55 West 16th Street

55 West 16th Street is a Co-op located in Flatiron District, New York. The building was first built in 1950 and is 74 years old. It was first renovated and altered in 1982. The lot that the building was built on is 30 feet wide and 92 feet long. The official lot area is listed as 2,760 square feet. The building itself is 30 feet wide and 92 feet long. In total, 55 West 16th Street has a total floor area of 25,639 square feet. Of that, 23,139 square feet are used for residential purposes. About 2,500 square feet of the building are used for commercial purposes. There are a total of 10 units. Of those, 9 are residential units. There is one commercial unit. 55 West 16th Street has a total of 10 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 8 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 270 days Meaning, listings tend to sell at a median of $1,609 price per square foot. The transaction that took the longest to complete was unit 9, listed on Sep 04, 2021 for $3,795,000. This particular unit ultimately sold 270 days later for $3,700,000. The most recent transaction was for unit 9, which was first advertised on Sep 04, 2021, sold for $3,700,000 on Jun 01, 2022. Fun fact, the oldest transaction we have on record took place on May 01, 1975. See the full transaction history for 55 West 16th Street below.

Flatiron District, where 55 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 $3,700,000. For interested buyers, that means the building's median asking price is around 3.93% 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.