West 16 St Tenants

West 16 St Tenants is a Co-op located 325 West 16th Street, in Chelsea, New York. The building was first built in 1902 and is 122 years old. It was first renovated and altered in 1984. The lot that the building was built on is 75 feet wide and 61 feet long. The official lot area is listed as 4,594 square feet. The building itself is 75 feet wide and 61 feet long. In total, 325 West 16th Street has a total floor area of 23,650 square feet. Of that, 16,650 square feet are used for residential purposes. About 7,000 square feet of the building are used for commercial purposes. There are a total of 12 units. Of those, 10 are residential units. There are two commercial units. 325 West 16th Street has a total of 6 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. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 18 closings on record, of which we have matching data for 6 listings. In the past 3 years, a listing in this building will typically remain on the market for about 222 days Meaning, listings tend to sell at a median of $1,375 price per square foot. The transaction that took the longest to complete was unit 3W, listed on Mar 13, 2023 for $1,350,000. This particular unit ultimately sold 283 days later for $1,350,000. The most recent transaction was for unit 3W, which was first advertised on Mar 13, 2023, sold for $1,350,000 on Dec 21, 2023. Fun fact, the oldest transaction we have on record took place on Feb 18, 1971. See the full transaction history for West 16 St Tenants below.

Chelsea, where 325 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 $3,575,000. For interested buyers, that means the building's median asking price is around 3.77% 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.