This historic townhouse is a distinctive reminder of when this section of Manhattan was a fashionable neighborhood of handsome residences. Remarkably intact, this house has maintained its original character and is being offered as unique redevelopment opportunity. It is built to the full-width of a unusually wide 33' X 92' lot. Reimagine it as an elegant trophy mansion or as a condominium conversion. It can be mixed-use, commercial, or residential as-of-right; making it equally ideal for a corporate or foundation headquarters, medical offices, or other institutional uses. It is offered complete with exquisite original details, measuring 33' X 64' and approximately 9200 Sq Ft as-built. with almost 9350 Sq. Ft. of additional air-rights to expand the property or which may be transferred to another parcel in the area, with the approval of the NYC DOB and Landmarks Preservation Commission. Perfectly located at the nexus of Chelsea, the Village, and Flatiron, it is currently configured as an eight-family, income producing property. Owner can deliver vacant and all reasonable offers will be considered. Contact us to learn more about this unique opportunity.<br><br><br>
Property Details
Property Features
Property Information:
Year Built: 1846
Listing Office:
Office Name: Corcoran Group
Office Phone: (212) 355-3550
Listing Agent: Peter Comitini
Agent Phone: (917) 439-3856
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 7
Total Bedroom Count: 11
Exterior Features
Exterior Information:
View: Other
Price Information
Listing Price Info
Price Summary:
List Price: $14,999,950
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 12/22/2024, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$74.9K
Per Month
Principal & Interest
$74.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$45K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Sixth Avenue Elementary School
64 W 17th St
Distance between this listing and this school0.12 miles
Public District Grades PK-3
9
/10
P.S. 41 Greenwich Village School
116 W 11th St
Distance between this listing and this school0.30 miles
Public District Grades PK-5
6
/10
P.S. 11 William T. Harris School
320 W 21st St
Distance between this listing and this school0.59 miles
Public District Grades KG-5
Nearby Schools
9
/10
Ballet Tech/Nyc Public School for Dance
890 Broadway
Distance between this listing and this school0.24 miles
Public Magnet Grades 4-8
9
/10
Success Academy Charter School-Union Square
40 Irving Pl Fl PL-2nd
Distance between this listing and this school0.36 miles
Public Charter Grades KG-8
9
/10
Nyc Lab Middle School for Collaborative Studies
333 W 17th St
Distance between this listing and this school0.57 miles
Public District Grades 6-8
Nearby Schools
8
/10
Clinton School (The)
10 E 15th St
Distance between this listing and this school0.12 miles
Public Magnet Grades 6-12
7
/10
Harvest Collegiate High School
34 W 14th St
Distance between this listing and this school0.15 miles
Public District Grades 9-12
7
/10
Manhattan Village Academy
43 W 22nd St
Distance between this listing and this school0.33 miles
The neighbors living near this home have an average income of $124,684. The most common annual income of people living in New York, NY is $200k+. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7 W 16th St
What is the listing price of this property?
The listing price of 7 W 16th St property is $14,999,950.
What type of property is this?
The property 7 W 16th St is a townhouse located in New York City, New York, 10011.
Is this property for sale now?
Active Listing: 7 W 16th St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 7 W 16th St has 11 bedrooms and 7 bathrooms.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7 W 16th St in New York City, NY and zip code 10011 in the The Flatiron District neighborhood. This home was built in 1846. Features: 11 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since October 20, 2023 and is currently priced at $14,999,950.
In November 2024, from all listings sold in New York, NY there were more than 220 sold above asking price, over 758 sold below and more than 769 were sold right at the asked price. The number of homes for sale in New York, NY decreased by 7.2% between October 2024 and November 2024. In November 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $850,115.
From Rocket Homes Real Estate and based on county public records data.
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Live Theatre
Live Theatre
Art Museums
Music Concerts
Bloomingdales
H&M
Crate & Barrel
Boston Market
Starbucks
Chipotle
Mercedes
Audi
Volkswagen
News
Rhythmic Contemporary Hits