Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $494,000

· Closed March 21, 2025

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Closed For Sale Co-op

$494,000

16 W 16TH Street #4FS

Flatiron, Manhattan

Chelsea Lane

MLS® #RLS11001170

RLS at REBNY

Listing by Coldwell Banker Warburg

Studio

1

Bath

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1964
Ownership Co-op
Maintenance $867/mo
Neighborhood Flatiron
Floor 4 of 14

Property Highlights

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

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 1
Baths 1 Full
Floor 4 of 14
View Other
Exposure North
Cooling Wall Units
Pets Yes
Year Built 1964
Structure Type HighRise
Basement Other
Parcel # 0817-0029-00016-000-00004FS
Block/Lot 00817/0029

Description

Welcome to Apartment 4FS at Chelsea Lane - Your Urban Retreat!

First-Time Home Buyers or Pied- -Terre Seekers

As you enter this north-facing space, you'll immediately feel at home. The welcoming foyer leads you into a spacious living area, freshly painted and move-in ready. This versatile space allows you to create a cozy bedroom area while still enjoying a comfortable living/dining area for entertaining.

Key Features:

  • Flexible Living Space: The open layout provides ample space to customize your living and bedroom areas. A hidden gem, the Murphy bed allows for a true living, dining, and entertaining space, maximizing the apartment's functionality.
  • Kitchen: Featuring all-white appliances and solid wood cabinetry, the kitchen is for creating gourmet meals. If you prefer an open floor plan, the wall can easily be opened up, allowing you to chat with guests while cooking.
  • Peaceful Views: 4FS overlooks a beautiful atrium garden lined with trees, offering a serene and peaceful view from your window.

Building Amenities:

  • 24-Hour Doorman & Onsite Resident Manager: Enjoy the convenience and security of a full-service building.
  • Bike Room: Storage for your bike.
  • Tech-Friendly Laundry Room: The laundry facilities are equipped with machines that can be connected to your mobile device, notifying you when machines are available and when your laundry is done.
  • Building Link System: Receive alerts for dry cleaning and package deliveries directly to your smartphone.

Sublet Policies:

Subletting is permitted after five years of residency, with a sublease period of two years.

Chelsea Lane is known for its low maintenance fees and flexible purchasing options, including co-purchasing, parents buying, guarantors, and gifting.The building is pet-friendly (upon approval) and allows pied--terres. Subletting is permitted after five years of residency, with a sublease period of four years.Full financial disclosure and board approval is needed, with up to 80 percent financing available.

Prime Location:

Incredible location just a block away from Union Square Green Market. Ideally located by all major transportation: access by (4,5,6, N, R, Q, L, W, F, V,1,2,3, & PATH trains) Easy access to Citi Bikes available on the northeast corner of 16th and 5th Avenues. SHOWN BY APPOINTMENT ONLY!

Features & Amenities

Interior Features

Building None

Exterior Features

Building Courtyard Private Outdoor Space Under60 Sqft

Building Amenities

Elevators Storage

Building Information

Building Chelsea Lane
Total Units 489
Stories 14
Structure HighRise

Financial Details

Maintenance $867/mo
Original Price $505,000
Sale Price $494,000
Previous Price $505,000

The Flatiron District is a vibrant 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

122

Median Asking Price

$2.35M

Median $/Sqft

$1,724

Avg Days on Market

N/A

New This Week

7

Price Reduced

31%

Sold (30 Days)

11

Median Sale Price

$2.80M

Live data from RLS at REBNY • Updated 3/23/26, 1:15 PM EST

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Location

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16 W 16TH Street #4FS, Flatiron, New York County

Virtual Tour

MLS® ID: RLS11001170
First Listed: 8/15/2024
On Market: 8/15/2024
Price Changed: 3/24/2025
Closed: 3/21/2025
Contract Date: 8/15/2024

Listing Courtesy of Coldwell Banker Warburg - Alan Levy

Listing Contact: (917) 742-6743

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 3/23/2026 at 5:15 PM UTC

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