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16 West 16th Street 7RNNew York, NY 10011

For Sale

$720,000

Smart Buyer Rebate $5,500

Spacious, Sunlit Jr One-Bedroom in Prime Chelsea Location Welcome to Apartment 7RN, a generously proportioned Junior one-bedroom now available at the desirable Chelsea Lane cooperative. This south-facing, sun-drenched apartment offers serene courtyard views and a layout that balances open living with thoughtful privacy. The expansive living area is complemented by a separate sleeping alcove featuring a sliding wall-ideal for customizing your space to be either open and airy or tucked away for solitude. The open kitchen boasts granite countertops, oak cabinets, stainless steel appliances, and a full-size refrigerator with a convenient bottom-drawer freezer. The windowed bathroom includes a pedestal sink, sliding glass shower doors, and natural ventilation. Additional features include hardwood floors throughout and abundant closet space. Building Amenities: 24-hour doormen and exceptional building staff Low maintenance Onsite super and resident manager Smart laundry facilities powered by My Magic Pass that allows selecting and monitoring your machines from your phone Elevator building Laundry in basement (W/D not allowed in unit) Parking garage Outstanding Location: Just blocks from Union Square and its renowned Greenmarket, this apartment is perfectly positioned near Trader Joe's, Whole Foods, top-tier restaurants, cafes, and retail. Excellent Transportation Options: Easily accessible to subway lines 4, 5, 6, N, R, Q, L, W, F, V, 1, 2, and 3, making commutes and city exploration seamless. Citibikes are available on the corner of 16th and Fifth Ave. Important Details: This is a co-op sale up tp 80% financing allowed Pets allowed Guarantors allowed Gifting allowed Parents buying allowed Pied-a-Terres allowed Full board package application required Sublease: Shareholder must live in unit for a total of 5 years before they can sublease. Sublease total is for 4 years. Shown with 24 hours notice. Shown by appointment only Don't miss this opportunity to own a bright, flexible, and well-located home in one of Flatiron's most respected full-service buildings.

Listed by Alan H Levy

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License #40LE1154197

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Coldwell Banker Warburg

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(917) 742-6743

Listed by Mary L Hall-Mayer

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License #40MA1022021

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Coldwell Banker Warburg

Last updated August 29, 2025

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Source: REBNY #RLS20030576

Listing Facts

  • TypeCo-op
  • NeighborhoodUnion Square
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu88
  • HOA/Maint. Fees$1,128/month

Amenities

  • Private Outdoor Space
  • Concierge

Location

Mortgage Calculator

Listing History

06/12/2025
Listed by Coldwell Banker Warburg
$720,000

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 $720,000 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 7RN

Association

Amenities

  • Pets Allowed: Building Yes, No
  • Concierge: Doorman Full Time

Fees

  • Association Fee: $1,128.00 Monthly

Financial

  • Flip Tax: 2.0%
  • Flip Tax Remarks: Paid By Seller

Compensation

Commissions

  • Buyer Agency Compensation: 2.5Percent

Exterior

Construction

  • Number Of Units Total: 489
  • Property Condition: Excellent
  • Stories Total: 14
  • Structure Type: High Rise
  • Year Built: 1964
  • Building Name: Chelsea Lane
  • Entry Level: 7

Features

  • Building Features: Elevator(s), Storage

Interior

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Has Basement: Yes
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Rooms Total: 2

Other

Location

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

Utilities

Equipment

  • Cooling: Wall Unit(s)
  • Has Cooling: Yes

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.