Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,400,000

· Closed April 14, 2026

305 W 16th Street #PHD
Closed For Sale Co-op

$2,400,000

305 W 16th Street #PHD

Chelsea, Manhattan

305W16

MLS® #RLS20059738

RLS at REBNY

Listing by Compass

3

Bedrooms

2.5

Baths

N/A

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Year Built 2008
Ownership Co-op
Maintenance $5,709/mo
Neighborhood Chelsea
Floor 1 of 7

Property Highlights

  • Views: City
  • Exposure: East,South facing
  • Outdoor Space: Rooftop

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full, 1 Half
Floor 1 of 7
View City
Exposure East,South
Heating Forced Air
Pets Yes, CatsOk, DogsOk
Year Built 2008
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00740/7501

Listing History

Event Date Price Change
Listed Nov 13, 2025 $2,500,000 -
Currently May 6, 2026 $2,400,000 -4.0%

Description

FOR INVESTORS - TENANT IN PLACE UNTIL 8/30/26 Enjoy Chelsea living at its finest in this stunning three-bedroom, two-and-a-half-bathroom penthouse featuring extraordinary light and views, contemporary designer interiors and a private roof deck in an exceptional full-service Chelsea condop. This 1,449-square-foot residence makes a dazzling first impression with carbonized bamboo flooring, tall ceilings and quiet double-pane windows spanning the southern and eastern exposures. A gracious foyer flanked by a coat closet and powder room invites you into the corner great room, where the generous footprint for living and dining areas is wrapped in phenomenal open-sky views. Chefs will love the sleek open kitchen where custom Italian cerused Wenge cabinetry and Caesarstone countertops surround a fleet of upscale appliances, including a Bosch cooktop and oven, a Fisher & Paykel refrigerator and a built-in microwave. The desirable split layout places the owner’s suite along the southern exposure, where you’ll enjoy king-size proportions, a walk-in closet and a chic en suite bathroom finished with a large/tub shower, custom Italian-made cabinetry, Roca tile and Grohe fixtures. Two secondary bedrooms offer roomy closets and easy access to a second full bathroom with a rain shower. Head to your magnificent 680-square-foot roof deck for al fresco dining and entertainment alongside views that stretch across Manhattan to the Empire State Building and the super-tall skyscrapers of Midtown. This residence presents a lucrative investment opportunity with its unlimited subletting policy from day one. Whether seeking a primary residence or a high-yield rental asset, this condop offers versatility and profitability. Launched in 2011, 305W16 is a luxury cooperative with condominium rules designed by SLCE Architects and topped by the iconic 35-foot-tall flowerpot sculpture by Robert Buchholz. Residents enjoy 24-hour doorman service, a chic lobby, a package room, a fitness center with a Peloton bike, laundry and a lovely landscaped roof deck, plus storage and bike storage for an additional fee. Investor friendly, subletting, pieds-à-terre and co-purchasing allowed. No flip tax. Located where Chelsea meets the Meatpacking District and West Village, this spectacular home is at the epicenter of Manhattan’s most exciting neighborhoods. Take in stunning works of art at the Whitney and West Chelsea’s renowned galleries, or peruse the attractions at Chelsea Market. Enjoy fantastic dining and nightlife in every direction, including Jack’s Wife Freida, Elmo, Cafeteria, RH Rooftop and Pastis. You’ll find breathtaking waterfront outdoor space at the High Line and 550-acre Hudson River Park, including delightful Little Island Park. Transportation from this centrally located neighborhood is unbeatable with A/C/E, L, 1/2/3, F/M and PATH trains, excellent bus service and CitiBikes all nearby NOTE: Some photos have been virtually staged

Features & Amenities

Interior Features

High Ceilings Recessed Lighting Walk In Closets Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Flooring: Hardwood Double Pane Windows

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft Rooftop

Building Amenities

Elevators Fitness Center

Appliances

Gas Cooktop Gas Oven Refrigerator Stainless Steel Appliances

Building Information

Building 305W16
Building Data View Compliance & Permits
Total Units 53
Stories 7
Structure MultiFamily

Financial Details

Maintenance $5,709/mo
Original Price $2,500,000
Sale Price $2,400,000
Previous Price $2,500,000
Land Lease Yes

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

313

Median Asking Price

$1.79M

Median $/Sqft

$1,775

Avg Days on Market

N/A

New This Week

26

Price Reduced

26%

Sold (30 Days)

35

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 5/6/26, 5:40 AM EST

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Location

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305 W 16th Street #PHD, Chelsea, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
2
Floors
2
Residential Units
R5B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $121,260
Land Value: $20,400
Exemptions: $1,420

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

Lot Area: 1,333 SF
Building Area: 1,365 SF
Built FAR: 1.02
Allowed FAR: 1.5

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 $5,709 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 3 bedrooms and 2 full bathrooms and 1 half bathroom.

According to MLS records, the building was constructed in 2008, making it approximately 18 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: RLS20059738
First Listed: 11/13/2025
On Market: 11/13/2025
Price Changed: 4/14/2026
Closed: 4/14/2026
Contract Date: 6/22/2025

Listing Courtesy of Compass - Dogan Baruh

Listing Contact: (917) 478-4949

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 5/6/2026 at 9:40 AM UTC

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