Description for 305 West 16th Street
New price! This centrally-located two bed, two bath Chelsea condop is a stylish home and a smart, well-priced investment. Let’s start with the apartment itself: a bright, quiet southeast-facing corner unit with luxurious high-end finishes and appliances, lots of double-paned windows with lively street views, a real entrance hall, open kitchen with breakfast bar, a washer/dryer, and a large separate storage unit. The second bedroom would make an ideal home office thanks in part to the split bedroom layout. The full-service building has a 24-hour doorman, a stunning lobby and halls, and is pet-friendly. The well-outfitted fitness room even has a Peloton bike and is just down the hall from the apartment. A large landscaped building roof deck has multiple well-spaced seating areas and features a playful and dramatic 37 foot tall steel and concrete daisy statue that first appeared at Burning Man. As far as investment value goes, with a condop you’re getting the flexibility of a condo (subletting, co-purchasing, gifting, guarantors, and pied-a-terres allowed) without paying condo prices. The prime Chelsea location provides easy access to transportation, shopping, parks, dining and entertainment options. Buyer pays Working Capital Contribution equal to two month’s maintenance.
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