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16 West 16th Street 10FSNew York, NY 10011

For Sale

$499,000

Smart Buyer Rebate - Ask

Welcome to Apartment 10FS at The Chelsea Lane—a pin-drop quiet, oversized studio overlooking a lush courtyard in the heart of Flatiron/Chelsea, just off Fifth Avenue and one block from Union Square.

Freshly painted and move-in ready, the north-facing home is extremely functional and has plenty of closet space, and a long layout that can accomodate your sleeping, entertaining, and dining furniture. The kitchen wall can easily be opened up if you wanted to add 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 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.

Listed by Florence Ng

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License #10301208657

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Compass

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(917) 696-7732

Listed by Dor Sagi

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License #10401337171

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Compass

Last updated September 05, 2025

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Source: REBNY #RLS11026697

Listing Facts

  • TypeCo-op
  • NeighborhoodUnion Square
  • Bathrooms1
  • Days on Prevu248
  • HOA/Maint. Fees$1,170/month

Amenities

  • Pets Allowed
  • Concierge
  • Parking

Location

Mortgage Calculator

Listing History

07/15/2025
Price Decreased
$499,000
06/08/2025
Price Decreased
$505,000
04/10/2025
Price Decreased
$515,000
01/17/2025
Status changed to Active
$525,000
01/16/2025
Status changed to Removed from Feed
$525,000
01/02/2025
Listed by Compass
$525,000

Estimated Closing Costs

Total
$9,500
Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $499,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 16 West 16th Street 10FS

Association

Amenities

  • Pets Allowed: Building Yes
  • Concierge: Doorman Full Time

Fees

  • Association Fee: $1,170.00 Monthly

Financial

  • Flip Tax: 1.0%
  • Flip Tax Remarks: 1%. Payable By Seller

Compensation

Commissions

  • Buyer Agency Compensation: 2.5Percent

Exterior

Construction

  • Number Of Units Total: 489
  • Property Condition: Good Condition
  • Stories Total: 14
  • Structure Type: Multi Family
  • Year Built: 1964
  • Entry Level: 10

Measurements

  • Lot Size Dimensions: 238
  • Lot Size Units: SquareFeet

Interior

Features

  • Flooring: Hardwood

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 3

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Flatiron
  • Tax Block: 00817
  • Tax Lot: 0029

Parking

Parking

  • Garage: Yes
  • Parking Features: Garage

Utilities

Equipment

  • Laundry Features: Common Area

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.