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Outdoor lovers delight! Tucked away on an idyllic and quiet block just off of Irving Place, this thoughtfully designed duplex penthouse offers a rare combination of refined indoor living and private outdoor space in one of Manhattans most historic and coveted neighborhoods.
Flanked by Gramercy Park to the North, Union Square to the West, and Stuyvesant Park to the East, this location offers rare serenity with zero cross traffic while still being minutes from some of Manhattans most iconic neighborhoods and the lively Union Square North, with easy access to its famous Greensquare Farmers Market and major subway hub (4/5/6, N/Q/R/W, L).
Upon entering this thoughtfully designed duplex, youre immediately welcomed by an expansive open layout, flooded with natural light and framed by clean, modern finishes. The first floor seamlessly blends living, dining, and kitchen into one airy, open-concept space, featuring a full chefs kitchen outfitted with high-end appliances and generous counter space ideal for both cooking and entertaining. A well-maintained wood-burning fireplace anchors the living space, adding warmth and character to the modern design. Also on this level: a spacious secondary bedroom, a newly renovated full bathroom, and access to your first private outdoor space a charming, planted balcony thats perfect for a quiet morning coffee.
Ascend the architecturally inspired staircase to the upper level, where you'll find a serene primary suite bathed in southern light from a full wall of windows, and a fully remodeled, spa-like ensuite bathroom. The penthouse level is also where you will find the truly spectacular ~500-square-foot private terrace, beautifully landscaped to create a true urban sanctuary perfect for entertaining, gardening, or simply enjoying your own quiet piece of sky.
Additional features of the home include an in-unit washer and dryer, expansive closet space, wall-through air conditioning, and thoughtfully integrated storage solutions throughout.
This is a rare opportunity to own a peaceful Gramercy penthouse with the indoor-outdoor lifestyle city buyers dream of.
I26 E 16th Street is a well-maintained and professionally managed 13-unit boutique brownstone cooperative. Pet-friendly building, and guarantors, gifts, co-purchasing, and subletting are all permitted on a case-by-case basis, subject to board approval. Low maintenance, strong building financials, and a 1% flip tax paid by seller.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,990,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $1,592,000 | $1,592,000 | $1,592,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,039 | $10,194 | $13,542 |
Total Monthly Payment | $9,164 | $10,319 | $13,667 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.