Under Contract – Backup offers may be accepted
305 W 16th Street #PHD
MLS® #RLS20059738
Listing by Compass
3
Bedrooms
3.5
Baths
—
Sq. Ft.
2008
Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: East,South facing
- Outdoor Space: Rooftop
Property Details
Description
FOR INVESTORS - TENANT IN PLACE UNTIL 8/30/26 Enjoy Chelsea living at its finest in this stunning three-bedroom, two-and-a-half-bathroom penthouse featuring extraordinary light and views, contemporary designer interiors and a private roof deck in an exceptional full-service Chelsea condop. This 1,449-square-foot residence makes a dazzling first impression with carbonized bamboo flooring, tall ceilings and quiet double-pane windows spanning the southern and eastern exposures. A gracious foyer flanked by a coat closet and powder room invites you into the corner great room, where the generous footprint for living and dining areas is wrapped in phenomenal open-sky views. Chefs will love the sleek open kitchen where custom Italian cerused Wenge cabinetry and Caesarstone countertops surround a fleet of upscale appliances, including a Bosch cooktop and oven, a Fisher & Paykel refrigerator and a built-in microwave. The desirable split layout places the owner’s suite along the southern exposure, where you’ll enjoy king-size proportions, a walk-in closet and a chic en suite bathroom finished with a large/tub shower, custom Italian-made cabinetry, Roca tile and Grohe fixtures. Two secondary bedrooms offer roomy closets and easy access to a second full bathroom with a rain shower. Head to your magnificent 680-square-foot roof deck for al fresco dining and entertainment alongside views that stretch across Manhattan to the Empire State Building and the super-tall skyscrapers of Midtown. This residence presents a lucrative investment opportunity with its unlimited subletting policy from day one. Whether seeking a primary residence or a high-yield rental asset, this condop offers versatility and profitability. Launched in 2011, 305W16 is a luxury cooperative with condominium rules designed by SLCE Architects and topped by the iconic 35-foot-tall flowerpot sculpture by Robert Buchholz. Residents enjoy 24-hour doorman service, a chic lobby, a package room, a fitness center with a Peloton bike, laundry and a lovely landscaped roof deck, plus storage and bike storage for an additional fee. Investor friendly, subletting, pieds-à-terre and co-purchasing allowed. No flip tax. Located where Chelsea meets the Meatpacking District and West Village, this spectacular home is at the epicenter of Manhattan’s most exciting neighborhoods. Take in stunning works of art at the Whitney and West Chelsea’s renowned galleries, or peruse the attractions at Chelsea Market. Enjoy fantastic dining and nightlife in every direction, including Jack’s Wife Freida, Elmo, Cafeteria, RH Rooftop and Pastis. You’ll find breathtaking waterfront outdoor space at the High Line and 550-acre Hudson River Park, including delightful Little Island Park. Transportation from this centrally located neighborhood is unbeatable with A/C/E, L, 1/2/3, F/M and PATH trains, excellent bus service and CitiBikes all nearby NOTE: Some photos have been virtually staged
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About Chelsea
View All Chelsea ListingsChelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood seamlessly blends industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside charming pre-war lofts and historic townhouses in the Chelsea Historic District.
Chelsea Live Market Data
View NeighborhoodActive Listings
255
Median Asking Price
$2.30M
Median $/Sqft
$1,965
Avg Days on Market
N/A
New This Week
16
Price Reduced
30%
Sold (30 Days)
29
Median Sale Price
$2.23M
Live data from RLS at REBNY • Updated 2/21/26, 1:55 AM EST
Similar Listings in Chelsea
View All551 W 21st Street #10B
Condo • RLS #RLS20048310
500 W 18th Street #EAST 19E
Condo • RLS #RLS20067169
500 W 18TH Street #WEST_20C
Condo • RLS #RLS20048443
500 W 18TH Street #EAST_22D
Condo • RLS #RLS10983961
500 W 18TH Street #EAST_18A
Condo • RLS #RLS20033767
240 W 23RD Street #PHC
Co-op • RLS #RLS20045354
Location
305 W 16th Street #PHD, Chelsea, New York County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
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.
Listing Courtesy of Compass - Dogan Baruh
Listing Contact: (917) 478-4949
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.
RLS Data display by Keller Williams NYC. Data last updated on 2/21/2026 at 6:55 AM UTC