Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,900,502

· Closed October 15, 2021

16 W 16TH Street #5DS
Closed For Sale Co-op

$1,900,502

$1,408 per sq ft

16 W 16TH Street #5DS

Flatiron, Manhattan

CHELSEA LANE

MLS® #RLS10827065

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

2

Baths

1,350

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,350 sq ft
Year Built 1964
Ownership Co-op
Maintenance $1,804/mo
Parking Garage
Neighborhood Flatiron
Floor 5 of 14

Property Highlights

  • Exposure: South facing
  • Outdoor Space: Balcony
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full
Floor 5 of 14
Exposure South
Pets Yes
Cross Street 5 AVENUE and AVENUE OF THE AMERICAS
Year Built 1964
Living Area 1,350 sq ft
Parking Garage Available
Parcel # 0817-0029-00016-000-00005DS

Listing History

Event Date Price Change
Listed Sep 9, 2021 $1,850,000 -
Currently May 18, 2026 $1,900,502 +2.7%

Description

Enjoy refined living in vibrant Flatiron, in this stunning 2 bedroom 2 bathroom gem at the coveted full-service Chelsea Lane! The impeccably renovated floor-through residence boasts sunny double exposures to the north and south, gracious modern interiors with an easy open flow, and a private south-facing balcony for your outdoor pleasure.

Much of this luxury home has been thoughtfully redone, from the all-new beautiful redesigned and re-plumbed kitchen and bathrooms with porcelain floors, to the abundant custom built-in closets with new doors and mechanisms throughout. Among the many other high-end enhancements are gorgeousoriginal parquet wood floors, all new baseboards, new track lighting, custom roll-up window blinds, custom radiator/AC units, 4 new wall-though air conditioners, new premium plumbing fixtures, rewired electrical with new circuit breakers, prewiring for cable and internet, plus new outlets and light switches including dimmers.

The spacious living room is perfect for entertaining, adjoined by a separate open dining room with custom glass doors for extra storage, and glass door access to the private balcony for coffee, cocktails and tree-top/city views. Your inner chef will be inspired in the meticulously renovated open kitchen appointed with ample rich wood cabinetry, custom quartz countertops and backsplash, and new stainless steel Bosch appliances. Bedrooms are bright and comfortable with peaceful garden views. The primary bath that is en-suite and the second full bath in the hall have been completely updated with custom quartz counters and elegant finishes.

Chelsea Lane offers residents an attentive staff of 24-hour doormen, porters and handymen, a live-in super and onsite managing agent, as well as the amenities of a landscaped courtyard, garage, laundry facility, bike room and basement storage. Excellent financials, low maintenance, and a prime location heighten the allure. Here youre minutes from Whole Foods, Trader Joes, the Union Square Green Market, great shopping, dining, nightlife, and virtually every subway line. Co-purchasers, guarantors, parents buying for others, pied-a-terres and subletting are allowed.

Features & Amenities

Exterior Features

Balcony Balcony

Building Information

Financial Details

Maintenance $1,804/mo
Original Price $1,850,000
Sale Price $1,900,502
Previous Price $1,850,000

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, 2:23 PM EST

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Location

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16 W 16TH Street #5DS, Flatiron, New York County • Near 5 AVENUE and 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 $1,804 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,350 square feet. Verify dimensions independently during due diligence.

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.

At the current list price of $1,900,502 for 1,350 sq ft, the asking price per square foot is approximately $1,408. 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: RLS10827065
First Listed: 9/9/2021
Price Changed: 10/25/2021
Closed: 10/15/2021
Contract Date: 6/23/2021

Listing Courtesy of Douglas Elliman Real Estate - Jessica Levine

Listing Contact: (212) 891-7065

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 6:23 PM UTC

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