Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $700,000

Listed at $710,000 · Sold 1.4% below asking · Closed March 15, 2024

Closed For Sale Co-op

$710,000

16 W 16th Street #5RN

Flatiron, Manhattan

16 West 16th Chelsea Lane

MLS® #RLS10940625

RLS at REBNY

Listing by Coldwell Banker Warburg

1

Bedroom

1

Bath

N/A

Sq. Ft.

1960

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Lot Size 45,223 sq ft
Year Built 1960
Ownership Co-op
Maintenance $1,026/mo
Parking Garage
Neighborhood Flatiron
Floor 5 of 14

Property Highlights

  • Exposure: South facing
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 14
Exposure South
Pets CatsOk, DogsOk, Yes
Year Built 1960
Parking Garage Available
Structure Type HighRise
Furnished Unfurnished
Basement Other
Lot Size 45,223 sq ft
Parcel # 0817-0029-00016-000-00005RN
Block/Lot 00817/0029

Listing History

Event Date Price Change
Listed Nov 2, 2023 $710,000 -
Currently May 14, 2026 $710,000 -

Description

MOTIVATED SELLER: Welcome home: Apartment 5RN, an urban oasis in one of the most convenient locations in Manhattan! The Chelsea Lane, located at 16 West 16th Street, is a full service co-op building recognized for its 24/7 doorman and remarkably low monthly maintenance. This sunny and tranquil south facing corner unit with multiple closets overlooks a quiet courtyard and invites you into a space designed for easy living and effortless entertaining. The original layout has been reimagined with an open kitchen, creating a great room while still providing defined areas for meal prep, dining and living. The modern kitchen features a large pantry cabinet and all stainless appliances including a built-in microwave, GE refrigerator with ice-maker, and a Miele dishwasher. Whether rolling out pastry dough, dining alone, or setting up a buffet meal for a group of friends, you will enjoy the convenience of the large granite island on a daily basis. The bedroom can accommodate a queen bed plus nightstand and dresser and provides an additional closet for both clothing and linens. The updated bathroom features a spa-like shower, classic subway tiles, and - big bonus - a window allowing for cross breeze ventilation! This pet-friendly haven, subject to board approval, is also pied-à-terre, and guarantor friendly. Subletting is permitted after five years of ownership, for a total of four years. Experience the convenience of the innovative laundry system, allowing you to remotely select your washer and dryer via a mobile app. Receive timely alerts via text when your laundry is complete, adding a touch of modern ease to your daily routine. The building's renovated lobby and hallways welcome you with a fresh, contemporary aesthetic, setting the tone for a new chapter in homeowner comfort. Located just a block away from Union Square Greenmarket, Whole Foods, Trader Joe’s, and the vibrant 5th Avenue shopping and restaurant scene, this residence ensures you're at the center of it all. Enjoy seamless access to major transportation hubs, with nearby subway and train options (4, 5, 6, N, R, Q, L, W, F, V, 1, 2, 3, & PATH trains), as well as Citi Bikes stationed conveniently at the northeast corner of 5th Avenue and 16th Street. Discover the epitome of urban living at Apartment 5RN—a harmonious blend of modern convenience, sophisticated design, and prime location in the vibrant heart of 16 West 16th Street. ***

Features & Amenities

Interior Features

Elevator Storage Common On Floor Common Area Laundry Room

Exterior Features

Building Courtyard Courtyard

Appliances

Dishwasher

Building Information

Financial Details

Maintenance $1,026/mo
Sale Price $700,000

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

6

Price Reduced

32%

Sold (30 Days)

12

Median Sale Price

$2.54M

Live data from RLS at REBNY • Updated 5/13/26, 9:34 PM EST

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Location

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16 W 16th Street #5RN, Flatiron, New York County

Virtual Tour

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 $1,026 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 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: RLS10940625
First Listed: 11/3/2023
On Market: 11/2/2023
Closed: 3/15/2024
Contract Date: 11/2/2023

Listing Courtesy of Coldwell Banker Warburg - Alan Levy

Listing Contact: (917) 742-6743

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 5/14/2026 at 1:34 AM UTC

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