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$2,456,250
List Price: $2,500,000
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305 West 16th Street #PHD
Condop in Chelsea •  building info
3bd • 2.5ba
Buy with Yoreevo

$2,456,250

List Price

$2,500,000

Key Details
Days on market
33
Last price change
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Estimated payment
$18,023/mo
Taxes
N/A
Maintenance
$5,709/mo
Description
FOR INVESTORS - TENANT IN PLACE UNTIL 8/30/26 Enjoy Chelsea living at its finest in this stunning three-bedroom, two-and-a-half-bathroom penthouse featuring extraordinary light and views, contemporary designer interiors and a private roof deck in an exceptional full-service Chelsea condop. This 1,449-square-foot residence makes a dazzling first impression with carbonized bamboo flooring, tall ceilings and quiet double-pane windows spanning the southern and eastern exposures. A gracious foyer flanked by a coat closet and powder room invites you into the corner great room, where the generous footprint for living and dining areas is wrapped in phenomenal open-sky views. Chefs will love the sleek open kitchen where custom Italian cerused Wenge cabinetry and Caesarstone countertops surround a fleet of upscale appliances, including a Bosch cooktop and oven, a Fisher & Paykel refrigerator and a built-in microwave. The desirable split layout places the owners suite along the southern exposure, where youll enjoy king-size proportions, a walk-in closet and a chic en suite bathroom finished with a large/tub shower, custom Italian-made cabinetry, Roca tile and Grohe fixtures. Two secondary bedrooms offer roomy closets and easy access to a second full bathroom with a rain shower. Head to your magnificent 680-square-foot roof deck for al fresco dining and entertainment alongside views that stretch across Manhattan to the Empire State Building and the super-tall skyscrapers of Midtown. This residence presents a lucrative investment opportunity with its unlimited subletting policy from day one. Whether seeking a primary residence or a high-yield rental asset, this condop offers versatility and profitability. Launched in 2011, 305W16 is a luxury cooperative with condominium rules designed by SLCE Architects and topped by the iconic 35-foot-tall flowerpot sculpture by Robert Buchholz. Residents enjoy 24-hour doorman service, a chic lobby, a package room, a fitness center with a Peloton bike, laundry and a lovely landscaped roof deck, plus storage and bike storage for an additional fee. Investor friendly, subletting, pieds--terre and co-purchasing allowed. No flip tax. Located where Chelsea meets the Meatpacking District and West Village, this spectacular home is at the epicenter of Manhattans most exciting neighborhoods. Take in stunning works of art at the Whitney and West Chelseas renowned galleries, or peruse the attractions at Chelsea Market. Enjoy fantastic dining and nightlife in every direction, including Jacks Wife Freida, Elmo, Cafeteria, RH Rooftop and Pastis. Youll find breathtaking waterfront outdoor space at the High Line and 550-acre Hudson River Park, including delightful Little Island Park. Transportation from this centrally located neighborhood is unbeatable with A/C/E, L, 1/2/3, F/M and PATH trains, excellent bus service and CitiBikes all nearby NOTE: Some photos have been virtually staged

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Important Stuff
Elevator
Pets allowed
Washer/Dryer in unit
Full Time Doorman
Policies
Pied-a-Terre Allowed
Home features
Dishwasher
Hardwood floors
Storage Available
Private outdoor space

Roof Deck

View

City, Skyline

Building amenities
Services and facilities
Bike Room
Fios Available
Land Lease
Laundry in Building
Package Room
Storage Available
Storage Space
Wellness and recreation
Gym
Shared outdoor space
Roof Deck
Building info

History
What it'll cost
Purchase price
$2,500,000
Asking Price: $2,500,000
Term
30 Years
Down Payment
$500,000 (20%)
Min: 20% (500,000)
Rate
6.25 %
Mortgage Amount
$2,000,000
Mortgage Payment
$12,314
Maintenance
$5,709
Estimated Yoreevo rebate
$43,750
Estimated closing cost
$39,000
Total monthly cost $18,023
Buy your dream home with us and get an estimated $43,750 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Compass

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