Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

RENTED AT $4,000/mo

· Leased April 20, 2026

27 W 16th Street #2F
Closed For Rent Rental

$4,000/mo

27 W 16th Street #2F

Flatiron, Manhattan

True North Flatiron 27

MLS® #RLS20081405

RLS at REBNY

Listing by Mirador Real Estate LLC

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

Studio

1

Bath

N/A

Sq. Ft.

1907

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1907
Ownership RentalBuilding
Neighborhood Flatiron

Property Highlights

  • Exposure: South facing
  • Style: Prewar architecture
  • Character: Pre-war building (1907)

Property Details

Type Rental
Ownership Rental Building
Total Rooms 2
Baths 1 Full
Exposure South
Heating None
Cooling None
Pets SizeLimit
Year Built 1907
Architectural Style Prewar
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00818/0019

Listing History

Event Date Price Change
Listed Apr 4, 2026 $4,000 -
Currently May 1, 2026 $4,000 -

Description

True North Flatiron 27 is at 27 West 16th Street, a block and a half from Union Square, where Flatiron meets Chelsea. This striking red brick building was originally constructed in 1907 and underwent a complete remodeling in 2013. It now comprises 63 architecturally unique studio and one-bedroom apartments. The building has Latch entry, video intercoms, a Virtual Doorman system, package room, laundry room, live-in super, and complimentary WiFi. No flexing permitted.
Please ask about our partnership with Life Time.
Photos and floor plans are of a representative unit. Prices and incentives are subject to change.
Fees:
$20 non-refundable application fee per person
$150 pet fee per approved animal
1st months rent
1 month's security





Features & Amenities

Interior Features

Building Inside Common Area None Flooring: Hardwood

Building Amenities

Elevators

Appliances

Dishwasher Microwave Stainless Steel Appliances

Building Information

Rental Details

Available

4/29/2026

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$4,000

Security Deposit

$4,000

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Short-Term Rental Potential

Estimated income if operated as a compliant short-term rental under NYC Local Law 18:

$333
Est. nightly rate
65%
Avg. occupancy
$6,494
Est. monthly gross

Estimates only. Requires NYC DCWP registration (Local Law 18). Most co-ops and condos prohibit STR via bylaws. Verify with building management and an attorney before listing. Past income is not guaranteed.

The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.

Flatiron Live Market Data

View Neighborhood

Active Listings

127

Median Asking Price

$2.25M

Median $/Sqft

$1,758

Avg Days on Market

N/A

New This Week

4

Price Reduced

28%

Sold (30 Days)

5

Median Sale Price

$2.80M

Live data from RLS at REBNY • Updated 4/30/26, 10:28 PM EST

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Location

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27 W 16th Street #2F, Flatiron, New York County

Building Information

Official NYC property records for this building

1956
Year Built
70 years old
1
Floors
M2-1
Zoning District

Tax & Assessment

Assessed Value: $638,100
Land Value: $300,843
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 25,155 SF
Building Area: 875 SF
Built FAR: 0.03

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1907, making it approximately 119 years old.

This listing is RentalBuilding

Pet policy requires confirmation with the listing broker. Additional notes: 1 dog or 2 cats 40lbs max fully grown, some breed restrictions.,Building Pets Allowed Comments:1 dog or 2 cats 40lbs max fully grown, some breed restrictions.

To schedule a viewing, contact Milton Coste at (917) 416-7433 or [email protected].

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20081405
First Listed: 4/4/2026
On Market: 4/4/2026
Price Changed: 4/4/2026
Closed: 4/20/2026
Contract Date: 4/4/2026

Listing Courtesy of Mirador Real Estate LLC - Karla M Saladino

Listing Contact: (212) 248-3333

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 2:28 AM UTC

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