$690,000
Updated 2 years ago
Sold

305W16

305 West 16th Street, 5-A

Chelsea, Manhattan | Eighth Ave & Ninth Ave

Studio 1 Bath454 Square FeetCondop [Land-Lease]

$690,000
Price Per SF
$1,520

This property was sold for $690,000 on 05/23/24.

Listing Features

  • Entry Foyer
  • Hardwood Floors
  • High Ceilings
  • Recessed Lighting
  • Washer / Dryer
  • Dishwasher
  • Galley
  • Gourmet Kitchen
  • Microwave
  • Open Kitchen
  • S Steel Appliances

Outdoor space and views

  • Park Views
  • Skyline Views
  • West Exposure

Building Amenities

  • Full Service
  • Bike Storage
  • Elevator
  • Fitness Facility
  • Garden
  • Laundry Room
  • Roof Deck
  • Storage

Policies


Property Description for 305 West 16th Street, 5-A

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.

Listing History for 305 West 16th Street, 5-A

Now
05/24/2024
$690,000
Sold and Closed by Danielle Nazinitsky
Compass
04/02/2024
Contract Signed by Danielle Nazinitsky
Compass

Building Details for 305 West 16th Street

OwnershipCondop [Land-Lease]
Building TypeLow-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built2011
Financing Allowed80%
Floors/Apts7/53
Learn More About the Building

Transit and Citi Bike

Subway

14 St
0.02 miles
8 Av
0.11 miles
18 St
0.2 miles
14 St
0.24 miles
6 Av
0.37 miles

Citi Bike

8 Ave & W 16 St
0.01 miles
W 17 St & 8 Ave
0.04 miles

Contact Agent

Contact Agent

Chelsea | Manhattan

Quick Profile

The row houses portray the world-class architecture of Greek Revival, Italianate and Georgian styles. The population is both ethnically and socially diverse, which is reflected in the restaurants and retail businesses in the neighborhood. 

Western Chelsea is the center of the NYC art world, where you will find more than 200 art galleries housed in rehabbed factories and warehouses, as well as in newly-constructed buildings.

While people of many different cultures call Chelsea home, it has been a mecca over the years for people in the LGBTQ community. One census reported that as many as 22% of its residents were gay couples. Eighth Avenue is a trendy area for LGBTQ-oriented dining and shopping. Although it no longer draws the LGBTQ population that it once did, Chelsea still has many popular alternative bars.  

Chelsea is primarily residential, consisting of a mixture of diverse complexes, low-rise apartment blocks, tenements, townhouses, renovated row houses, and luxury high-rises. 

Chelsea is an interesting and sought-after place to live, with unique clothing boutiques, restaurants, and delis representing cultures from around the world. In addition to its quirky establishments, Chelsea has fine dining restaurants and a vibrant, hip nightlife, which adds to its allure.

Chelsea is well-served by public transportation. At least six city bus routes traverse Chelsea. There are three NYC subway routes with stops on Seventh Avenue, three on Eighth Avenue, and two more on Sixth Avenue. The 34th Street - Hudson Yards Station opened in 2015 with its main entrance in Chelsea.  

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 966646