- Year built
- 1925
- Type
- Cooperative
- Units
- 83
- Floors
- 6
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted with conditions
- Dogs and cats
- Not permitted
- Doorman
- No doorman
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 111 West 16th Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
111 West 16th Street is a prewar cooperative on one of Chelsea's quiet residential side streets, set between Sixth and Seventh Avenues. Built circa 1925, the building belongs to the mid-1920s wave of masonry apartment houses that gave Chelsea's cross streets their enduring residential texture. With 83 residences, it is a mid-sized prewar co-op — a maintenance base spread across a reasonable number of units, but more intimate than the corridor's largest buildings. Check the recorded sales below for the number of resales in recent years.
The case for a building like this is the case for prewar side-street Chelsea: a central, intensely walkable location off the avenues' commercial intensity, within reach of the High Line, the Chelsea galleries, Union Square, and the Flatiron and West Village edges that frame the neighborhood. For buyers who want to own in Chelsea without paying trophy-condominium pricing, an established prewar co-op typically offers a more accessible entry — co-op pricing, on a per-room basis, generally sits below condominium pricing for comparable space, in exchange for the board-governance structure co-ops carry.
The cooperative form is the defining feature. Buyers acquire shares in a corporation rather than real property, and every purchase is subject to board approval. That structure gives a different ownership experience than the condominiums nearby — and it shapes the building's resale behavior, which we address below.
Prewar co-op inventory in Chelsea is limited and not being replaced; recent neighborhood development has been almost entirely condominium, from 100 Eleventh Avenue and 245 Tenth Avenue in West Chelsea to the trophy buildings further east. An established prewar cooperative on a side street holds a specific appeal for buyers who want co-op ownership and a quieter block.
Architecture and unit composition
111 West 16th Street reads as a prewar masonry apartment house of the type built across Chelsea's cross streets in the mid-1920s. The six-story building features solid masonry construction, a defined and modest street entrance suited to a residential side street, and apartment layouts built around the room-count logic of its era — entry foyers, separated living and dining areas, and proper bedrooms rather than open-plan layouts. Ceiling heights and original detailing should be confirmed against the offering plan and an apartment-level inspection at offer stage.
We compare co-op prices and monthly maintenance on a per-room basis where reliable room counts are available; room count is not a substitute for the apartment's dimensions, layout and total maintenance, which should be reviewed as well. The prewar room count — foyer, living room, dining room or alcove, kitchen, and bedrooms — should be confirmed at offer stage with a consistent counting definition across comparables, since decades of renovation may have combined or reconfigured rooms relative to the original plan.
At 83 units, the building will carry a range of line types and exposures; a side-street prewar building of this scale typically has meaningful variation in light and outlook between lines, which should be evaluated in person.
Building operations
111 West 16th Street operates as a prewar cooperative with a live-in superintendent, a common laundry room, building storage, and a voice intercom; there is no doorman.
Co-op maintenance is a monthly charge per apartment, which we express per room for comparison where room counts are reliable. It covers the building's operating costs, the underlying mortgage (if any), and the shareholder's pro-rata share of real estate taxes — a structural difference from condominium common charges, which are quoted separately from taxes. Buyers should review the financial statements, reserve position, any underlying mortgage and its terms, and recent and planned capital work during due diligence. For a building of this vintage, the diligence priorities are the ordinary prewar ones: façade condition and any planned work, elevator modernization, roof and mechanical systems, and the adequacy of the reserve fund against the building's capital plan. At six stories the building is not above the six-story threshold for DOB's Local Law 11 facade inspection program; confirm DOB's classification and ask for any facade filing or work history.
The Roebling Research Library houses the offering plan, current house rules, recent financial statements, and board meeting minutes for buildings we cover; these are the primary documents for understanding a cooperative's operational reality.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsBoard approvalSource: The Roebling Team's building profile
- Pied-à-terre ownership
- Permitted with conditionsCase by case, board discretionSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Dogs and cats
- Not permittedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Building staffing and amenities
- Doorman
- No doormanSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $18,162/yr
- Per unit / month range
- $0 – $18
- Modeled exposure split equally across 83 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Recent sales
At 111 West 16th Street we compare apartments on a per-room basis where room counts are reliable, alongside dimensions and layout. Size, renovation condition, light and exposure are the usual differences between apartments, and each should be priced from recent comparable sales. The per-room maintenance is part of the underwriting, since a lower price paired with higher per-room maintenance can net to a comparable total cost of ownership.
