Building: 2 West 16th Street

2 West 16th Street is a five story walk-up building on the south side of 16th Street between Fifth and Sixth Avenues in the Flatiron District.

The subject property contains thirteen free-market residential units ranging in size from studios to two-bedroom duplexes with a former carriage house with a separate entrance on 15th Street. All units are free-market and can be delivered vacant at the end of their lease terms. 2 West 16th Street measures approximately 35 feet by 75 on its first two floors and 35 feet by 55 feet on its upper two floors totaling approximately 10,135 square feet. 3 West 15th Street measures approximately 35 feet by 30 feet (irregular) totaling approximately 2,100 square feet. Both sit on an irregular 35 foot by 108 foot (approximately) tax lot.

The tax lot is divided between two zones: 46% is zoned C6-4M (maximum 10 residential FAR) and 54% is zoned C6-2M (maximum 6 residential FAR) allowing for the option for future commercial use. Although there are a remaining 19,730 square feet of unused development rights, the subject property sits in the Ladies’ Mile Historical District.

Description provided by Alan Stenson