Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $937,500

· Closed August 16, 2024

142 E 16TH Street #5H
Closed For Sale Co-op

$937,500

142 E 16TH Street #5H

Gramercy Park, Manhattan

GRAMERCY SPIRE

MLS® #RLS10985532

RLS at REBNY

Listing by Olshan Realty Inc

1

Bedroom

1

Bath

N/A

Sq. Ft.

1963

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1963
Ownership Co-op
Maintenance $1,973/mo
Parking Garage
Neighborhood Gramercy Park
Floor 5 of 22

Property Highlights

  • Views: City
  • Exposure: West facing
  • Outdoor Space: Terrace

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 22
View City
Exposure West
Cooling Other
Pets Yes
Year Built 1963
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 0871-0044-00142-000-000005H
Block/Lot 00871/0044

Listing History

Event Date Price Change
Listed Apr 10, 2024 $963,000 -
Currently Apr 23, 2026 $937,500 -2.6%

Description

Oversized move-in ready one bedroom with dining area and open kitchen, PLUS enclosed terrace perfect for home office!

The entertaining space is nearly 30' long, and starts with a great open kitchen featuring stainless appliances and an extra deep white quartz breakfast bar. This opens directly to the large dining area boasting custom designed banquet seating with tons of built in hidden storage.

The expansive living room is 12.4x22.6, and at the end you will find an unexpected bonus: the enclosed 6.4 x 12.8 terrace overlooking a pretty tree-lined western exposure, which is perfect for your home office, your Peloton, your morning coffee nook - or all 3!

The home has 4 large closets, including an upgraded walk-in in the bedroom, central heat and air, plus lovely redone plank flooring in the living room.

To top it all off, it is perfectly located at the crossroads of Gramercy, Irving, and Union Square. It is near all major shopping, the Farmers Market, and express transportation.

Building Notes:

The Gramercy Spire is a full service, 24 hour doorman co-operative. Built in 1963, with 147 units on 22 floors, the building features an iconic entrance, parking garage, laundry and bike room.

The co-op permits pets (with approval), pied-a-terre purchases, co-purchasing, and gifting. 75% financing is permitted. Flip tax is 2% by seller. Please note this is a non-smoking building.

Features & Amenities

Interior Features

Smoke Free Building Other

Exterior Features

Building Courtyard Terrace

Building Amenities

Elevators Indoor Pool

Building Information

Building GRAMERCY SPIRE
Total Units 145
Stories 22
Structure HighRise

Financial Details

Maintenance $1,973/mo
Original Price $963,000
Sale Price $937,500
Previous Price $963,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

175

Median Asking Price

$1.48M

Median $/Sqft

$1,781

Avg Days on Market

N/A

New This Week

6

Price Reduced

26%

Sold (30 Days)

20

Median Sale Price

$1.26M

Live data from RLS at REBNY • Updated 4/23/26, 4:26 AM EST

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Location

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142 E 16TH Street #5H, Gramercy Park, New York County

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $122,640
Land Value: $18,780
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,800 SF
Building Area: 2,000 SF
Built FAR: 1.11
Allowed FAR: 2

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 $1,973 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1963, making it approximately 63 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 mcoste@kwnyc.com. 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: RLS10985532
First Listed: 4/10/2024
On Market: 4/10/2024
Price Changed: 8/16/2024
Closed: 8/16/2024
Contract Date: 4/10/2024

Listing Courtesy of Olshan Realty Inc - Cynthia Crowley

Listing Contact: (917) 673-6480

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 4/23/2026 at 8:26 AM UTC

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