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The Spears Building, 525 West 22nd Street, #3AF

$11,995,000 ($2,009 per ft2) | 5 beds, 4 baths | Approx. 5,971 ft2
Building Profile  | 
41 days on Market

Key Details

  • Listed: Sep 13, 2024
    Days on Market: 41
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: PT Doorman
Monthly Common Charges: $6,738
Monthly Real Estate Taxes: $5,448
Total Taxes & Fees: $12,186 ($2.04/ft2)
Est. Monthly Mortgage: $62,303
Total Est. Monthly Carrying Cost: $74,489 ($12.48/ft2)
Note: the above is based on a down payment of 20% ($2,399,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Unique Interior Features: The loft features exposed brick, brushed concrete, and large windows, along with central air conditioning and refinished hardwood floors. It also includes two wood-burning fireplaces and a principal suite with a walk-in closet, windowed dressing room, and ensuite bathroom.
  • Gourmet Kitchen and Pantry: The oversized chef’s kitchen is equipped with top-of-the-line stainless steel appliances. An enormous pantry room provides additional prep counter space and a wine fridge.
  • Versatile Spaces: The loft offers multiple versatile spaces including a semi-enclosed den area, a soundproofed recording studio, a windowed study, a laundry room, a flexible lounge or study space, and a media room/home theater.
  • Building Amenities and Location: The Spears Building offers amenities such as a doorman, a superintendent, a furnished roof-deck, storage units and bike storage. It is conveniently located in the heart of the West Chelsea Gallery District, close to The High Line Park, Hudson River Park and Hudson Yards.
  • Historic Building with Modern Conveniences: Constructed in 1880, the Spears Building was converted to a boutique condominium in 1996. It offers a part-time doorman, a furnished roof deck with river views, and storage units available for rent. The location is convenient to art galleries, restaurants, and cross-town bus service.
  • Spacious and Historic Loft: This expansive loft, nearly 6,000 square feet in size, is located in the historic Spears Building in West Chelsea. It boasts 5 bedrooms, 4 full bathrooms, high ceilings, original details, and three generous exposures.

Description

Presenting 525 West 22nd Street, 3AF, a rare combination loft spanning nearly 6,000 square feet in The Spears Building, one of West Chelsea’s original full-service condominium buildings. Combining two lofts to create the largest home in the building, Residence 3AF offers 5 true bedrooms, 4 full bathrooms, and multiple versatile spaces to customize as your own. High ceilings, original details, and three generous exposures - including views of The High Line - make this a unique opportunity for the buyer seeking volume, light, and character. The apartment highlights the rich industrial history of the building with exposed brick, brushed concrete and brick framed large windows, and high ceilings throughout.

Keen updates, such as central air conditioning and refinished hardwood floors, were completed without disrupting the high ceilings or marring the storied character. Through a proper foyer, and one of two entrances, the great room spans over 39 by 20 feet with a wood burning fireplace and sunny south exposure. The oversized chef’s kitchen features a white marble island, top-of-the-line stainless steel appliances, including a Viking range/oven and a double door Sub Zero fridge. Abutting the kitchen is an enormous pantry room with a wine fridge and additional prep counter space, in addition to significant built-in storage.

Adjacent to the kitchen you’ll find the three flexible spaces currently configured as a semi-enclosed den area, a soundproofed recording studio, and a windowed study. A grand 50-foot gallery leads to the second wing of the home, anchored by the massive, 30’ by 30’ living room with a second wood-burning fireplace and sunlit northern views across The High Line Park. There is also a separate entrance for this wing of the home.

On the northwest corner, the principal suite is oversized and includes both a walk-in closet and a windowed dressing room, ample space for the most expansive wardrobe. Past the vanity area, the ensuite bathroom includes dual sinks, a soaking tub and separate double-wide shower. Two additional bedrooms, each with a corresponding full bathroom and large closets, plus a large linen closet, flank the primary. The east wing has two additional true bedrooms, each with large closets, that share the fourth full bathroom.

The laundry room, a flexible lounge or study space, and a media room/home theater complete this wing of the loft. Building amenities include a doorman, a superintendent, a furnished roof-deck, storage units and bike storage. Located in the heart of the West Chelsea Gallery District, West 22nd Street is a serene block moments from The High Line Park, Hudson River Park and just a short distance to Hudson Yards. Taxes represent the amount after the NYC co-op/condo abatement. There is an assessment of $3,465/mo through March 2025.

Co-exclusive with SP Realty.

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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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