SOLD FOR $519,000
· Closed October 4, 2024
16 W 16th Street #3FS
MLS® #RLS10987627
Listing by Compass
Studio
1
Bath
N/A
Sq. Ft.
1964
Year Built
Quick Summary
Property Highlights
- Exposure: North facing
- Climate Control: Wall Units
- Parking: Private garage
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Feb 13, 2024 | $549,000 | - |
| Price Reduced | Oct 6, 2024 | $525,000 | -4.4% |
| Currently | May 13, 2026 | $519,000 | -1.1% |
Description
BETTER THAN RENTING!! Super low maintenance of $825/month!!!!! Pin-drop quiet designer home in the heart of downtown located on 16th Street between 5th and 6th Avenue. Welcome to The Chelsea Lane at 16th West 16th Street, a charming, renovated coop building in Prime Flatiron/Chelsea right by Union Square with remodeled lobby and hallways. Apartment 3FS is in the South Tower overlooking a beautiful and tranquil garden with northern exposure. This renovated large studio home have been intelligently planned to maximize every square foot. The beautiful apartment welcomes you with a generous dining foyer and an expansive living room with oversized windows from wall to wall overlooking the peaceful tree filled garden. The living space adjoins a sleeping area which accommodates a queen size bed. Updated bathroom with bathtub/shower and a remodeled kitchen features a gas stove, dishwasher, and full-size refrigerator. There is wonderful storage in this apartment including a walk-in closet and a coat/linen closet. The generous dining area would make a comfortable office space as well for work at home. AC in wall, baseboard heating and parquet wood floors throughout. Laundry room in building. 16th West 16th Coop, also known as the Chelsea Lane, is one of the most coveted full-service cooperatives right off of Fifth Avenue in the heart of Flatiron/Chelsea. The Chelsea Lane is home to 485 apartments, ranging from studios to three-bedroom apartments, located in two buildings which is separated by a lovely planted courtyard with access to 16th and 15th Street. Amenities includes full time doorman, live-in Superintendent, courtyard, residential lounge, and laundry room. Convenient to all transportation within a block or two: 1, 2, 3, F, M, N, R, Q, W, 4, 5, 6, & L. Walk to Union Square Park, Madison Square Park, Farmer’s market, Eataly, Trader Joes, and Whole Foods. Best shopping at the corner on Fifth Avenue. You can’t find a better central location and well-run building. This coop allows pets with Board approval, pied-a-terre, co-purchasing, and parents buying for employed children. 80% max financing. Don’t miss out. Schedule your viewing today!
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About Flatiron
View All Flatiron ListingsThe 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 NeighborhoodActive Listings
132
Median Asking Price
$2.25M
Median $/Sqft
$1,788
Avg Days on Market
N/A
New This Week
8
Price Reduced
32%
Sold (30 Days)
12
Median Sale Price
$2.54M
Live data from RLS at REBNY • Updated 5/13/26, 4:35 PM EST
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Location
16 W 16th Street #3FS, Flatiron, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $825 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. 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) 416-7433Listing Courtesy of Compass - LiJuan Ye
Listing Contact: (914) 207-5909
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 Data display by Keller Williams NYC. Data last updated on 5/13/2026 at 8:35 PM UTC