Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $570,000

· Closed August 9, 2022

16 W 16TH Street #2FS
Closed For Sale Co-op

$570,000

16 W 16TH Street #2FS

Flatiron, Manhattan

CHELSEA LANE

MLS® #RLS10788786

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 $755/mo
Parking Garage
Neighborhood Flatiron
Floor 2 of 14

Property Highlights

  • Exposure: North facing
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 1
Baths 1 Full
Floor 2 of 14
Exposure North
Pets Yes
Cross Street 5 AVENUE and AVENUE OF THE AMERICAS
Year Built 1964
Parking Garage Available
Parcel # 0817-0029-00016-000-00002FS

Listing History

Event Date Price Change
Listed Feb 23, 2022 $589,500 -
Currently May 18, 2026 $570,000 -3.3%

Description

Welcome home to this newly renovated, spacious, garden facing studio apartment at Chelsea Lane.

Apartment 2FS is a highly functional studio apartment with large windows facing North through lush trees into the buildings landscaped garden, offering a serene and tranquil feeling inside the home.The apartment easily accommodates a any sized bed, full living room set up as well as a dining area or home office, conveniently located just outside of the open kitchen.

Chelsea Lane is a highly sought after, well-run, full service cooperative located at the crossroads of Chelsea, Union Square, Lower Fifth Avenue and Greenwich Village. The building features 24 hour doorman, live in super, low monthlies. Parents buying for or with full time employed children is allowed.

Don't miss this great opportunity to live in a full service building in an incredible location for a very low price. Call/email today for a private showing!

Please Note that the maintenance shown includes an assessment for the brand new lobby that is nearing completion. Maintenance will be reduced when the assessment ends, likely around July 2022.

Building Information

Financial Details

Maintenance $755/mo
Original Price $589,500
Sale Price $570,000
Previous Price $589,500

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

137

Median Asking Price

$2.42M

Median $/Sqft

$1,788

Avg Days on Market

N/A

New This Week

10

Price Reduced

32%

Sold (30 Days)

3

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 5/18/26, 6:28 AM EST

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Location

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16 W 16TH Street #2FS, Flatiron, New York County • Near 5 AVENUE and AVENUE OF THE AMERICAS

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 $755 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.

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: RLS10788786
First Listed: 2/23/2022
Price Changed: 8/10/2022
Closed: 8/9/2022
Contract Date: 2/23/2022

Listing Courtesy of Douglas Elliman Real Estate - Aaron Ross

Listing Contact: (516) 317-5434

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 5/18/2026 at 10:28 AM UTC

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