161 West 16th Street - Chelsea
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161 West 16th Street is a historic 19-story cooperative building erected in 1930 in Chelsea. Designed by Farrar & Watmough, the architects behind London Terrace Towers, it was built by developer Henry Mandel as part of his ambitious 'Chelsea Corners' project, which comprised four similar buildings. The light-orange brick building features a distinctive limestone base and decorative bandcourses, exemplifying pre-war architectural detail.
The building contains 155 apartments and was notably home to Barney's flagship store in its lower floors during the 1980s. Its Art Deco lobby has been meticulously restored, maintaining the building's historic character while offering modern amenities including 24-hour door staff, a live-in superintendent, and a landscaped roof deck with panoramic city views.
Located at the intersection of several vibrant neighborhoods including Chelsea, Greenwich Village, and Union Square, the building sits in a prime location with easy access to multiple subway lines. The cooperative is pet-friendly and allows pied-à-terres, with guarantors and co-purchasing considered case by case.
The building represents an important piece of New York City's architectural history, being part of Henry Mandel's vision for creating efficient housing for white-collar workers near their workplaces. Despite Mandel's eventual bankruptcy in 1932, the building has endured as one of Chelsea's distinguished pre-war residences.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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