For Sale · Listing by Compass
253 W 16th Street #1B
Chelsea, Manhattan
$1,200,000
253 W 16th Street #1B
MLS® #RLS20119325
Listing by Compass
Open House Scheduled
Sunday, October 11 • 1:00 PM – 2:30 PM
REBNY 2025: signed Buyer Representation Agreement required before any showing.
- 2
- Bedrooms
- 1
- Bath
- N/A
- Sq. Ft.
- 1930
- Year Built
Quick Summary
Property Highlights
- Character: Pre-war building (1930)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Oct 5, 2026 | $1,200,000 | - |
| Currently | Oct 7, 2026 | $1,200,000 | - |
Description
Tucked away in the heart of Chelsea, 253 West 16th Street, Unit 1B, presents a rare opportunity to secure a piece of classic Manhattan architecture and transform it into a bespoke urban retreat. This residence serves as a magnificent canvas for your personal touch, offering the kind of foundational elements—like soaring high ceilings and impressive volume—that are becoming increasingly hard to find. The apartment’s oversized windows let natural light play across the hardwood floors, highlighting the living space's generous proportions. The current layout offers a clear sense of flow. The primary suite and kitchen areas are perfectly positioned for a creative refresh, allowing you to bring a custom vision to life with high-end finishes and tailored fixtures that reflect your specific style. It is a space that invites you to think big and create a polished sanctuary that is entirely your own. The building offers a live-in superintendent, laundry room, video intercom, bike storage, and storage units available for rent. In-unit washer/dryer installation is permitted with approval. The co-op allows up to 80% financing. Subletting is permitted after one year of ownership for up to three out of every six years. Guarantors are permitted, and pets are welcome with board approval. Living at 253 West 16th Street places you at the epicenter of downtown culture. You are moments away from the lush greenery of the High Line and the world-renowned contemporary art galleries that define Chelsea’s creative soul. From the artisanal offerings of Chelsea Market to the high-energy dining of the nearby Meatpacking District, the lifestyle perks are unparalleled. With effortless access to multiple subway lines, this is more than just a home—it is a chance to craft your own masterpiece in one of the most desirable corners of the city.
Features & Amenities
Interior 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 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 NeighborhoodActive Listings
286
Median Asking Price
$1.64M
Median $/Sqft
$1,945
Avg Days on Market
N/A
New This Week
16
Price Reduced
29%
Sold (30 Days)
42
Median Sale Price
$1.77M
Live data from RLS at REBNY • Updated 10/6/26, 11:40 PM EST
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Location
253 W 16th Street #1B, Chelsea, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
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.
Frequently Asked Questions
Common questions about this property
The current listed monthly maintenance are $2,253.65 per month. Confirm the exact amount with Milton Coste before making an offer.
The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.
This property has 2 bedrooms and 1 full bathroom.
According to MLS records, the building was constructed in 1930, making it approximately 96 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: Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.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) 416-7433Listing Courtesy of Compass - Patrick Rodgers Frankfort
Listing Contact: (917) 855-3141
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 Data display by Keller Williams NYC. Data last updated on 10/7/2026 at 3:40 AM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 253 W 16th Street #1B
At $1,200,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. Free, no obligation.
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Quick Facts
Monthly Costs Estimate
$240,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$0
Estimates only. Consult a lender for exact figures.
Mansion tax applies at this price point
New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.
Estimated mansion tax at asking
$12,000
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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