Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $650,000

· Closed January 15, 2025

16 W 16th Street #5BS
Closed For Sale Co-op

$650,000

16 W 16th Street #5BS

Flatiron, Manhattan

MLS® #RLS10955473

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 $1,101/mo
Parking Garage
Neighborhood Flatiron
Floor 5 of 14

Property Highlights

  • Exposure: South facing
  • Climate Control: Central Air
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 14
Exposure South
Heating Central
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 1964
Parking Garage Available
Parking Features Garage
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 0817-0029-00016-000-00005BS
Block/Lot 00817/0029

Listing History

Event Date Price Change
Listed Mar 14, 2024 $650,000 -
Currently May 15, 2026 $650,000 -

Description

Welcome to this elegant 'junior 1' bedroom / alcove studio residence, located on West 16th Street in the heart of Downtown Manhattan. This bright, street-facing unit offers a stylish and comfortable living space in a prime location. Upon entering, you are greeted by an abundance of natural light that fills the open layout, creating an inviting and airy ambiance. The home's foyer can be used both as a mud room and home office, with cut-outs that naturally lend themselves to cozy separations of space. The entry seamlessly flows into the well-appointed kitchen, with ample space to move around while cooking. The living room is generously proportioned, providing more than enough space to accommodate separate living and dining areas, making it ideal for entertaining or simply relaxing in style. The bedroom alcove is thoughtfully designed with a custom-built bedframe, offering additional storage underneath, and complemented by stylish built-ins that offer ample storage. Better yet - there's another three oversized closets throughout the home, which means you'll have space for all of your personal belongings. Whether you choose to make changes to the unit or simply enjoy it as it is, the potential for customization allows for personalization to suit your individual taste and lifestyle. Centrally located where both Flatiron & Chelsea meet, this residence offers convenient access to a myriad of dining, shopping, and entertainment options. Additionally, its central location provides close proximity to most subway lines, making commuting across the city and into other boroughs a breeze. Furthermore, it is just one block from both Union Square and lower 5th Avenue, offering unparalleled access to Manhattan's most dynamic and lively downtown hubs. The Chelsea Lane at 16 West 16th Street is one of Flatiron’s most well-run and sought after buildings. Amenities include a fully staffed lobby with a 24 hour doorman, live-in super and on-site managing agent. Well trained staff of handymen & porters with 24 hour coverage. Easy access to laundry, storage, bike room and garage on buildings lower level. Pets, pied-a-terres, and co-purchasing are allowed. Just a short walk to the following subway lines: 1/2/3/F/M/4/5/6/L/N/Q/R/W. It doesn't get better than this! Don't miss your opportunity to make this stylish and well-equipped residence your very own. Contact the listing broker today to schedule a private viewing and experience the allure of 16 West 16th Street living.

Features & Amenities

Interior Features

Built In Features Entrance Foyer His And Hers Closets Common On Floor Common Area Flooring: Hardwood

Appliances

Dishwasher

Building Information

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

Financial Details

Maintenance $1,101/mo
Sale Price $650,000

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

135

Median Asking Price

$2.29M

Median $/Sqft

$1,775

Avg Days on Market

N/A

New This Week

6

Price Reduced

32%

Sold (30 Days)

1

Median Sale Price

$2.48M

Live data from RLS at REBNY • Updated 5/15/26, 5:48 AM EST

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Location

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16 W 16th Street #5BS, Flatiron, New York County

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 $1,101 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) 416-7433
MLS® ID: RLS10955473
First Listed: 3/14/2024
On Market: 3/14/2024
Closed: 1/15/2025
Contract Date: 3/14/2024

Listing Courtesy of Compass - Lauren Schaffer

Listing Contact: (847) 682-3303

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 5/15/2026 at 9:48 AM UTC

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