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Manhattan / Chelsea-Hudson Yards / 10011

242 WEST 16 STREET

Boro1
Block765
Lot65
BBL1007650065
Class C7
Residential units
33
Units in total
34
Storeys
6
Year built
1910
Last alteration on file
1987
Recorded transfers
None
01

What has sold here

No transfer with a recorded consideration has been attached to this lot for 2003 onwards. That is common and it is not evidence that nothing changed hands. A building held by one owner since before 2003, a building transferred for no stated consideration, and a rental building that has simply never been sold all produce an empty record here. See how to read a sale history.

02

The building on the lot

Section through the lot

LOT 4,603 SQ FT6
Drawn from PLUTO: 6 storeys, 21,643 sq ft of building on 4,603 sq ft of lot, an average floor plate covering 78% of it. PLUTO records 2 buildings on this lot, so the mass drawn is their combined floor area. It is a diagram of recorded figures, not a picture of the building.
Lot area
4,603 sq ft
Building area
21,643 sq ft
Residential area
19,468 sq ft
Commercial area
2,175 sq ft
Office area
-
Retail area
2,175 sq ft
Buildings on the lot
2
Built floor area ratio
4.7
Residential FAR permitted
4
Zoning district
R8B
03

Assessment

Assessed land value
$395,100
Assessed total value
$2,990,250
Exempt value
$0
Assessed per residential unit
$90,614

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
C7WALK-UP APT. OVER SIX FAMILIES WITH STORES
Neighbourhood
Chelsea-Hudson Yards
ZIP code
10011
Community district
Manhattan 4
Council district
3
Coordinates
40.740498, -74.000779
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