Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $950,000

· Closed December 20, 2022

16 W 16th Street #5-JN
Closed For Sale Co-op

$950,000

16 W 16th Street #5-JN

Flatiron, Manhattan

MLS® #RLS10835444

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

N/A

Sq. Ft.

1960

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1960
Ownership Co-op
Maintenance $1,178/mo
Parking Garage
Neighborhood Flatiron
Floor 5 of 14

Property Highlights

  • Exposure: South facing
  • Climate Control: Wall Units
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 5 of 14
Exposure South
Cooling Wall Units
Pets Yes
Cross Street Fifth Avenue/Avenue of the Americas
Year Built 1960
Parking Garage Available
Block/Lot 817/29

Listing History

Event Date Price Change
Listed Jul 22, 2022 $950,000 -
Currently May 18, 2026 $950,000 -

Description

Residence 5JN is a newly renovated, south-facing one bedroom overlooking the building's bucolic courtyard with tons of storage, light and privacy in a full-service cooperative. Enter the bright home and the open kitchen to your right has been customized with caesarstone countertops, brass hardware, stainless steel appliances, and plenty of storage and prep space. The 26' long entertaining space has ample room for seating, in addition to a separate dining area. The bedroom is 10'10' x 17'2' and easily accommodates a king. The bathroom has a deep soaking tub/shower combo and beautiful polished marble stonework throughout. Additional features of the apartment include three built-out closets, through the wall a/c and custom lighting. The Chelsea Lane at 16 West 16th Street is known for its excellent location, staff and low maintenance at the nexus of Chelsea and Flatiron with virtually every transportation line within just a few blocks. Building amenities include an interior courtyard, full-time doorman, live-in super, central laundry facilities, bicycle and storage rooms, as well as an on-site parking garage. Co-purchasing, parents buying for working children, pets and pied-a-terres are allowed. Shareholders can sublet their apartments after two years of ownership for up to five years total.

Features & Amenities

Interior Features

Dining Area Entrance Foyer Common Area

Exterior Features

Building Courtyard Building Garden

Building Information

Financial Details

Maintenance $1,178/mo
Sale Price $950,000

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

137

Median Asking Price

$2.42M

Median $/Sqft

$1,788

Avg Days on Market

N/A

New This Week

10

Price Reduced

32%

Sold (30 Days)

3

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 5/18/26, 2:40 AM EST

Similar Listings in Flatiron

View All

Location

Loading map...

16 W 16th Street #5-JN, Flatiron, New York County • Near Fifth Avenue/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 $1,178 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 1960, making it approximately 66 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: RLS10835444
First Listed: 7/22/2022
Price Changed: 7/22/2022
Closed: 12/20/2022
Contract Date: 7/22/2022

Listing Courtesy of Compass - Gabi Wuhl

Listing Contact: (201) 675-9564

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 6:40 AM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton