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16 West 16th Street #4PS
Coop in Chelsea •  building info
2bd • 2ba
Sold price

$1,750,000

Key Details
Days on market
154
Last price change
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Estimated payment
$10,644
Monthly taxes
N/A
Monthly maintenance
$1,795
Description
Welcome to 16 West 16th Street, also known as the Chelsea Lane, one of the most coveted full-service cooperatives right off of Fifth Avenue in the heart of Chelsea. The Chelsea Lane is home A fantastic south facing two bedroom split bedroom layout with private Terrace and separate dining area. A fantastic south facing split two bedroom split l layout offers a private terrace and separate dining area. The size of the kitchen is great for preparing and entertaining. This property is in excellent condition and conducive for all needs. With a full-time doorman, porters and caring resident manager, the building boasts a renovated lobby, on-site garage, storage and bike storage. The building has very low maintenance, thanks to its excellent financials and strong reserve fund. The Chelsea Lane is ideally located near every subway line in Manhattan, and the best shopping, nightlife and restaurants the city has to offer. Pets are allowed with board approval. Flip tax 2% of the gross sale price paid by seller.

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Important Stuff
Doorman
Elevator
Pets allowed
Listing Amenities
Storage Available
Building Amenities
Bike Room
Outdoor Space
Terrace
Courtyard
Coop Rules
Pied-a-Terre Allowed
History
What it'll cost
Purchase price
$1,750,000
Asking Price: $1,750,000
Term
30 Years
Down Payment
$350,000 (20%)
Min: 20% (350,000)
Rate
6.5 %
Mortgage Amount
$1,400,000
Mortgage Payment
$8,849
Maintenance
$1,795
Estimated closing cost
$25,000
Total monthly cost $10,644
Listing Courtesy of Douglas Elliman

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