- Year built
- 1900
- Type
- Cooperative
- Units
- 16
- Floors
- 9
- Landmark
- No
- Pets
- Pet-friendly under cooperative rules; dogs subject to board approval
- Subletting
- Permitted under cooperative rules, typically after an owner-occupancy period; confirm current terms with the board
575 Avenue of the Americas — 575 Sixth Avenue — is a boutique loft cooperative at the corner of West 16th Street, on the Chelsea stretch of Sixth Avenue where Chelsea, Flatiron, and Union Square meet. Built in 1900, it is a nine-story masonry loft building of the type that lined Sixth Avenue during its commercial heyday, converted to a 16-unit cooperative. The location is one of the most connected in the neighborhood: steps from Union Square, the Flatiron District, and the transit that converges there.
What buyers respond to here is the pairing of true loft character with a boutique co-op's scale and price basis. The residences carry the proportions of a turn-of-the-century loft building — high ceilings, large windows, and deep floor plates — in a small, low-density building on a prime corner. As a cooperative, it offers loft living at a co-op's ownership structure and a room-based price basis, a distinct value proposition against the neighborhood's newer condominiums.
The building is for buyers who want an authentic Chelsea loft in a boutique co-op on one of the neighborhood's best-connected corners.
Architecture and unit composition
575 Sixth Avenue is a 1900 masonry loft building — brick and stone, nine stories, built for the commercial life of Sixth Avenue at the turn of the century and later converted to residential cooperative use. The building reads as a solid, well-proportioned loft structure on its corner, a survivor of the avenue's earlier era.
Inside, the 16 cooperative residences carry the character of the original loft floors: high ceilings, large windows, and open, flexible layouts. The corner position gives many residences strong light and multiple exposures. With so few apartments in the building, the specific floor, exposure, and layout of each residence drive value, and the loft geometry gives the better units a genuine sense of scale rare among the neighborhood's cooperatives.
Building operations
575 Avenue of the Americas operates as a boutique loft cooperative with an elevator and the practical services appropriate to a 16-unit building. That is a sensible scale — the essentials of a well-run co-op without the overhead of a full-service tower. Maintenance reflects the modest services and the realities of a turn-of-the-century masonry building; buyers should model the full monthly carry and review reserves and any capital or façade history during due diligence, as is prudent for a converted loft building of this age.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $7,521/yr
- Per unit / month range
- $0 – $39
Facade safety — Local Law 11
The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.
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 →What to know if you’re buying
Authentic loft character is the draw. High ceilings, large windows, and open layouts in a real 1900 loft building — the proportions are the differentiator.
It's a boutique co-op, priced by the room. As a cooperative, the price basis and ownership structure differ from the neighborhood's condominiums — often a value proposition for genuine loft space.
The corner and the location are assets. At Sixth Avenue and 16th Street, steps from Union Square and Flatiron, the site is among the best-connected in Chelsea.
Board approval and coop rules apply. Purchase requires board approval; pied-à-terre and subletting are case-by-case under the cooperative's rules — confirm current terms before you commit.
Mansion tax thresholds apply. At this building's pricing, the $1M and higher cliffs can be in play. Run pricing through the Mansion Tax Calculator.
Variable board financial policy — confirm at offer stage. Financing limits, sublet terms, and any flip tax should be confirmed in writing before you commit.
What to know if you’re selling
Lead with the loft and the corner. Authentic turn-of-the-century loft space on a prime Chelsea corner is a specific, marketable story.
Pricing is apartment-specific. With 16 residences, floor, light, exposure, and layout all move the number; comps must be read carefully.
Present the scale and the light. Photography that reads the ceiling heights, the windows, and the corner exposures supports price.
Comparable buildings
If you're considering 575 Avenue of the Americas, also evaluate these Chelsea and Flatiron-border buildings:
- 130 West 16th Street — nearby Chelsea building
- 131 West 16th Street — nearby Chelsea building
- 253 West 16th Street — nearby Chelsea building
- 121 West 17th Street — nearby Chelsea building
- 154 West 18th Street — nearby Chelsea building
The Roebling Team at 575 Avenue of the Americas
The Roebling Team at Compass works the full Chelsea, Flatiron, and downtown market, including its boutique loft cooperatives. We publish this profile because buyers and sellers of architecturally specific buildings deserve building-level intelligence — architecture, amenity reality, and apartment-level pricing context — rather than generic market commentary.
If you're considering a purchase or sale at 575 Avenue of the Americas, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires.
Get the full picture on this building.
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