Chelsea Lane, 16 West 16th Street - Flatiron/Union Square
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Chelsea Lane is a 14-story, 489-unit postwar cooperative located at 16 West 16th Street and designed by Philip Birnbaum, the prolific architect behind One Lincoln Plaza. Select residences enjoy private terraces/balconies, and all residents have access to the services of a 24-hour doorman, live-in superintendent, and full-time maintenance staff.
Amenities include a newly renovated lobby, an interior courtyard, a central laundry room with app service, on-site garage, bike room, and storage. The building's location at the crossroads of Chelsea, Union Square, and the Flatiron District puts it within easy access to New York's best shopping, restaurants, nightlife, services, and transportation.
Chelsea Lane allows pets, pied-a-terres, guarantors, and parents buying for children. Subletting is allowed, but residents must own for two years before they can sublease for up to a total of five years.
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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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