5 East 16th Street, Unit 7

Sold 11/9/23Virtual Tour
Sold 11/9/23Virtual Tour
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Sold
Last Sold Price
$4,999,999
3 beds4,100 sqft$1,220/sqft
5 East 16th Street, Unit 7, Flatiron
Building Info: 5 E 16th St, 12 stories, Built 1920
CondoProperty Type
1920Year Built
$1,220/sq ftPrice per sq ft
$2,192/moCommon Charges
Pets welcomePet policy

Description

This full-floor CONDO, is truly the most unique loft on the market!. Currently configured as a 3 bedroom, it can be converted into 4 bedrooms. Approximately 4,100 sq. ft., the sense of expansiveness starts at the entry where a keyed elevator leads into the grandly scaled entertaining spaces. This massive loft was designed by acclaimed Naiztat + Ham Architects, a boutique Downtown architecture firm that is one of the most desired firms in NYC. This move-in ready loft offers its residents a chic and...This full-floor CONDO, is truly the most unique loft on the market!. Currently configured as a 3 bedroom, it can be converted into 4 bedrooms. Approximately 4,100 sq. ft., the sense of expansiveness starts at the entry where a keyed elevator leads into the grandly scaled entertaining spaces. This massive loft was designed by acclaimed Naiztat + Ham Architects, a boutique Downtown architecture firm that is one of the most desired firms in NYC. This move-in ready loft offers its residents a chic and stylish home for living and entertaining. With stunning proportions, the layout affords three-bedrooms with two full bathrooms and a powder room. A bonus room, currently used as an office/library/guestroom, can be transformed into a fourth bedroom - see alternate floor-plans included and the last photo of the room visually staged.

This airy loft was designed by acclaimed Naiztat + Ham Architects, a boutique Downtown architecture firm that is one of the most desired firms in NYC. Naiztat + Ham Architects beautifully blended modern finishes with original industrial details that include barrel-vaulted terra-cotta ceilings 12’8’’ tall, exposed brick walls, four steel columns, exposed water pipes and fourteen oversized windows. The windows drench the interiors with natural light while framing fabulous New York City skyline views. This seventh-floor loft has Southern, Northern, and Eastern exposures and is equipped with electronic solar shades. For maximum privacy, the bonus room features electronic floor-to-ceiling blinds.

The all-white Italian Boffi kitchen flows seamlessly into the open dining area and exhibits a minimalist design with no handles. A floor-to-ceiling wall system with sliding doors, conceals a Subzero refrigerator and two separate drawer-freezers, and Gaggenau wall ovens. It also provides plenty of shelving and storage space for groceries and small appliances. The island features a six-burner Boffi cooktop stove and storage on both sides. This Italian made kitchen also offers a wine cooler.

The primary bedroom and secondary bedroom have north-facing oversized windows with views of East 17th Street. The primary bedroom boasts a massive walk-in closet and an en suite bathroom with double sinks, a deep soaking tub, a stall shower, and a heated towel rack. The secondary bedroom has built-in storage and ample space for bedroom furniture. The East-facing third bedroom has an en suite full bathroom, a walk-in closet, and a built-into-the-wall shoe closet.
Moreover, this residence has a laundry room with a folding and ironing area. Other features of the loft include: a three-zone sound system; central air-conditioners; a media system; and an alarm system.

The Photo Arts Building is a beautiful landmark prewar condominium with a passenger elevator and an attended second elevator suitable for deliveries. There is an amazing full time super. Located at the nexus between the Flatiron District and Union Square, it is a half-block from Union Square Park and the acclaimed greenmarket, and it is surrounded by trendy restaurants, bars, cafes, and shops. Pets are welcome.

Notes: The CC is $2,192.14 - super low. There is a monthly capital assessment of $1,818.33 until 2028. This is part of a 10yr. capital assessment that the building levied on the residents for upgrades and necessary work coming up over the next few years. 2023 taxes on the unit are $36,713.60 (with STAR credit), making your monthlies for less than $1.69/sqft
Listing closed: 11/09/2023 12:00 AM

Amenities

  • Loft Style
  • Entire Floor
  • Corner Unit
  • Primary Ensuite
  • City Views
  • Exposed Brick
  • Columns
  • Sound System
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Location

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$34,319 per month

30 year fixed, 6.71% Interest

Principal and Interest

$29,067

Property Taxes

$3,060

Maintenance/Common Charges

$2,192

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Property Information for 5 East 16th Street, Unit 7

Property Details
  • Taxes: $3,060 / month
  • Min. Down Pymt: 10%
  • Total Rooms: 6.0
  • MLS Type: Condominium
  • County: New York County
  • Buyer's Agent Compensation: 2.75%
Building Information
  • Building/Complex: 5 E 16th St
  • Floor: 7
  • Stories: 12
  • Residences: 12
  • Pet Policy: Allowed
  • Pet Policy Details: Pets allowed.
  • Year Built: 1920
  • Building Age: Pre-war
  • Building Type: Midrise

Property History for 5 East 16th Street, Unit 7

DateEvent & SourcePriceAppreciationLink
Nov 19, 2023

Sold

Manual

$4,999,999——
Nov 9, 2023

Sold (Public Record)

ACRIS #2023111600330002

$4,999,999

+2.4% / yr

Sep 22, 2023

Contract Signed

Manual

——
DateEvent & SourcePrice
11/19/2023

Sold

Manual

$4,999,999
11/09/2023

Sold (Public Record)

ACRIS #2023111600330002

$4,999,999

+2.4% / yr

09/22/2023

Contract Signed

Manual

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5 East 16th Street, Unit 7

Taxable ValueLand-Additions-Total-
Home Facts
APN1008441007

Schools near 5 East 16th Street, Unit 7

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Sixth Avenue Elementary School
Public - PK to 5
Jhs 104 Simon Baruch
Public - 6 to 8
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Rating
School
Distance
Sixth Avenue Elementary School
PublicPK to 5

Jhs 104 Simon Baruch
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Flatiron
Flatiron
A historic district with a modern finish. With its central location, Flatiron is great for those who want a little bit of everything. Bustling daytime transit dissipates into relaxed evening strolls as Flatiron bends to be energetic when you want it, and peaceful when you don’t.
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