NOT LISTED FOR SALE

525 W 22nd St Unit 3E New York, NY 10011

Chelsea Neighborhood

Estimated Value: $2,673,000 - $3,880,000

2 Beds
2 Baths
1,633 Sq Ft
$1,545/mo HOA Fee

Last Sold March 09, 2016

Current estimated payment $19,984/month

104 Days on Market

Highlights

  • Pre War Building
  • North Facing Home
  • 2-minute walk to The High Line
  • P.S. 11 Sarah J. Garnet School Rated A

About This Home

As of March 2016

Situated in the heart of the West Chelsea Gallery District, with High Line views from every window, this pre-war, 2 bed/ 2 bath, 1600+SqFt condo features 10' ceilings, polished concrete floors, and a wood burning fireplace.

This ultra-chic loft includes a large, open living room with 9'x7' windows that bring in incredible light throughout the day. The spacious master suite includes custom, built-in closet, desk, and dresser system. The second bedroom has its own separate wing. Both bathrooms feature pedestal sinks and classic hexagonal floor tiles. This loft also has generous closets throughout, a washer/dryer in unit, and additional private storage in the basement.

The Spears Building is one of the finest full service loft buildings in West Chelsea. Building amenities include a doorman, superintendent, landscaped roof terrace with Hudson River views, and bike storage. This 6 story, red brick building is located just steps from the High Line, Hudson River Park, Chelsea Piers, Chelsea Market, the Whitney Museum, and Avenues: The World School. With the Dia Art Foundation, Lehmann Maupin Gallery, and Comme des Garcons just down the street, this quiet residential block is a high-art, high-fashion destination.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,260

Year Built

  • Built in 1893

Lot Details

  • North Facing Home

HOA Fees

  • $1,545 Monthly HOA Fees

Home Design

  • 1,633 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Community Details

  • 30 Units
  • Spears Building Condos
  • Chelsea Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,260

Year Built

Built in 1893

Lot Details

0

HOA Fees

$1,545 per month

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Architectural Style: Prewar
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Living Area: 1633.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1545.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: SPEARS BUILDING
  • Units: 30
  • Year Built: 1893

Tax Info

  • Tax Block: NA
  • Tax Annual: 16260.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2015
Closed on
Mar 7, 2016
Sold by
Chelsea Apt 3E Llc
Bought by
Hall Key and Jeffries Mary Hall
List Price
$3,100,000
Current Estimated Value
$3,147,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,199,635
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,004,312

Purchase Details

Closed on
Jan 14, 2008
Sold by
Greenberg Karen L and % Lawrence W Rader Esq
Bought by
Chelsea Apt 3E Llc

Purchase Details

Closed on
Mar 11, 1997
Sold by
Chelsea Warehouse Associates Llc
Bought by
Kingsley David Mark and Greenberg Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
7.62%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hall Key $3,125,000 --
Chelsea Apt 3E Llc $2,200,000 --
Chelsea Apt 3E Llc $2,200,000 --
Kingsley David Mark $350,000 Custom Title Services Inc
Kingsley David Mark $350,000 Custom Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Key $1,500,000
Previous Owner Greenburg Karen L $117,830
Previous Owner Kingsley David Mark $289,170
Previous Owner Kingsley David Mark $8,737
Previous Owner Kingsley David Mark $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2016 03/09/16 Sold -- -- --
02/08/2016 02/08/16 Pending -- -- --
10/27/2015 10/27/15 For Sale $3,100,000 -- $1,898 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $21,775 $178,843 $43,563 $135,280
2024 $21,775 $174,171 $43,563 $130,608
2023 $17,487 $172,795 $43,563 $129,232
2022 $17,143 $170,256 $43,563 $126,693
2021 $20,003 $163,064 $43,563 $119,501
2020 $17,328 $180,605 $43,563 $137,042
2019 $16,610 $176,542 $43,563 $132,979
2018 $19,327 $168,345 $43,564 $124,781
2017 $18,877 $166,469 $43,563 $122,906
2016 $18,212 $163,143 $43,563 $119,580
2015 $9,301 $129,643 $43,563 $86,080
2014 $9,301 $123,955 $43,563 $80,392
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10088034

Real Estate Board of New York (REBNY)

APN: 0694-1015