Gilsey House, 1200 Broadway - Chelsea
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The Gilsey House at 1200 Broadway stands as one of New York City's most impressive Second Empire cast-iron buildings. Designed by Stephen Decatur Hatch for Peter Gilsey and constructed between 1869-1871, the building features a distinctive Second Empire Baroque style façade by Daniel D. Badger, complete with mansard roof, ornate details, and a clock supported by mermaid figures. When it opened as a hotel in 1872, its 300 rooms were adorned with rosewood and walnut finishes, marble fireplaces, and bronze-gilt chandeliers. The hotel's silver dollar bar became a worldwide destination, attracting notable guests including Mark Twain, Oscar Wilde, and Diamond Jim Brady.
The building's history reflects the evolution of its neighborhood, transitioning from a luxury hotel to loft space in 1911 as the area became part of the Garment Center. In 1980, it was converted into a 40-unit residential cooperative. The building underwent various restorations, including façade work in 2023, preserving its architectural significance while adapting to modern use. The Gilsey House was designated a New York City Landmark in 1979.
Now situated in Manhattan's NoMad district, the eight-story building maintains its historic character while offering contemporary amenities including a full-time superintendent, porters, keyed elevators, bike storage, and laundry facilities. The location provides easy access to Madison Square Park, numerous hotels, restaurants, and shopping options, with convenient proximity to multiple subway lines.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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