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.
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.