We frame this in hedged terms by design: room counts, maintenance, and the building's prevailing per-room range should each be confirmed at the offer stage against current recorded transfers and the building's own financials. Recorded apartment sales from NYC Department of Finance transfers appear below; buyer and seller names are not published.
Two co-op-specific factors shape resale velocity. First, board approval adds a screening step that condos lack, which can extend the path from accepted offer to closing. Second, the board's financing and down-payment minimums — which vary by building and are confirmed at offer stage — define the eligible buyer pool. Both are ordinary features of co-op ownership and manageable with preparation.
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | vs. Ask |
|---|---|---|---|---|
| Mar 18, 2013 | 5K | $315,000 | -3.1% | |
| May 19, 2004 | 4E | $170,000 | -8.1% |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00792-0028). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
Closed rents at 111 West 16th Street, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 2 | $3,947 |
3 closed sublet leases, October 2023 to September 2026. Most recent lease June 2025. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 111 West 16th Street and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 111 West 16th Street and its market
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What to know if you’re buying
You are buying shares, and the board must approve you. The board's approval is required to close; the package and interview requirements are set by the building's application instructions. A thorough, well-presented package is the most consequential part of the process.
Compare the apartment on a per-room basis, alongside its size and layout. Confirm the room count and per-room maintenance at offer stage, and underwrite the full monthly carry — maintenance plus any assessments — alongside the purchase price.
Financing and down-payment minimums vary. Boards set their own financing limits and minimum down payments, and these determine which offers are viable. Confirm the current policy at offer stage.
Subletting and pied-à-terre use are permitted, subject to board approval. If your plan is anything other than primary-residence occupancy, confirm the current terms before committing.
Plan the closing process. Include package preparation, the interview and board approval in the schedule.
Run the diligence a prewar building requires. Review financials, any reserve study, any underlying mortgage, and the capital plan — façade condition (and Local Law 11 only if DOB classifies the building as subject to it), elevators, roof, and mechanicals matter most in a building of this vintage.
What to know if you’re selling
Position the apartment on its room count and condition. Per-room comparison is one frame buyers use, alongside size and layout; a clean, well-presented apartment with a clear room count and competitive per-room maintenance shows best.
Prepare your buyer for the board. A buyer who is unready for the package and interview can stall a co-op sale. Screening for board-readiness — financials, down payment, and use plans consistent with house rules — protects your timeline.
Have the building's financials and policies ready. Buyers and their attorneys request the offering plan, financials, and house rules early; having them organized accelerates the deal.
Coordinate your next move. Include board review in the closing schedule.
Comparable buildings
If you're considering 111 West 16th Street, also evaluate these nearby Chelsea buildings. Several are condominiums rather than co-ops; we note them as corridor comparables, and your choice between co-op and condo ownership is itself part of the analysis:
- 222 West 14th Street — nearby southern-Chelsea building
- 252 Seventh Avenue (The Chelsea Mercantile) — large prewar conversion nearby; Chelsea peer
- 212 West 18th Street (Walker Tower) — Chelsea prewar-pedigree trophy peer
- 245 Tenth Avenue — nearby West Chelsea building
- 100 Eleventh Avenue — Nouvel-designed West Chelsea peer
- One High Line (76 Eleventh Avenue) — nearby West Chelsea building
For buyers weighing co-op versus condo ownership, the comparison turns less on the buildings themselves and more on governance, carrying-cost structure (per-room maintenance inclusive of taxes versus separate common charges and taxes), and use flexibility.
More Chelsea buildings
- 107 West 25th Street — 1905 co-op
- 110 West 25th Street — 1913 condominium
- 110 West 17th Street — 1920 condominium
- 113 West 17th Street — 1911 condominium
- 114 West 17th Street — 1906 condominium
- 114 West 27th Street — 1907 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 111 West 16th Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com