Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $5,000,000

· Closed November 21, 2024

331 W 18TH Street
Closed For Sale Multi Family

$5,000,000

$1,098 per sq ft

331 W 18TH Street

Chelsea, Manhattan

MLS® #RLS10980968

RLS at REBNY

Listing by Serhant

5

Bedrooms

4.5

Baths

4,554

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 5
Bathrooms 5 full, 2 half
Living Area 4,554 sq ft
Lot Size 2,146.36 sq ft
Year Built 1910
Ownership None
Property Taxes $34,188/yr
Neighborhood Chelsea
Floor 1 of 1

Property Highlights

  • Views: Other
  • Fireplace: 7 fireplaces
  • Climate Control: Other

Property Details

Type Multi Family
Ownership None
Total Rooms 15
Baths 4 Full, 2 Half
Floor 1 of 1
View Other
Cooling Other
Pets Yes
Year Built 1910
Living Area 4,554 sq ft
Structure Type Townhouse
Basement Other
Lot Size 2,146.36 sq ft
Parcel # 0742-0019
Block/Lot 01824/0016

Listing History

Event Date Price Change
Listed Mar 14, 2024 $6,495,000 -
Price Reduced Dec 3, 2024 $5,995,000 -7.7%
Currently Apr 27, 2026 $5,000,000 -16.6%

Description

RARE EARLY 20TH-CENTURY BLANK CANVAS TOWNHOME IN WEST CHELSEA

Possibilities abound in this mid-block Greek Revival two-family townhome built in 1910. Nestled on a spacious 23-foot-wide lot with nearly 2,000 square feet of buildable air rights, this 4,554-square-foot property offers an incredible opportunity to make your dream home a reality.

Potential end uses include an income-generating investment property, a live-and-rent home, or a grand single-family mansion. The property is not landmarked and is moments from Chelsea Market, the High Line, and the Meatpacking District.

The home is currently configured with 4 bedrooms, 4 full bathrooms, and 2 powder rooms spread across three self-contained apartments. Original pre-war details like crown molding, hardwood floors, marble fireplaces, exposed beams, and red brick walls create an alluring palette to transform the property into a modern masterpiece.

The top floor possesses views of the Empire State Building, and the lush backyard provides a lush setting for gardening, grilling, and alfresco dining. Soaring ceilings range from just under 11 feet to nearly 18 feet high. Large garden and cellar levels can easily be used for a home gym, movie theater, wine-tasting room, and more. Design a custom chef's kitchen to your exacting standards. Buildable air rights allow for a sublime rooftop solarium, a landscaped oasis, or whatever else piques your imagination.

331 West 18th sits on a beautiful tree-lined street close to exciting dining and nightlife options, serene greenspaces, and renowned cultural institutions. There are dozens of art galleries and shops nearby, and residents enjoy close proximity to the Meatpacking District, Chelsea Market, the High Line, Little Island, the Whitney Museum of American Art, Chelsea Piers, and Gansevoort Peninsula. Accessible subway lines include the 1, A, C, E, and L

Features & Amenities

Interior Features

Smoke Free In Unit Fireplace (7)

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units -1
Stories 1
Structure Townhouse

Financial Details

RE Taxes $34,188/yr ($2,849/mo)
Original Price $6,495,000
Sale Price $5,000,000
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

306

Median Asking Price

$1.93M

Median $/Sqft

$1,755

Avg Days on Market

N/A

New This Week

21

Price Reduced

34%

Sold (30 Days)

35

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 4/27/26, 5:37 PM EST

Similar Listings in Chelsea

View All

Location

Loading map...

331 W 18TH Street, Chelsea, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
3
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $129,300
Land Value: $21,000
Exemptions: $0

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

Lot Area: 2,504 SF
Building Area: 2,175 SF
Built FAR: 0.87
Allowed FAR: 2

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 annual property tax is $34,188, or roughly $2,849 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 4 full bathrooms and 2 half bathrooms.

The listed interior living area is 4,554 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 None

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

At the current list price of $5,000,000 for 4,554 sq ft, the asking price per square foot is approximately $1,098. 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: RLS10980968
First Listed: 3/14/2024
On Market: 3/14/2024
Price Changed: 12/3/2024
Closed: 11/21/2024
Contract Date: 3/14/2024

Listing Courtesy of Serhant - Nile Lundgren

Listing Contact: (917) 453-4526

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 4/27/2026 at 9:37 PM UTC

Buying Multi-Family? Start Here

2–4 Unit Multi-Family Investing in NYC

Cap rates, financing, and what to look for in small multifamily.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

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

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton