RealtyLens
for saleRealtyLens property overview
$639,000

16 W 16th St Apt 5NS

Manhattan, NY, 10011
View more Manhattan, NY property pages
1Beds
1Baths
575Sqft
$1111$/sqft

Comps

Listing Notes

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.

Market Insights

Below nearby median-19%

$1111/sqft vs a nearby median of $1376/sqft.

Nearby median$1376/sqft
Nearby properties24
Property size575 sqft
  • -19% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 575 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$732k$662k$802k · 44% confidence
vs ask $639k−$93k (−14.6%)

Asking price is about 14.6% below the fair value — likely to draw competing offers if it's still on market.

$1,283/sqft median across 4 tight comps × 575 sqft= $725k
  • Transit access+$18k +2.5%
  • Mid-century building era−$11k −1.5%
Cumulative NYC adjustments+$7k+1.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-19% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
55 days
Last price change
No change recorded
Listed
Mar 18, 2026
Photos
14 photos
Property type
coop
Status
for sale
Last sold
Jun 13, 2011 · $530,000

Features & Amenities

DoormanElevatorTwo Or More StoriesElevatorHardwood Floors

Photos

Building Facts

Year built
1964
Stories
14
Total units
483
Residential units
481
Building area
9.27 ac
Lot size
1.04 ac
Land use
Multi-family elevator buildings
Building class
D4

From NYC public records where available.

Price History

May 13, 2026Initial record
$639,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.