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The Spears Building, 525 West 22nd Street, #PHD

$9,450,000 ($2,350 per ft2) | 4 beds, 2 baths | Approx. 4,022 ft2
Building Profile  | 
197 days on Market

Key Details

  • Listed: May 8, 2024
    Days on Market: 197
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: PT Doorman
    Listing viewed 142 times
Monthly Common Charges: $5,669
Monthly Real Estate Taxes: $5,984
Total Taxes & Fees: $11,653 ($2.90/ft2)
Est. Monthly Mortgage: $50,145
Total Est. Monthly Carrying Cost: $61,798 ($15.36/ft2)
Note: the above is based on a down payment of 20% ($1,890,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Building Amenities: The sought-after Spears Building is a full-service condominium in Chelsea, offering a part-time doorman, concierge service, resident manager, bicycle room, and common areas. The building is pet-friendly and features a unique entrance marquee and a half-story limestone base.
  • Location: The building is ideally located near the Hudson River and The High Line, surrounded by art galleries, shopping, dining, and recreation options. It's also close to the Whitney Museum, Chelsea Market, and Hudson Yards, with good cross-town bus transportation available.
  • Additional Features: The penthouse includes an in-unit washer and dryer, and the building boasts high ceilings and consistent fenestration.
  • Penthouse Features: This spacious 4-bedroom, 2-bathroom penthouse offers 4,022 square feet of living space, high 13-foot ceilings, polished concrete floors, oversized windows, a wood-burning fireplace, and a skylight in the great room. The windowed pass-through kitchen features a skylight, butcher-block countertops, and stainless-steel appliances.
  • Outdoor Space: The penthouse boasts a private 2,500-square-foot rooftop terrace with unimpeded city views, perfect for entertaining or relaxing.
  • Bedroom Details: The large corner primary bedroom comes with an en suite bathroom and six floor-to-ceiling custom closets. Additional bedrooms offer excellent closet space, skylights, and clerestory windows.

Description

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.

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Apartment Amenities

  • Terrace
Listing courtesy of Compass

Pricing History

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About The Spears Building, 525 West 22nd Street

59

The Spears Building, 525 West 22nd Street has received a CityRealty Rating of 59, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

18
Out of 44
+
22
Out of 36
+
11
Out of 39
+
8
=
59
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Exposed 0 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 50 blocks 1 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
None 0 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • PT Doorman
  • Intercom
  • Rooftop Terrace
  • Elevator

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Pros
  • Prime location in art gallery district in Chelsea
  • Close to Chelsea Piers
  • Consistent fenestration
  • High ceilings
  • Entrance marquee
  • Convenient to many restaurants and galleries
  • Good cross-town bus transportation
Cons
  • No garage
  • Exposed rooftop water tanks
  • No balconies
  • No sidewalk landscaping
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Subways

  1. C
  2. E
at 8th Ave and 25th 0.42 miles

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