5 East 16th Street, Unit 7
Description
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 Agent
![Linette Semino]()
linette.semino@compass.comP: (917)-362-7250
Amenities
- Loft Style
- Entire Floor
- Corner Unit
- Primary Ensuite
- City Views
- Exposed Brick
- Columns
- Sound System
Property Details for 5 East 16th Street, Unit 7
| Status | Sold |
|---|---|
| Days on Market | 177 |
| Taxes | $3,060 / month |
| Common Charges | $2,192 / month |
| Min. Down Pymt | 10% |
| Total Rooms | 6.0 |
| Compass Type | Condo |
| MLS Type | Condominium |
| Year Built | 1920 |
| County | New York County |
| Buyer's Agent Compensation | 2.75% |
Building
5 E 16th St
Location
Sold By City Sphere
Virtual Tour
Building Information for 5 East 16th Street, Unit 7
Payment Calculator
$32,667 per month
30 year fixed, 6.15% Interest
$27,415
$3,060
$2,192
Property History for 5 East 16th Street, Unit 7
| Date | Event & Source | Price |
|---|---|---|
| 11/19/2023 | Sold Manual | $4,999,999 |
| 11/09/2023 | $4,999,999 +2.4% / yr | |
| 09/22/2023 | Contract Signed Manual | — |
| 09/06/2023 | Price Change Manual | $5,250,000 |
| 05/02/2023 | Price Change Manual | $5,500,000 |
| 03/29/2023 | Listed (Active) Manual | $5,750,000 |
| 05/13/2014 | $6,500,000 | |
| 12/30/2013 | $6,500,000 | |
| 08/03/2007 | Sold RealPlus #17333c08d8d9ccd34fdc90fd6a1a00712699c005 | $3,400,000 |
| 08/03/2007 | $3,400,000 | |
| 02/06/2007 | Contract Signed RealPlus #17333c08d8d9ccd34fdc90fd6a1a00712699c005 | $3,600,000 |
| 10/23/2006 | Listed (Active) RealPlus #17333c08d8d9ccd34fdc90fd6a1a00712699c005 | $3,600,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5 East 16th Street, Unit 7
Schools near 5 East 16th Street, Unit 7
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Sixth Avenue Elementary School PublicPK to 5 | ||
Jhs 104 Simon Baruch Public6 to 8 | ||
Lower Manhattan Community Middle School Public6 to 8 | ||
Nyc Lab Ms For Collaborative Studies 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.
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