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Two-Unit Residential Income Property
For Sale
$1,349,000

16 W 16TH Street 6EFS, New York City, NY 10011

Adjacent studio residences offer a potential combined layout with two full bathrooms and interior garden views.

Property SizeContact for details
Days on Market167

Property Features for 16 W 16TH Street 6EFS

General Information

Standard status Active
Property subtype Apartment

Units

Unit Mix Alcove Studio, Studio
Multifamily Units 2

Additional Details

Public Transit Yes

Amenities

24-hour doorman
live-in super
on-site management
round-the-clock maintenance staff
laundry facilities
storage
bike room
garage

Building Details

Year Built 1964
Listing Agency: Douglas Elliman Real Estate
Listed By: Dennis J Margulies · License #30MA0715807
Source: Cbwarburg
Added: Feb 25 Changed: Aug 8 Last Checked: Aug 10 at 9:27AM

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.

This offering includes two adjacent residences, 6ES and 6FS, consisting of an alcove studio and a studio. The residences can be combined by opening the shared wall, creating a proposed two-bedroom, two-bathroom layout. Both full bathrooms are in excellent condition, including one windowed bath. Residence 6ES features a newly renovated kitchen, while both units overlook the building’s quiet interior gardens and receive natural light.

The Chelsea Lane at 16 West 16th Street was built in 1964 and provides a 24-hour doorman, live-in superintendent, on-site management, and round-the-clock maintenance staff. Building amenities include laundry facilities, storage, a bike room, and a garage. The property is near the Union Square Farmers Market, Flatiron district restaurants and shopping, with access to major public transportation.

Key Highlights

  • Two adjacent residences: 6ES alcove studio and 6FS studio
  • Potential combination into a two‑bedroom, two‑bathroom residence
  • Two full bathrooms, including one windowed bath

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

2
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
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Adjacent studio residences offer a potential combined layout with two full bathrooms and interior garden views.
Where is this residential income property located?
The property is located at 16 W 16TH Street 6EFS New York City, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Two adjacent residences: 6ES alcove studio and 6FS studio; Potential combination into a two‑bedroom, two‑bathroom residence; Two full bathrooms, including one windowed bath
More about this property
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