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A blog from CityRealty (Links below will take you to the 6sqft site)

408 West 25th street, #3RW

$375,000 -11.3% | 1 bed, 1 bath
10 days on Market

Key Details

  • Listed Jan 11, 2021
    Last Price Change -11.3% ($30,000) on Jul 21
    Days on Market 10
    Building Type Cooperative
    Neighborhood Chelsea
  • Monthly Maintenance $550

Description

Check out that $550 maintenance and the unreal price. 408 West 25th Street #3RW is the unicorn. Come quickly to see this beautifully renovated and incredibly affordable one bedroom in Chelsea.

On streeteasy/zillow, scroll to the bottom of the listing and click on "seller's agent" to reach the Listing Agent representing the property. This is a CASH ONLY purchase NO FINANCING, no co-purchase, no investors. This is an HDFC building with income restrictions.

READ TO THE END FOR SPECIFIC PURCHASE REQUIREMENTS. The home is in mint condition with luxury finishes and clean, contemporary lines, including high ceilings, new hardwood floors and moldings, pocket doors, and windows in every room . 408 West 25th Street #3RW is only two flights up in a charming, pre-war, HDFC cooperative .

Facing the back, it is pin-drop quiet and very private. The new kitchen sparkles with granite counters, marble subway tile and stainless appliances, including a Bertazzoni stove and range hood, Liebherr refrigerator and stainless dishwasher. The living area is flanked by a built-in dining bar. The south-facing bedroom fits a king-sized bed, nightstands, dresser and even a desk.

The updated, windowed bathroom has Toto fixtures. The financially sound and well-run building is wired for cable and FIOS, is pet friendly, and allows washer dryers. The building entry, hallways and buzzer systems were just renovated at no additional cost to shareholders.

The neighborhood can't be beat - across from Citizen Cafe, Sullivan Street Bakery, a block from the HighLine and Chelsea's art galleries, Hudson Yards, Hudson River Park and a stone's throw from Whole Foods, Trader Joes and Fairway. 408 W. 25th Street #3RW offers an affordable alternative (with $550/month maintenance) for those who appreciate high end finishes.

This purchase requires CASH ONLY, NO FINANCING, and the HDFC coop requires a total household income not to exceed $54,000 per year at the time of purchase, use as a primary residence for a shareholder with income (no investors or pieds a terre) and no other property owned. Gifting is allowed as is limited subletting for two years after 4 year periods. Flip tax of $10,000 is paid by the seller.

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Apartment Amenities

  • Southern Exposures

Pricing History

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Estimated Monthly Cost

About 408 West 25th street

  • Co-op
  • Built in 1910
  • 20 Apartments
  • 5 Floors
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Subways

  1. C
  2. E
at 8th Ave and 25th 0.21 miles
  1. 1
at 7th Ave 0.39 miles
  1. A
  2. L
at 8th Ave and 16th 0.48 miles
About this Building

Other Apartments Available in this Building (2)

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Listing provided courtesy of The Corcoran Group
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