Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,500,000

Listed at $2,650,000 · Sold 5.7% below asking · Closed July 21, 2025

525 W 22nd Street #2B
Closed For Sale Condo

$2,650,000

$2,216 per sq ft

525 W 22nd Street #2B

Chelsea, Manhattan

Spears Building

MLS® #RLS20010861

RLS at REBNY

Listing by Sothebys International Realty

2

Bedrooms

2

Baths

1,196

Sq. Ft.

1893

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,196 sq ft
Lot Size 19,503 sq ft
Year Built 1893
Ownership Condo
HOA/Common Charges $1,264/mo
Property Taxes $18,204/yr
Neighborhood Chelsea
Floor 2 of 6

Property Highlights

  • Exposure: South facing
  • Style: Prewar,Loft architecture
  • Character: Pre-war building (1893)

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 2 of 6
Exposure South
Pets Yes
Year Built 1893
Living Area 1,196 sq ft
Architectural Style Prewar,Loft
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Lot Size 19,503 sq ft
Parcel # 0694-1006
Block/Lot 00694/7501

Listing History

Event Date Price Change
Listed Mar 21, 2025 $2,650,000 -
Currently Apr 26, 2026 $2,650,000 -

Description

RESIDENCE Discover an exquisite south-facing loft that epitomizes luxury and elegance. This residence is sheer perfection. This 1,196 +- square foot home features two bedrooms and two bathrooms, flawlessly blending classic architectural elements with modern comforts and elegant design creating a warm, minimalist space. Highlights include a wall of oversized windows, 11-foot ceilings, custom cabinetry throughout, and recessed lighting, creating an inviting and sophisticated ambiance. Upon entry, a welcoming foyer leads to the kitchen, equipped with top-of-the-line Bosch, Miele, and Asko appliances, and adorned with custom wood cabinetry. The intimate dining room seamlessly transitions into a spacious living room filled with abundant natural light and perfect for entertaining and relaxation. The large primary suite boasts a marble ensuite bathroom and is tucked away allowing for a secluded sanctuary featuring custom built closets and a luxurious marble bath. A comfortable, light-filled office space is conveniently located between the primary suite and the living room. A second bedroom with ample custom cabinetry and an elegant second bathroom completes the layout. Additionally, the apartment includes a large storage bin that transfers with the property. BUILDING Originally built in 1880 as a commercial manufacturing building, the Spears Building was converted into a full-service condominium in 1996. It comprises approximately 30 loft residences within a six-story boutique building. Amenities include a beautifully landscaped common roof deck, a full-time building manager, and a seven-day doorman service from 8 AM to midnight. This condominium is known for its low common charges and taxes. The condo recently underwent a modernization project, resulting in a brand-new elevator, updated building mechanicals, a newly restored facade, a new roof, and an updated entrance. There is an on-going assessment of $625.00 monthly ending March 2026 for this unit. The coveted location and exceptional building staff make this one of the most desirable buildings in the neighborhood. Steps from the Hudson River Park, Chelsea Piers, Chelsea Market, the best galleries, restaurants and shopping.

Features & Amenities

Interior Features

Entrance Foyer Galley Kitchen In Unit Flooring: Hardwood

Exterior Features

Building Roof Deck

Building Amenities

Elevators

Appliances

Dishwasher

Building Information

Building Spears Building
Building Data View Compliance & Permits
Total Units 30
Stories 6
Structure None
Style Prewar,Loft

Financial Details

Common Charges $1,264/mo
RE Taxes $18,204/yr ($1,517/mo)
Sale Price $2,500,000

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

308

Median Asking Price

$1.84M

Median $/Sqft

$1,746

Avg Days on Market

N/A

New This Week

22

Price Reduced

31%

Sold (30 Days)

34

Median Sale Price

$2.02M

Live data from RLS at REBNY • Updated 4/26/26, 5:09 PM EST

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Location

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525 W 22nd Street #2B, Chelsea, New York County

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
6
Floors
30
Residential Units
M1-5
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $14,991,759
Land Value: $2,821,504
Exemptions: $0

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

Lot Area: 19,503 SF
Building Area: 88,671 SF
Built FAR: 4.55

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 $1,264 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $18,204, or roughly $1,517 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,196 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1893, making it approximately 133 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 1,196 sq ft, the asking price per square foot is approximately $2,216. 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: RLS20010861
First Listed: 3/21/2025
On Market: 3/21/2025
Price Changed: 3/21/2025
Closed: 7/21/2025
Contract Date: 3/21/2025

Listing Courtesy of Sothebys International Realty - Paula Allen

Listing Contact: (212) 431-2455

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 4/26/2026 at 9:09 PM UTC

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