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The Chelsea Lane - 16 West 16th Street, New York, NY 10011 Property Information

The Chelsea Lane - 16 West 16th Street, New York, NY 10011 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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The Chelsea Lane - 16 West 16th Street, New York, NY 10011 4
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Address

Building name The Chelsea Lane
Primary address The Chelsea Lane - 16 West 16th Street
Secondary address 5-23 W 15th St
Neighborhood Flatiron District
Zip code 10011
Borough Manhattan
Block & lot 00817-0029

Sales & Tax Overview for 16 West 16th Street, New York

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Purchase date 08/05/2024
Purchase price $717,500
Tax class

Lot & Building Information for 16 West 16th Street, New York

Lot sqft 45,223
Lot dimensions 238 ft x 206.5 ft
Building class Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4) i
Building sqft 403,741
Building dimensions 238 ft x 70 ft
Buildings on lot 2
Stories 14
Year built 1964
Frontage(s) West 15 Street(narrow)
West 16 Street(narrow)
District Boundary(narrow)
Nearest wide street 5 Avenue
Distance to wide street
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Zoning & Use for 16 West 16th Street, New York

Zoning
Residential units (DOF) 481
Regulated units
Commercial units 2
Residential sqft

Area Overview

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

School district 2
Community district 5
Closest police station 0.40 Miles
Closest fire station 0.12 Miles
Walk Icon
100 /100
Walker's Paradise Walk Score
Transit Icon
100 /100
Rider's Paradise Transit Score
Bike Icon
91 /100
Biker's Paradise Bike Score

Other Property Data for 16 West 16th Street, New York

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Floor area ratio (FAR) for The Chelsea Lane - 16 West 16th Street, New York, NY 10011, including commercial and residential FAR, FAR as built and usable floor area.
Development maps such as planimetric, zoning, urban landscape, and HPD alternative enforcement program maps.
Violations for The Chelsea Lane - 16 West 16th Street, New York, NY 10011, including DOB violations, ECB violations, HPD violations and 311 complaints.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 5-23 W 15th St, New York, NY 10011
  • 6-16 W 16th St, New York, NY 10011

About 16 West 16th Street, New York

What is the year built & the total sq. ft. for The Chelsea Lane - 16 West 16th Street, New York, NY 10011?

The Chelsea Lane - 16 West 16th Street, New York, NY 10011 was built in 1964 and has a total of 403,741 square feet.

What is the assessed value of The Chelsea Lane - 16 West 16th Street, New York, NY 10011 and the property tax paid?

Assessed at $43,016,400, the tax amount paid for The Chelsea Lane - 16 West 16th Street, New York, NY 10011 is $4,310,372.

When was The Chelsea Lane - 16 West 16th Street, New York, NY 10011 last sold and what was the last sale price?

The Chelsea Lane - 16 West 16th Street, New York, NY 10011 was last sold in 08/05/2024 for $717,500.

How many residential units does this building have?

This building has 481 residential unit(s) and 2 commercial spaces.

Ownership Information for 16 West 16th Street, New York

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Property owner name for The Chelsea Lane - 16 West 16th Street, New York, NY 10011
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Building contacts for The Chelsea Lane - 16 West 16th Street, New York, NY 10011
Building management:
Representatives (from permits):
Tenants:


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Past Sales & Property History for 16 West 16th Street, New York

Create a free account to view the complete sales history for 16 West 16th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.

Purchase date Purchase price Buyer name Seller name
08/05/2024 $717,500
10/17/2023 $999,000
05/10/2022 $708,000
       
       
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*Here are the three most recent sales for this property.

Title Documents for 16 West 16th Street, New York

To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.

Date Type Amount Party 1 Party 2 Doc image
08/05/2024 - D
08/21/2024 - R
Both RPTT and RETT
(2024080600247001)
10/17/2023 - D
11/13/2023 - R
Both RPTT and RETT
(2023110800271001)
03/06/2023 - R UCC3 termination
(2023030100630001)
02/07/2023 - R UCC3 termination
(2023020601096001)
02/07/2023 - R UCC3 termination
(2023020601092001)
08/09/2022 - R UCC3 amendment
(2022080300049001)
07/29/2022 - R Ucc 5 correction statement
(2022072100100001)
07/21/2022 - R UCC3 termination
(2022072001031001)
07/15/2022 - R UCC3 termination
(2022071500597001)
06/22/2022 - R UCC3 assignment
(2022062200770001)
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R: Recorded date
D: Document date

