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Manhattan / Chelsea-Hudson Yards / 10011

111 WEST 16 STREET

Boro1
Block792
Lot28
BBL1007920028
Class D4
Residential units
83
Units in total
83
Storeys
6
Year built
1925
Last alteration on file
1985
Recorded transfers
7 since 2003
01

What has sold here

Every transfer the City has recorded against this lot since 2003 with a consideration above zero. A co-op apartment has no deed, so its sale is recorded as a Real Property Transfer Tax return instead; both are printed here and the instrument is named in the last column. The figure is the consideration as filed, which is not always the price a buyer would recognise.

RecordedConsiderationUnitWhat transferredInstrument
6 Jul 2023$340,0002NSINGLE RESIDENTIAL COOP UNITRPTT&RET
1 May 2013$280,0001FSINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Mar 2013$315,0005KSINGLE RESIDENTIAL COOP UNITRPTT&RET
13 Mar 2008$205,0005BSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Jan 2008$200,0003BSINGLE RESIDENTIAL COOP UNITRPTT&RET
16 Aug 2006$240,0005KSINGLE RESIDENTIAL COOP UNITRPTT
19 May 2004$170,0004ESINGLE RESIDENTIAL COOP UNITRPTT
RPTT&RET
BOTH RPTT AND RETT. A New York City Real Property Transfer Tax return filed together with the New York State return. A co-operative apartment sale conveys shares rather than real property, so this return, and not a deed, is what gets recorded.
RPTT
NYC REAL PROPERTY TRANSFER TAX. A New York City Real Property Transfer Tax return filed on its own.

By year

YearTransfersMedian recordedLowestHighest
20231$340,000--
20132$297,500$280,000$315,000
20082$202,500$200,000$205,000
20061$240,000--
20041$170,000--
02

The building on the lot

Section through the lot

PERMITTED, NOT BUILTLOT 9,200 SQ FT6
Drawn from PLUTO: 6 storeys, 39,455 sq ft of building on 9,200 sq ft of lot, an average floor plate covering 71% of it. The dashed outline is the difference between the floor area ratio already built (4.29) and the residential floor area ratio of the zoning district (6.02). It is a diagram of recorded figures, not a picture of the building.
Lot area
9,200 sq ft
Building area
39,455 sq ft
Residential area
39,455 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.29
Residential FAR permitted
6.02
Zoning district
R8A
03

Assessment

Assessed land value
$720,000
Assessed total value
$5,575,050
Exempt value
$0
Assessed per residential unit
$67,169

Assessed value is the figure the Department of Finance uses to levy property tax. For a class two building it is derived from an income approach and it is capped in how fast it can rise. It is not a market valuation and the two figures routinely differ by a wide margin. What the assessment does and does not tell you.

04

Classification and location

Building class
D4ELEVATOR COOPERATIVE
Neighbourhood
Chelsea-Hudson Yards
ZIP code
10011
Community district
Manhattan 4
Council district
3
Coordinates
40.739131, -73.996377
05

Other buildings in Chelsea-Hudson Yards

AddressClassRes. unitsBuiltTransfersMedian apartment, 5 yr
345 8TH AVENUED41,1341960475$131k
311 11TH AVENUED793820200-
415 WEST 23 STREETD990119345$1.97m
371 9 AVENUERM84420150-
311 WEST 24 STREETD47561963350$130k
539 WEST 28 STREETD871020130-
551 10 AVENUERM59820131-
476 11 AVENUED759020200-
320 WEST 38 STREETD856920070-
305 9 AVENUED45601963138$130k
505 WEST 35TH STREETRM53220200-
450 WEST 17 STREETRM4692006382$1.75m

Every building on file in Chelsea-Hudson Yards