Opportunity lives large in this sun blasted studio in the heart of Chelsea. Bring your vision and your contractor to create a home that suits your style AND your lifestyle.
Charming casement windows invite open city views and eastern light into this home with 9 ft beamed ceilings. There is currently tremendous storage including one walk-in closet in the main living space that could be removed to add a sleep alcove. Another large closet and dressing area add nice separation between the bathroom and living space. Even the kitchen floods with natural light!
There is no downside to transforming this diamond-in-the-rough into something quite special given the location and the building.
Situated in a well-run, prewar Co-operative at 201 W 16th Street. Residents here enjoy a caring building staff including a full-time doorman and live-in Super. Amenities include an absolutely stunning planted roof deck with iconic panoramic city views, lush plantings with many sitting and lounging areas. This pet-friendly building also offers private storage, bicycle storage, Fios and central laundry.
Convenient to Chelsea Market, the High Line, art galleries, fabulous restaurants and nightlife, shopping, marketing and all major transportation. It really doesn’t get better than this.
Listed by Kelly Cole
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Compass
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(917) 575-8375
Listed by Paul Cole
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Compass
Last updated October 20, 2025
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Source: REBNY #RLS20043817
Listing Facts
TypeCo-op
NeighborhoodChelsea
Bathrooms1
Days on Prevu63
HOA/Maint. Fees$1,461/month
Amenities
Pets Allowed
Concierge
Location
Mortgage Calculator
Listing History
10/19/2025
Price Decreased
$475,000
08/21/2025
Listed by Compass
$499,000
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 $475,000 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 201 West 16th Street 7C
Association
Amenities
Pets Allowed: Building Yes
Concierge: Doorman Full Time
Fees
Association Fee: $1,461.00 Monthly
Financial
Flip Tax Remarks: $15.00 Per Share. Payable By Seller
Exterior
Construction
Number Of Units Total: 114
Stories Total: 19
Structure Type: Multi Family
Year Built: 1930
Entry Level: 7
Features
Building Features: Elevator(s)
View: City
Measurements
Lot Size Dimensions: 79
Lot Size Units: SquareFeet
Financial
Taxes
Parcel Number: 0766-0039-00201-000-000007C
Interior
Features
Flooring: Hardwood
Interior Features: High Ceilings, Walk-In Closet(s)
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.