Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
Closed For Sale Co-op

$1,395,000

$1,500 per sq ft

231 W 16th Street #5-WR

Chelsea, Manhattan

MLS® #RLS10663488

RLS at REBNY

Listing by Compass

2

Bedrooms

1

Bath

930

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 930 sq ft
Year Built 1910
Ownership Co-op
Maintenance $1,761/mo
Neighborhood Chelsea
Floor 5 of 5

Property Highlights

  • Exposure: East,North,South facing
  • Outdoor Space: Terrace
  • Style: Prewar architecture

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 5 of 5
Exposure East,North,South
Pets Yes
Cross Street Seventh Avenue/Eighth Avenue
Year Built 1910
Living Area 930 sq ft
Architectural Style Prewar
Block/Lot 766/23

Listing History

Event Date Price Change
Listed Jul 11, 2008 $1,395,000 -
Currently May 5, 2026 $1,395,000 -

Description

This gorgeous and lofty penthouse duplex with TWO private terraces, has been described as a 'cottage in the sky' and features an outdoor shower that was mentioned in New York Magazine! Air, light and privacy await you on the top floor of a charming classic coop on the perfect Chelsea tree lined block. It is well worth the walkup to reach this sun flooded 2 bedroom with high ceilings, exposed brick and hardwood floors throughout. Both spacious bedrooms have natural sunlight and large closets with extra storage, and the master bedroom even has a Juliet balcony overlooking the serene courtyard below. The first floor also provides a beautiful floor to ceiling tiled bath, an in-unit washer/dryer, and an eat-in kitchen with dishwasher, stainless steel appliances and a separate pantry. But the true magnificence is found on the second floor. As you ascend the staircase, you are greeted with a lovely spacious living area featuring 12' vaulted ceilings and four exposures. This area is flanked by two beautiful furnished private terraces totalling approx 390 square feet, and offering breathtaking views of the city. The terraces are fully equipped with an irrigation system for landscaping as well as lighting, surround sound speakers, and the ability to shower under the stars in your own personal outdoor rain shower! This stunning apartment is truly a unique New York living experience and is located in one of Manhattan's most coveted neighborhoods. Nearby, are two major express subway stations, exceptional restaurants and nightlife, as well as world-class recreational and cultural attractions such as Chelsea Market, The Highline, Meatpacking District, Chelsea Piers, Hudson River Park and the new Whitney Museum.

Features & Amenities

Interior Features

Pantry Building Washer Dryer Install Allowed

Exterior Features

Juliet Balcony Terrace

Appliances

Dryer Washer

Building Information

Financial Details

Maintenance $1,761/mo
Sale Price $1,395,000

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

311

Median Asking Price

$1.89M

Median $/Sqft

$1,834

Avg Days on Market

N/A

New This Week

28

Price Reduced

26%

Sold (30 Days)

35

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 5/5/26, 7:39 AM EST

Similar Listings in Chelsea

View All

Location

Loading map...

231 W 16th Street #5-WR, Chelsea, New York County • Near Seventh Avenue/Eighth Avenue

Virtual Tour

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 $1,761 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 930 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 $1,395,000 for 930 sq ft, the asking price per square foot is approximately $1,500. 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: RLS10663488
First Listed: 7/11/2008
Price Changed: 2/5/2021
Closed: 5/8/2021
Contract Date: 9/2/2020

Listing Courtesy of Compass - Barbara Helms

Listing Contact: (212) 461-6070

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 5/5/2026 at 11:39 AM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton