---
title: "16 West 16th Street #5HN, New York, NY 10011"
description: "16 West 16th Street #5HN, New York, NY 10011 — NYC real estate listing on Real Estate Rebate Team. Priced at $550,000. Est. potential buyer savings up to $13,750 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-hn-5HN-ny-10011"
source: "Real Estate Rebate Team"
---

# 16 West 16th Street #5HN, New York, NY 10011

> **Listing Courtesy of:** Compass

## Description

Renovated sunny south-facing studio in a full service building in prime Flatiron/Union Square location now available for sale. 

This long and spacious studio easily has space for a bedroom area, living area and dining. The open and pass-through kitchen features stainless steel appliances including a dishwasher and a breakfast bar.

The Chelsea Lane is a coveted full-service co-op featuring a 24-hour doorman, live-in superintendent, remodeled lobby, tech-friendly laundry room, and a beautifully landscaped viewing-courtyard.

Pied-à-terres, co-purchasing, gifting, and parents buying for working children are allowed, and pets are welcome upon board approval. Located near multiple subway lines, Union Square Park, Trader Joe’s, Whole Foods, and countless dining options, it offers unmatched convenience for an unbeatable downtown lifestyle. Sublet policy is live 5 years and then rent for 4 years, board approval required. Flip tax is paid by seller. Small assessment until Jan 2027 for Local Law 11 work.

## Property Details

- **Price**: $550,000
- **Potential Buyer Rebate**: $13,750
- **Bedrooms**: 0
- **Bathrooms**: 1
- **Property Type**: Residential
- **Year Built**: 1964
- **Building**: Chelsea Lane
- **Neighbourhood**: Flatiron
- **Area / Borough**: Manhattan
- **Subdivision**: Flatiron
- **Listing Office**: Compass
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$13,750** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/chelsea-lane)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/flatiron)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.