---
title: "16 West 16th Street #5NS, New York City, NY 10011"
description: "16 West 16th Street #5NS, New York City, NY 10011 — Flatiron, New York City, NY. Listing Price $639,000. In contract 5/29/2026. 1 bed, 1 bath, 575 sqft Illustrative Buyer Commission Share of $9,585 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-ns-5NS-ny-10011"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 16 West 16th Street #5NS, New York City, NY 10011

Flatiron, New York City, NY

Courtesy of Brown Harris Stevens Residential Sales LLC

## At a Glance

- **Listing Price**: $639,000
- **Status**: In contract 5/29/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 575
- **Common Charges**: $1,143 / mo
- **Price per Sqft**: $1,111
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $639,000
- **Illustrative Buyer Commission Share**: -$9,585*
- **Illustrative Net Cost**: $629,415

*Illustrative Buyer Savings of $9,585 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![16 West 16th Street #5NS, New York City, NY 10011 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3c3d6694-fc37-4446-b6b0-789c6ed5db5f.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/29807a0d-1bbe-4dca-b32a-f96eace93530.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a7ac86e8-00d7-469c-8a34-debded68f837.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2075c341-c98f-4241-aa1b-0da8ec1b3ee4.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d873be0e-2a45-4bae-9226-0e538e309e5f.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bac89c10-a1fa-4adf-9ce3-142add2e67fb.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6e548faf-9746-4263-ac2d-b11361829f56.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d59d95d9-e6f6-4f13-adf2-9fe65d469d0a.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1583a09b-8454-4422-9ddb-084cbfbdbb8c.jpg)
![16 West 16th Street #5NS, New York City, NY 10011 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/54871383-47e0-438e-9193-ed559c03d574.jpg)

## Property Overview

Situated just off Fifth Avenue and down the street from Union Square, this Junior 1 bedroom with a low maintenance is located in The Chelsea Lane, a premier full service coop.

 Converted from an alcove studio, the apartment has a sliding door allowing for a separate bedroom while still allowing for an open feel. The well-proportioned home features an entry area/living room measuring approximately 31 feet long. The spacious living room has a perfect spot for a dining table, 3 large closets a generous sized galley kitchen and newly refinished wood floors. In addition, the bathroom has a window, not commonly found in the building.

 Amenities in The Chelsea Lane include a 24 hour doorman, live-in super, full staff, bike storage (fee) and an on-site managing agent. The pet-friendly coop permits up to 80% financing and pied-a-terre and parents buying for working children is permitted with board approval. Substantial recent upgrades include new lobby, hallways, elevators, roof and parapet replacement. Dream location at the crossroads of Chelsea/Flatiron and Union Square with Madison Square Park in close proximity. All major subway lines are nearby and Greenwich Village is just 2 blocks away.
 There is a $299.83 monthly assessment thru 2/27.

## Property Details

- **Property Type**: Co-op
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 575 sqft
- **Stories**: 14
- **Year Built**: 1964
- **Price per Sqft**: $1,111
- **Common Charges**: $1,143 / Monthly
- **Listed On**: Mar 18, 2026
- **Days on Market**: 183 Days

### Residence Features

- Wall Unit(s)
- Building Other
- Building Courtyard

## Estimated Monthly Payment

**$4,374 / month**, assuming a 20% down payment ($127,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,231
- **Common Charges**: $1,143

