Renovated Studio Income
For Sale
$550,000
16 W 16th Street 5HN, New York City, NY 10011
South-facing residence with flexible living zones, an open pass-through kitchen, and full-service cooperative amenities.
Property SizeContact for details
Days on Market56
Property Features for 16 W 16th Street 5HN
General Information
Standard status
Active
Property subtype
Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
24-hour doorman
live-in superintendent
remodeled lobby
tech-friendly laundry room
landscaped courtyard
Building Details
Year Built
1964
Listing Agency:
Compass
(917) 696-7732
Listed By:
Florence Ng
(917) 696-7732
Source:
Philipscheinfeld
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 9:35AM
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 Compass
Investment Insights
Based on property information with market context.
This renovated, south-facing studio is located in Chelsea Lane, a full-service co-op building constructed in 1964. The long, spacious layout accommodates distinct bedroom, living, and dining areas. An open pass-through kitchen includes stainless steel appliances, a dishwasher, and a breakfast bar.
Building amenities include a 24-hour doorman, live-in superintendent, remodeled lobby, tech-friendly laundry room, and landscaped viewing courtyard. The property is near multiple subway lines, Union Square Park, Trader Joe’s, Whole Foods, and a wide range of dining options.
Pied-a-terres, co-purchasing, gifting, and parents buying for working children are permitted. Pets are welcome with board approval. The sublet policy allows owners to live in the unit for 5 years and then rent for 4 years, subject to board approval. The seller pays the flip tax, and a small assessment for Local Law 11 work continues until Jan 2027.
Building amenities include a 24-hour doorman, live-in superintendent, remodeled lobby, tech-friendly laundry room, and landscaped viewing courtyard. The property is near multiple subway lines, Union Square Park, Trader Joe’s, Whole Foods, and a wide range of dining options.
Pied-a-terres, co-purchasing, gifting, and parents buying for working children are permitted. Pets are welcome with board approval. The sublet policy allows owners to live in the unit for 5 years and then rent for 4 years, subject to board approval. The seller pays the flip tax, and a small assessment for Local Law 11 work continues until Jan 2027.
Key Highlights
- Renovated south‑facing studio with flexible bedroom, living, and dining areas
- Open pass‑through kitchen with stainless steel appliances, dishwasher, and breakfast bar
- Chelsea Lane co‑op building constructed in 1964
Property Analytics
Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - South-facing residence with flexible living zones, an open pass-through kitchen, and full-service cooperative amenities.
Where is this residential income property located?
The property is located at 16 W 16th Street 5HN New York City, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Renovated south‑facing studio with flexible bedroom, living, and dining areas; Open pass‑through kitchen with stainless steel appliances, dishwasher, and breakfast bar; Chelsea Lane co‑op building constructed in 1964
