Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,595,000

· Closed October 22, 2021

16 W 16th Street #12BN-CN
Closed For Sale Co-op

$1,595,000

$1,363 per sq ft

16 W 16th Street #12BN-CN

Flatiron, Manhattan

MLS® #RLS10720777

RLS at REBNY

Listing by Compass

2

Bedrooms

2.5

Baths

1,170

Sq. Ft.

1960

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2 full, 1 half
Living Area 1,170 sq ft
Year Built 1960
Ownership Co-op
Maintenance $2,071/mo
Parking Garage
Neighborhood Flatiron
Floor 12 of 14

Property Highlights

  • Views: City
  • Exposure: East,North facing
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full, 1 Half
Floor 12 of 14
View City
Exposure East,North
Pets Yes
Cross Street Fifth Avenue/Avenue of the Americas
Year Built 1960
Living Area 1,170 sq ft
Parking Garage Available
Block/Lot 817/29

Listing History

Event Date Price Change
Listed May 24, 2021 $1,595,000 -
Currently May 18, 2026 $1,595,000 -

Description

The Apartment This beautifully renovated and wide-open layout featuring 2 bedrooms, 2 expansive full baths with fantastic closets is a must-see for purchasers who would love to be in the neighborhood! The northeastern exposures, boasting city views, enable natural light to flow into the living-dining area, as well as into the vast master bedroom. This well-designed layout flows seamlessly together, offering great entertaining space. The comfortable home office is adjacent to the primary bedroom and offers a spacious walk-in closet. The white hardwood parquet floors ranging from the kitchen to the bedrooms render the feel of the space to be even lighter and brighter. The pristine kitchen is enhanced by Bosch and Verona appliances, a deep sink, Caesarstone countertops, and a marble backsplash. The two bathrooms boast Italian tiles and marble, as well as a walk-in shower in the ensuite master bathroom. The Chelsea Lane Welcome to The Chelsea Lane, one of the most desirable coop buildings in the Union Square District! This residential building was designed by Philip Birnbaum, the prolific architect behind One Lincoln Plaza and hundreds of the most imposing apartment towers in New York City. Birnbaum was known for his 'no wasted floor space" approach, which is vividly reflected in The Chelsea Lane's efficient apartment layouts. The Chelsea Lane has an incredibly courteous staff with a full-time doorman. The lobby boasts an interior courtyard that allows natural light to flow into the building. This coop permits sublets and pets, offers common storage, a bicycle room, and a well-equipped laundry room. The Union Square District The Chelsea Lane is located in the Union Square District, a few steps away from the beautiful and vibrant Union Square Park, with its open-air Greenmarket, restaurants, stores, and a subway station, making it one of the most desirable prime locations in Manhattan. The Chelsea Lane is also within walking distance to two other subway lines, the Flatiron Building and Madison Square Park.

Features & Amenities

Interior Features

Common Area

Exterior Features

Building Courtyard Building Garden

Building Information

Financial Details

Maintenance $2,071/mo
Sale Price $1,595,000

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, 2:22 PM EST

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Location

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16 W 16th Street #12BN-CN, Flatiron, New York County • Near Fifth Avenue/Avenue of the Americas

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 $2,071 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 1,170 square feet. Verify dimensions independently during due diligence.

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.

At the current list price of $1,595,000 for 1,170 sq ft, the asking price per square foot is approximately $1,363. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10720777
First Listed: 5/24/2021
Price Changed: 6/19/2021
Closed: 10/22/2021
Contract Date: 5/24/2021

Listing Courtesy of Compass - Olivier Chartrand

Listing Contact: (929) 366-2604

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 6:22 PM UTC

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