Updated 3 days ago
In contract

Chelsea Lane

16 West 16th Street, 5-HN

Flatiron District, Manhattan | Fifth Ave & Ave of the Americas

Studio 1 Bath400 Square FeetCo-op

$550,000
Maintenance$902
Price Per SF
$1,375

Listing Features

  • Dining Alcove
  • Hardwood Floors
  • Dishwasher
  • Microwave
  • Open Kitchen
  • Pass Thru Kitchen
  • S Steel Appliances
  • Separate Kitchen

Outdoor space and views

  • Garden Views
  • South Exposure

Building Amenities

  • Full-Time Doorman
  • Bike Storage
  • Courtyard
  • Elevator
  • Garage
  • Garden
  • Laundry Room
  • Renovated Lobby
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 16 West 16th Street, 5-HN

Renovated sunny south-facing studio in a full service building in prime Flatiron/Union Square location now available for sale. This long and spacious studio easily has space for a bedroom area, living area and dining. The open and pass-through kitchen features stainless steel appliances including a dishwasher and a breakfast bar. The Chelsea Lane is a coveted full-service co-op featuring a 24-hour doorman, live-in superintendent, remodeled lobby, tech-friendly laundry room, and a beautifully landscaped viewing-courtyard. Pied-à-terres, co-purchasing, gifting, and parents buying for working children are allowed, and pets are welcome upon board approval. Located near multiple subway lines, Union Square Park, Trader Joe’s, Whole Foods, and countless dining options, it offers unmatched convenience for an unbeatable downtown lifestyle. Sublet policy is live 5 years and then rent for 4 years, board approval required. Flip tax is paid by seller. Small assessment until Jan 2027 for Local Law 11 work.

Listing History for 16 West 16th Street, 5-HN

Now
08/12/2026
Contract Signed by Florence Ng
Compass
06/17/2026
$550,000
Initial Price by Florence Ng
Compass

Building Details for 16 West 16th Street

OwnershipCo-op
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePost-War
AccessElevator
Year Built1960
Financing Allowed80%
Floors/Apts14/481
Learn More About the Building

Transit and Citi Bike

Subway

14 St
0.13 miles
6 Av
0.15 miles
14 St-Union Sq
0.21 miles
18 St
0.33 miles
23 St
0.36 miles

Citi Bike

E 15 St & 5 Ave
0.08 miles
E 16 St & 5 Ave
0.08 miles

Building Availability

APPSF
Median
Average
$1,308
$799,000
$995,714
$1,252
$849,000
$762,500
Last 12 months
$1,365
-
-
Last 12 months
$96
-
-

Studio in Flatiron District

APPSF
Median
Average
$1,520
$495,000
$561,000
$1,401
$550,000
$552,800

Similar Listings in Flatiron District

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: 429639