305w16 305 West 16th Street, New York, NY 10011

305w16 is a condo located 305 West 16th Street, in Chelsea, New York. The building was first built in 2008 and is 15 years old. The lot that the building was built on is 138 feet wide and 100 feet long. The official lot area is listed as 13,800 square feet. In total, 305 West 16th Street has a total floor area of 75,271 square feet. Of that, 54,856 square feet are used for residential purposes. About 20,415 square feet of the building are used for commercial purposes. There are a total of 54 units. Of those, 53 are residential units. There are 1 commerical units. 305 West 16th Street has a total of 7 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. Alternatively, take a stroll around the building's garden. Both dogs and cats are allowed in the building! There are 87 closings on record, of which we have matching data for 22 listings. In the past 3 years, a listing in this building will typically remain on the market for about 143 days and tend to sell below the original asking price of $1,225,000 by 4.46%. Meaning, listings tend to sell at a median of $1,818 price per square foot. The transaction that took the longest to complete was unit 3J, listed on Mar 04, 2015 for $1,138,000. This particular unit ultimately sold 361 days later for $1,050,000. The most recent transaction was for unit 5B, which was first advertised on Mar 25, 2022, sold for $699,000 on Oct 17, 2022. Fun fact, the oldest transaction we have on record took place on Feb 06, 1968. See the full transaction history for 305w16 below.

Chelsea, where 305 West 16th Street is located, has a median asking price of $1,995,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,225,000. For interested buyers, that means the building's median asking price is around 0.39% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,795,000. It is a 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $799,000. It is a 464 sqft studio and 1 bathroom unit. A breakdown of active listings shows 1 studio, 1 one-bedroom, 1 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,249,500. Active units for sale at 305 West 16th Street have a median count of 1 bedrooms and have a median count of 1 bathroom.