245 West 18th Street

Townhouse located in Chelsea, between Seventh Avenue & Eighth Avenue

$12,495,000 ($2,142 per ft²) | 2 beds, 2 baths | Approx. 5,834 ft²

14 days on Market

Townhouse Facts

Year Built: 1915

Minimum Down: 20%

Total Floors: 2

Listed: Sep 6, 2024

Last Price Change: ($1,000,000) on Sep 9

Days on Market: 14

Building Type: Townhouse

Neighborhood: Chelsea (Manhattan)

Listing viewed 239 times

Monthly Real Estate Taxes: $7,038

Total Taxes & Fees: $7,038 ($1.21/ft²)

Est. Monthly Mortgage: $61,352

Total Est. Monthly Carrying Cost: $68,390 ($11.72/ft²)

Note: the above is based on a down payment of 20% ($2,499,000), which is the minimum amount permitted by the building.

Insider Highlights

Prime Location: This spacious 2-story townhouse is located in the highly desirable Chelsea neighborhood, offering a touch of historical charm as it was built in 1915.
Versatile Space: The property boasts approximately 5,834 square feet of interior space, an additional basement, and approximately 18,235 square feet of additional development rights, offering the opportunity to convert the existing building into a one-of-a-kind mansion, high-end luxury rentals, condominiums, flagship office space, and more.
Unique Features: The townhouse features a ground floor open creative studio with two bathrooms, kitchen, and a parking spot, a second floor residential unit designed by Deborah Berke, and a 32-by-21-foot great room with a skylight and two walls of built-in shelves.
Quality Finishes: The open kitchen is finished with dark soapstone countertops and painted birch cabinetry, and the property boasts reclaimed Douglas Fir floors and beamed ceilings.
Outdoor Amenities: The property offers a large private landscaped garden and roof deck, as well as a pre-war building with rooftop terrace and on-site parking.
Convenient Parking: The property offers a curb cut and indoor parking, adding to its convenience and appeal.

Description

Located on the north side of 18th Street between Seventh and Eighth Avenues, 245 West 18th Street is a 45.5’ wide, 2-story tall building consisting of approximately 5,834 square feet of interior space (plus an additional basement) and approximately 18,235 square feet of additional development rights. Offering a curb cut and indoor parking, this is an incredible live/work or development opportunity on a prime Chelsea block. Built in 1915 and formerly the Chelsea Day School, 245 West 18th Street is currently configured as a ground floor open creative studio with two bathrooms, kitchen, and a parking spot.

The second floor is a 1,826 sf two-bedroom, one-bathroom residential unit designed by Deborah Berke. A 32-by-21-foot great room with a skylight features two walls of built-in shelves, flanked by two bedrooms. The open kitchen features dark soapstone countertops and painted birch cabinetry with reclaimed Douglas Fir floors and beamed ceilings.

This level opens onto a large private landscaped garden and roof deck. 245 West 18th Street offers an end-user the extremely rare opportunity to convert the existing building with sprawling footprint into a one-of-a-kind mansion, or allows a developer the opportunity to convert the building to high-end luxury rentals, condominiums, flagship office space and more, all in one of the most coveted neighborhoods and on one of the most desirable streets in New York City.