Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $714,000

Listed at $725,000 · Sold 1.5% below asking · Closed September 22, 2021

16 W 16TH Street #1SS
Closed For Sale Co-op

$725,000

16 W 16TH Street #1SS

Flatiron, Manhattan

Chelsea Lane

MLS® #RLS10717596

RLS at REBNY

Listing by The Corcoran Group

1

Bedroom

1

Bath

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1964
Ownership Co-op
Maintenance $950.35/mo
Neighborhood Flatiron
Floor 1 of 14

Property Highlights

  • Location: Flatiron, Manhattan
  • Property Type: Co-op
  • Built: 1964

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 1 of 14
Pets Yes
Cross Street 5 AVENUE and AVENUE OF THE AMERICAS
Year Built 1964
Parcel # 0817-0029-00016-000-00001SS

Listing History

Event Date Price Change
Listed May 11, 2021 $725,000 -
Currently May 18, 2026 $725,000 -

Description

Apt 1SS at 16 West 16th St., "The Chelsea Lane", is a newly renovated Jr. 1 bedroom 1 bath with 9 ceilings and southern exposures. The updated kitchen features a beautifully honed Carrera Marble backsplash in a herringbone pattern, a deep under-mount stainless steel sink, and Bosch refrigerator, dishwasher, and 4 burner cooktop stove. The stylish and tastefully appointed en-suite bathroom has marble floors, brass fixtures, an oversized medicine cabinet and storage under the sink. The bedroom currently has a queen-sized bed plus furniture, a closet and built-in storage space under the window. There is also space to add another closet. The open living room is spacious enough to include a dining table off the kitchen and works wonderfully for entertaining. There is extra built-in storage under the window as well. Unlike other Jr. 1 bedrooms in the building, apt 1SS has a huge entry closet with built-in storage measuring 3 feet deep and 11 long.The Chelsea Lane is a 24-hour doorman bldg with live-in super and on-site managing agent. There is a full staff of handymen and porters and the building also features a new laundry system that permits owners to control their laundry cycles from their cell phones and receive notifications when finished. The co-op has excellent financials and the apt has a low monthly maintenance. Pied-a-terre, guarantors are all allowed. Pets are allowed with board approval and subletting is permitted after two years of ownership. Additionally, there is also a parking garage located in the bldg.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Building Information

Financial Details

Maintenance $950.35/mo
Sale Price $714,000

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

139

Median Asking Price

$2.42M

Median $/Sqft

$1,788

Avg Days on Market

N/A

New This Week

12

Price Reduced

32%

Sold (30 Days)

4

Median Sale Price

$1.55M

Live data from RLS at REBNY • Updated 5/18/26, 3:11 PM EST

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Location

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16 W 16TH Street #1SS, Flatiron, New York County • Near 5 AVENUE and AVENUE OF THE AMERICAS

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1964
Year Built
62 years old
14
Floors
481
Residential Units
C6-2M
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $44,628,750
Land Value: $6,294,150
Exemptions: $537,283

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

Lot Area: 45,223 SF
Building Area: 403,741 SF
Built FAR: 8.93
Allowed FAR: 6.02

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 monthly maintenance are $950.35 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1964, making it approximately 62 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10717596
First Listed: 5/11/2021
Price Changed: 5/11/2021
Closed: 9/22/2021
Contract Date: 5/11/2021

Listing Courtesy of The Corcoran Group - Matthew Slosar

Listing Contact: (917) 326-1717

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/18/2026 at 7:11 PM UTC

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