Overview

$360,000

50% Min Down

408 W 25th St #2RW

408 West 25th Street, New York, NY 10001

Co-Op in Chelsea

Studio | 1 Bath | 8.67% Cap Rate

Listed Sep 15th, 2020
Welcome to this delightful two-room studio in Chelsea, a true refuge from the bustling city. This stylish home has been featured in Apartment Therapy and it's easy to see why; It's spacious, inviting, and intuitive. The 9.5-foot ceilings create a sense of air and light, while the windowed eat-in kitchen is thoughtfully laid out with sleek granite countertops, plenty of cabinetry and prep space. It's perfect for those who love to cook and entertain. The windowed bathroom has been recently renovated and boasts elegant stone tiles and modern fixtures. The extra-large dressing area and walk-in closet offers an abundance of storage. The completely separate sleeping and entertaining area are well suited to a queen-size bed and full seating arrangement. You'll love the sunny southern exposure and consistent light throughout the day, as well as the privacy and solitude. Exposed brick, Brazilian cherry wood floors, and recessed lighting complete the chic urban aesthetic. Located on the second floor of an immaculately maintained walk-up, this charming home boasts extremely low maintenance of $550 per month. The building is pet-friendly and a washer & dryer are permitted. This is your dream opportunity to OWN a fabulous home in the heart of Chelsea...at an unbeatable price! PLEASE NOTE: This HDFC co-op has income resale and subletting restrictions. - Total household income cannot exceed $54,000 per year at the time of purchase - 50% down payment required. - The co-op does not require considerable liquid assets after closing. - Gifting is allowed. Must be your primary residence. -Applicants cannot own other real estate. - No investors or pied a terre. - Owner can sublet for two years out of every five years after their first three years of ownership. - Short term sublets are not allowed. - $10,000 flip tax for future resale. ADDITIONAL INFO: The C and E subway are one block away. Trader Joe's, Whole Foods, Fairway, Chelsea Market are all a short distance. In close proximity are The Highline, Hudson River Park, Chelsea Piers sports complex, the gallery district, restaurants, and nightlife.

Features & Amenities

Unit Amenities

  • HDFC
  • Dogs Allowed
  • Cats Allowed
  • Window Air Conditioning
  • Exposure: South West

Building Amenities

  • HDFC
  • Window Air Conditioning
  • Exclusive
  • Direct Feed
  • Dogs Allowed
  • Cats Allowed
  • Elevator
  • Laundry in Unit

Building Policies

  • Cats Allowed
  • Dogs Allowed
Learn more about 408 West 25th Street, New York, NY 10001

Listed By

Christine Barranca Profile Picture
Christine Barranca

Compass

(917) 848-0988
Ella DeSosa Butler Profile Picture
Ella DeSosa Butler

Compass

(212) 913-9058
Cody James

Compass

(479) 841-4945

History

Date Event Price
Oct 12, 2021 Contract Pending -
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Aug 3, 2021 Back on Market -
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Jul 16, 2021 Contract Pending -
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Mar 2, 2021 Listed by Compass $360,000
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Mar 1, 2021 Off Market -
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Oct 19, 2020 Price Drop $375,000
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May 12, 2017 Relisted by Halstead Property, Llc $294,000
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Aug 4, 2014 Sold by Halstead Property, Llc $294,000
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May 10, 2014 Price Drop $299,000
ListingHistoryRow::__set_state(array( 'event_date' => '2014-05-10', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$299,000', 'orig_value' => '329000', 'listing_id' => '4606813', 'unit' => '2RW', 'building_id' => NULL, 'street_address' => '408 W 25th St', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '1', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/408-w-25th-st/2rw/4606813', 'diff_amount' => '-$30,000', 'diff_pct' => -9.1185410334346457, 'orig_diff_rows' => array ( 0 => array ( 'id' => '4606813', 'listing_id' => '4606813', 'created' => '2021-08-10 18:29:16', 'value_date' => '2014-05-10 00:34:59', 'key' => 'price', 'orig_value' => '329000', 'new_value' => '299000', 'unit' => '2RW', 'street_address' => '408 W 25th St', 'contact_firm' => 'Halstead Property, LLC', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '1', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Halstead Property, Llc', ))
Mar 14, 2014 Price Drop $329,000
ListingHistoryRow::__set_state(array( 'event_date' => '2014-03-14', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$329,000', 'orig_value' => '339000', 'listing_id' => '4606813', 'unit' => '2RW', 'building_id' => NULL, 'street_address' => '408 W 25th St', 'citystate' => NULL, 'bedrooms' => '0', 'bathrooms' => '1', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/408-w-25th-st/2rw/4606813', 'diff_amount' => '-$10,000', 'diff_pct' => -2.9498525073746285, 'orig_diff_rows' => array ( 0 => array ( 'id' => '4606813', 'listing_id' => '4606813', 'created' => '2021-08-10 18:29:16', 'value_date' => '2014-03-14 22:24:39', 'key' => 'price', 'orig_value' => '339000', 'new_value' => '329000', 'unit' => '2RW', 'street_address' => '408 W 25th St', 'contact_firm' => 'Halstead Property, LLC', 'email' => '[email protected]', 'bedrooms' => '0', 'bathrooms' => '1', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Halstead Property, Llc', ))
Nov 23, 2013 Relisted by Halstead Property, Llc $339,000
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Aug 27, 2013 Contract Pending -
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Aug 8, 2013 Price Drop $349,000
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Jul 4, 2013 Listed by Halstead Property, Llc $359,000
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Jun 28, 2013 Listed by Halstead Property, Llc $294,000
ListingHistoryRow::__set_state(array( 'event_date' => '2013-06-28', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$294,000', 'orig_value' => NULL, 'listing_id' => '4606813', 'unit' => '2RW', 'building_id' => NULL, 'street_address' => '408 W 25th St', 'citystate' => 'New York City, NY', 'bedrooms' => '0', 'bathrooms' => '1', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/408-w-25th-st-new-york-city-ny/2rw/4606813', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => 'Halstead Property, Llc', ))

