Building Details

Year Built 1964

Units 489

Listing Agency: d***@compass.com Show Phone

Listed By: Dor Sagi Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Aug 10 Last Checked: Aug 12 at 6:31AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dor Sagi

Investment Insights

Based on property information with market context.

Apartment 10FS at The Chelsea Lane is an oversized studio overlooking a lush courtyard in the Flatiron/Chelsea area, just off Fifth Avenue and one block from Union Square. This north-facing home has been freshly painted and is move-in ready. The layout is functional with closet space, and can accommodate sleeping, entertaining, and dining furniture. The kitchen wall can be opened up to add a breakfast bar. The Chelsea Lane is a full-service co-op featuring a 24-hour doorman, live-in superintendent, remodeled lobby, tech-friendly laundry room, and a landscaped viewing-courtyard. Pied-a-terres, co-purchasing, gifting, and parents buying for children are allowed, and pets are welcome upon board approval. The property is located near multiple subway lines, Union Square Park, Trader Joes, Whole Foods, and dining options.

Key Highlights

• Prime Flatiron/Chelsea location near Union Square, Fifth Avenue, and multiple subway lines.
• Full‑service co‑op with 24‑hour doorman and live‑in superintendent.
• Oversized, move‑in ready studio apartment overlooking a lush courtyard.**

Property Analytics

Property Profile

Current Use

Magazine Perfect You, ... Photography Service Cohrssen A. Medical Clinic Dr. Francesco Leanza, ... Pediatrician Calman Neil S ... Pediatrician Dr German H ... Pediatrician

Suggested Use

Top Pick Nursing Home Auto Parts Store Auto Repair Shop Buffet Adult Day Care Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51,396

Businesses Nearby

Explore this area Business Placement

Demographics for 10011, NY

53,318

Population

35,049

Households

1.5

Avg Household Size

39

Median Age

79%

College-Educated

96%

High-School Grad

0.6 sq mi

ZIP Area

88,863

Density / Sq Mi

$146,571

Median Household Income

$113,503

Median Earnings

$2,868

Median Rent

$1,165,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Quiet, move-in ready studio in prime Flatiron/Chelsea location.

Where is this apartment building located?

The property is located at 16 W 16th St 10FS New York, NY.

What is the asking price?

The asking price for this property is $440,000.

What are key features of this property?

This property features: Prime Flatiron/Chelsea location near Union Square, Fifth Avenue, and multiple subway lines.; Full‑service co‑op with 24‑hour doorman and live‑in superintendent.; Oversized, move‑in ready studio apartment overlooking a lush courtyard.**