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

102 apartments at Chelsea Lane have recorded sales since September 2021, the most recent for $623,500 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [9GS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-gs-9GS-ny-10011) (Apartment) | Studio | — | $623,500 | — | August 18, 2026 | MLS |
| [2SS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-2ss-ny-10011) (Apartment) | 1 | — | $749,000 | — | August 17, 2026 | MLS |
| [11KS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-ks-11KS-ny-10011) (Apartment) | Studio | — | $515,000 | — | August 14, 2026 | MLS |
| 7RN (Apartment) | 1 | — | $700,000 | — | June 9, 2026 | City record · MLS |
| 14D/E (Apartment) | — | — | $2,100,000 | — | June 8, 2026 | City record |
| 14BS (Apartment) | Studio | — | $705,000 | — | November 10, 2025 | City record · MLS |
| 1DS (Apartment) | 2 | 1,100 | $1,690,000 | $1,536/ft² | November 4, 2025 | City record · MLS |
| 12VN (Apartment) | 1 | 586 | $700,000 | $1,195/ft² | September 26, 2025 | City record · MLS |
| 3RN (Apartment) | 1 | — | $822,000 | — | September 25, 2025 | City record · MLS |
| 8LS (Apartment) | Studio | — | $698,000 | — | August 11, 2025 | City record · MLS |
| 10LS (Apartment) | 1 | 600 | $717,500 | $1,196/ft² | June 11, 2025 | City record · MLS |
| 8DN (Apartment) | 1 | — | $1,375,000 | — | June 9, 2025 | City record · MLS |
| 3SS (Apartment) | 1 | — | $685,000 | — | May 15, 2025 | City record · MLS |
| 2PN (Apartment) | 1 | — | $687,000 | — | April 2, 2025 | City record · MLS |
| 14DN (Apartment) | Studio | — | $495,000 | — | March 26, 2025 | City record · MLS |
| 4FS (Apartment) | Studio | — | $494,000 | — | March 21, 2025 | City record · MLS |
| 4PN (Apartment) | Studio | — | $765,000 | — | March 11, 2025 | City record · MLS |
| 6JN (Apartment) | 1 | — | $937,500 | — | February 19, 2025 | City record · MLS |
| 8TN (Apartment) | 1 | — | $1,400,000 | — | January 16, 2025 | City record · MLS |
| 5BS (Apartment) | Studio | — | $650,000 | — | January 15, 2025 | City record · MLS |
| 12RS (Apartment) | 1 | — | $910,000 | — | November 13, 2024 | City record · MLS |
| 14CS (Apartment) | 2 | — | $1,850,000 | — | November 8, 2024 | City record · MLS |
| 1FN (Apartment) | Studio | — | $740,000 | — | October 29, 2024 | City record · MLS |
| 3FS (Apartment) | Studio | — | $519,000 | — | October 4, 2024 | City record · MLS |
| 2LN (Apartment) | 1 | — | $855,000 | — | September 5, 2024 | MLS |
| 8HN (Apartment) | Studio | — | $445,000 | — | August 26, 2024 | City record · MLS |
| 7GS (Apartment) | Studio | — | $678,500 | — | August 20, 2024 | City record · MLS |
| 9HS (Apartment) | 1 | — | $884,000 | — | August 13, 2024 | City record · MLS |
| 12FS (Apartment) | 1 | 600 | $717,500 | $1,196/ft² | August 5, 2024 | City record · MLS |
| 2GN (Apartment) | Studio | 575 | $690,000 | $1,200/ft² | August 5, 2024 | City record · MLS |
| 11BS (Apartment) | 1 | — | $735,000 | — | July 30, 2024 | City record · MLS |
| 11HS (Apartment) | 1 | — | $960,000 | — | July 24, 2024 | City record · MLS |
| 7RS (Apartment) | 2 | — | $1,420,000 | — | July 16, 2024 | City record · MLS |
| 2AN (Apartment) | 1 | — | $845,000 | — | July 10, 2024 | City record · MLS |
| 3HS (Apartment) | 1 | — | $849,000 | — | June 12, 2024 | City record · MLS |
| 3WN (Apartment) | 1 | — | $795,000 | — | June 11, 2024 | City record · MLS |
| 5GN (Apartment) | Studio | — | $699,000 | — | June 10, 2024 | City record · MLS |
| 2EN (Apartment) | 2 | 1,400 | $1,625,000 | $1,161/ft² | June 6, 2024 | City record · MLS |
| 16SN (Apartment) | — | — | $1,999,990 | — | May 14, 2024 | City record |
| 8MN (Apartment) | 1 | — | $875,000 | — | April 10, 2024 | City record · MLS |

Showing the 40 most recent of 102 recorded sales in this period.

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $639,000
- **Median sold price**: $825,000
- **Difference**: -$186,000 (-22.5%)
- **This home, $/ft²**: $1,111
- **Comparable sales**: 48
- **Sales from**: September 2021 – June 2026
- **Middle half of those sales**: $723,125 – $914,000

Based on one-bedroom sales at Chelsea Lane.

Square footage is recorded for only 8 of these 48 sales (17%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

### How these sales were negotiated

- **Sale-to-list price**: 97.5% (40 sales)
- **Sold below asking**: 73% (40 sales)
- **Typical time to find a buyer**: 59 days (42 sales)
- **Typical time to close**: 94 days (44 sales)

Based on one-bedroom sales at Chelsea Lane with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median sale price, co-op one-bedroom sales in Flatiron

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $960,000 | 30 |
| 2018 | $840,000 | 25 |
| 2019 | $850,000 | 33 |
| 2020 | $870,000 | 16 |
| 2021 | $852,408 | 46 |
| 2022 | $897,500 | 46 |
| 2023 | $920,500 | 34 |
| 2024 | $817,500 | 26 |
| 2025 | $937,500 | 29 |
| 2026 YTD | $834,500 | 10 |

Based on recorded co-op one-bedroom sales in Flatiron. 2026 is year-to-date.

Sales data through August 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at Chelsea Lane](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-lane)

## Price and Property History for 16 West 16TH Street, Unit 5NS

Review the recorded listing activity for 16 West 16TH Street, Unit 5NS, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $26,000, or 3.9%, on April 25, 2026
- **Originally listed**: March 18, 2026 at $665,000
- **Entered contract**: May 29, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| May 29, 2026 | $639,000 | Entered contract |
| April 25, 2026 | $639,000 | Asking price reduced by $26,000, or 3.9% |
| March 18, 2026 | $665,000 | Listed for sale by Brown Harris Stevens Residential Sales LLC |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 481 apartments. The corporation’s 2026 property tax bill was $5,260,572 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit.

