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Map
$799,000
↓ $100K (11.1%)
●
Co-op -
For Sale
142 E 16TH Street #18A
Manhattan, NY 10003
2 Beds
1 Bath
Upcoming Open House
8:30PM - 8:45PM, Fri, Oct 11 -
Book now
$6,156
Est. Monthly
$2,232
HOA / Fees
4.45%
Cap Rate
About This Property
Welcome home to this exquisite two-bedroom, perched high above Gramercy Park and Irving Place, and featuring a twenty-four hour doorman. Bathed in natural light, this wonderful apartment offers generous proportions, great light and open views that stretch as far as the imagination can wander.
As you enter, you're greeted by a vast living room, perfectly suited for both intimate gatherings and larger gatherings. The space is adorned with incredible closets, ensuring ample storage for your treasured belongings.
Nestled within a coveted Gramercy Park neighborhood, minutes from Union Square and its renowned Green Market. Every subway in the city is within an easy reach of your front door.
This pet-friendly haven also features a live-in superintendent, ensuring that every need is promptly met. Additional amenities include on-site laundry facilities and convenient bike storage, catering to the demands of modern metropolitan living.
Unit Size
-
Days on Market
226 days
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$2,232
Year Built
1963
Listed By
Payment Calculator
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%
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Cap Rate Calculator
Purchase Price
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Monthly Rental Income
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Income
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Expenses
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Operating Profit
Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Last updated: 17 hours ago (RLS #RPLU-5122903606)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2024 | Price Decreased |
$799,000
↓ $100K
(11.1%)
|
|
| Price Decreased | |||
| May 17, 2024 | Relisted | $899,000 | |
| Relisted | |||
| May 17, 2024 | No longer available | - | |
| No longer available | |||
| Apr 25, 2024 | Price Decreased |
$899,000
↓ $100K
(10%)
|
|
| Price Decreased | |||
| Mar 1, 2024 | Listed by Douglas Elliman Real Estate | $999,000 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Garage
Doorman
Elevator
With View
Parking Details
Has Garage
Interior Details
Bedrooms: 2
Full Bathrooms: 1
Laundry Features: Building Other
Rooms: 4
Has Basement
Exterior Details
Year Built: 1964
Building Name: GRAMERCY SPIRE
Outdoor Living Structures: None
Pets Allowed: Building Yes, Yes
Tax Lot: 0044
Tax Block: 00871
Location Details
Subdivision Name: Gramercy Park
Stories Total: 22
Association Fee: $2,232
Association Fee Frequency: Monthly
Upcoming Open House
8:30PM - 8:45PM, Fri, Oct 11 -
Book now
142 E 16TH Street #18A, Manhattan, NY, 10003
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Co-op
2
Beds
1
Bath
950 ft²
$1,005/ft²
$955,000
Mar 5, 2015
$955,000
Jun 23, 2015
$1,371/mo
Co-op
1
Bed
1
Bath
-
$799,000
Mar 28, 2022
$799,000
Jul 6, 2022
$1,296/mo
Co-op
1
Bed
1
Bath
930 ft²
$859/ft²
$799,000
Apr 16, 2012
$799,000
Apr 30, 2013
$1,571/mo
Co-op
1
Bed
1
Bath
650 ft²
$1,211/ft²
$787,000
Nov 3, 2017
$787,000
Mar 27, 2018
$1,157/mo
Co-op
1
Bed
1
Bath
850 ft²
$912/ft²
$775,000
Dec 4, 2018
$775,000
Dec 18, 2019
$1,800/mo
Active
Co-op
1
Bed
1
Bath
850 ft²
$881/ft²
$749,000
Dec 12, 2023
-
$2,207/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
03/08/2024
|
2 Bed
|
1 Bath
|
-
|
$1,100,000
2 Bed
1 Bath
|
$1,100,000
05/06/2024
|
-
|
Joshua Rubin
Douglas Elliman Real Estate
|
|
|
10/25/2023
|
1 Bed
|
1 Bath
|
-
|
$925,000
1 Bed
1 Bath
|
$900,000
-2.70%
02/27/2024
|
-
|
Dogan Baruh
Compass
|
|
|
10/12/2023
|
1 Bed
|
1 Bath
|
-
|
$1,025,000
1 Bed
1 Bath
|
$999,000
-2.54%
02/02/2024
|
-
|
Marie Martineau
Compass
|
|
|
04/21/2023
|
1 Bed
|
1 Bath
|
-
|
$925,000
1 Bed
1 Bath
|
$983,000
+6.27%
10/18/2023
|
-
|
Michael Lubin
Brown Harris Stevens Residential Sales LLC
|
|
|
03/16/2023
|
Studio
|
1 Bath
|
650 ft²
|
$670,000
Studio
1 Bath
650 ft²
|
$670,000
07/10/2023
|
-
|
Jonathan Wolfe
Brown Harris Stevens Residential Sales LLC
|
|
|
11/23/2022
|
1 Bed
|
1 Bath
|
850 ft²
|
$785,000
1 Bed
1 Bath
850 ft²
|
-
-
|
-
|
Yun Wang
Chatani Realty
|
|
|
07/14/2022
|
Studio
|
1 Bath
|
619 ft²
|
$740,000
Studio
1 Bath
619 ft²
|
$590,000
-20.27%
05/09/2024
|
-
|
Maria Reid
Elliman
|
|
|
06/02/2022
|
2 Bed
|
2 Bath
|
-
|
$2,000,000
2 Bed
2 Bath
|
$2,000,000
08/01/2023
|
-
|
Daniel Blatman
Elliman
|
|
|
04/30/2022
|
1 Bed
|
1 Bath
|
650 ft²
|
$825,000
1 Bed
1 Bath
650 ft²
|
$835,000
+1.21%
07/28/2022
|
-
|
Lorie Torpey
Level Group Inc.
