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16 West 16th Street 9GSNew York, NY 10011

For Sale

$699,000

Smart Buyer Rebate $4,975

Spacious Alcove Studio in the Heart of Flatiron Welcome to residence 9GS at the Chelsea Lane, a highly sought-after full-service co-op located on West 16th Street between 5th and 6th Avenues. This generously proportioned alcove studio offers a flexible layout with a separate sleeping area, making it feel more like a one-bedroom. The home faces north, providing quiet exposure and consistent natural light throughout the day. The large living space easily accommodates both a comfortable seating area and dining setup, while the sleeping alcove creates a sense of privacy. The kitchen is efficiently designed with ample cabinet space, and the bathroom is well-appointed. Situated in the desirable Flatiron district, "The Chelsea Lane" at 16 West 16th Street provides an array of amenities including a 24-hour doorman, live-in super, on-site management, and round-the-clock maintenance staff. On the building's lower level, you'll find laundry facilities, storage, a bike room, and a garage. "The Chelsea Lane's" prime location offers unparalleled convenience. Just steps away from the Union Square Farmers Market, top-notch Flatiron district eateries, and some of NYC's best shopping, everything you need is within reach. With easy access to all major public transportation, city commuting is a breeze. Experience the quintessential city lifestyle at The Chelsea Lane, where convenience and luxury converge.

Listed by Dennis J Margulies

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Douglas Elliman Real Estate

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(212) 645-4040

Last updated October 22, 2025

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Source: REBNY #RLS20050710

Listing Facts

  • TypeCo-op
  • NeighborhoodUnion Square
  • Bathrooms1
  • Days on Prevu28
  • HOA/Maint. Fees$1,146/month

Amenities

  • Private Outdoor Space
  • Concierge

Location

Mortgage Calculator

Listing History

10/14/2025
Price Decreased
$699,000
09/24/2025
Listed by Douglas Elliman Real Estate
$749,000

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 $699,000 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 9GS

Association

Amenities

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

Fees

  • Association Fee: $1,146.00 Monthly

Financial

  • Flip Tax: 2.0%
  • Flip Tax Remarks: 2% Paid By Seller SELLER PAYS

Exterior

Construction

  • Number Of Units Total: 489
  • Stories Total: 14
  • Structure Type: High Rise
  • Year Built: 1964
  • Building Name: Chelsea Lane
  • Entry Level: 9

Features

  • Building Features: Elevator(s), Storage

Financial

Taxes

  • Parcel Number: 0817-0029-00016-000-00009GS

Interior

Measurements

  • Living Area Units: SquareFeet

Rooms

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

Other

Location

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

Parking

Parking

  • Garage: Yes

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.