Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,999,999

· Closed November 9, 2023

5 E 16th Street #7
Looking for something similar?
Closed For Sale Condo

$4,999,999

$1,220 per sq ft

5 E 16th Street #7

Flatiron, Manhattan

MLS® #RLS10945539

RLS at REBNY

Listing by Compass

3

Bedrooms

3.5

Baths

4,100

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Living Area 4,100 sq ft
Year Built 1920
Ownership Condo
HOA/Common Charges $2,192/mo
Property Taxes $36,720/yr
Neighborhood Flatiron
Floor 7 of 12

Property Highlights

  • Exposure: East,North,South facing
  • Climate Control: Central Air
  • Character: Pre-war building (1920)

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full, 1 Half
Floor 7 of 12
Exposure East,North,South
Cooling Central Air
Pets CatsOk, DogsOk
Year Built 1920
Living Area 4,100 sq ft
Structure Type MixedUse
Flooring Concrete
Furnished Unfurnished
Parcel # 0844-1007
Block/Lot 00844/1007

Description

This full-floor CONDO, is truly the most unique loft on the market!. Currently configured as a 3 bedroom, it can be converted into 4 bedrooms. Approximately 4,100 sq. ft., the sense of expansiveness starts at the entry where a keyed elevator leads into the grandly scaled entertaining spaces. This massive loft was designed by acclaimed Naiztat + Ham Architects, a boutique Downtown architecture firm that is one of the most desired firms in NYC. This move-in ready loft offers its residents a chic and stylish home for living and entertaining. With stunning proportions, the layout affords three-bedrooms with two full bathrooms and a powder room. A bonus room, currently used as an office/library/guestroom, can be transformed into a fourth bedroom - see alternate floor-plans included and the last photo of the room visually staged. This airy loft was designed by acclaimed Naiztat + Ham Architects, a boutique Downtown architecture firm that is one of the most desired firms in NYC. Naiztat + Ham Architects beautifully blended modern finishes with original industrial details that include barrel-vaulted terra-cotta ceilings 12’8’’ tall, exposed brick walls, four steel columns, exposed water pipes and fourteen oversized windows. The windows drench the interiors with natural light while framing fabulous New York City skyline views. This seventh-floor loft has Southern, Northern, and Eastern exposures and is equipped with electronic solar shades. For maximum privacy, the bonus room features electronic floor-to-ceiling blinds. The all-white Italian Boffi kitchen flows seamlessly into the open dining area and exhibits a minimalist design with no handles. A floor-to-ceiling wall system with sliding doors, conceals a Subzero refrigerator and two separate drawer-freezers, and Gaggenau wall ovens. It also provides plenty of shelving and storage space for groceries and small appliances. The island features a six-burner Boffi cooktop stove and storage on both sides. This Italian made kitchen also offers a wine cooler. The primary bedroom and secondary bedroom have north-facing oversized windows with views of East 17th Street. The primary bedroom boasts a massive walk-in closet and an en suite bathroom with double sinks, a deep soaking tub, a stall shower, and a heated towel rack. The secondary bedroom has built-in storage and ample space for bedroom furniture. The East-facing third bedroom has an en suite full bathroom, a walk-in closet, and a built-into-the-wall shoe closet. Moreover, this residence has a laundry room with a folding and ironing area. Other features of the loft include: a three-zone sound system; central air-conditioners; a media system; and an alarm system. The Photo Arts Building is a beautiful landmark prewar condominium with a passenger elevator and an attended second elevator suitable for deliveries. There is an amazing full time super. Located at the nexus between the Flatiron District and Union Square, it is a half-block from Union Square Park and the acclaimed greenmarket, and it is surrounded by trendy restaurants, bars, cafes, and shops. Pets are welcome. Notes: The CC is $2,192.14 - super low. There is a monthly capital assessment of $1,818.33 until 2028. This is part of a 10yr. capital assessment that the building levied on the residents for upgrades and necessary work coming up over the next few years. 2023 taxes on the unit are $36,713.60 (with STAR credit), making your monthlies for less than $1.69/sqft

Features & Amenities

Interior Features

Entrance Foyer High Ceilings Kitchen Island Pantry Recessed Lighting Sound System Soaking Tub Walk In Closets Common On Floor Common Area In Unit Flooring: Concrete

Exterior Features

Private Entrance

Appliances

Cooktop Dryer Dishwasher Electric Cooktop Freezer Gas Oven Refrigerator Range Hood Wine Cooler Washer

Building Information

Total Units 12
Stories 12
Structure MixedUse

Financial Details

Common Charges $2,192/mo
RE Taxes $36,720/yr ($3,060/mo)
Original Price $5,750,000
Sale Price $4,999,999
Previous Price $5,250,000

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

121

Median Asking Price

$2.29M

Median $/Sqft

$1,724

Avg Days on Market

N/A

New This Week

7

Price Reduced

31%

Sold (30 Days)

11

Median Sale Price

$2.80M

Live data from RLS at REBNY • Updated 3/24/26, 2:36 AM EST

Similar Listings in Flatiron

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Location

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5 E 16th Street #7, Flatiron, New York County

Floor Plans

Floor Plan
Floor Plan
MLS® ID: RLS10945539
First Listed: 10/26/2023
On Market: 3/29/2023
Price Changed: 11/27/2023
Closed: 11/9/2023
Contract Date: 3/28/2023

Listing Courtesy of Compass - Linette Semino

Listing Contact: (917) 362-7250

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.

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RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/24/2026 at 6:36 AM UTC

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