|
|
|
03/28/2022
|
1 Bed
|
1 Bath
|
-
|
$799,000
1 Bed
1 Bath
|
$799,000
07/06/2022
|
-
|
Jay Glazer
Corcoran Group
|
|
|
02/07/2022
|
2 Bed
|
1 Bath
|
950 ft²
|
$995,000
2 Bed
1 Bath
950 ft²
|
$995,000
06/06/2022
|
-
|
Nicholas Oliver
Modern Spaces, LLC
|
|
|
10/12/2021
|
1 Bed
|
1 Bath
|
-
|
$675,000
1 Bed
1 Bath
|
$637,500
-5.56%
05/17/2022
|
-
|
Shaun Anders
Prudential Douglas Elliman Real Estate
|
|
|
09/07/2021
|
1 Bed
|
1 Bath
|
930 ft²
|
$975,000
1 Bed
1 Bath
930 ft²
|
$895,000
-8.21%
02/15/2022
|
-
|
Terry Martinolle
P A N Y
|
|
|
04/19/2021
|
1 Bed
|
1 Bath
|
900 ft²
|
$895,000
1 Bed
1 Bath
900 ft²
|
$905,000
+1.12%
09/21/2021
|
-
|
Elena Smirnova
Triplemint
|
|
|
03/16/2021
|
1 Bed
|
1 Bath
|
-
|
$875,000
1 Bed
1 Bath
|
$865,000
-1.14%
07/07/2021
|
-
|
Sungwon Hwang
The Corcoran Group
|
|
|
02/19/2021
|
Studio
|
1 Bath
|
650 ft²
|
$600,000
Studio
1 Bath
650 ft²
|
$575,000
-4.17%
12/13/2021
|
-
|
Elyse Dubin
Prudential Douglas Elliman Real Estate
|
|
|
07/29/2020
|
1 Bed
|
1 Bath
|
850 ft²
|
$897,000
1 Bed
1 Bath
850 ft²
|
$897,000
10/29/2020
|
-
|
Knight Meem
Compass
|
|
|
10/24/2019
|
1 Bed
|
1 Bath
|
-
|
$829,000
1 Bed
1 Bath
|
$807,500
-2.59%
02/04/2020
|
-
|
Jamie Mitchell
Elliman
|
|
|
09/24/2019
|
Studio
|
1 Bath
|
-
|
$599,000
Studio
1 Bath
|
$590,000
-1.50%
02/25/2020
|
-
|
Nadine Nassar
Compass
|
|
|
05/03/2019
|
2 Bed
|
1 Bath
|
850 ft²
|
$895,000
2 Bed
1 Bath
850 ft²
|
-
-
|
-
|
Michael Bhagwandin
The Corcoran Group
|
|
|
03/26/2019
|
3 Bed
|
2 Bath
|
-
|
$1,600,000
3 Bed
2 Bath
|
$1,565,000
-2.19%
09/09/2019
|
-
|
Bonnie Goldner
Brown Harris Stevens
|
|
|
03/08/2019
|
1 Bed
|
1 Bath
|
-
|
$700,000
1 Bed
1 Bath
|
$650,000
-7.14%
12/12/2019
|
-
|
Danielle Watson
Compass
|
|
|
12/04/2018
|
1 Bed
|
1 Bath
|
850 ft²
|
$800,000
1 Bed
1 Bath
850 ft²
|
$775,000
-3.13%
12/18/2019
|
-
|
Sharon Katzoff
The Corcoran Group
|
|
|
08/13/2018
|
1 Bed
|
1 Bath
|
900 ft²
|
$950,000
1 Bed
1 Bath
900 ft²
|
$865,000
-8.95%
03/18/2019
|
-
|
Kathi Jacob
Brown Harris Stevens Residential Sales LLC
|
|
|
06/19/2018
|
|
1 Bed
|
1 Bath
|
600 ft²
|
-
1 Bed
1 Bath
600 ft²
|
-
-
|
-
|
-
|
|
06/11/2018
|
1 Bed
|
1 Bath
|
600 ft²
|
$689,900
1 Bed
1 Bath
600 ft²
|
$652,500
-5.42%
09/18/2018
|
-
|
Christine Eisenberg
Continental Real Estate Group,
|
|
|
05/08/2018
|
Studio
|
1 Bath
|
650 ft²
|
$650,000
Studio
1 Bath
650 ft²
|
$575,000
-11.54%
02/14/2019
|
-
|
Bourgondien Van
Corcoran Group
|
|
|
04/04/2018
|
2 Bed
|
2 Bath
|
1650 ft²
|
$1,990,000
2 Bed
2 Bath
1650 ft²
|
$1,990,000
08/20/2018
|
-
|
Keith Burkhardt
The Burkhardt Group LLC
|
|
|
11/03/2017
|
1 Bed
|
1 Bath
|
650 ft²
|
$795,000
1 Bed
1 Bath
650 ft²
|
$787,000
-1.01%
03/27/2018
|
-
|
Robert Falcone
Prudential Douglas Elliman Real Estate
|
|
|
10/27/2017
|
1 Bed
|
1 Bath
|
650 ft²
|
$650,000
1 Bed
1 Bath
650 ft²
|
-
-
|
-
|
Lance Nu-Che
Compass
|
|
|
04/03/2017
|
1 Bed
|
1 Bath
|
650 ft²
|
$775,000
1 Bed
1 Bath
650 ft²
|
$770,000
-0.65%
08/03/2017
|
-
|
Maura Geils
The Corcoran Group
|
|
|
03/21/2017
|
1 Bed
|
1 Bath
|
650 ft²
|
$699,000
1 Bed
1 Bath
650 ft²
|
$685,000
-2.00%
02/05/2021
|
-
|
Lance Nu-Che
Compass
|
|
|
10/24/2016
|
1 Bed
|
1 Bath
|
670 ft²
|
$699,000
1 Bed
1 Bath
670 ft²
|
$756,500
+8.23%
02/05/2021
|
-
|
Brooke Davida
The Corcoran Group
|
|
|
02/29/2016
|
1 Bed
|
1 Bath
|
-
|
$1,049,000
1 Bed
1 Bath
|
$1,045,000
-0.38%
02/05/2021
|
-
|
Alan Krevis
Brown Harris Stevens Residential Sales LLC
|
|
|
10/23/2015
|
1 Bed
|
1 Bath
|
-
|
$849,000
1 Bed
1 Bath
|
$835,000
-1.65%
02/18/2016
|
-
|
Donna Renna
The Corcoran Group
|
|
|
09/09/2015
|
Studio
|
1 Bath
|
-
|
$629,000
Studio
1 Bath
|
$650,000
+3.34%
12/10/2015
|
-
|
Jonah Katz
Compass
|
|
|
05/01/2015
|
1 Bed
|
1 Bath
|
912 ft²
|
$935,000
1 Bed
1 Bath
912 ft²
|
$935,000
08/11/2015
|
-
|
Adam Heller
Old Orchard Estates R E Inc
|
|
|
02/06/2015
|
1 Bed
|
1 Bath
|
875 ft²
|
$935,000
1 Bed
1 Bath
875 ft²
|
$910,000
-2.67%
06/10/2015
|
-
|
Jeanne Dorsey
Corcoran Group
|
|
|
11/18/2014
|
1 Bed
|
1 Bath
|
912 ft²
|
$995,000
1 Bed
1 Bath
912 ft²
|
-
-
|
-
|
Dina Cohen
Brown Harris Stevens Residential Sales LLC
|
|
|
10/15/2014
|
2 Bed
|
2 Bath
|
1370 ft²
|
$1,650,000
2 Bed
2 Bath
1370 ft²
|
-
-
|
-
|
Adam Taylor
Bond New York Properties LLC
|
|
|
09/17/2014
|
Studio
|
1 Bath
|
-
|
$550,000
Studio
1 Bath
|
$500,000
-9.09%
05/05/2015
|
-
|
David Chang
Stribling
|
|
|
09/11/2014
|
1 Bed
|
1 Bath
|
850 ft²
|
$950,000
1 Bed
1 Bath
850 ft²
|
$910,000
-4.21%
02/12/2015
|
-
|
Mitchell Speer
Corcoran Group
|
|
|
07/21/2014
|
Studio
|
1 Bath
|
600 ft²
|
$549,000
Studio
1 Bath
600 ft²
|
-
-
|
-
|
Mary Lou Currier
BOND New York
|
|
|
07/21/2014
|
Studio
|
1 Bath
|
-
|
$525,000
Studio
1 Bath
|
-
-
|
-
|
Joshua B Rubin
Prudential Douglas Elliman Real Estate
|
|
|
04/23/2014
|
Studio
|
1 Bath
|
650 ft²
|
$539,000
Studio
1 Bath
650 ft²
|
$530,000
-1.67%
07/21/2014
|
-
|
Jon Varnedoe
