttendant: FullTime
  • OLR#: RPLU5123224174
  • Days on Market: 78 days
  • Website: https://www.raveis.com
    /prop/RPLU5123224174/142east16thstreet_newyork_ny?source=qrflyer
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 Douglas Elliman Real Estate

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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

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142 East 16th Street, #5A, New York (Gramercy Park), NY, 10003

$769,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $615,200 $615,200 $615,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 7.125% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.474% 7.282% 6.412
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,249 $4,145 $5,233
Total Monthly Payment $4,341 $4,237 $5,325

* 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.