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Manhattan / Chelsea-Hudson Yards / 10011

248 WEST 16 STREET

Boro1
Block765
Lot70
BBL1007650070
Class D4
Residential units
46
Units in total
46
Storeys
5
Year built
1930
Last alteration on file
1973
Recorded transfers
41 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
24 Apr 2025$1,292,5052GSINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Sep 2023$995,0004DSINGLE RESIDENTIAL COOP UNITRPTT&RET
6 Jul 2022$999,0002DSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Jun 2022$1,310,0001GSINGLE RESIDENTIAL COOP UNITRPTT&RET
22 Dec 2021$1,075,0003HSINGLE RESIDENTIAL COOP UNITRPTT&RET
6 Dec 2021$875,0002FSINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Oct 2020$999,000LGSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Aug 2019$1,211,500LASINGLE RESIDENTIAL COOP UNITRPTT&RET
19 Jun 2019$895,0003CSINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Jan 2018$1,025,0001-HSINGLE RESIDENTIAL COOP UNITRPTT&RET
11 Jan 2018$965,0003-ESINGLE RESIDENTIAL COOP UNITRPTT&RET
26 Jul 2017$300,0005ASINGLE RESIDENTIAL COOP UNITRPTT&RET
2 Feb 2017$915,0004DSINGLE RESIDENTIAL COOP UNITRPTT&RET
15 Dec 2016$849,0003DSINGLE RESIDENTIAL COOP UNITRPTT&RET
3 Aug 2016$1,185,0001GSINGLE RESIDENTIAL COOP UNITRPTT&RET
17 Sep 2015$1,365,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Jun 2015$1,050,0002GSINGLE RESIDENTIAL COOP UNITRPTT&RET
7 Aug 2014$1,200,0005HSINGLE RESIDENTIAL COOP UNITRPTT&RET
24 Jul 2014$870,0003ESINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Feb 2014$910,0003HSINGLE RESIDENTIAL COOP UNITRPTT&RET
20 Feb 2014$750,0002FSINGLE RESIDENTIAL COOP UNITRPTT&RET
11 Sep 2013$906,8753GSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Aug 2013$790,0003CSINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Apr 2013$929,0003ASINGLE RESIDENTIAL COOP UNITRPTT&RET
20 Sep 2012$850,0002ASINGLE RESIDENTIAL COOP UNITRPTT&RET
14 Sep 2012$827,0001BSINGLE RESIDENTIAL COOP UNITRPTT&RET
10 May 2012$830,0001GSINGLE RESIDENTIAL COOP UNITRPTT&RET
26 Apr 2012$839,0005BSINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Aug 2011$850,0004BSINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Jul 2011$830,0005ASINGLE RESIDENTIAL COOP UNITRPTT&RET
31 Mar 2011$800,0005HSINGLE RESIDENTIAL COOP UNITRPTT&RET
22 Dec 2009$530,0003ESINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Nov 2009$535,0004DSINGLE RESIDENTIAL COOP UNITRPTT&RET
20 May 2009$720,0001HSINGLE RESIDENTIAL COOP UNITRPTT&RET
29 Apr 2009$180,0003GSINGLE RESIDENTIAL COOP UNITRPTT&RET
18 Mar 2009$675,0002GSINGLE RESIDENTIAL COOP UNITRPTT&RET
8 Jun 2007$725,0005DSINGLE RESIDENTIAL COOP UNITRPTT&RET
23 Mar 2007$900,000LASINGLE RESIDENTIAL COOP UNITRPTT&RET
27 Apr 2006$875,0002ASINGLE RESIDENTIAL COOP UNITRPTT&RET
28 Mar 2006$863,3001GSINGLE RESIDENTIAL COOP UNITRPTT
41 transfers are recorded against this building since 2003. The 40 most recent are printed here; the yearly summary above counts all of them.
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
20251$1,292,505--
20231$995,000--
20222$1,154,500$999,000$1,310,000
20212$975,000$875,000$1,075,000
20201$999,000--
20192$1,053,250$895,000$1,211,500
20182$995,000$965,000$1,025,000
20172$607,500$300,000$915,000
20162$1,017,000$849,000$1,185,000
20152$1,207,500$1,050,000$1,365,000
20144$890,000$750,000$1,200,000
20133$906,875$790,000$929,000
20124$834,500$827,000$850,000
20113$830,000$800,000$850,000
20095$535,000$180,000$720,000
20072$812,500$725,000$900,000
20062$869,150$863,300$875,000
20041$795,000--
02

The building on the lot

Section through the lot

LOT 10,325 SQ FT5
Drawn from PLUTO: 5 storeys, 49,816 sq ft of building on 10,325 sq ft of lot, an average floor plate covering 96% of it. It is a diagram of recorded figures, not a picture of the building.
Lot area
10,325 sq ft
Building area
49,816 sq ft
Residential area
49,816 sq ft
Commercial area
-
Office area
-
Retail area
-
Buildings on the lot
1
Built floor area ratio
4.82
Residential FAR permitted
4
Zoning district
R8B
03

Assessment

Assessed land value
$819,000
Assessed total value
$5,787,000
Exempt value
$46,330
Assessed per residential unit
$125,804

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
40.74063, -74.00109
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