Elliman
|
|
|
10/24/2013
|
1 Bed
|
1 Bath
|
850 ft²
|
$625,000
1 Bed
1 Bath
850 ft²
|
$600,000
-4.00%
02/19/2014
|
-
|
Frank Vecchio
Douglas Elliman Real Estate
|
|
|
09/18/2013
|
2 Bed
|
2 Bath
|
-
|
$2,200,000
2 Bed
2 Bath
|
-
-
|
-
|
Laurie Silverman
Sothebys International Realty
|
|
|
08/08/2013
|
1 Bed
|
1 Bath
|
900 ft²
|
$1,300,000
1 Bed
1 Bath
900 ft²
|
$940,000
-27.69%
06/26/2014
|
-
|
Robert Falcone
Prudential Douglas Elliman Real Estate
|
|
|
04/02/2013
|
4 Bed
|
2 Bath
|
1700 ft²
|
$1,729,000
4 Bed
2 Bath
1700 ft²
|
-
-
|
-
|
Ryan Serhant
SERHANT.
|
|
|
03/08/2013
|
2 Bed
|
2 Bath
|
-
|
$1,650,000
2 Bed
2 Bath
|
$1,515,000
-8.18%
02/05/2021
|
-
|
Lisa Stillerman
Halstead Property, LLC
|
|
|
02/22/2013
|
2 Bed
|
2 Bath
|
1650 ft²
|
$1,850,000
2 Bed
2 Bath
1650 ft²
|
$1,850,000
02/05/2021
|
-
|
Mark Kennedy
Elliman
|
|
|
10/17/2012
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
-
-
|
-
|
Elaine Clayman
Brown Harris Stevens Residential Sales LLC
|
|
|
10/14/2012
|
1 Bed
|
1 Bath
|
650 ft²
|
$479,000
1 Bed
1 Bath
650 ft²
|
$439,000
-8.35%
02/05/2021
|
-
|
Frank Vecchio
Douglas Elliman Real Estate
|
|
|
09/21/2012
|
1 Bed
|
1 Bath
|
850 ft²
|
$625,000
1 Bed
1 Bath
850 ft²
|
-
-
|
-
|
Frank Vecchio
Douglas Elliman Real Estate
|
|
|
09/20/2012
|
2 Bed
|
2 Bath
|
1600 ft²
|
$1,425,000
2 Bed
2 Bath
1600 ft²
|
-
-
|
-
|
Gregory S. Williamson
Prudential Douglas Elliman Real Estate
|
|
|
09/20/2012
|
1 Bed
|
1 Bath
|
850 ft²
|
$825,000
1 Bed
1 Bath
850 ft²
|
-
-
|
-
|
Frank Vecchio
Douglas Elliman Real Estate
|
|
|
07/10/2012
|
1 Bed
|
1 Bath
|
-
|
$800,000
1 Bed
1 Bath
|
$800,000
02/05/2021
|
-
|
Elaine Clayman
Brown Harris Stevens Residential Sales LLC
|
|
|
04/16/2012
|
1 Bed
|
1 Bath
|
930 ft²
|
$799,000
1 Bed
1 Bath
930 ft²
|
$799,000
04/30/2013
|
-
|
Nellie Downes
The Corcoran Group
|
|
|
03/02/2012
|
2 Bed
|
3 Bath
|
1900 ft²
|
$1,895,000
2 Bed
3 Bath
1900 ft²
|
$1,850,000
-2.37%
12/31/2013
|
-
|
Ryan Serhant
SERHANT.
|
Building Info
Gramercy Spire
142 East 16th Street, New York, NY 10003
- 151 Units
- 3 Units for Sale
About Midtown Manhattan
Similar Homes for Sale
Nearby Rentals
Listed by: Joshua Rubin
Listing Courtesy of Douglas Elliman Real Estate
Last Updated: 17 hours ago
Last Checked: 2 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of Douglas Elliman Real Estate
Last Updated: 17 hours ago
Last Checked: 2 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
