NOT LISTED FOR SALE

525 W 22nd St Unit 4F New York, NY 10011

Chelsea Neighborhood

Estimated Value: $3,959,087 - $6,900,000

3 Beds
2 Baths
2,938 Sq Ft
1930 Built

Highlights

  • Marble Flooring
  • 1 Fireplace
  • Granite Countertops
  • P.S. 11 Sarah J. Garnet School Rated A
  • High Ceiling
  • 2-minute walk to The High Line

About This Home

As of April 2024

Step into this expansive industrial loft spanning nearly 3000 square feet, nestled in the vibrant heart of West Chelsea. Boasting three bedrooms and two bathrooms, this remarkable space offers views of The High Line, soaring 12-foot ceilings, exposed brick walls, and a seamless blend of marble and hardwood flooring. The wood-burning fireplace adds warmth and character to the already stunning space, complementing the spacious living area adorned with towering ceilings and a wall of windows.

Upon entry, be captivated by the vast and airy living room leading to separate entrances, guiding you gracefully to the chef's kitchen or the inviting dining area. The kitchen boasts an island and top-of-the-line appliances, seamlessly integrating with the expansive dining space. The master bedroom is a haven with an ensuite bathroom, built-in closets, and a walk-in wardrobe. The second bathroom is equally exquisite, featuring a rejuvenating steam shower.

Located within the esteemed historic Spears Condo, a residence within this coveted building is a rare gem. Enjoy the convenience of a doorman and indulge in the breathtaking views from the beautifully landscaped rooftop deck—an exclusive amenity offered by this prestigious address.

Situated at the epicenter of West Chelsea, this property is mere steps away from The High Line, Chelsea Piers, and Chelsea Market. Discover a neighborhood brimming with top-notch restaurants, vibrant nightlife, and iconic spots like the Empire Diner and Clement Clarke Moor Park—all just around the corner, promising an unparalleled living experience.

Last Agent to Rent the Property

Ugo Russino

Compass License #10401266425 Listed on: 11/29/2023

Compass

Co-Listed By

Nick Gavin

Compass License #40GA1149765

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $34,014

Year Built

  • Built in 1930

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 2,938 Sq Ft Home
  • High Ceiling
  • Chandelier
  • 1 Fireplace
  • Laundry in unit

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • 30 Units
  • Chelsea Subdivision
  • 6-Story Property

Listing and Financial Details

  • Property Available on 11/29/23
  • Tax Block 00694

Condo Details

Home Type

Condominium

Est. Annual Taxes

$34,014

Year Built

Built in 1930

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2023-11-29

Listing Details

  • Exposures: East,North,West
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Chelsea
  • Architectural Style: Loft
  • Entry Level: 4
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Interior Features: Chandelier, Granite Counters, High Ceilings
  • Appliances: Dishwasher, Gas Cooktop, Gas Oven
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Marble
  • Living Area: 2938.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Window Features: Double Pane Windows

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 3

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: In Unit, See Remarks
  • Cooling: No
  • Heating: No

Condo/Co-op/Association

  • Association: No
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 197.500000x98.750000

Building Info

  • New Construction: No
  • Units: 30
  • Total Stories: 6
  • Year Built: 1930

Tax Info

  • Tax Block: 00694
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2001
Sold by
Parker Julia D and Parker Julia Dupont
Bought by
Franke Katherine M
Current Estimated Value
$5,581,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$260,160
Interest Rate
7.13%
Estimated Equity
$4,895,999

Purchase Details

Closed on
Jul 8, 1999
Sold by
Heimbinder Isaac and Heimbinder Sheila
Bought by
Lipsitz Harriet and Lipstiz Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,000
Interest Rate
7.75%

Purchase Details

Closed on
Mar 31, 1997
Sold by
Chelsea Warehouse Associates Llc
Bought by
Heimbinder Isaac and Heimbinder Sheila M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.37%
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
Franke Katherine M $950,000 --
Lipsitz Harriet $1,018,500 --
Heimbinder Isaac $596,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franke Katherine M $700,000
Previous Owner Lipsitz Barry $100,000
Previous Owner Lipsitz Harriet $499,000
Previous Owner Heimbinder Isaac $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Rented $12,500 0.0% --
02/09/2024 02/09/24 Under Contract -- -- --
01/18/2024 01/18/24 Price Changed $12,500 -10.7% $4 / Sq Ft
11/29/2023 11/29/23 For Rent $14,000 -17.6% --
12/20/2022 12/20/22 Rented $17,000 0.0% --
10/20/2022 10/20/22 Price Changed $17,000 -12.8% $6 / Sq Ft
09/19/2022 09/19/22 Price Changed $19,500 -7.1% $7 / Sq Ft
08/28/2022 08/28/22 Price Changed $21,000 -12.5% $7 / Sq Ft
08/18/2022 08/18/22 For Rent $24,000 -- --
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 $34,014 $279,367 $68,049 $211,318
2024 $34,014 $272,067 $68,049 $204,018
2023 $33,111 $269,920 $68,049 $201,871
2022 $32,458 $265,952 $68,049 $197,903
2021 $31,246 $254,717 $68,049 $186,668
2020 $32,463 $282,118 $68,049 $214,069
2019 $31,266 $275,771 $68,049 $207,722
2018 $30,191 $262,967 $68,049 $194,918
2017 $29,487 $260,036 $68,049 $191,987
2016 $28,450 $254,842 $68,049 $186,793
2015 $14,913 $202,512 $68,049 $134,463
2014 $14,913 $193,626 $68,049 $125,577
Source: Public Records

Agents Affiliated with this Home

  • Ugo Russino

    Landlord's Agent in 2024

    Ugo Russino

    Compass

    (347) 701-9969

    3 in this area

    52 Total Sales

    Ugo Russino
    Section Image
  • Nick Gavin

    Landlord's Co-Listing Agent in 2024

    Nick Gavin

    Compass

    (646) 610-3055

    4 in this area

    111 Total Sales

    Nick Gavin
    Section Image
  • Mark Eidgah

    Seller's Agent in 2022

    Mark Eidgah

    R New York

    (516) 967-0204

    Mark Eidgah
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10955221

Real Estate Board of New York (REBNY)

APN: 0694-1022

New York New York County New York 10011 Chelsea

525 W 22nd St Unit 4F, New York, NY

This home is located at 525 W 22nd St Unit 4F, New York, NY 10011 since 29 November 2023 and is currently priced at $5,581,522. This property was built in 1930. 525 W 22nd St Unit 4F is a home located in New York County with nearby schools including P.S. 11 Sarah J. Garnet School, Clinton School, and Middle School 297.

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Real Estate Board of New York (REBNY) 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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