[See the full property tax history for Chelsea Lane](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-lane)

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### Chelsea Lane

Flatiron · Stock Cooperative

16 West 16th Street, New York, NY 10011

A building in Flatiron, currently featuring 7 active listings.

- **Year Built**: 1964
- **Active Units**: 7
- **Floors**: 14

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-lane)

### Available Residences — For Sale (19)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [6FN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-fn-6FN-ny-10011) | Studio | 1 | 600 sqft | $1,248 | $749,000 (-6.3%) | Compass | Mar 7, 2026 | 194 days |
| [2AS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-as-2AS-ny-10011) | 1 | 1 | — | — | $799,000 (-5.9%) | Douglas Elliman Real Estate | Mar 23, 2026 | 178 days |
| [11JN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-jn-11JN-ny-10011) | 1 | 1 | — | — | $985,000 | Jade Stone Real Estate Consulting Inc | May 1, 2026 | 139 days |
| [12KN](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10011/16-west-16th-street-kn-12KN-ny-10011) | 1 | 1 | — | — | $1,025,000 (-6.8%) | Compass | Jun 4, 2026 | 105 days |
| [1UN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-un-1UN-ny-10011) | 1 | 1 | — | — | $649,000 | Douglas Elliman Real Estate | Jul 7, 2026 | 72 days |
| [7RS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-7rs-ny-10011) | 2 | 1 | — | — | $1,395,000 (-5.4%) | Corcoran Group | Sep 8, 2026 | 9 days |
| [12KS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-12ks-ny-10011) | 1 | 1 | — | — | $749,000 | Douglas Elliman Real Estate | Sep 15, 2026 | 2 days |
| [5NS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-ns-5NS-ny-10011) | 1 | 1 | 575 sqft | $1,111 | $639,000 (-3.9%) — In contract | Brown Harris Stevens Residential Sales LLC | Mar 18, 2026 | 183 days |
| [10FS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-fs-10FS-ny-10011) | Studio | 1 | — | — | $440,000 (-4.3%) — In contract | Compass | Apr 15, 2026 | 155 days |
| [2TS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-2ts-ny-10011) | 1 | 1 | — | — | $899,000 (-5.3%) — In contract | Douglas Elliman Real Estate | Mar 3, 2026 | 198 days |
| [4LN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-ln-4LN-ny-10011) | 1 | 1 | 725 sqft | $1,276 | $925,000 (-3.5%) — In contract | Douglas Elliman Real Estate | Mar 10, 2026 | 191 days |
| [11NS](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10011/16-west-16th-street-ns-11NS-ny-10011) | Studio | 1 | — | — | $659,000 (-1.5%) — In contract | Yoreevo LLC | Oct 17, 2025 | 335 days |
| [14GS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-14gs-ny-10011) | 1 | 1 | — | — | $899,000 — In contract | Douglas Elliman Real Estate | Apr 7, 2026 | 163 days |
| [6ES](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-es-6ES-ny-10011) | 1 | 1 | — | — | $749,000 — In contract | Douglas Elliman Real Estate | Jun 5, 2026 | 104 days |
| [5HN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-hn-5HN-ny-10011) | Studio | 1 | — | — | $550,000 — In contract | Compass | Jun 17, 2026 | 92 days |
| [12NN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-nn-12NN-ny-10011) | Studio | 1 | 420 sqft | $1,426 | $599,000 — In contract | Serhant | Jun 19, 2026 | 90 days |
| [14MN](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-14mn-ny-10011) | 1 | 1 | 745 sqft | $1,072 | $799,000 — In contract | Brown Harris Stevens Residential Sales LLC | Jul 22, 2026 | 57 days |
| [5CS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-5cs-ny-10011) | 1 | 1 | — | — | $925,000 — In contract | Douglas Elliman Real Estate | Jul 27, 2026 | 52 days |
| [7JKS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-7jks-ny-10011) | 2 | 2 | — | — | $950,000 — In contract | Douglas Elliman Real Estate | Aug 18, 2026 | 30 days |

### Recently Sold (3)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [9GS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-gs-9GS-ny-10011) | Studio | 1 | — | — | $623,500 | Douglas Elliman Real Estate | Sep 24, 2025 | Aug 18, 2026 |
| [2SS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-2ss-ny-10011) | 1 | 1 | — | — | $749,000 | Douglas Elliman Real Estate | Apr 7, 2026 | Aug 17, 2026 |
| [11KS](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/16-west-16th-street-ks-11KS-ny-10011) | Studio | 1 | — | — | $515,000 | Douglas Elliman Real Estate | Apr 7, 2026 | Aug 14, 2026 |

## Flatiron

Overview of Flatiron

[Explore Flatiron](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Flatiron

- [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy)
- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
- [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)
- [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village)
- [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill)
- [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town)

## Related Links

- [Chelsea Lane — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-lane)
- [Flatiron neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.