Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $495,000

· Closed March 26, 2025

Closed For Sale Co-op

$495,000

16 W 16TH Street #14DN

Flatiron, Manhattan

Chelsea Lane

MLS® #RLS11006943

RLS at REBNY

Listing by Douglas Elliman Real Estate

Studio

1

Bath

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1964
Ownership Co-op
Maintenance $946/mo
Parking Garage
Neighborhood Flatiron
Floor 14 of 14

Property Highlights

  • Views: City
  • Exposure: North facing
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 14 of 14
View City
Exposure North
Cooling Wall Units
Pets Yes
Year Built 1964
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 0817-0029-00016-000-00014DN
Block/Lot 00817/0029

Listing History

Event Date Price Change
Listed Oct 2, 2023 $549,000 -
Price Reduced Mar 26, 2025 $499,000 -9.1%
Currently May 9, 2026 $495,000 -0.8%

Description

Welcome home to Apartment 14DN in Flatiron's Chelsea Lane! This rarely available, unique-to-the-building studio has space for comfortable living, incredible Empire State Building city views, and islocated off Fifth Avenue at the cross-section of Union Square, Greenwich Village and Chelsea.

This lovely home is move-in ready or the perfect blank canvas to design your own space. Enter into the wide foyer, complete with two oversized closets that offer ample storage. Your open-style kitchen is equipped with all the essentials, plus space for dining that easily seats 4-6 (or the addition of a breakfast bar/island - see alternate floorplan). Your bathroom is bright and spacious, located separate from the rest of the space.

This studio layout offers flexible space ready to be re-imagined into the perfect place for you to call home or to design into a chic NYC pied-a-terre. Oversized windows let natural sunlight illuminate this 14th floor apartment and offers spectacular northern city views overlooking 5th Avenue that greet you as soon as you walk in. Built-in shelves and wood floors throughout the space offer functional charm and style.

16 West 16th Street "The Chelsea Lane", is one of Flatiron's most sought-after buildings. Amenities include a fully staffed lobby with a 24-hour doorman, live-in super and on-site managing agent with a well trained staff of handymen & porters with 24-hour coverage. Easy access to laundry, storage, bike room and garage on buildings lower level.

Conveniently located seconds from the Union Square Farmers Market, lower Fifth Avenue/Flatiron's world-renowned restaurants & some of the best shopping NYC has to offer. The building's central location is by all of Manhattan's major public transportation, so getting around town is incredibly convenient!

Features & Amenities

Interior Features

Building None

Exterior Features

Building Courtyard Private Outdoor Space Under60 Sqft

Building Amenities

Elevators Storage

Building Information

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

Financial Details

Maintenance $946/mo
Original Price $549,000
Sale Price $495,000
Previous Price $499,000

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

134

Median Asking Price

$2.25M

Median $/Sqft

$1,761

Avg Days on Market

N/A

New This Week

14

Price Reduced

31%

Sold (30 Days)

11

Median Sale Price

$2.16M

Live data from RLS at REBNY • Updated 5/9/26, 1:52 PM EST

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Location

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16 W 16TH Street #14DN, Flatiron, New York County

Virtual Tour

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 $946 per month. Confirm the exact amount with the listing broker before making an offer.

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.

Pet policy requires confirmation with the listing broker.

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: RLS11006943
First Listed: 9/5/2024
On Market: 10/2/2023
Price Changed: 3/26/2025
Closed: 3/26/2025
Contract Date: 9/5/2024

Listing Courtesy of Douglas Elliman Real Estate - Dennis 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 5/9/2026 at 5:52 PM UTC

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