Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
16 W 16th Street #10FS
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Active For Sale Co-op

$440,000

16 W 16th Street #10FS

Flatiron, Manhattan

Chelsea Lane

MLS® #RLS11026697

RLS at REBNY

Listing by Compass

Studio

1

Bath

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1964
Ownership Co-op
Maintenance $1,170/mo
Parking Garage
Neighborhood Flatiron
Floor 10 of 14

Property Highlights

  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 10 of 14
Pets Yes, CatsOk, DogsOk
Year Built 1964
Parking Garage Available
Parking Features Garage
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00817/0029

Listing History

Event Date Price Change
Listed Apr 15, 2026 $525,000 -
Price Reduced Oct 27, 2025 $460,000 -12.4%
Currently May 8, 2026 $440,000 -4.3%

Description

Back on the market! Welcome to Apartment 10FS at The Chelsea Lane—a pin-drop quiet, oversized studio overlooking a lush courtyard in the heart of Flatiron/Chelsea, just off Fifth Avenue and one block from Union Square. Freshly painted and move-in ready, the north-facing home is extremely functional and has plenty of closet space, and a long layout that can accomodate your sleeping, entertaining, and dining furniture. The kitchen wall can easily be opened up if you wanted to add a breakfast bar. The Chelsea Lane is a coveted full-service co-op featuring a 24-hour doorman, live-in superintendent, remodeled lobby, tech-friendly laundry room, and a beautifully landscaped viewing-courtyard. Pied-à-terres, co-purchasing, gifting, and parents buying for children are allowed, and pets are welcome upon board approval. Located near multiple subway lines, Union Square Park, Trader Joe’s, Whole Foods, and countless dining options, it offers unmatched convenience for an unbeatable downtown lifestyle.

Features & Amenities

Interior Features

Common On Floor Common Area Flooring: Hardwood

Exterior Features

Building Garden

Building Amenities

Bike Storage Elevators

Building Information

Building Chelsea Lane
Building Data View Compliance & Permits
Total Units 489
Stories 14
Structure MultiFamily

Financial Details

Maintenance $1,170/mo
Original Price $525,000
Previous Price $460,000

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

133

Median Asking Price

$2.20M

Median $/Sqft

$1,761

Avg Days on Market

N/A

New This Week

14

Price Reduced

26%

Sold (30 Days)

11

Median Sale Price

$2.16M

Live data from RLS at REBNY • Updated 5/7/26, 8:19 PM EST

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Location

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16 W 16th Street #10FS, Flatiron, New York County

Virtual Tour

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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 $1,170 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 0 bedrooms and 1 full bathroom.

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: Building Pets Allowed Comments:Pets Allowed. 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: RLS11026697
First Listed: 1/2/2025
On Market: 4/15/2026
Price Changed: 10/27/2025
Contract Date: 12/19/2024

Listing Courtesy of Compass - Florence Ng

Listing Contact: (917) 696-7732

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 5/8/2026 at 12:19 AM UTC

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