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The Spears Building, 525 West 22nd Street, #5F

$4,600,000 ($1,533 per ft2) -12.4% | 2 beds, 2 baths | Approx. 3,000 ft2
73 days on Market

Key Details

  • Listed: Sep 27, 2022
    Last Price Change: -7.9% ($395,000) on Dec 5
    Days on Market: 73
    Building Type: Condominium
    Neighborhood: Chelsea (Manhattan)
    Doorman: PT Doorman
    Listing viewed 113 times
Monthly Common Charges: $4,500
Monthly Real Estate Taxes: $2,600
Total Taxes & Fees: $7,100 ($2.37/ft2)
Est. Monthly Mortgage: $23,527
Total Est. Monthly Carrying Cost: $30,627 ($10.21/ft2)
Note: the above is based on a down payment of 20% ($920,000), which is the minimum amount permitted by the building.

Description


Reduced $600,000 from original asking price......WOW!
This approx. 3000’ loft is in the coveted Spears Building Condominium. The building is perfectly situated in the heart of West Chelsea, less than a block to the High Line, close to Chelsea Piers, Little Island, Hudson River Park, Hudson Yards, Meatpacking District, Chelsea Market and surrounded by a multitude of Galleries.
Configured as a 2 bedroom, 2 bath home it has 12’ beamed ceilings, a huge Living/Dining room with WBFP and a large eat in Kitchen with an adjoining den.

The original renovation took 2 years and was impeccably done by Joe Ginsberg, a custom designer for commercial and residential interiors. Although it requires a bit of sprucing up, the bones are outstanding.
The floors are cement, walls are venetian plaster and exposed brick. The high ceilings are the original exposed wood.

A wall of windows facing north, line the great room. There is custom metal work throughout. The 2 baths are unique and creative.
This is not a white box space but a fabulous home waiting for its next owner.
The Spears Building was originally built in 1893 as a commercial manufacturing building.

It was converted to a condominium in 1996. There are 30 loft spaces in this 6 story building.
Doorman is on from 8 AM to Midnight. There is a beautifully landscaped common roof deck.
The pictures showing furnishings are VIRTUALLY STAGED.

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Listing Agent (Seller's Representative)

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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Listing provided courtesy of The Corcoran Group