NGC 7243 (also known as Caldwell 16) is an open cluster and Caldwell object in the constellation Lacerta. It shines at magnitude +6.4. Its celestial coordinates are RA 22^h 15.3^m , dec +49° 53′. It is located near the naked-eye stars Alpha Lacertae, 4 Lacertae, an A-class double star, and planetary nebula IC 5217. It lies approximately 2,800 light-years away, and is thought to be just over 100 million years old, consisting mainly of white and blue stars.