Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
16 W 16th Street #11NS
3D Tour
Interested in this property?
Active For Sale Co-op

$699,000

16 W 16th Street #11NS

Flatiron, Manhattan

CHELSEA LANE

MLS® #RLS20080395

RLS at REBNY

Listing by Yoreevo LLC

Studio

1

Bath

N/A

Sq. Ft.

1964

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1964
Ownership Co-op
Maintenance $1,198/mo
Parking Garage
Neighborhood Flatiron

Property Highlights

  • Exposure: North facing
  • Parking: Private garage
  • New Construction: Brand new building

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Exposure North
Heating None
Cooling None
Pets Yes
Cross Street 5th & 6th Avenue
Year Built 1964 (New)
Parking Garage Available
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Parcel # 0817-0029-00016-000-00011NS
Block/Lot 00817/0029

Listing History

Event Date Price Change
Listed Oct 17, 2025 $739,000 -
Currently May 1, 2026 $699,000 -5.4%

Description

Welcome to this beautifully renovated alcove studio at 16 West 16th Street, The Chelsea Lane!

Bright, spacious, and pin-drop quiet, this home sits in the heart of downtown.

The open kitchen is perfect for entertaining, featuring stainless steel appliances (including a dishwasher), granite countertops, and generous cabinet space.

The sleeping area comfortably fits a queen bed with nightstands, and there are three large closets throughout the apartment.

Chelsea Lane offers a 24-hour doorman, live-in super, bike room, laundry you can monitor from your phone, a garage with direct building access, storage, and newly renovated lobby and hallways.

Guarantors, gifting, co-purchasing and pied-a-terres are all allowed subject to board approval. Subletting is allowed for up to four years after living in the apartment for at least five years.

Youll have endless transportation options with the 4, 5, 6, N, Q, R, W, F, M, L, and PATH trains all within one block, plus the 1, 2, 3, and A, C, E lines not much farther. Whole Foods and Trader Joes are nearby, along with everything Union Square, Flatiron, and Greenwich Village have to offer.

There is a 2% flip tax paid by the seller. There is a monthly assessment of $314.40 through September 2027 for work on the elevators and facade.

All dimensions and measurements are approximate. We support Fair Housing.





Features & Amenities

Interior Features

Storage Building Inside Common Area None Flooring: Hardwood

Exterior Features

Building Storage Building Courtyard Courtyard Private Outdoor Space Under60 Sqft Storage

Building Amenities

Bike Storage Elevators Storage

Appliances

Dishwasher Microwave Stainless Steel Appliances

Building Information

Financial Details

Maintenance $1,198/mo
Original Price $739,000
Previous Price $739,000

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

124

Median Asking Price

$2.22M

Median $/Sqft

$1,741

Avg Days on Market

N/A

New This Week

4

Price Reduced

27%

Sold (30 Days)

5

Median Sale Price

$2.80M

Live data from RLS at REBNY • Updated 5/1/26, 5:42 AM EST

Similar Listings in Flatiron

View All

Location

Loading map...

16 W 16th Street #11NS, Flatiron, New York County • Near 5th & 6th Avenue

Virtual Tour

Floor Plans

Floor Plan 1

Floor Plan

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 $1,198 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.

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: RLS20080395
First Listed: 3/31/2026
On Market: 10/17/2025
Price Changed: 3/31/2026
Contract Date: 10/15/2025

Listing Courtesy of Yoreevo LLC - James McGrath

Listing Contact: (212) 365-0151

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 5/1/2026 at 9:42 AM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

NYC Flip Tax Guide for Sellers

What co-op flip taxes are, how they're calculated, and who pays.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email