Property Analysis

Price Estimate

$363,600

HopScore Market Price

$360,000

Current Asking Price

+$3,600

Difference from Asking

Cap Rate Analysis

Operating Profit

$31,200
/

Purchase Price

$360,000
=

Cap Rate

8.67%
**

* Actual income may vary between $2,520 and $3,780 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 408 W 25th St

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 408 W 25th St

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Building at 408 West 25th Street, New York, NY 10001

408 West 25th Street

408 West 25th Street, New York, NY 10001

Built in 1910 | 20 Units | 5 Stories

Want to find out who owns 408 West 25th Street, New York, NY 10001? Get detailed property transactions here.

Neighborhood

Stats & Trends

$280,000

Median Asking

-

Above Asking

$553

Sale Price/ft²

292

Days on Market

Transportation

C

E

at 23rd St 0.21 mi | 5 min walk

1

at 28th St 0.40 mi | 10 min walk

A

C

E

L

at 14th St 0.49 mi | 12 min walk

A

C

E

at 34th St 0.50 mi | 12 min walk
at 34th St - Hudson Yards 0.55 mi | 13 min walk

Schools

School Type Grades Distance
Ps 33 Chelsea Prep Elementary PK to 5 0.09 mi
Nyc Lab Ms for Collaborative Studies Middle School 6 to 8 0.39 mi
Quest to Learn High School 6 to 12 0.34 mi
Landmark High School High School 9 to 12 0.34 mi
New Explorations into Sciencetech and Math High School Other KG to 12 2.29 mi
Bilingual Bicultural School (the) Elementary PK to 5 4.39 mi
Tag Young Scholars Elementary KG to 8 4.38 mi
Central Park East I Elementary PK to 5 4.18 mi
Anderson School (the) Elementary KG to 8 2.59 mi
James Baldwin School-a School for Expeditionary Lrning High School 9 to 12 0.34 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$1,587

Per Month
When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.

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Recent Transactions at 408 W 25th St

Transaction history for 408 West 25th Street

Unit Br Ba ft² Listed Listing Agent Asking
Common Charges
Closed Closing Buyer(s)
Unit 4RE - - - - - - Aug 12, 2019 $265,000 Anthony P Martinez
Unit 2RE 1 1 - Aug 8, 2018 Nadia Moruz-Stromberg
BOND New York
$250,000
$550/mo
Jun 11, 2019
306 Days
$300,000
+20.00%
Jaclyn Lockwood
Unit 2FW Stu 1 - May 16, 2016 Neil Tilbury Tony Von Meyers
Halstead Property, LLC
$289,000
$550/mo
Oct 31, 2016
167 Days
$289,000 Johnny M Ryoo
Unit 4FW Stu 1 - Jan 6, 2015 Neil Tilbury Tony Von Meyers
Halstead Property, LLC
$280,000
$550/mo
Nov 2, 2015
299 Days
$280,000 Michael Haas
Unit 4RW Stu 1 - Oct 8, 2014 Neil Tilbury Tony Von Meyers
Halstead Property, LLC
$282,000
$550/mo
May 4, 2015
207 Days
$275,000
-2.48%
Anthony P Martinez
Unit 3RE Stu 1 - Feb 18, 2014 John Jourden
Spire Group Inc.
$259,000
$500/mo
Dec 8, 2014
292 Days
$259,000 Louis Cholden Brown
Unit 3RW Stu 1 450 Jan 21, 2014 Bruce Wayne Solomon
Elliman
$249,000
$500/mo
Nov 17, 2014
299 Days
$225,000
-9.64%
Josh W Howatt
Unit 2RW - - - - - - Aug 4, 2014 $294,000 Sabrina Banta
Unit 5FW - - - - - - May 19, 2014 $250,000 James H Weichert
Unit 4FE 1 1 - Oct 17, 2013 Rusty Breedlove
The Corcoran Group
$299,000
$500/mo
Apr 14, 2014
178 Days
$319,000
+6.69%
Yves J Beauvais
Unit 2FW - - - - - - Aug 11, 2006 $80,000 Kevin Kajetzke
Unit 2FE - - - - - - Jun 29, 2005 $1,000 Kevin Kajetzke
Unit - - - - - - - Jul 23, 1987 - New Era Housing Etal
Unit - - - - - - - May 25, 1978 - City Of New York
Unit - - - - - - - Apr 1, 1970 - Bernard Gelberg
Marilyn Gelberg
Martin E Gublin
Irving Schlussel
Leonard Schlussel
Unit - - - - - - - Dec 18, 1969 - Lawrence B Karter
Unit - - - - - - - Dec 18, 1969 - Janice Equities Corp

Apartments for Sale at 408 West 25th Street

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Apartments for Rent at 408 West 25th Street

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Building at 408 West 25th Street, New York, NY 10001

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