Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $855,000

· Closed September 5, 2024

16 W 16th Street #2LN
Closed For Sale Co-op

$855,000

16 W 16th Street #2LN

Flatiron, Manhattan

MLS® #RLS10972932

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1964
Ownership Co-op
Maintenance $1,232/mo
Parking Garage
Neighborhood Flatiron
Floor 2 of 14

Property Highlights

  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 2 of 14
Pets Yes, CatsOk, DogsOk
Year Built 1964
Parking Garage Available
Parking Features Garage
Structure Type MultiFamily
Furnished Unfurnished
Parcel # 0817-0029-00016-000-00002LN
Block/Lot 00817/0029

Listing History

Event Date Price Change
Listed Mar 2, 2024 $915,000 -
Price Reduced Sep 6, 2024 $849,000 -7.2%
Currently May 13, 2026 $855,000 +0.7%

Description

*All Showings Require an Appointment* Peaceful Oasis in the Heart of the City. Just a few steps away from 5th avenue and the bustling city center of Union Square, welcome home to your massive, pin-drop quiet, one bedroom sanctuary. Right outside your windows, enjoy green lush views facing the building's tranquil landscaped courtyard! Upon entering the home, you see a sprawling oversized living area that comes complete with entry foyer, home office, dining area, and big living room. The kitchen is a chef's dream with ample space to move around, best-in-class stainless steel appliances, stone counters, glass tiled walls, custom cabinetry, and hardwood floors. The primary bedroom can easily accommodate a King-sized bed and has a walk-in closet that must be seen to be believed. The bathroom features custom tiles and a marble sink with a glass-enclosed bathtub. 16 West 16th Street, known as "The Chelsea Lane," is a full-service building, providing residents with amenities such as a 24-hour doorman, live-in super, on-site management and maintenance staff, a parking garage, laundry facilities, a storage room, and bike storage. Join one of the city's most desired cooperative buildings! Well run and well managed, you'll benefit from low maintenance charges, excellent financials, and a strong reserve fund. You'll enjoy the beautiful brand new hallways and immaculate lobby. Pets are allowed with board approval. Pied-a-terre, co-purchasing, and parents buying for employed children allowed. 20% down required for financing. Prime location with Union Square Farmers Market, Trader Joe’s, Whole Foods, Flatiron's world class shopping, and some of the best restaurants the city has to offer, all within a few blocks. Along with easy access to major transportation hubs, with nearby subway and train options 4/5/6, N/R/Q/W, L, F/M 1/2/3, and PATH trains as well as Citibike around the corner! 2LN is the dream one bedroom you've been waiting for. Can show with 24HR notice.

Features & Amenities

Interior Features

Common On Floor Common Area

Exterior Features

Garden

Building Information

Building Data View Compliance & Permits
Total Units 489
Stories 14
Structure MultiFamily

Financial Details

Maintenance $1,232/mo
Original Price $915,000
Sale Price $855,000
Previous Price $849,000

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

133

Median Asking Price

$2.29M

Median $/Sqft

$1,788

Avg Days on Market

N/A

New This Week

9

Price Reduced

32%

Sold (30 Days)

12

Median Sale Price

$2.54M

Live data from RLS at REBNY • Updated 5/13/26, 7:34 PM EST

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Location

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16 W 16th Street #2LN, Flatiron, New York County

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 $1,232 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

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: RLS10972932
First Listed: 3/1/2024
On Market: 3/2/2024
Price Changed: 9/6/2024
Closed: 9/5/2024
Contract Date: 3/1/2024

Listing Courtesy of Compass - ALEXANDER MAHGOUB

Listing Contact: (347) 575-3344

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 5/13/2026 at 11:34 PM UTC

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