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Gramercy Spire, 142 East 16th Street, #5H

$963,000 | 1 bed, 1 bath
View Full Building Profile  | 
27 days on Market

Key Details

  • Listed: Apr 10, 2024
    Days on Market: 27
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $1,973
Est. Monthly Mortgage: $5,324
Total Est. Monthly Carrying Cost: $7,297
Note: the above is based on a down payment of 20% ($192,600), which is the minimum amount permitted by the building.

Description

Oversized move-in ready one bedroom with dining area and open kitchen, PLUS enclosed terrace perfect for home office!

The entertaining space is nearly 30’ long, and starts with a great open kitchen featuring stainless appliances and an extra deep white quartz breakfast bar. This opens directly to the large dining area boasting custom designed banquet seating with tons of built in hidden storage.

The expansive living room is 12.4x22.6, and at the end you will find an unexpected bonus: the enclosed 6.4 x 12.8 terrace overlooking a pretty tree-lined western exposure, which is perfect for your home office, your Peloton, your morning coffee nook - or all 3!

The home has 4 large closets, including an upgraded walk-in in the bedroom, central heat and air, plus lovely redone plank flooring in the living room.

To top it all off, it is perfectly located at the crossroads of Gramercy, Irving, and Union Square.

It is near all major shopping, the Farmers Market, and express transportation.

Building Notes:

The Gramercy Spire is a full service, 24 hour doorman co-operative. Built in 1963, with 147 units on 22 floors, the building features an iconic entrance, parking garage, laundry and bike room.

The co-op permits pets (with approval), pied-a-terre purchases, co-purchasing, and gifting. 75% financing is permitted. Flip tax is 2% by seller.

Please note this is a non-smoking building.

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Apartment Amenities

  • Western Exposures
  • Terrace
Listing courtesy of Olshan Realty Inc

Pricing History

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About Gramercy Spire, 142 East 16th Street

54

Gramercy Spire, 142 East 16th Street has received a CityRealty Rating of 54, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

22
Out of 44
+
21
Out of 36
+
11
Out of 39
=
54
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 50 blocks 1 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Many 2 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • FT Doorman
  • High-Rise
  • Post War
  • Central AC
  • Full Service Garage
  • Garden
  • Washer/Dryer in building
  • Elevator
  • On-Site Parking
  • Outdoor Entertainment Space
  • Laundry Room
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Convenient to the Union Square- Gramercy Park and Flatiron Districts
  • Garage
  • Excellent public transportation
  • Many balconies- some at the corners
  • Doorman
  • Just to the east of Irving Place and many pleasant restaurants
  • Very close to attractive Stuyvesant Park
  • Close to Subway
Cons
  • Bustling area with considerable traffic on Third Avenue
  • Not many major views
  • No sundeck
  • No health club
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Subways

  1. L
at 3rd Ave and 14th 0.13 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at 4th Ave and 15th 0.16 miles

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