Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $750,000

· Closed October 18, 2024

142 E 16th Street #5D
Closed For Sale Co-op

$750,000

142 E 16th Street #5D

Gramercy Park, Manhattan

MLS® #RLS10986410

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

N/A

Sq. Ft.

1963

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1963
Ownership Co-op
Maintenance $1,963/mo
Parking Garage
Neighborhood Gramercy Park
Floor 5 of 22

Property Highlights

  • Exposure: East facing
  • Climate Control: Other
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 22
Exposure East
Heating Electric
Cooling Other
Pets Yes, CatsOk, DogsOk
Year Built 1963
Parking Garage Available
Parking Features Garage
Structure Type HighRise,MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 0871-0044-00142-000-000005D
Block/Lot 00871/0000

Listing History

Event Date Price Change
Listed May 13, 2024 $850,000 -
Price Reduced Oct 18, 2024 $739,000 -13.1%
Currently Jun 2, 2026 $750,000 +1.5%

Description

PRICE REDUCED AMAZING VALUE! Welcome 142 E 16th Street, Residence 5D, a beautiful, extra large home in the heart of Gramercy that is perfect for buyers looking for great value with extra space in an amazing location. As you enter the home you are greeted by newly refinished solid wood floors, fresh white paint, and a foyer with a full wall of closets. The expansive living room easily accommodates living, dining, and work spaces with ease. The converted balcony maximizes space and is the perfect spot for a guest room or private home office. The updated galley kitchen features wood cabinetry, stone countertops, stainless steel appliances, and a breakfast bar. Directly across from the kitchen is addition space for dining or another home office. The jumbo sized bedroom features beautiful built-ins, a walk-in closet, an addition closet, and fits a king-sized bed with room for additional furniture. The Gramercy Spire is a full service co-operative building featuring a full-time doorman, live-in superintendent, central laundry room, bike room, onsite garage, and garden courtyard. Pets, subletting (3 out of 5 years after living in the unit for 2 years), pied-a-terres, co-purchasing, and gifting, are all allowed on a case-by-case basis. Located in a prime Gramercy location, The Gramercy Spire provides you easy access to everything Manhattan has to offer including Whole Foods, Union Square, Trader Joe's, numerous exciting restaurants, and multiple transportation options. Don't miss out on this incredible opportunity in the heart of Manhattan. Contact us today to schedule a viewing.

Features & Amenities

Interior Features

Breakfast Bar Common On Floor Common Area Flooring: Hardwood

Appliances

Cooktop Dishwasher Refrigerator Stainless Steel Appliances

Building Information

Building Data View Compliance & Permits
Total Units 147
Stories 22
Structure HighRise,MultiFamily

Financial Details

Maintenance $1,963/mo
Original Price $850,000
Sale Price $750,000
Previous Price $739,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

174

Median Asking Price

$1.32M

Median $/Sqft

$1,766

Avg Days on Market

N/A

New This Week

6

Price Reduced

29%

Sold (30 Days)

20

Median Sale Price

$1.19M

Live data from RLS at REBNY • Updated 6/2/26, 10:18 AM EST

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Location

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142 E 16th Street #5D, Gramercy Park, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $122,640
Land Value: $18,780
Exemptions: $0

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

Lot Area: 1,800 SF
Building Area: 2,000 SF
Built FAR: 1.11
Allowed FAR: 2

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 $1,963 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 1963, making it approximately 63 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: RLS10986410
First Listed: 5/13/2024
On Market: 5/13/2024
Price Changed: 10/18/2024
Closed: 10/18/2024
Contract Date: 4/22/2024

Listing Courtesy of Compass - Ryan Gloor

Listing Contact: (415) 860-5665

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 6/2/2026 at 2:18 PM UTC

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