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7 W 16th St
New York, NY 10011
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Excellent accessibility with multiple subway lines within two blocks, including F, L, M, and the 1/2/3 trains at Sixth Avenue.
- Incredible location with immediate proximity to Union Square, Fifth Avenue retail corridors, and Chelsea’s vibrant cultural scene.
- Walk Score of 100 and Transit Score of 100, ensuring ideal connectivity for occupants and visitors.
Executive Summary
33-Foot-Wide Flatiron Townhouse 30% Reduction $10.5M
With a 30% price reduction, this extraordinary 33-foot-wide townhouse is a true rarity in Manhattan. Just off Fifth Avenue and adjacent to Greenwich Village's distinguished Gold Coast, it stands at the nexus of Flatiron, Chelsea, and the Village—an address that combines scale, history, and location.
Measuring approximately 9,200 square feet, the building retains original details including a graceful spiral staircase, parlor floor entry with high ceilings, ornate mantles, and decorative plasterwork. Currently arranged as 10 apartments, the property provides immediate income with long-term potential upside. Its flexible as-of-right zoning allows for residential, commercial, mixed-use, or institutional purposes, whether held as an investment, adapted as a foundation headquarters, or reimagined as a private residence of extraordinary breadth. The property also carries approximately 9,350 square feet of air rights, subject to DOB and LPC approvals.
Built circa 1846, No. 7 is a rare Greek Revival bow-front townhouse, part of a distinguished row developed under a restrictive covenant to ensure elegance and uniformity along West 16th Street. With its finely detailed stone entrance and broad facade, it remains remarkably intact. Designated a New York City Landmark in 1990, it endures as one of the few surviving examples of the neighborhood’s early residential development west of Union Square.
Distinguished by its width, history, and location, 7 West 16th Street is one of the city's rare townhouse offerings—now attractively priced at $10,500,000.
With a 30% price reduction, this extraordinary 33-foot-wide townhouse is a true rarity in Manhattan. Just off Fifth Avenue and adjacent to Greenwich Village's distinguished Gold Coast, it stands at the nexus of Flatiron, Chelsea, and the Village—an address that combines scale, history, and location.
Measuring approximately 9,200 square feet, the building retains original details including a graceful spiral staircase, parlor floor entry with high ceilings, ornate mantles, and decorative plasterwork. Currently arranged as 10 apartments, the property provides immediate income with long-term potential upside. Its flexible as-of-right zoning allows for residential, commercial, mixed-use, or institutional purposes, whether held as an investment, adapted as a foundation headquarters, or reimagined as a private residence of extraordinary breadth. The property also carries approximately 9,350 square feet of air rights, subject to DOB and LPC approvals.
Built circa 1846, No. 7 is a rare Greek Revival bow-front townhouse, part of a distinguished row developed under a restrictive covenant to ensure elegance and uniformity along West 16th Street. With its finely detailed stone entrance and broad facade, it remains remarkably intact. Designated a New York City Landmark in 1990, it endures as one of the few surviving examples of the neighborhood’s early residential development west of Union Square.
Distinguished by its width, history, and location, 7 West 16th Street is one of the city's rare townhouse offerings—now attractively priced at $10,500,000.
Property Facts
| Price Per Unit | $1,762,300 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 8 | Building Size | 8,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 1925 |
| Zoning | C6-2M - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Price Per Unit | $1,762,300 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | C6-2M - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 683 |
| 4+2 | 1 | - | - |
| 4+1 | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
Property Taxes
| Parcel Number | 0818-0035 | Improvements Assessment | $743,784 CAD |
| Land Assessment | $250,948 CAD | Total Assessment | $994,732 CAD |
Property Taxes
Parcel Number
0818-0035
Land Assessment
$250,948 CAD
Improvements Assessment
$743,784 CAD
Total Assessment
$994,732 CAD
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