Seller's Agent in 2025
Paula Allen
Sothebys International Realty
(212) 431-2455
2 in this area
5 Total Sales
525 W 22nd St Unit 2B New York, NY 10011
Chelsea Neighborhood
2
Beds
2
Baths
1,196
Sq Ft
$1,264/mo
HOA Fee
Highlights
- Rooftop Deck
- 19,503 Sq Ft lot
- Wood Flooring
- P.S. 11 Sarah J. Garnet School Rated A
- Pre War Building
- 2-minute walk to The High Line
About This Home
As of July 2025RESIDENCE
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.
Last Agent to Sell the Property
Sothebys International Realty License #30AL0762489 Listed on: 03/21/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $18,204
Year Built
- Built in 1893
Lot Details
- South Facing Home
HOA Fees
- $1,264 Monthly HOA Fees
Home Design
- Pre War Building
- Entry on the 2nd floor
Interior Spaces
- 1,196 Sq Ft Home
- Entrance Foyer
- Wood Flooring
- Laundry in unit
Kitchen
- Galley Kitchen
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Listing and Financial Details
- Legal Lot and Block 7501 / 00694
Community Details
Overview
- 30 Units
- Spears Building Condos
- Chelsea Subdivision
- 6-Story Property
Amenities
- Rooftop Deck
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 21, 2025
Closed on
Jul 21, 2025
Sold by
King James T
Bought by
Living Trust Of Vincent Q And Tracy B Ka and Tracy B Katz Joe As Co-Trustee
Seller's Agent
Paula Allen
Sothebys International Realty
List Price
$2,650,000
Sold Price
$2,500,000
Premium/Discount to List
-$150,000
-5.66%
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.62%
Purchase Details
Closed on
Sep 15, 2021
Sold by
King John E
Bought by
King James T
Purchase Details
Closed on
Apr 15, 2021
Sold by
King Mary Elizabeth
Bought by
King John E
Purchase Details
Closed on
Jan 12, 2012
Sold by
Kapsos Jed S
Bought by
King John E and King Mary Elizabeth
Purchase Details
Closed on
Mar 12, 1997
Sold by
Chelsea Warehouse Associates Llc
Bought by
Kapsos Jed S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.85%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,500,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $2,000,000 | -- | |
| Deed | $2,000,000 | -- | |
| Condominium Deed | $285,000 | -- | |
| Condominium Deed | $285,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $228,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Sold | $2,500,000 | -5.7% | $2,090 / Sq Ft |
| 04/23/2025 04/23/25 | Pending | -- | -- | -- |
| 03/21/2025 03/21/25 | For Sale | $2,650,000 | -- | $2,216 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,731 | $145,630 | $35,476 | $110,154 |
| 2024 | $17,731 | $141,824 | $35,476 | $106,348 |
| 2023 | $14,240 | $140,705 | $35,476 | $105,229 |
| 2022 | $13,994 | $138,638 | $35,476 | $103,162 |
| 2021 | $16,288 | $132,781 | $35,476 | $97,305 |
| 2020 | $17,102 | $147,065 | $35,476 | $111,589 |
| 2019 | $13,536 | $143,756 | $35,476 | $108,280 |
| 2018 | $15,737 | $137,081 | $35,475 | $101,606 |
| 2017 | $15,371 | $135,554 | $35,476 | $100,078 |
| 2016 | $14,830 | $132,846 | $35,475 | $97,371 |
| 2015 | $7,574 | $105,568 | $35,476 | $70,092 |
| 2014 | $7,574 | $100,932 | $35,475 | $65,457 |
Source: Public Records
Agents Affiliated with this Home
-
Paula Allen
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20010861
APN: 0694-1006
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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