Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
253 W 16th Street #1B

For Sale · Listing by Compass

253 W 16th Street #1B

Chelsea, Manhattan

$1,200,000

Interested in this property?
Active For Sale • Co-op

$1,200,000

253 W 16th Street #1B

Chelsea, Manhattan

MLS® #RLS20119325

RLS at REBNY

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

Bedrooms 2
Bathrooms 1
Lot Size 9,137.5 sq ft
Year Built 1930
Ownership Co-op
Maintenance $2,253.65/mo
Neighborhood Chelsea
Floor 1 of 6

Property Highlights

  • Character: Pre-war building (1930)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 1 of 6
Pets Yes, CatsOk, DogsOk
Year Built 1930
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Lot Size 9,137.5 sq ft
Parcel # 0766-0009-00253-000-000001B
Block/Lot 00766/0009

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

Entrance Foyer High Ceilings Walk In Closets Building Washer Dryer Install Allowed Common On Floor Common Area Flooring: Hardwood

Building Amenities

Elevators

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 53
Stories 6
Structure MultiFamily

Financial Details

Maintenance $2,253.65/mo

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

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

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253 W 16th Street #1B, Chelsea, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2003
Year Built
23 years old
5
Floors
16
Residential Units
R6B
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $1,928,697
Land Value: $78,751
Exemptions: $1,469,953

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

Lot Area: 7,494 SF
Building Area: 16,809 SF
Built FAR: 2.24
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 $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) 416-7433
MLS® ID: RLS20119325
First Listed: 10/5/2026
On Market: 10/5/2026
Price Changed: 10/5/2026
Contract Date: 10/5/2026

Listing 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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/7/2026 at 3:40 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Chelsea Market Update

42 sales last 30 days · $1.64M median · 6.8 months supply

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Quick Facts

Status Active Type Co-op Neighborhood Chelsea Borough Manhattan
County New York
Floor 1 of 6
Year Built 1930
First Listed 10/5/2026
Maintenance $2,253.65/mo

Monthly Costs Estimate

Down Payment 20%

$240,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $2,253.65
Total Monthly $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

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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