Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,030,000

· Closed December 14, 2021

16 W 16TH Street #PHDS
Closed For Sale Co-op

$1,030,000

16 W 16TH Street #PHDS

Flatiron, Manhattan

CHELSEA LANE

MLS® #RLS10029348

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 $1,605/mo
Parking Garage
Neighborhood Flatiron
Floor 14 of 14

Property Highlights

  • Exposure: North facing
  • Parking: Private garage

Property Details

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

Listing History

Event Date Price Change
Listed Sep 9, 2021 $995,000 -
Currently May 18, 2026 $1,030,000 +3.5%

Description

A must see, one-of-a-kind, junior penthouse studio loft located in a full-service luxury building at the crossroads of Chelsea, Greenwich Village, Union Square and Flatiron. Triple mint from floor to ceiling with a collection of high-end finishes that will take your breath away.This unit features a 180 square foot private terrace that runs the width of the apartment and numerous luxurious details within. The large, open kitchen includes natural stone countertops and backsplash, Dornbracht fixtures, plus Dacor, Miele and Liebherr appliances. The adjacent dining area easily accommodates a large table. Bathroom details include natural stone surround soaking tub with rain shower, Fantini Venezia fixtures with Murano glass handles, hand-blown glass lighting fixtures and a custom vanity with German silver trim. Other features include blonde bamboo floors, a custom crafted window bench/dresser and custom leather closet door inlays. Endless beauty, endless storage options. 16 West 16th Street, also known as Chelsea Lane, is one of the most sought after full-service cooperative elevator buildings in lower Manhattan. Located just off Fifth Avenue, within reach of some of the best shopping, restaurants, and nightlife New York City has to offer, plus accessibility to multiple train lines. Amenities include 24-hour doorman, live-in super, full-service maintenance staff, onsite laundry, onsite managing agent, as well as onsite parking garage, available storage and bike room. Pets and subletting are allowed with board approval. In addition, pied-a-terre, co-purchasers, purchase guarantors, and gift purchases are all permitted.

48 Hour Notice Needed For All Showing Requests

Features & Amenities

Exterior Features

Garden

Building Information

Financial Details

Maintenance $1,605/mo
Original Price $995,000
Sale Price $1,030,000
Previous Price $995,000

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

139

Median Asking Price

$2.42M

Median $/Sqft

$1,788

Avg Days on Market

N/A

New This Week

12

Price Reduced

32%

Sold (30 Days)

4

Median Sale Price

$1.55M

Live data from RLS at REBNY • Updated 5/18/26, 12:16 PM EST

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Location

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16 W 16TH Street #PHDS, 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 $1,605 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: RLS10029348
First Listed: 9/9/2021
Price Changed: 12/20/2021
Closed: 12/14/2021
Contract Date: 4/25/2021

Listing Courtesy of Douglas Elliman Real Estate - Samantha Bhatty

Listing Contact: (212) 203-8277

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 4:16 PM UTC

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