Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,796,660

Listed at $2,950,000 · Sold 5.2% below asking · Closed May 30, 2017

126 E 16th Street #1B
Closed For Sale Co-op

$2,950,000

$983 per sq ft

126 E 16th Street #1B

Gramercy Park, Manhattan

MLS® #RLS10470998

RLS at REBNY

Listing by Elliman

3

Bedrooms

3

Baths

3,000

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 3,000 sq ft
Year Built 1910
Ownership Co-op
Maintenance $4,732/mo
Neighborhood Gramercy Park
Floor 1 of 5

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1910)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths null Full
Floor 1 of 5
Pets Yes
Cross Street Irving Place & Third Avenue
Year Built 1910
Living Area 3,000 sq ft
Architectural Style Prewar

Listing History

Event Date Price Change
Listed Aug 2, 2016 $3,395,000 -
Price Reduced Sep 24, 2016 $3,150,000 -7.2%
Currently Jun 5, 2026 $2,950,000 -6.3%

Description

Sprawling 3 Bedroom with Beautiful Private Garden! This charming 3 bedroom, 2.5 bathroom duplex has been beautifully renovated. The oversized living room features a wall of south facing windows providing plentiful amounts of natural light while custom book cases and built-ins provide ample amounts of storage. Perfect for entertaining, the large dining area complete with a wood-burning fireplace adds to the warmth of this stunning home. The kitchen features black granite countertops and stainless steel appliances by Viking, Miele, and Sub Zero plus a cozy breakfast nook. The grand master suite boast an en-suite bath outfitted with Waterworks hardware, wood-burning fireplace, walk-in closet, and custom cedar closet. The lower level of the home features two additional bedrooms, a media room and second living room/den with built-in bookcases. Custom crown moldings, wainscoting and hardwood floors throughout add charm, while a spacious laundry room, and built-in sound system complete this one of a kind Gramercy gem. Ideally located in the heart of Gramercy just off Irving Place and only two blocks from Union Square, trains and 5-star dining options.

Features & Amenities

Exterior Features

Garden

Appliances

Dryer Washer

Building Information

Building Data View Compliance & Permits
Total Units 12
Stories 5
Style Prewar

Financial Details

Maintenance $4,732/mo
Original Price $3,395,000
Sale Price $2,796,660
Previous Price $3,150,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

177

Median Asking Price

$1.40M

Median $/Sqft

$1,732

Avg Days on Market

N/A

New This Week

6

Price Reduced

31%

Sold (30 Days)

26

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 6/5/26, 5:13 PM EST

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Location

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126 E 16th Street #1B, Gramercy Park, New York County • Near Irving Place & Third Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $111,600
Land Value: $20,100
Exemptions: $0

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

Lot Area: 1,750 SF
Building Area: 1,892 SF
Built FAR: 1.08
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 $4,732 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 3 bedrooms and 3 full bathrooms.

The listed interior living area is 3,000 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 not permitted at this property per the current listing information. Confirm with the listing broker directly.

At the current list price of $2,950,000 for 3,000 sq ft, the asking price per square foot is approximately $983. 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: RLS10470998
First Listed: 8/2/2016
Price Changed: 9/24/2016
Closed: 5/30/2017
Contract Date: 8/1/2016

Listing Courtesy of Elliman - Noble B. Black

Listing Contact: (347) 526-3308

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 6/5/2026 at 9:13 PM UTC

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