246 West 16th Street (The Grid)Recorded sales & closing prices

The sponsor conveyed all four residences between June 3 and July 1, 2021, to four differently named buyers — three in individual names, one in a single-purpose entity. Distinct recorded names do not establish unrelated beneficial ownership. The three commercial units followed as a block that November. Those reported 2021 dispositions do not alone establish current holdings; reconcile each residential lot, grantor and subsequent deed before concluding that the residential sellout is complete.

Four residences produce no building average worth quoting. Pricing has to be built line by line, and the meaningful distinctions inside the building are the amount and usability of outdoor space — a ground-level patio at the second floor versus terraces above — and the penthouse duplex's extra bedroom and floor. The correct comparable set is the small group of boutique Chelsea conversions and small new-construction condominiums with full-floor plates above 1,500 square feet, not the prewar cooperatives that dominate the surrounding blocks, whose policies, financing rules and buyer pools are structurally different. The absence of any tax abatement is the largest single variable between a headline price and the true monthly number. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.