17 East 16th Street #12A&B

Rare Loft Opportunity | Union Square Full-Floor Penthouse w/ Private Roof Decks | Landmarked Building | $5,850,000

An extraordinary opportunity awaits in the heart of Union Square— the full floor Penthouse of a landmarked building, featuring a sprawling Penthouse loft and your own double private outdoor roof decks.

Currently half the floor operates as a home and the other half operates as a daycare center. This full floor Penthouse is a blank canvas offering immense potential to create a truly bespoke New York City residence, limited only by your imagination.

With 23 oversized windows and 8 skylights, this rare Penthouse flourishes with natural light flooding the entire space throughout the day, while soaring ceilings enhance the sense of openness and scale. Whether you envision a sleek modern loft, a cozy industrial-chic haven, artist studio or family space to truly call home this is your chance to bring your dream home to life.

Presently: Seller has hired an architect and received approved plans by DOB to convert the entire floor to residential status. The buyer will be responsible for obtaining the certificate of occupancy in order to convert the commercial space to residential for the entire floor. Buyers are strongly encouraged to bring a contractor and/or architect to fully grasp the incredible transformation possibilities.

Building Highlights:

-Landmark building with character and history
-Pets allowed with Board approval
-In-unit washer/dryer permitted
-Pied-à-terre and secondary residence allowed (Board approval required)
-Subletting allowed (Board approval required)
-Guarantors and co-purchasing permitted (select conditions apply)

With Union Square just outside your door, enjoy unparalleled access to world-class dining, shopping, cultural venues, multiple subway lines, and the iconic Greenmarket. Opportunities like this rarely arise — a true New York original in one of the city’s most dynamic neighborhoods.