Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $6,250,000

· Closed November 12, 2021

245 7TH Avenue #PHBC
Closed For Sale Condo

$6,250,000

$1,603 per sq ft

245 7TH Avenue #PHBC

Chelsea, Manhattan

CHELSEA ATELIER

MLS® #RLS10740737

RLS at REBNY

Listing by Douglas Elliman Real Estate

3

Bedrooms

2.5

Baths

3,900

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Living Area 3,900 sq ft
Year Built 1910
Ownership Condo
HOA/Common Charges $3,461/mo
Property Taxes $99,192/yr
Neighborhood Chelsea
Floor 12 of 12

Property Highlights

  • Exposure: North,South,West facing
  • Outdoor Space: Terrace
  • Style: Prewar architecture

Property Details

Type Condo
Ownership Condominium
Total Rooms 7
Baths 2 Full, 1 Half
Floor 12 of 12
Exposure North,South,West
Pets Yes
Cross Street WEST 24 STREET and WEST 25 STREET
Year Built 1910
Living Area 3,900 sq ft
Architectural Style Prewar

Listing History

Event Date Price Change
Listed Sep 9, 2021 $11,595,000 -
Price Reduced Nov 16, 2021 $5,995,000 -48.3%
Currently May 4, 2026 $6,250,000 +4.3%

Description

Masterfully renovated with extraordinary attention to all details, this magnificent penthouse duplex sun filled prewar loft home resides in the Chelsea Atelier, a full service condominium building located in the epicenter of the highly sought after Chelsea neighborhood. With nearly 5000SF of living space (3900SF inside / 1080SF outside), this polished home offers unparalleled elegant living featuring a gracious entrance gallery leading to all major rooms, 11'9" ceiling height, an expansive living/dining room with wide open south and west city views through 6 oversized windows, a gorgeous atrium ceiling kitchen with the best of everything including a separate breakfast area (with its own fridge drawers), a truly sumptuous mahogany paneled library with custom crafted lit display shelving & its own WBFP, and a master bedroom oasis with a sitting area, windowed closet & dressing room w/vanity, and a spa inspired limestone bathroom with a glass enclosed double steam shower, heated marble mosaic flooring & towel bars, and a Jacuzzi soaking tub. The bedroom wing includes two large bedrooms, a large hall bath, a fantastic guest sleeping area w/built-in queen sized Murphy bed (or great home / kid's office!), large WIC, and refrigeration drawers! An architectural floating staircase with a 15' ceiling height atrium takes you to the den/TV room and the spectacular architect designed and fully landscaped private multi leveled terrace, featuring rows of casement windowed French doors, IPE wood & stone flooring construction, a waterfall feature, separate dining and lounging areas, irrigation, and storage. A separate laundry room, custom sound system, doors, hardware and baseboard/ceiling moldings throughout, motorized Lutron window treatments, exquisite lighting (custom fixtures, recessed and art lighting w/ RadioRa technology), beautiful dark walnut stained solid oak flooring, 3 zone central AC, powder room, and custom millwork everywhere completes this exceptional home. BLD: 24 hour doorman, on-site superintendent, bike storage, private bin storage (this apt. has 2), pets are welcomed, new hallways and lobby! PLEASE NOTE: REAL ESTATE TAXES include the NYC TAX CONDOMINIUM TAX ABATEMENT for PRIMARY USE of the apt.

Features & Amenities

Exterior Features

Terrace

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $3,461/mo
RE Taxes $99,192/yr ($8,266/mo)
Original Price $11,595,000
Sale Price $6,250,000
Previous Price $5,995,000

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

310

Median Asking Price

$1.86M

Median $/Sqft

$1,834

Avg Days on Market

N/A

New This Week

31

Price Reduced

25%

Sold (30 Days)

35

Median Sale Price

$2.02M

Live data from RLS at REBNY • Updated 5/4/26, 5:08 PM EST

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Location

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245 7TH Avenue #PHBC, Chelsea, New York County • Near WEST 24 STREET and WEST 25 STREET

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 $3,461 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $99,192, or roughly $8,266 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 3,900 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 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 $6,250,000 for 3,900 sq ft, the asking price per square foot is approximately $1,603. 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: RLS10740737
First Listed: 9/9/2021
Price Changed: 11/16/2021
Closed: 11/12/2021
Contract Date: 6/15/2016

Listing Courtesy of Douglas Elliman Real Estate - RONALD LENSE

Listing Contact: (917) 848-8095

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 5/4/2026 at 9:08 PM UTC

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