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40 West 17th Street, #3B

$2,750,000 ($1,146 per ft2) -8.3% | 3 beds, 2 baths | Approx. 2,400 ft2
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22 days on Market

Key Details

  • Listed: Apr 17, 2024
    Last Price Change: -8.3% ($250,000) on Apr 29
    Days on Market: 22
    Building Type: Cooperative
    Neighborhood: Chelsea (Manhattan)
Monthly Maintenance: $3,783 ($1.58/ft2)
Est. Monthly Mortgage: $14,993
Total Est. Monthly Carrying Cost: $18,776 ($7.82/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

  • Prime Location: This pre-war co-op loft is located in the heart of the Flatiron District, a prime location in Manhattan. It's in close proximity to Union Square, Chelsea, Greenwich Village, West Village, and Gramercy, with easy access to all subway lines and swift transportation connections to neighboring boroughs and the NJ Path Train.
  • Spacious and Versatile Layout: The loft is spacious with approximately 2,400 square feet of space, featuring high ceilings and hardwood floors. It has a versatile layout with 2/3 bedrooms, 2 bathrooms, an additional home office/den, and an open kitchen.
  • Convenient and Secure: The unit comes with an in-unit washer/dryer for convenience, central AC, and an elevator in the building. For added security, the building offers keyed elevator access and a video intercom system.
  • Exclusive and Well-Maintained Building: The building is well-maintained with only 2 apartments per floor, ensuring privacy and exclusivity. Built in 1910 and converted in 1981, the building has a rich history and character.
  • Family and Pet-Friendly: The building is in close proximity to The Sixth Avenue Elementary School (The Foundling) and numerous private and public schools, making it ideal for families. It also offers a pet-friendly atmosphere.
  • Investment Opportunity: The property currently has a tenant in place paying $9,975 per month until February 1st, 2025, offering an immediate income stream for potential investors. The building also has a liberal sublet policy.

Description

*** TENANT IN PLACE UNTIL FEBRUARY 1ST 2025 PAYING $9,975/mo *** Welcome to the heart of the Flatiron District, where luxury meets convenience in this stunning pre-war co-op loft. Boasting 2/3 bedrooms, 2 bathrooms, and an additional versatile home office/den, this residence currently configured as a 2-bedroom unit with an interior home office/guest room can easily be transformed into a 3-bedroom haven. Spanning approximately 2,400 square feet, tranquility reigns supreme in this pin-drop quiet abode, flooded with exceptional southern light that dances across the lofty ceilings and hardwood floors.

An open kitchen and convenient in-unit washer/dryer complete the package. Situated in the historic Ladies Mile District, just a stone’s throw away from Union Square, and within minutes of Chelsea, Greenwich Village, West Village, and Gramercy, this location offers unparalleled access to all Manhattan has to offer. With proximity to all subway lines and swift transportation connections to neighboring boroughs and even the NJ Path Train, commuting is a breeze. This impeccably maintained co-operative building features 12 floors with only 2 apartments per floor, ensuring privacy and exclusivity. Enjoy the convenience of keyed elevator access and a video intercom system, all while embracing the pet-friendly atmosphere.

Additionally, educational opportunities abound with The Sixth Avenue Elementary School (The Foundling) conveniently located right on the corner, alongside numerous private and public schools within walking distance, catering to every age group. Currently, there is a tenant in place paying $9,975 per month until February 1st, 2025, offering an immediate income stream for potential investors. Pets welcomed and liberal sublet policy. With all these features and a prime location, this property presents an exceptional investment opportunity. Don’t miss out on this chance to own a piece of Manhattan loft living at its finest!

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Listing courtesy of Compass

Pricing History

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About 40 West 17th Street

66

40 West 17th Street has received a CityRealty Rating of 66, 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

21
Out of 44
+
26
Out of 36
+
11
Out of 39
+
8
=
66
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 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 10 blocks 5 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:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 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:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 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:
2 4 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:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1981
  • Central AC
  • Elevator
  • In-Unit Washer/Dryer

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Pros
  • Very handsome loft building
  • Pet friendly
  • Good Chelsea location
  • Pre-war
  • Close to Subway
Cons
  • No roof deck
  • No doorman
  • No balconies
  • No garage
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Subways

  1. M
  2. 1
  3. 2
  4. 3
  5. F
  6. L
at 6th Ave and 16th 0.10 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. 6
at Broadway and 16th 0.28 miles
  1. A
  2. C
  3. E
at 8th Ave and 16th 0.41 miles

Pricing comparison

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