Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,350,000

· Closed May 10, 2023

16 W 16TH Street #1GHN
Closed For Sale Co-op

$1,350,000

16 W 16TH Street #1GHN

Flatiron, Manhattan

CHELSEA LANE

MLS® #RLS10847014

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

2

Baths

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1964
Ownership Co-op
Maintenance $2,023/mo
Parking Garage
Neighborhood Flatiron
Floor 1 of 14

Property Highlights

  • Outdoor Space: Patio
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
Floor 1 of 14
Pets Yes
Cross Street 5 AVENUE and AVENUE OF THE AMERICAS
Year Built 1964
Parking Garage Available

Listing History

Event Date Price Change
Listed Feb 8, 2023 $1,374,000 -
Currently May 18, 2026 $1,350,000 -1.7%

Description

Fantastic opportunity to combine 2 apartments and create your own 2 bedroom 2 bathroom home at an amazing price! Make this home uniquely yours by designing the best layout and kitchen to fit your needs. This peaceful garden apartment features a suburban size private patio with a tranquil southern exposure into the building's landscaped garden. Other features include fantastic closet space, 9 foot ceilings throughout, oversized windows, and newly refinished parquet wood floors.

16 West 16th Street "The Chelsea Lane", is one of Flatiron's most sought after buildings. Amenities include fully staffed lobby with a 24 hour doorman, live-in super and on site managing agent. Well trained staff of handymen & porters with 24 hour coverage. Easy access to laundry, storage, bike room and garage on buildings lower level. Conveniently located seconds from the Union Square Farmers Market, lower Fifth Avenue/Flatiron's world renowned restaurants & some of the best shopping NYC has to offer. The building's central location keeps you close to all of Manhattan's major public transportation, so getting around town is incredibly convenient!

Features & Amenities

Exterior Features

Patio

Building Information

Financial Details

Maintenance $2,023/mo
Original Price $1,374,000
Sale Price $1,350,000
Previous Price $1,374,000

The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.

Flatiron Live Market Data

View Neighborhood

Active Listings

137

Median Asking Price

$2.42M

Median $/Sqft

$1,788

Avg Days on Market

N/A

New This Week

10

Price Reduced

32%

Sold (30 Days)

3

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 5/17/26, 11:47 PM EST

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Location

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16 W 16TH Street #1GHN, Flatiron, New York County • Near 5 AVENUE and AVENUE OF THE AMERICAS

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3

Building Information

Official NYC property records for this building

1964
Year Built
62 years old
14
Floors
481
Residential Units
C6-2M
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $44,628,750
Land Value: $6,294,150
Exemptions: $537,283

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

Lot Area: 45,223 SF
Building Area: 403,741 SF
Built FAR: 8.93
Allowed FAR: 6.02

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 $2,023 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

According to MLS records, the building was constructed in 1964, making it approximately 62 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: RLS10847014
First Listed: 2/8/2023
Price Changed: 5/11/2023
Closed: 5/10/2023
Contract Date: 2/8/2023

Listing Courtesy of Douglas Elliman Real Estate - Dennis Margulies

Listing Contact: (212) 645-4040

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 5/18/2026 at 3:47 AM UTC

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