Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $3,830,000

· Closed September 6, 2023

291 7th Avenue #5-FLR
Closed For Sale Condo

$3,830,000

$1,136 per sq ft

291 7th Avenue #5-FLR

Chelsea, Manhattan

MLS® #RLS10890995

RLS at REBNY

Listing by Compass

3

Bedrooms

2.5

Baths

3,370

Sq. Ft.

1907

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Living Area 3,370 sq ft
Year Built 1907
Ownership Condo
HOA/Common Charges $2,111/mo
Property Taxes $41,520/yr
Neighborhood Chelsea
Floor 5 of 12

Property Highlights

  • Views: City
  • Exposure: East,North,South facing
  • Fireplace: Wood-burning or decorative fireplace

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full, 1 Half
Floor 5 of 12
View City
Exposure East,North,South
Cooling Central Air
Pets Yes
Cross Street West 26th Street/West 27th Street
Year Built 1907
Living Area 3,370 sq ft
Architectural Style Prewar
Block/Lot 802/7502

Listing History

Event Date Price Change
Listed May 8, 2023 $3,830,000 -
Price Reduced Sep 6, 2023 $4,100,000 +7.0%

Description

Stunning and expansive 3370 square foot full floor, 3 bedroom, 2.5 bathroom, authentic loft has it all! Loft number 5 has so many attributes: soaring 11 foot high ceilings, four exposures from 17 windows, columns, and a wood burning fireplace, just to name a few. The high quality renovation in move-in condition is perfect as a primary residence or a proven investment property with a great rental history. Enter directly from the keyed elevator into the massive great room and you will notice the space lends itself to multiple options for gracious dining and living areas. Here is where you can entertain numerous guests to your heart's content. The western end of the loft is graced by four large windows and would be an ideal location for live/work, home office and/or media area. Throughout the loft are exquisitely crafted closet doors with custom interiors. They are the handiwork of a premier furniture and cabinet maker. They obviate the need for storage furniture allowing for a less cluttered lifestyle. The vast windowed kitchen exemplifies simplicity, form and function with high end appliances, Corian countertops, ample counter space and a custom breakfast bar with seating for at least four. The adjoining pantry provides even more storage. The bedroom wing is a delight..no interior bedrooms. All three bedrooms have multiple windows and wonderful custom closets. The corner primary bedroom has a generous walk-in closet and a spacious ensuite windowed bathroom, complete with a freestanding soaking tub, double pedestal sinks and large stall shower. The secondary bathroom in the bedroom wing is also large.There is a sweet half bathroom placed discreetly off of the living space for your guests. In unit laundry room with a washer/dryer and utility sink. 291 Seventh Avenue, is an 8 unit loft condominium, built in 1907. Across the street from the Fashion Institute of Technology, the convenient location is near subways, buses and the newly expanded Pennsylvania Station. Food shopping is a breeze with Whole Foods, Trader Joe's, Eataly and Chelsea Market close by, as are many art galleries and shops. Madison Square Park, the High Line, and Hudson River Park are minutes away. There is an ongoing capital reserve fund monthly fee of $430.45.

Features & Amenities

Interior Features

Dining Area Pantry Building Washer Dryer Install Allowed Fireplace

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $2,111/mo
RE Taxes $41,520/yr ($3,460/mo)
Sale Price $3,830,000
Previous Price $4,100,000

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

304

Median Asking Price

$1.81M

Median $/Sqft

$1,781

Avg Days on Market

N/A

New This Week

19

Price Reduced

28%

Sold (30 Days)

36

Median Sale Price

$1.97M

Live data from RLS at REBNY • Updated 5/1/26, 12:34 PM EST

Similar Listings in Chelsea

View All

Location

Loading map...

291 7th Avenue #5-FLR, Chelsea, New York County • Near West 26th Street/West 27th Street

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1907
Year Built
119 years old
10
Floors
8
Residential Units
M1-8A/R11
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $5,672,326
Land Value: $464,399
Exemptions: $0

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

Lot Area: 4,000 SF
Building Area: 36,420 SF
Built FAR: 9.11
Allowed FAR: 12

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 $2,111 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $41,520, or roughly $3,460 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 3,370 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1907, making it approximately 119 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 $3,830,000 for 3,370 sq ft, the asking price per square foot is approximately $1,136. 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: RLS10890995
First Listed: 5/8/2023
Price Changed: 9/6/2023
Closed: 9/6/2023
Contract Date: 5/8/2023

Listing Courtesy of Compass - Ellen Saland

Listing Contact: (917) 951-9522

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 5/1/2026 at 4:34 PM UTC

Buying a Condo? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton