# 227 West 16th Street, Manhattan

Co-op · 51 units · built c. 1910 · Block 766, Lot 23.

On Umarelli: https://umarelli.org/nyc/1007660023/227-west-16-street

More construction in Chelsea: https://umarelli.org/nyc/manhattan/chelsea.md

Every lot on block 766: https://umarelli.org/nyc/manhattan/766.md

## Building permits

- Alteration, filed Apr 22, 2022, estimated cost $6K, described as “Interior renovation of apartment 4W on the fourth floor of a walk-up, non-ADA compliant building.; including minor layout modifications plumbing and electrical work, new lighting, new finishes. No change in use, egress and/or occupancy.”
- Alteration, filed Mar 27, 2022, estimated cost $59K, described as “Interior renovation of apartment 4W on the fourth floor of a walk-up, non-ADA compliant building.; including minor layout modifications plumbing and electrical work, new lighting, new finishes. No change in use, egress and/or occupancy.”

## Property taxes

- Assessment: $3,769,650
- 2026–27 tax: $417,319
- Market value (city estimate): $8,377,000
- Taxable value: $3,649,710
- Assessed land: $648,000
- Assessed improvements: $3,121,650

## Tax breaks

- Co-op and condo abatement, with no end date, a $37,039 credit this tax year.

## Zoning

R8B: floor area ratio 3.87 built, 4.00 allowed by base zoning.

## Recent sales

- Jan 15, 2025: $540,000
- Feb 8, 2023: $518,000
- Oct 24, 2022: $776,500
- Sep 12, 2022: $875,000
- Jun 24, 2022: $632,000
- May 6, 2022: $575,000
- Aug 12, 2021: $1,360,000
- May 7, 2021: $1,345,000
- Jun 17, 2020: $480,000, Apt 3ER
- Feb 19, 2020: $1,380,000, Apt 5E

The 10 most recent of 17 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology