--- title: "17 East 16th Street #12 A&B, New York City, NY 10011" description: "17 East 16th Street #12 A&B, New York City, NY 10011 — Flatiron, New York City, NY. Listing Price $5,000,000. Price Reduced: Reduced $300,000 (5.7%) from $5,300,000 on August 10, 2026. 3 bed, 2 bath Illustrative Buyer Commission Share of $75,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/17-east-16th-street-12ab-ny-10011" source: "Real Estate Rebate Team" status: "Active" --- # 17 East 16th Street #12 A&B, New York City, NY 10011 Flatiron, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $5,000,000 - **Price Reduced**: Reduced $300,000 (5.7%) from $5,300,000 on August 10, 2026 - **Beds**: 3 - **Baths**: 2 - **Common Charges**: $11,320 / mo - **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**: $5,000,000 - **Illustrative Buyer Commission Share**: -$75,000* - **Illustrative Net Cost**: $4,925,000 *Illustrative Buyer Savings of $75,000 — 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 (5) ![17 East 16th Street #12 A&B, New York City, NY 10011 — photo 1 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7d0ce417-e1e6-4033-8893-67c8463bfe3b.jpg) ![17 East 16th Street #12 A&B, New York City, NY 10011 — photo 2 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bab926be-f05b-4efc-8a07-afef7baaf6a0.jpg) ![17 East 16th Street #12 A&B, New York City, NY 10011 — photo 3 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6f2bfa0b-e9e1-4f58-a12c-9a3d5f66d51a.jpg) ![17 East 16th Street #12 A&B, New York City, NY 10011 — photo 4 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cf9e1db8-1ba2-458b-b8b7-9b831ad1ca84.jpg) ![17 East 16th Street #12 A&B, New York City, NY 10011 — photo 5 of 5](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/62c55c02-2ff0-486c-83cf-dc5a64ed2bf7.png) ## Property Overview Rare Loft Opportunity | Union Square Full-Floor Penthouse w/ Private Roof Decks | Landmarked Building | $5,850,000 An extraordinary opportunity awaits in the heart of Union Square— the full floor Penthouse of a landmarked building, featuring a sprawling Penthouse loft and your own double private outdoor roof decks. Currently half the floor operates as a home and the other half operates as a daycare center. This full floor Penthouse is a blank canvas offering immense potential to create a truly bespoke New York City residence, limited only by your imagination. With 23 oversized windows and 8 skylights, this rare Penthouse flourishes with natural light flooding the entire space throughout the day, while soaring ceilings enhance the sense of openness and scale. Whether you envision a sleek modern loft, a cozy industrial-chic haven, artist studio or family space to truly call home this is your chance to bring your dream home to life. Presently: Seller has hired an architect and received approved plans by DOB to convert the entire floor to residential status. The buyer will be responsible for obtaining the certificate of occupancy in order to convert the commercial space to residential for the entire floor. Buyers are strongly encouraged to bring a contractor and/or architect to fully grasp the incredible transformation possibilities. Building Highlights: -Landmark building with character and history -Pets allowed with Board approval -In-unit washer/dryer permitted -Pied-à-terre and secondary residence allowed (Board approval required) -Subletting allowed (Board approval required) -Guarantors and co-purchasing permitted (select conditions apply) With Union Square just outside your door, enjoy unparalleled access to world-class dining, shopping, cultural venues, multiple subway lines, and the iconic Greenmarket. Opportunities like this rarely arise — a true New York original in one of the city’s most dynamic neighborhoods. ## Property Details - **Property Type**: Co-op - **Beds**: 3 - **Baths**: 2 - **Rooms**: 5 - **Stories**: 3 - **Year Built**: 1910 - **Common Charges**: $11,320 / Monthly - **Listed On**: Mar 18, 2026 - **Days on Market**: 188 Days ### Residence Features - Common Area - Building Roof Deck - Private Outdoor Space Over 60 Sqft ## Estimated Monthly Payment **$36,603 / month**, assuming a 20% down payment ($1,000,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $25,283 - **Common Charges**: $11,320 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $5,000,000 - **Median sold price**: $2,250,000 - **Difference**: +$2,750,000 (+122.2%) - **Comparable sales**: 3 - **Sales from**: October 2024 – May 2026 - **Middle half of those sales**: $2,237,500 – $2,525,000 Based on co-op three-bedroom sales in Flatiron. Square footage is recorded for only 0 of these 3 sales (0%), 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. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Flatiron instead. ### How these sales were negotiated - **Sale-to-list price**: 85.7% (3 sales) - **Sold below asking**: 100% (3 sales) - **Typical time to find a buyer**: 32 days (3 sales) - **Typical time to close**: 48 days (3 sales) Based on co-op three-bedroom sales in Flatiron 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. Sales data through May 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 17 East 16th Street A&B](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/17-east-16th-street-a-b) ## Price and Property History for 17 East 16th Street #12 A&B, Unit 12 A&B Review the recorded listing activity for 17 East 16th Street #12 A&B, Unit 12 A&B, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $300,000, or 5.7%, on August 10, 2026 - **Originally listed**: April 15, 2025 at $5,300,000 - **Current asking price**: $5,000,000 | Date | Price | Listing event | | --- | --- | --- | | August 10, 2026 | $5,000,000 | Asking price reduced by $300,000, or 5.7% | | June 15, 2026 | $5,300,000 | Asking price reduced by $550,000, or 9.4% | | April 16, 2026 | $5,300,000 | Returned to the market | | April 15, 2025 | $5,300,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 11 apartments. The corporation’s 2026 property tax bill was $986,767 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 17 East 16th Street A&B](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/17-east-16th-street-a-b) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 17 East 16th Street A&B 17 East 16th Street A&B, New York, NY 10011 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1910 - **Active Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/17-east-16th-street-a-b) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [12 A&B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/17-east-16th-street-12ab-ny-10011) | 3 | 2 | — | — | $5,000,000 (-5.7%) | Compass | Mar 18, 2026 | 187 days | ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## 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 - [17 East 16th Street A&B — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/17-east-16th-street-a-b) - [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.