31 West 16th Street

31 West 16th Street is a Co-op located in Flatiron District, New York. The building was first built in 1925 and is 99 years old. It was first renovated and altered in 1970. The lot that the building was built on is 16 feet wide and 92 feet long. The official lot area is listed as 2,300 square feet. The building itself is 16 feet wide and 59 feet long. In total, 31 West 16th Street has a total floor area of 8,125 square feet. Of that, 6,925 square feet are used for residential purposes. About 1,200 square feet of the building are used for commercial purposes. There are a total of 6 units. Of those, 5 are residential units. There is one commercial unit. 31 West 16th Street has a total of 4 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. Better yet, washer and dryers are allowed in each unit. Only cats are allowed in the building. There are 7 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 124 days The transaction that took the longest to complete was unit 2, listed on Jul 12, 2019 for $1,250,000. This particular unit ultimately sold 124 days later for $1,200,000. The most recent transaction was for unit 1, sold for $2,850,000 on May 09, 2022. Fun fact, the oldest transaction we have on record took place on Jul 03, 1969. See the full transaction history for 31 West 16th Street below.

Flatiron District, where 31 West 16th Street is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $1,250,000. For interested buyers, that means the building's median asking price is around 0.67% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.