Photo Arts Building

Photo Arts Building is a condo located 5 East 16th Street, in Flatiron District, New York. The building was first built in 1892 and is 132 years old. It was first renovated and altered in 2007. The official lot area is listed as 4,600 square feet. The building itself is 50 feet wide and 82 feet long. In total, 5 East 16th Street has a total floor area of 43,819 square feet. About 43,819 square feet of the building are used for commercial purposes. There are 12 commercial units. 5 East 16th Street has a total of 12 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Better yet, washer and dryers are allowed in each unit. 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 33 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 216 days Meaning, listings tend to sell at a median of $1,197 price per square foot. The transaction that took the longest to complete was unit 7, listed on Mar 28, 2023 for $4,999,999. This particular unit ultimately sold 226 days later for $5,000,000. The most recent transaction was for unit 7, which was first advertised on Mar 28, 2023, sold for $5,000,000 on Nov 09, 2023. Fun fact, the oldest transaction we have on record took place on Sep 19, 1984. See the full transaction history for Photo Arts Building below.

Flatiron District, where 5 East 16th Street is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $4,850,000. For interested buyers, that means the building's median asking price is around 5.47% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo 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.