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Renovated Residential Income Property
For Sale
$649,000

16 W 16TH Street 1UN, New York City, NY 10011

Alcove studio with updated finishes, an open kitchen, and full-service building amenities near Union Square.

Property SizeContact for details
Days on Market65

Property Features for 16 W 16TH Street 1UN

General Information

Standard status Active
Property subtype Apartment

Additional Details

Public Transit Yes
Multifamily Units 1

Amenities

24 hour doorman
live-in super
on-site managing agent
handymen & porters
laundry
landscaping

Building Details

Year Built 1964
Listing Agency: Douglas Elliman Real Estate
Listed By: Dennis J Margulies · License #30MA0715807
Source: Miradorrealestate
Added: Jul 7 Changed: Sep 8 Last Checked: Sep 8 at 12:18PM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

Renovated residential income property configured as a spacious alcove studio or junior one-bedroom residence. The home features 9' ceilings, a combined living and dining area, an open kitchen with granite countertops, and a sleeping alcove enclosed by French doors. New wood flooring and crown molding extend throughout, while views address West 16th Street and the landscaped grounds.

The 1964 building provides a staffed lobby, 24 hour doorman service, live-in superintendent, on-site management, and round-the-clock coverage from handymen and porters. Laundry facilities are located on the lower level. The property is positioned near the Union Square Farmers Market, lower Fifth Avenue, Flatiron restaurants, shopping, and major Manhattan public transportation.

Key Highlights

  • Renovated alcove studio or junior one‑bedroom layout
  • 9' ceilings with views of West 16th Street and landscaped grounds
  • Open kitchen with granite countertops

Property Analytics

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.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

51,396
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Residential income property - Alcove studio with updated finishes, an open kitchen, and full-service building amenities near Union Square.
Where is this residential income property located?
The property is located at 16 W 16TH Street 1UN New York City, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Renovated alcove studio or junior one‑bedroom layout; 9' ceilings with views of West 16th Street and landscaped grounds; Open kitchen with granite countertops
More about this property
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