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The Spears Building, 525 West 22nd Street, #2B

$2,750,000 ($2,299 per ft2) | 2 beds, 2 baths | Approx. 1,196 ft2
Building Profile  | 
45 days on Market

Key Details

  • Listed: Sep 9, 2024
    Days on Market: 45
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: PT Doorman
Monthly Common Charges: $1,215
Monthly Real Estate Taxes: $1,219
Total Taxes & Fees: $2,434 ($2.04/ft2)
Est. Monthly Mortgage: $14,284
Total Est. Monthly Carrying Cost: $16,718 ($13.98/ft2)
Note: the above is based on a down payment of 20% ($550,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Modern and Historic Building: The building, constructed in 1893 and converted into a condominium in 1996, has been recently modernized with a new elevator, updated mechanicals, restored facade, and new roof. The building features high ceilings, consistent fenestration, and an entrance marquee.
  • Spacious and Bright Loft: The south-facing loft boasts high 11-foot ceilings, oversized windows, and abundant natural light. The large primary suite comes with a marble ensuite bathroom and there is additional office space.
  • Quality Interiors: The apartment features custom cabinetry throughout and top-of-the-line Bosch, Miele, and Asko kitchen appliances. It also includes an in-unit washer and dryer.
  • Security and Amenities: The building offers a part-time doorman for added security, a landscaped common roof deck, and a full-time building manager. The property also comes with a large storage bin.
  • Prime Location: This property is located in the highly sought-after Chelsea neighborhood, within close proximity to Hudson River Park, Chelsea Piers, Chelsea Market, galleries, restaurants, and shopping. The building also houses several art galleries and has good cross-town bus transportation available.
  • Affordable Charges: The property has low common charges and taxes, making it a cost-effective choice for potential buyers.

Description

RESIDENCE 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 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

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Apartment Amenities

  • City View
  • Washer/Dryer in apt.
  • Southern Exposures
Listing courtesy of Sothebys International Realty

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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