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Sold
  • $4,999,999

    5 E 16th St Floor 7, New York, NY 10003

    3beds
    4,100sqft
    Condominium
    Built in 1920
    -- sqft lot
    $5,599,400 Zestimate®
    $1,220/sqft
    $22,219 Estimated rent

    Home value

    $5,599,400

    $4.87M - $6.50M

    $22,219/mo

    Zestimate® history
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    $22,219/mo

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    $32,909/mo

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    $32,909/mo

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    What's special

    AVAILABLE. Showings by appointment any day 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. This massive 4,100 sq. ft loft was designed by acclaimed Naiztat + Ham Architects, a boutique Downtown architecture firm that is one of the most desired firms in NYC. The sense of expansiveness starts at the entry, where a keyed elevator leads into the grandly scaled entertaining spaces. 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. 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).

    Zillow last checked:

    Listing updated:

    Listed by:

    Linette Semino,

    Compass

    Source: StreetEasy,MLS#: S1654007

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Washer/Dryer
    Features
    • Flooring: Hardwood
    Interior area
    • Total structure area: 4,100
    • Total interior livable area: 4,100 sqft

    Property

    Features
    • Has view: Yes
    • View description: City
    Details
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Condition
    • Year built: 1920

    Community & HOA

    Community
    • Features: Doorman, Virtual Doorman
    • Security: Doorman, Virtual Doorman
    • Subdivision: Flatiron
    HOA
    • Has HOA: Yes
    • Amenities included: Elevator(s)
    • Services included: Maintenance
    • HOA fee: $2,192 monthly
    Location
    • Region: New York

    Financial & listing details

    • Price per square foot: $1,220/sqft
    • Annual tax amount: $36,720
    • Date on market: 3/29/2023

    Price history

    DateEventPrice
    11/9/2023Sold$4,999,999-23.1%$1,220/sqft
    Source: StreetEasy #S1654007 Report a problem
    9/26/2017Listing removed$20,000$5/sqft
    Source: Corcoran Report a problem
    9/5/2017Price change$20,000-13%$5/sqft
    Source: Corcoran Report a problem
    7/14/2017Listed for rent$23,000-16.4%$6/sqft
    Source: Corcoran Report a problem
    5/14/2014Listing removed$6,500,000$1,585/sqft
    Source: Town Residential, LLC Report a problem
    9/17/2013Listed for sale$6,500,000$1,585/sqft
    Source: Town Residential, LLC Report a problem
    9/16/2013Listing removed$27,500$7/sqft
    Source: Town Residential, LLC Report a problem
    3/7/2013Price change$27,500-15.4%$7/sqft
    Source: Town Residential, LLC Report a problem
    2/6/2013Listed for rent$32,500$8/sqft
    Source: Town Residential, LLC Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Flatiron District

    Nearby schools

    GreatSchools rating