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A blog from CityRealty (Links below will take you to the 6sqft site)

Chelsea Lane, 16 West 16th Street

Between Fifth Avenue & Avenue of the Americas

Key Details

  • Year Built 1964
    Building Type Cooperative
    Neighborhood Flatiron/Union Square
  • Total Apartments 489
    Total Floors 14
    Doorman FT Doorman
    Pets Allowed
Avg. Price / ft2
N/A
Avg. Price / ft2
Avg. Price / ft2

Description

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. Pets, pied a terres, co-purchasers, and subletting are permitted with board approval.

Amenities include an interior courtyard, central laundry room, 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.

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Building Amenities

  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Full Service Garage
  • Washer/Dryer in building
  • Elevator
  • On-Site Parking
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

Apartments for Sale at 16 West 16th Street (7)

7
Available Apts
$498K - $1.8M
Price Range
$1,260
Avg. Price / ft2
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Apartments for Rent at 16 West 16th Street (1)

1
Available Apts
$2,950
Prices Start At
N/A
Avg. Price / ft2
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Rating

16
Out of 44

Architecture Rating: 16 / 44

+
23
Out of 36

Location Rating: 23 / 36

+
9
Out of 39

Features Rating: 9 / 39

=
48

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #13 Rated co-op - Flatiron/Union Square
 

Carter Horsley's Review

Carter Horsley's Building Review
"Built in 1964, this white-brick, midblock building is one of the largest in the Greenwich Village and Chelsea neighborhoods. The 14-story building has 489 apartments and was converted to a cooperative in 1984. The building's location just off Fifth Avenue makes it extremely convenient to the attractions of not only the Flatiron District, but also the Chelsea, Greenwich Village and Union Square neighborhoods. Many of the city's most attractive and trendy restaurants are within a few blocks' walk and public transportation is abundant and very convenient. In the late 1980's and the 1990's, this area became one of the city's most vibrant centers of publishing, advertising and photography." Read Carter's Full Review
Pros
  • Some balconies
  • Garage
  • Many interesting restaurants nearby
  • Doorman
  • Public transportation is very convenient
  • Convenient to the Flatiron- Chelsea- Greenwich Village and Union Square neighborhoods
  • Close to Subway
Cons
  • No health club
  • Lack of exciting views from most apartments
  • No sundeck
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Subways

  1. M
  2. 1
  3. 2
  4. 3
  5. F
  6. L
at 6th Ave and 16th 0.13 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Broadway and 16th 0.21 miles
  1. A
  2. C
  3. E
at 8th Ave and 16th 0.47 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$889,883
Avg. Price
Based on 11 Sales
 

Closing History - Last 10 sales

10
Units Sold
$600K - $1.6M
Price Range
$1,092
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 219 Available for Sale
  • $1,924 Avg. Price / Ft2
  • $3,250,356 Avg. Price
  • $2,195,000 Median Price
  1. Most Expensive 240 Park Avenue South Apt PH18 | $25,000,000
  2. Least Expensive 126 East 30th Street Apt 1B | $379,900
Not enough data available to generate chart.
  • 47 Available for Rent
  • $85 Avg. Price / Ft2
  • $10,636 Avg. Price
  • $7,750 Median Price
  1. Most Expensive 142 Fifth Avenue Apt 5FL | $36,000
    Price / ft2 $62
  2. Least Expensive The Madison Parq Apt 8G | $2,400
    Price / ft2 $72
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 231 Total Sales
  • $1,770 Avg. Price / Ft2
  • $2,629,728 Avg. Price
  • $1,877,500 Median Price
  1. Most Expensive 212 Fifth Avenue Apt 20A | $23,000,000
    Price / ft2 $5,535
  2. Least Expensive The Victoria Apt 1003 | $455,000
    Price / ft2 $958

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