Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $465,000

· Closed December 23, 2022

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

$465,000

54 W 16TH Street #1J

Chelsea, Manhattan

GREENWICH HOUSE, TH

MLS® #RLS10816593

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

Studio

1

Bath

N/A

Sq. Ft.

1955

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1955
Ownership Co-op
Maintenance $798/mo
Neighborhood Chelsea
Floor 1 of 15

Property Highlights

  • Exposure: South facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 1 of 15
Exposure South
Pets Yes
Cross Street 5 AVENUE and AVENUE OF THE AMERICAS
Year Built 1955
Parcel # 0817-0085-00054-000-000001J

Listing History

Event Date Price Change
Listed May 13, 2022 $530,000 -
Price Reduced Dec 29, 2022 $475,000 -10.4%
Currently May 2, 2026 $465,000 -2.1%

Description

Move right in to this oversized studio apartment at The Greenwich House at the center of Chelsea, Greenwich Village and Union Square with maintenance of just $798/mo.. The apartment is conveniently located off the lobby behind a partition and faces south over an elevated courtyard providing southern sunshine without city noise. The home has a dressing room that offers abundant storage or can be used for sleeping or a home office. The main room has generous space for dining, living, working and sleeping. There is a a wall of mirrored closets for even more storage. The kitchen has a stainless steel range and dishwasher and the bathroom is updated. The apartment can be sold with it's contents of contemporary furnishings.

The building has a spacious lobby, a garage, large common roof deck with great views, and a part-time doorman from 4pm-8am. There is a central laundry room, bike storage and live-in Super. Guarantors, gifting and co-purchasing are considered on a case-by-case basis. The building is pet friendly, has a liberal sublet policy and is close to all subway lines (M,F are right outside, Union SQ, 1,2,3 one block away, ACE two blocks away). and the best of New York's shopping and dining including Whole Foods and Trader Joes.

Building Information

Financial Details

Maintenance $798/mo
Original Price $530,000
Sale Price $465,000
Previous Price $475,000

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

0

Median Asking Price

N/A

Median $/Sqft

N/A

Avg Days on Market

N/A

New This Week

0

Price Reduced

N/A

Sold (30 Days)

1

Median Sale Price

$1.70M

Live data from RLS at REBNY • Updated 5/2/26, 4:55 PM EST

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Location

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54 W 16TH Street #1J, Chelsea, New York County • Near 5 AVENUE and AVENUE OF THE AMERICAS

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2012
Year Built
14 years old
4
Floors
2
Residential Units
R6A
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $238,200
Land Value: $10,020
Exemptions: $0

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

Lot Area: 1,393 SF
Building Area: 4,158 SF
Built FAR: 2.98
Allowed FAR: 3

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 $798 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1955, making it approximately 71 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: RLS10816593
First Listed: 5/13/2022
Price Changed: 12/29/2022
Closed: 12/23/2022
Contract Date: 5/13/2022

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Mitchell Seligman

Listing Contact: (212) 521-5710

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 5/2/2026 at 8:55 PM UTC

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