305W16 (127 Eighth Avenue)
127 Eighth Avenue, New York, NY 10011
Chelsea
BBL 1007407501 · BIN 1088116
- Year built
- 2008
- Type
- Condop
- Landmark
- No
- Pets
- Pet-friendly — pets of all sizes permitted, no board approval required; no documented weight or breed limit
Every recorded sale at this building, 2011–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,808
- Listing discount
- 1.4%
- Recorded sales
- 108
- On record
- 2011–2026
305W16, addressed 127 Eighth Avenue at the corner of West 16th Street, is a full-service new-construction building completed in 2008 by SLCE Architects for developer Centaur Properties. It sits in the heart of lower Chelsea, directly across from the Eighth Avenue tech-campus block and two blocks from the 14th Street / Eighth Avenue subway hub served by the A, C, E and L lines.
The building is structured as a cooperative that operates under condominium-style rules — a "condop." In practice that means it pairs share-ownership with the flexibility buyers associate with condominiums: unrestricted subletting from day one, co-purchasing, pieds-à-terre, and pets, with no board interview. This structure is the single most important fact for any buyer or seller at the building to understand, and it is what distinguishes 305W16 from both Chelsea's traditional prewar co-ops and its conventional condominiums.
Architecturally, the building is deliberately contemporary — a charcoal metal-clad façade with oversized soundproof windows that sets it apart from the surrounding brick masonry. The combination of a full-service staffing model, a real amenity package, and condominium-style flexibility makes it a distinctive option in lower Chelsea.
Architecture and unit composition
The building rises seven stories — its height shaped by Chelsea zoning — with a contemporary charcoal/black metal skin and oversized, triple-locked, double-paned soundproof windows. The 53 residences span studios (roughly 438–454 square feet), one-bedrooms (roughly 464–771 square feet), two-bedrooms (roughly 972–1,127 square feet), and three-bedrooms (roughly 1,500–1,790 square feet), capped by combined penthouses including a roughly 2,450-square-foot five-bedroom. Apartments carry in-unit washer/dryers. A ground-floor retail base occupies the Eighth Avenue frontage. A signature 34-foot rooftop sculpture, Perhaps, anchors the building's roof terrace.
Building operations
305W16 operates as a full-service building with a 24-hour door attendant and a live-in resident manager. The amenity roster includes a second-floor fitness center overlooking a terrace, a furnished rooftop terrace with a gas grill and lounge and dining areas, a second-floor landscaped viewing garden, and a package room; private storage and bike parking are available for purchase. There is no on-site car parking. Because the building runs under condominium-style rules, subletting is unrestricted, co-purchasing and pieds-à-terre are permitted, and there is no board interview. The building is pet-friendly, with pets of all sizes permitted and no board approval required. Purchasers should plan on the building's customary minimum down payment; the precise current financing and carrying-charge terms are best confirmed at offer stage.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $46,198/yr
- Per unit / month range
- $0 – $73
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Management & transfer contacts
- Sublet policy
- Allowed
- Pied-à-terre
- Allowed
- Notable fees
- Min Down Payment: 25%
Recent sales
305W16 holds 53 residences and trades actively across its full unit range — studios and one-bedrooms at the entry of the building's pricing, larger two- and three-bedroom homes and the combined penthouses at the top. Because buyers acquire co-op shares operating under condominium-style rules, sales record on the underlying share value; recent asking levels have run roughly $1,500–$1,530 per square foot, with active inventory spanning roughly $700,000 for a studio to the low-$1-million range for one-bedrooms and into the multi-millions for the largest combined homes. The building's live sales record is the right reference for a unit-level read, and we are glad to walk through it.
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 8, 2026 | 4E | 2 BR · 2 BA | $1,500,000 | -3.2% | |
| Apr 14, 2026 | PHD | 3 BR · 2.5 BA | $2,400,000 | -4.0% | |
| Apr 30, 2025 | PHC | 2 BR · 2 BA · 1,001 sf | $1,810,000 | $1,808/sf | +3.4% |
| May 23, 2024 | 5A | 1 BA · 454 sf | $690,000 | $1,520/sf | -1.3% |
| Apr 30, 2024 | 2K | 2 BR · 2 BA · 1,004 sf | $1,500,000 | $1,494/sf | -16.4% |
| Oct 17, 2022 | 5B | 1 BA · 438 sf | $699,000 | $1,596/sf | +0.0% |
| Apr 6, 2022 | 3C | 1 BR · 1 BA · 663 sf | $1,150,000 | $1,735/sf | -14.8% |
| Mar 31, 2022 | 2F | 1 BR · 1 BA · 557 sf | $1,100,000 | $1,975/sf | -8.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,808/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 1.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00740-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Understand the structure first. 305W16 is a cooperative that operates under condominium-style rules — you buy shares, not a condominium deed, but you get condominium-style flexibility: unrestricted subletting from day one, co-purchasing, pieds-à-terre, and pets, with no board interview. That makes it unusually flexible for a share-ownership building and a genuine alternative to a condominium for buyers who want investor and pied-à-terre latitude.
The full-service case is real: a 24-hour door attendant, live-in resident manager, fitness center, rooftop terrace, and landscaped garden, in a 2008 building with modern systems and soundproof windows on a busy avenue corner. Diligence should confirm the building's current down-payment requirement, the share structure and underlying financing, the reserve fund and capital-project history, and the cost of optional storage or bike parking. Floor, exposure and the soundproofing on the avenue side all factor into value.
What to know if you’re selling
Sellers lead with two things: the full-service package (24-hour attendant, live-in manager, gym, roof terrace, garden) and the condominium-style flexibility that lets buyers sublet, co-purchase, and hold pieds-à-terre without a board interview. That flexibility broadens the buyer pool well beyond what a traditional Chelsea co-op can reach, and it should be front and center in any marketing.
Pricing should be benchmarked against the lower-Chelsea full-service condominiums and condops of the late-2000s, with adjustments for floor, exposure, soundproofing, and renovation. The building's unit range is wide, so comparable selection matters — a studio and a combined penthouse are different markets within the same address.
Comparable buildings
If you're weighing 305W16, these nearby lower-Chelsea condominium buildings make a useful comparison set:
- 111 West 16th Street — Chelsea building one block north
- 155 West 18th Street — full-service Chelsea condominium nearby
- 212 West 18th Street — larger Chelsea condominium for scale comparison
- 100 Seventh Avenue — prewar building on nearby Seventh Avenue
- 79 Seventh Avenue — Chelsea building nearby
- 125 West 22nd Street — boutique full-service condominium in central Chelsea
The neighborhood
For the full corridor — architecture, schools, 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.
Considering a move at 305W16?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 305W16 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.