Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
305 W 16th Street #5A
Closed For Sale Co-op

$690,000

$1,520 per sq ft

305 W 16th Street #5A

Chelsea, Manhattan

MLS® #RLS10963567

RLS at REBNY

Listing by Compass

Studio

1

Bath

454

Sq. Ft.

2008

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 454 sq ft
Year Built 2008
Ownership Co-op
Maintenance $1,728/mo
Neighborhood Chelsea
Floor 5 of 7

Property Highlights

  • Exposure: West facing
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 1
Baths 1 Full
Floor 5 of 7
Exposure West
Heating Wall Furnace
Cooling Wall Units
Pets Yes, CatsOk, DogsOk
Year Built 2008
Living Area 454 sq ft
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Parcel # 0740-0030-00305-000-000005A
Block/Lot 00740/1102

Listing History

Event Date Price Change
Listed Mar 12, 2024 $699,000 -
Currently Apr 28, 2026 $690,000 -1.3%

Description

Introducing 305 West 16th Street, Apartment #5A in the heart of Chelsea. This studio offers an ideal blend of comfort, convenience, and investment potential. This meticulously maintained apartment has a western exposure for excellent natural light and overlooks a large park, with the Dream Hotel & Google headquarters in the background. With space for sleeping, entertaining and dining, the layout maximizes storage, especially for aspiring chef's with an open kitchen. This is the only apartment in its price-point with an in unit washer/dryer! There is carbonized bamboo flooring throughout, complemented by a sleek galley kitchen featuring Caesarstone countertops, Bosch appliances, and custom Italian-made Cerused Wenge cabinetry. Beyond its impeccable interior, this residence presents a lucrative investment opportunity with its unlimited subletting policy from day one (rental potential around $4,250). Whether seeking a primary residence or a high-yield rental asset, this condop offers versatility and profitability. 305 West 16th Street feels like a hotel lifestyle. There is a signature scent when you walk in to the welcoming 24-hour doorman, Zen Garden, and fully furnished common roof deck. Every detail exudes sophistication especially the panoramic views stretching from the Empire State Building to Hudson Yards. There is a 24-hour fitness center equipped with state-of-the-art equipment, including a Peloton bike. Conveniently located near the ACE subway and iconic Chelsea Market, and easily accessible in and out of the city to Brooklyn, New Jersey, and beyond. Discover more about this exceptional opportunity by visiting @DanielleSellsNYC.

Features & Amenities

Interior Features

Breakfast Bar High Ceilings Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Flooring: Hardwood

Appliances

Cooktop Dishwasher Gas Cooktop Gas Oven Refrigerator Washer

Building Information

Building Data View Compliance & Permits
Total Units 53
Stories 7
Structure HighRise

Financial Details

Maintenance $1,728/mo
Original Price $699,000
Sale Price $690,000
Previous Price $699,000
Land Lease Yes

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

305

Median Asking Price

$1.90M

Median $/Sqft

$1,760

Avg Days on Market

N/A

New This Week

20

Price Reduced

33%

Sold (30 Days)

35

Median Sale Price

$2.00M

Live data from RLS at REBNY • Updated 4/28/26, 9:59 AM EST

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Location

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305 W 16th Street #5A, Chelsea, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
2
Floors
2
Residential Units
R5B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $121,260
Land Value: $20,400
Exemptions: $1,420

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

Lot Area: 1,333 SF
Building Area: 1,365 SF
Built FAR: 1.02
Allowed FAR: 1.5

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 $1,728 per month. Confirm the exact amount with the listing broker 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 0 bedrooms and 1 full bathroom.

The listed interior living area is 454 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2008, making it approximately 18 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 $690,000 for 454 sq ft, the asking price per square foot is approximately $1,520. 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: RLS10963567
First Listed: 3/12/2024
On Market: 3/12/2024
Price Changed: 5/24/2024
Closed: 5/23/2024
Contract Date: 10/20/2022

Listing Courtesy of Compass - Danielle Nazinitsky

Listing Contact: (330) 936-7928

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 4/28/2026 at 1:59 PM UTC

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