New York (Chelsea), NY, 10011 | $650,000

Sun-strewn and spacious in the heart of Chelsea! Never underestimate what a studio can offer, and apartment 5C is a perfect example of how versatile one can be. There's a renovated windowed kitchen that features stainless-steel appliances, including a Fisher & Paykel refrigerator, dark wood cabinetry and a richly toned green tiled backsplash. The living/dining area is roomy enough for entertaining whether it's mealtime or movietime. The sleep alcove easily fits a queen-sized bed and bureau, and a slender closet with floor-to ceiling shelves offers additional storage. The dressing area could also double as a home office. The bathroom features a marble vanity and original floor tiles. Other features of the apartment include uplighting in the living room, custom shades, wide-plank hardwood floors, a walk-in closet and an in-wall split air conditioner. Steel support columns lend a cool industrial vibe and offer additional space for books and collectibles.

161 West 16th Street is everything one expects from a premier full-service building: 24-hour doorman, live-in super, beautifully maintained, pet-friendly, bike room, laundry room and a furnished and landscaped rooftop terrace with spectacular views of the city. The location could not be better: the 1/2/3/A/C/E/L subway lines are close by, as are myriad restaurants and cafes, retail shops, art galleries in the Meatpacking District, as well Little Island, Chelesa Market, the Whitney, the Highline and so much more.

Features

  • Town: New York
  • Cooling: Other
  • Levels: 19
  • Rooms: 3
  • Baths: 1 full
  • Laundry: Building Other
  • Year Built: 1929
  • Common Charge: $1,343 Monthly
  • View: Other
  • Pet Policy: Building Dogs OK,Building Yes,Dogs OK,Yes
  • MLS#: RPLU-33423245797
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/RPLU-33423245797/161w16thstreet_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 Corcoran Group   Phone: (212) 355-3550

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

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Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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New York (Chelsea), NY, 10011

$650,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@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 $520,000 $520,000 $520,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,547 $3,456 $4,385
Total Monthly Payment $3,639 $3,548 $4,477

* 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.