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A blog from CityRealty (Links below will take you to the 6sqft site)
In Contract

5 East 16th Street, #4

$5,250,000 ($1,313 per ft2) -12.4% | 4 beds, 2.5 baths | Approx. 4,000 ft2
227 days on Market

Key Details

  • Listed: Jan 1, 2022
    Last Price Change: -12.4% ($745,000) on May 26
    Days on Market: 227
    Building Type: Condominium
    Neighborhood: Flatiron/Union Square (Manhattan)
    Listing viewed 485 times
Monthly Common Charges: $1,985
Monthly Real Estate Taxes: $2,703
Total Taxes & Fees: $4,688 ($1.17/ft2)
Est. Monthly Mortgage: $23,506
Total Est. Monthly Carrying Cost: $28,194 ($7.05/ft2)
Note: the above is based on a down payment of 20% ($1,050,000), which is the minimum amount permitted by the building.

Description

Live the downtown dream in this expansive full-floor condominium loft just steps off Fifth Avenue in Flatiron’s Photo Arts building. The key lock elevator opens into a gracious entry foyer of frosted glass and elegant wood. From there you enter the glorious great room where comfort and luxury abound with the home’s soaring ceilings, walls of southern facing windows, and a dramatic open living plan.

Enjoy both casual and formal entertaining from the chef’s kitchen leading into the enviable double living room, large dining area, and cozy private den. Simply perfect for entertaining on a grand or very personal scale. The primary bedroom boasts a glamorous, oversized en-suite spa bath with double sinks, a private steam shower, a private toilet stall, and a private dressing area.

The guest bedroom also has an en-suite bath with Pentelic marble. The powder room is tastefully finished. There are abundant closets and built-in storage space throughout this quintessential New York loft.

The Union Square Farmer’s Market is a stone’s throw away. This mixed-use condo offers fantastic flexibility for both home and office. Currently lives as a three-bedroom and easily converts to four bedrooms, this captivating and chic home has it all.

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Listing Agent (Seller's Representative)

Similar Apartments Nearby

 

Pricing History

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About 5 East 16th Street

  • Condo
  • Built in 1920
  • 12 Floors

Building Amenities

  • Intercom
  • Elevator

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Subways

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at Broadway and 16th 0.12 miles
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at 6th Ave and 16th 0.24 miles
Listing provided courtesy of Compass