Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,080,000

Listed at $1,149,950 · Sold 6.1% below asking · Closed November 17, 2016

231 W 16th Street #1-ER
Closed For Sale Co-op

$1,149,950

$1,150 per sq ft

231 W 16th Street #1-ER

Chelsea, Manhattan

MLS® #RLS10072122

RLS at REBNY

Listing by DG Neary Realty Ltd.

2

Bedrooms

1

Bath

1,000

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 1,000 sq ft
Year Built 1910
Ownership Co-op
Maintenance $1,440/mo
Neighborhood Chelsea

Property Highlights

  • Exposure: East,North facing
  • Style: Prewar architecture
  • Climate Control: Window Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 1 Full
Exposure East,North
Cooling Window Units
Pets Yes
Cross Street Seventh Avenue/Eighth Avenue
Year Built 1910
Living Area 1,000 sq ft
Architectural Style Prewar
Block/Lot 766/23

Listing History

Event Date Price Change
Listed Jul 12, 2016 $1,149,950 -
Price Reduced Aug 15, 2016 $1,195,995 +4.0%

Description

This is the one bedroom (originally two bedroom easily converted back) duplex apartment you have been waiting for to come to market. This unit has almost everything one could ask for in a real home on a prime Chelsea block near almost every major subway line in NYC. This spacious apartment has awesome outdoor space, an extremely spacious kitchen, a separate dining room, a family room (bedroom), extra large living room, a large recreational room with either a walk-in closet(as is) or a second bath can be added which is already approved by the board with contractor estimate in place, brand new windows and bamboo floors throughout the unit. There are two alcohol vent free fireplaces that add to the ambiance. This duplexed apartment has a large outdoor backyard space right off the current den/family room with a working sunken hot tub already installed. There is an extra large living room with approximately 10 foot ceiling. The spacious kitchen has newer stainless steal appliances and has a real separate dining area that fits a table for 6 or more to dine. Downstairs there is a large recreational space with many possibilities. There is plenty of room to add a washer and dryer and is permitted by the board. The entrance to the E, C, A and L subway train is right on the block. And the 1, 2 and 3 is just two block away. This apartment is in a prime location of Chelsea with just steps away from all the fine restaurants and bars that make Chelsea such a desirable place to live. Sublets are allowed after one year of owning. Parents buying for their children, Pied a Terre and Pets are also permitted.

Features & Amenities

Interior Features

Dining Area Building Washer Dryer Install Allowed New Windows

Building Information

Financial Details

Maintenance $1,440/mo
Sale Price $1,080,000
Previous Price $1,195,995

Chelsea 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 mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

318

Median Asking Price

$1.69M

Median $/Sqft

$1,734

Avg Days on Market

N/A

New This Week

19

Price Reduced

30%

Sold (30 Days)

30

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 5/14/26, 2:34 AM EST

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Location

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231 W 16th Street #1-ER, Chelsea, New York County • Near Seventh Avenue/Eighth Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2008
Year Built
18 years old
4
Floors
8
Residential Units
R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $1,258,652
Land Value: $73,800
Exemptions: $1,250,029

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

Lot Area: 2,500 SF
Building Area: 6,966 SF
Built FAR: 2.79
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 $1,440 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 1,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 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.

At the current list price of $1,149,950 for 1,000 sq ft, the asking price per square foot is approximately $1,150. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10072122
First Listed: 7/12/2016
Price Changed: 8/15/2016
Closed: 11/17/2016
Contract Date: 7/12/2016

Listing Courtesy of DG Neary Realty Ltd. - Steve Van Brunt

Listing Contact: (212) 633-2727

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 5/14/2026 at 6:34 AM UTC

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