New York (Chelsea), NY, 10011 | $9,450,000

West Chelsea dream loft living awaits in this sprawling four-bedroom, two-bathroom penthouse featuring a sun-drenched flexible floor plan and an extensive private terrace atop The Spears Building, a sought-after full-service condominium flanked by the Hudson River and The High Line. Inside this 4, 022-square-foot residence, ceilings dotted with recessed lighting soar 13’ feet tall over polished concrete floors, exposed brick, and oversized windows on the northern, eastern, and southern exposures. The gracious foyer opens to a spectacular great room warmed by a wood-burning fireplace and topped with an imposing skylight. Enjoy this remarkable footprint for relaxing and entertaining, surrounded by built-in cabinetry and open-sky south-facing views. Ahead, the windowed pass-through kitchen boasts its own sunny skylight and exposed brick walls alongside abundant cabinetry with butcher-block countertops, and stainless-steel appliances, including a Sub-Zero refrigerator, a gas range, and a dishwasher. Wake up to High Line views in the large corner primary bedroom featuring an en suite bathroom with a soaking tub and glass shower. The adjacent dressing room accommodates even the largest wardrobes with six floor-to-ceiling custom closets. In this wing, you'll also find two bright secondary bedrooms with excellent closet space, a skylight, and clerestory windows. Off the kitchen, an entrance reveals another corner bedroom with exposed brick and open shelving with direct access to the home's second full bathroom, perfect for a home office or to host guests. Rows of additional closets and an in-unit washer-dryer complete the thoughtful main-level layout. Ascend the stairs to discover an indoor-outdoor lounge area. Retractable glass doors open to the home's crowning glory, the 2, 500-square-foot private rooftop terrace where unimpeded city views stretch on forever which make this unrivaled residence an unforgettable Chelsea penthouse. 525 West 22nd Street is a boutique building constructed in 1880 by Kinney Brothers, a division of American Tobacco Company. Converted to condominium use in 1996, The Spears Building is now a beautifully maintained, pet-friendly enclave where residents enjoy concierge service, a full-time doorman, resident manager, bicycle room, and common areas. Nestled between the Hudson River and The High Line, this West Chelsea Arts District neighborhood is surrounded by some of the city's best art, shopping, dining, and recreation. Stroll through countless galleries, the Whitney Museum, Chelsea Market and Hudson Yards.

Features

  • Town: New York
  • Levels: 6
  • Rooms: 6
  • Bedrooms: 4
  • Baths: 2 full
  • Lot Size: 197.500000x98.750000
  • Laundry: In Unit,See Remarks
  • Year Built: 1930
  • Common Charge: $5,669 Monthly
  • Approx Sq. Feet: 4,022
  • Est. Taxes: $71,808
  • Pet Policy: Building Yes,Cats OK,Dogs OK
  • Appliances: Dishwasher,Range,Refrigerator,Stainless Steel Appliance(s),Washer
  • MLS#: COMP-157185383294004
  • Days on Market: 235 days
  • Website: https://www.raveis.com
    /prop/COMP-157185383294004/525w22ndstreet_newyork_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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New York (Chelsea), NY, 10011

$9,450,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $7,560,000 $7,560,000 $7,560,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment $5,984 $5,984 $5,984
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $44,118 $47,784 $63,796
Total Monthly Payment $50,227 $53,893 $69,905

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.