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Chelsea Lane, 16 West 16th Street, #3FS

$545,000 -0.7% | Studio, 1 bath
View Full Building Profile  | 
93 days on Market

Key Details

  • Listed: Feb 13, 2024
    Last Price Change: -0.7% ($4,000) on May 8
    Days on Market: 93
    Building Type: Cooperative
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $825
Est. Monthly Mortgage: $2,954
Total Est. Monthly Carrying Cost: $3,779
Note: the above is based on a down payment of 20% ($109,000), which is the minimum amount permitted by the building.

Description

BETTER THAN RENTING!! Super low maintenance of $825/month!!!!! Pin-drop quiet designer home in the heart of downtown located on 16th Street between 5th and 6th Avenue. Welcome to The Chelsea Lane at 16th West 16th Street, a charming, renovated coop building in Prime Flatiron/Chelsea right by Union Square with remodeled lobby and hallways.

Apartment 3FS is in the South Tower overlooking a beautiful and tranquil garden with northern exposure. This renovated large studio home have been intelligently planned to maximize every square foot. The beautiful apartment welcomes you with a generous dining foyer and an expansive living room with oversized windows from wall to wall overlooking the peaceful tree filled garden.

The living space adjoins a sleeping area which accommodates a queen size bed. Updated bathroom with bathtub/shower and a remodeled kitchen features a gas stove, dishwasher, and full-size refrigerator. There is wonderful storage in this apartment including a walk-in closet and a coat/linen closet.

The generous dining area would make a comfortable office space as well for work at home. AC in wall, baseboard heating and parquet wood floors throughout. Laundry room in building. 16th West 16th Coop, also known as the Chelsea Lane, is one of the most coveted full-service cooperatives right off of Fifth Avenue in the heart of Flatiron/Chelsea.

The Chelsea Lane is home to 485 apartments, ranging from studios to three-bedroom apartments, located in two buildings which is separated by a lovely planted courtyard with access to 16th and 15th Street. Amenities includes full time doorman, live-in Superintendent, courtyard, residential lounge, and laundry room. Convenient to all transportation within a block or two: 1, 2, 3, F, M, N, R, Q, W, 4, 5, 6, & L. Walk to Union Square Park, Madison Square Park, Farmer’s market, Eataly, Trader Joes, and Whole Foods.

Best shopping at the corner on Fifth Avenue. You can’t find a better central location and well-run building. This coop allows pets with Board approval, pied-a-terre, co-purchasing, and parents buying for employed children. 80% max financing. Don’t miss out. Schedule your viewing today!

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Apartment Amenities

  • Garden
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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