Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,400,000

Listed at $2,495,000 · Sold 3.8% below asking · Closed October 14, 2021

16 W 16TH Street #PHCN
Looking for something similar?
Closed For Sale Co-op

$2,495,000

16 W 16TH Street #PHCN

Flatiron, Manhattan

Chelsea Lane

MLS® #RLS10731536

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1964
Ownership Co-op
Maintenance $2,393.33/mo
Neighborhood Flatiron
Floor 14 of 14

Property Highlights

  • Views: City
  • Exposure: East,North facing
  • Outdoor Space: Terrace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
Floor 14 of 14
View City
Exposure East,North
Cooling Wall Units
Pets Yes
Cross Street 5 AVENUE and AVENUE OF THE AMERICAS
Year Built 1964
Parcel # 0817-0029-00016-000-000PHCN

Description

Fully renovated from top to bottom!
Highly sought after and rarely available Two Bedroom, Two Bathroom Penthouse at The Chelsea Lane! Enjoy the benefits of a corner layout with wraparound terrace, windowed kitchen and bathroom and double exposures in the Living & Dining room. A unique floor plan for the building, this penthouse is reminiscent of pre-war architecture with a gracious entry foyer, high ceilings and hardwood floors throughout. Sun flooded, Empire State Building views and excellent closets all add to the appeal of this very special home.

The Chelsea Lane is a 24-hour doorman building with live-in super and on-site managing agent. There is a full staff of handymen and porters, laundry, storage, bike room and garage access. Conveniently located near Union Square Farmers Market, lower Fifth Avenue/Flatiron shopping district and all major public transportation.

Photos virtually staged.

Features & Amenities

Interior Features

Entrance Foyer Building Washer Dryer Install Allowed Common Area

Exterior Features

Terrace

Building Information

Building Chelsea Lane
Total Units 489
Stories 14

Financial Details

Maintenance $2,393.33/mo
Sale Price $2,400,000

The Flatiron District is a vibrant 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

120

Median Asking Price

$2.27M

Median $/Sqft

$1,690

Avg Days on Market

N/A

New This Week

5

Price Reduced

31%

Sold (30 Days)

11

Median Sale Price

$2.80M

Live data from RLS at REBNY • Updated 3/25/26, 12:31 AM EST

Similar Listings in Flatiron

View All

Location

Loading map...

16 W 16TH Street #PHCN, Flatiron, New York County • Near 5 AVENUE and AVENUE OF THE AMERICAS

Floor Plans

Floor Plan
MLS® ID: RLS10731536
First Listed: 7/13/2021
Price Changed: 7/13/2021
Closed: 10/14/2021
Contract Date: 7/13/2021

Listing Courtesy of The Corcoran Group - Dennis J Margulies

Listing Contact: (212) 645-4040

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 3/25/2026 at 4:31 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

HDFC Co-ops: Complete Guide

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

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

NYC Real Estate Market Report 2026

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

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton