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Chelsea Lane, 16 West 16th Street, #2GN

$699,000 ($1,216 per ft2) -2.8% | Studio, 1 bath | Approx. 575 ft2
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84 days on Market

Key Details

  • Listed: Jan 30, 2024
    Last Price Change: -2.8% ($20,000) on Feb 7
    Days on Market: 84
    Building Type: Cooperative
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
    Listing viewed 276 times
Monthly Maintenance: $1,041 ($1.81/ft2)
Est. Monthly Mortgage: $3,853
Total Est. Monthly Carrying Cost: $4,894 ($8.51/ft2)
Note: the above is based on a down payment of 20% ($139,800), which is the minimum amount permitted by the building.

Description

What sets this unit apart is its flexibility: it’s an L-shape Studio, the same size as the Junior one-bedroom unit in the building. You have the option to customize it to your liking with either an electronic Murphy bed for added space-saving convenience or the possibility to add a wall, creating a more defined bedroom area. This surprisingly spacious garden-facing Alcove Studio offers a tranquil respite from the bustle of the city. The unit was refreshed with a new coat of paint, refinished wood flooring, and new lighting.

The living space showcases picture windows and a pin-drop quiet interior. The unit offers a modern bathroom and a separate full-sized kitchen ready for move-in. The building recently renovated the lobby and hallways, which have provided a sleek and contemporary atmosphere welcoming you and your guests home. Additionally, the 16 West 16th Street "The Chelsea Lane" coop elevator building offers 24-hour doorperson security, a live-in super, and an on-site management agent.

The building is connected to a garage with an onsite laundry room and building/bike storage. Shareholders/purchasers are allowed pets, guarantors, and pieds-à-terre, and parents purchasing for employed children only. Subletting is allowed after five years of residency in the apartment (aggregate of no more than four years).

Full financial disclosure and board approval are required. The building is located in the vibrant Flatiron District, bounded by Chelsea to the West, Union Square and Gramercy to the East, the Village to the South, and NoMad to the North. The incredible location puts you near Union Square Greenmarket, many great restaurants, Trader Joe’s, Whole Foods, and other shopping options. Commuting is a breeze with multiple transportation options, including the 4, 5, 6, N, R, Q, L, W, F, 1, and 3 trains. Don’t miss out on this incredible opportunity.

This low-monthly, versatile Alcove Studio is a must-see and will not last long! CALL TODAY FOR AN APPOINTMENT. ***

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Listing Agent (Seller's Representative)

Listing courtesy of Coldwell Banker Warburg

Pricing History

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About Chelsea Lane, 16 West 16th Street

48

Chelsea Lane, 16 West 16th Street has received a CityRealty Rating of 48, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

16
Out of 44
+
23
Out of 36
+
9
Out of 39
=
48
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Average Mix 2 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
More than 15 0 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

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

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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

Other Apartments Available in this Building (14)

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