Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,650,000

· Closed October 25, 2024

245 7th Avenue #5A
Closed For Sale Condo

$2,650,000

$1,324 per sq ft

245 7th Avenue #5A

Chelsea, Manhattan

MLS® #RLS10985085

RLS at REBNY

Listing by Compass

2

Bedrooms

2.5

Baths

2,002

Sq. Ft.

1911

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 2,002 sq ft
Year Built 1911
Ownership Condo
HOA/Common Charges $2,782/mo
Property Taxes $36,372/yr
Neighborhood Chelsea
Floor 5 of 12

Property Highlights

  • Exposure: North,South facing
  • Climate Control: Central Air
  • Character: Pre-war building (1911)

Property Details

Type Condo
Ownership Condominium
Total Rooms 9
Baths 2 Full, 1 Half
Floor 5 of 12
Exposure North,South
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 1911
Living Area 2,002 sq ft
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Parcel # 0800-1011
Block/Lot 00800/1011

Listing History

Event Date Price Change
Listed Jul 12, 2024 $2,800,000 -
Currently Apr 28, 2026 $2,650,000 -5.4%

Description

Welcome to 5A, a beautifully renovated, expansive condominium loft with 11’ ceilings, 2 or 3 bedrooms, 2.5 baths, a home office, Poggenpohl kitchen, 1000+ bottle wine room, and oversized 7’1 x 4’7 windows. This home has unique features including beautiful wide, white oak floors, high-gloss European paint, Venetian plaster in the living room, marble window sills, electric shades, washer dryer, and central AC and heat. Enter to a proper foyer that leads to the vast south-facing entertaining space which offers multiple seating areas, a perfect spot for a substantial dining table, and a large south-facing media room separated by elegant opaque glass pocket doors. This versatile and lovely room can function in a myriad of ways, including as a third bedroom, The Poggenpohl kitchen has attractive light wood cabinets, a plethora of storage space, and stainless appliances including a Viking stove, Sub-Zero refrigerator, built-in microwave and dual Miele dishwashers. A bedroom hallway, lined with closets enhanced by the perfect shade of blue gray lacquered doors, also houses the vented washer/dryer and across is a separate built-in office area, easily converted to a small home gym. The generously sized quiet but light, north-facing primary bedroom has a fully outfitted, windowed dressing area and a marble spa-like en-suite bathroom with large glass shower, clad in marble and separate WC. The second bedroom is also spacious with an ensuite Bazzaza tiled bath and glass shower. The Chelsea Atelier, a boutique, pet friendly, prewar condominium with 24-hour doorman, live-in resident manager, bike and deeded basement storage (which trades with the loft),is conveniently located across from Whole Foods and near Trader Joe’s, Eataly, top restaurants and excellent shopping. Also close are the numerous world class art galleries that populate the area. Transportation options are many: the 1, 2, A,C,E, F, M, and N/R/Q/W subway lines and the Path train at 23rd Street.

Features & Amenities

Interior Features

Built In Features High Ceilings Kitchen Island Pantry Building Washer Dryer Install Allowed Common On Floor Common Area In Unit Flooring: Hardwood

Appliances

Dishwasher Stainless Steel Appliances

Building Information

Building Data View Compliance & Permits
Total Units 33
Stories 12
Structure MixedUse

Financial Details

Common Charges $2,782/mo
RE Taxes $36,372/yr ($3,031/mo)
Original Price $2,800,000
Sale Price $2,650,000
Previous Price $2,800,000

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

305

Median Asking Price

$1.90M

Median $/Sqft

$1,760

Avg Days on Market

N/A

New This Week

19

Price Reduced

34%

Sold (30 Days)

35

Median Sale Price

$2.00M

Live data from RLS at REBNY • Updated 4/27/26, 8:21 PM EST

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Location

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245 7th Avenue #5A, Chelsea, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1911
Year Built
115 years old
12
Floors
33
Residential Units
C6-3X
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $15,194,708
Land Value: $1,598,406
Exemptions: $4,580

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 6,883 SF
Building Area: 62,582 SF
Built FAR: 9.09
Allowed FAR: 9

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $2,782 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $36,372, or roughly $3,031 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 2,002 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1911, making it approximately 115 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $2,650,000 for 2,002 sq ft, the asking price per square foot is approximately $1,324. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10985085
First Listed: 7/12/2024
On Market: 7/12/2024
Price Changed: 10/30/2024
Closed: 10/25/2024
Contract Date: 7/15/2024

Listing Courtesy of Compass - Pamela D Arc

Listing Contact: (917) 509-8315

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/28/2026 at 12:21 AM UTC

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