408 West 25th street, #3RW

Yes, 408 West 25th Street #3RW is a one bedroom. Yes, it’s beautifully renovated. Yes, it’s incredibly affordable with low maintenance and in Chelsea. The Catch? It is an HDFC property with VERY SPECIFIC QUALIFICATIONS.

On streeteasy/zillow, scroll to the bottom of the listing and click on "listing agent" to reach the Exclusive Agent representing the property for all questions and showing requests. The purchase of THIS UNIT requires CASH ONLY, NO FINANCING, and the HDFC coop requires: 1) a total household income not to exceed $54,000 per year, 2) purchaser/shareholder must use it as a primary residence (no pied a terre, no investors) 3) shareholder must be employed (no students or just graduating students) 3) no other property can be owned. 4) No co-purchasing but gifting is allowed 5) limited subletting for two years after 4 year periods. Is this you or someone you know? Then please read on because it’s worth it.... 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 cooperative.

Facing the back, 3RW 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 with board approval. The building entry, hallways and mailboxes 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 fit the qualifications for HDFC purchase and who appreciate high end finishes. Flip tax of $10,000 is paid by the seller.

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