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

$865,000 -5.5% | 1 bed, 1 bath
View Full Building Profile  | 
68 days on Market

Key Details

  • Listed: Mar 1, 2024
    Last Price Change: -2.8% ($25,000) on May 1
    Days on Market: 68
    Building Type: Cooperative
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $1,232
Est. Monthly Mortgage: $4,744
Total Est. Monthly Carrying Cost: $5,976
Note: the above is based on a down payment of 20% ($173,000), which is the minimum amount permitted by the building.

Description

*All Showings Require an Appointment* Peaceful Oasis in the Heart of the City. Just a few steps away from 5th avenue and the bustling city center of Union Square, welcome home to your massive, pin-drop quiet, one bedroom sanctuary. Right outside your windows, enjoy green lush views facing the building’s tranquil landscaped courtyard!

Upon entering the home, you see a sprawling oversized living area that comes complete with entry foyer, home office, dining area, and big living room. The kitchen is a chef’s dream with ample space to move around, best-in-class stainless steel appliances, stone counters, glass tiled walls, custom cabinetry, and hardwood floors. The primary bedroom can easily accommodate a King-sized bed and has a walk-in closet that must be seen to be believed.

The bathroom features custom tiles and a marble sink with a glass-enclosed bathtub. 16 West 16th Street, known as "The Chelsea Lane," is a full-service building, providing residents with amenities such as a 24-hour doorman, live-in super, on-site management and maintenance staff, a parking garage, laundry facilities, a storage room, and bike storage. Join one of the city’s most desired cooperative buildings!

Well run and well managed, you’ll benefit from low maintenance charges, excellent financials, and a strong reserve fund. You’ll enjoy the beautiful brand new hallways and immaculate lobby. Pets are allowed with board approval. Pied-a-terre, co-purchasing, and parents buying for employed children allowed.

20% down required for financing. Prime location with Union Square Farmers Market, Trader Joe’s, Whole Foods, Flatiron’s world class shopping, and some of the best restaurants the city has to offer, all within a few blocks. Along with easy access to major transportation hubs, with nearby subway and train options 4/5/6, N/R/Q/W, L, F/M 1/2/3, and PATH trains as well as Citibike around the corner! 2LN is the dream one bedroom you’ve been waiting for. Can show with 24HR notice.

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Listing courtesy of Compass

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

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