Property Taxes for 16 West 16th Street, New York

Access detailed property tax data for The Chelsea Lane - The Chelsea Lane - 16 West 16th Street, New York, NY 10011. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2024-2025
Property tax: $5,012,897
Tax assessor's market value: $95,592,000
Assessed value: $43,016,400
Exemptions granted by city:

Assessment History for 16 West 16th Street, New York

Here's the assessment & property tax history for 16 West 16th Street, New York, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessed value Taxable Tax rate% Base tax Property tax Year over year change
2023/24 $93,261,000 $41,967,450 $39,524,386 12.502% $5,017,650 $4,274,687 +3.68%
2022/23 $88,121,000 $39,654,450 $38,848,978 12.267% $4,864,411 $4,123,115 +7.83%
2021/22 $83,047,000 $37,371,150 $36,503,299 12.235% $4,572,360 $3,823,690 -16.77%
2020/21 $91,983,000 $41,392,350 $37,453,051 12.267% $4,695,844 $4,594,366 +2.96%
2019/20 $89,530,000 $40,288,500 $35,776,794 12.473% $4,562,480 $4,462,440 +4.94%

Permits for 16 West 16th Street, New York

The complete history of permits filed for 16 West 16th Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Filing date Job type Job status Job description Initial cost
09/06/2024 Alteration
06/25/2024 Alteration
06/25/2024 Alteration
06/06/2024 Alteration
04/29/2024 Alteration
04/05/2024 Alteration
03/15/2024 Alteration
12/28/2023 Alteration
12/28/2023 Alteration
12/14/2023 Alteration
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Flatiron District Residential Market Stats

Access a detailed real estate market overview of Flatiron District so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Flatiron District and compare it to other neighborhoods in Manhattan.

Median Sale Price
$1,287,500
0% YoY
Median Price/Sqft
$1,679
2.4% YoY
Manhattan Median Sale Price
$1,150,000
-2.8% YoY

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

FEMA flood zone(s): X (See more on map)
Hurricane evacuation zone: 6 (See more on map)

Transportation

Distance to Subway
Closest station 6th Ave & 16th St at SE Corner
Station lines F-L-M-1-2-3
Distance (miles) 0.122
View subway map
Bus Routes
Name 5 Av/W 17 St
Line M2
Distance (miles) 0.072

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Sixth Avenue Elementary School 9 Yes Public PK, K-5 340 0.12
Sixth Avenue Elementary School 9 Yes Public PK, K-5 340 0.12
John A Coleman School NR No Private 210 0.15
Winston Preparatory School NR No Private 5-12 236 0.22
Ballet Tech Nyc Ps For Dance 9 No Public 4-8 141 0.24

Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Jhs 104 Simon Baruch 8 Yes Public 6-8 1,117 0.71
The Clinton School 7 No Public 6-12 721 0.12
John A Coleman School NR No Private 210 0.15
Winston Preparatory School NR No Private 5-12 236 0.22
Ballet Tech Nyc Ps For Dance 9 No Public 4-8 141 0.24

Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance to school (mi)
Xavier High School NR No Private 9-12 1,063 0.05
Harvest Collegiate High School 5 No Public 9-12 463 0.11
The Clinton School 7 No Public 6-12 721 0.12
John A Coleman School NR No Private 210 0.15
Winston Preparatory School NR No Private 5-12 236 0.22

Neighbors for 16 West 16th Street, New York

Here are the neighbors for The Chelsea Lane - The Chelsea Lane - 16 West 16th Street, New York, NY 10011.

Address Square feet Purchase date Purchase price
176 Broadway, New York 168,176 10/16/1980
46 E 91st St, New York 46,718 05/23/2007 $5,591,793
507 W 135th St, New York 13,170 06/30/2021 $11,687,527
58 E 119th St, New York 4,000 10/14/2003 $550,750
131 E 101st St, New York 8,465 12/07/2010 $2,097,402
585 W 214th St, New York 38,505 07/09/1984
325 Lenox Ave, New York 10,484 03/20/2023 $3,188,099
96 Prince St, New York 14,569
107 Christopher St, New York 17,226 10/13/2023 $16,000,000
219 E 69th St, New York 163,875 12/18/2008 $125,000
153 E 109th St, New York 10/15/2003
164 E 124th St, New York 12/23/2019 $9,200,000
445 Park Ave, New York 329,507 08/26/2016
550 W 144th St, New York 45,000 05/09/2016 $12,963,964
2337 1st Ave, New York 10,631 03/09/2005 $1,662,000
57 E 118th St, New York 4,000 09/12/2017 $2,150,000
351 St Nicholas Ave, New York 35,212 12/02/2003
119 W 227th St, New York 6,295 01/30/2015
50 E 89th St, New York 364,623 11/06/2008 $30,400
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