Overview

$4,150,000

20% Min Down

448 W 25th St

448 West 25th Street, New York, NY 10001

Townhouse in Chelsea

22 Rooms | 1.19% Cap Rate

Listed Mar 19th, 2019
Sunny Chelsea 20-Footer with Owner's Duplex
Perfect Live-With-Income Opportunity

Located just a short walk from the High Line and Hudson Yards, this Chelsea multi-family townhouse is a unique find. Boasting twenty feet of width, it contains an owner's duplex with three gracious bedrooms and an amazing rear garden. The third and fourth stories host floor-through, free-market apartments. They are well-appointed and delightfully sunny.

During a 2017 renovation, the front facade and roof were replaced, and an extension was added to the parlour and garden floors. The owner's duplex was also completely refreshed with an open layout, new kitchen, and industrial architectural elements.

448 West 25th Street is rife with opportunity for those interested in living with income or single-family. There is potential to add more square footage onto the rear of the townhouse, and the price range is unbeatable for such a prime location.

Garden Floor:
A major highlight of the townhouse is the spectacular garden. It's a city oasis with a high privacy fence, two blooming trees, manicured flower beds, and stone surface. When it's finally time to come inside, a private staircase leads down into the sunken master bedroom of the owner's duplex. Bright and minimalist, the bedroom features large windows, custom closets, and a half bathroom.

Double doors open from the master bedroom to reveal the heart of the garden floor and showcase a restored stone wall and industrial-style staircase. Across from the stairs is a cozy den or home office, which is set-apart by a wall of glass and features a working fireplace and more custom shelving.

A long hallway containing five built-in closets leads past a laundry room and full bathroom, complete with double vanity and large walk-in shower. A third, nicely-sized bedroom is situated at the front of the garden floor. There is a discrete door within the room that leads to the townhouse's mechanicals, as well as a door that provides access to the street under the stoop.

Parlour Floor:
A tidy vestibule welcomes all residents home, and allows them to part ways either up the stairs to two apartments or into the owner's duplex. Once inside, the parlour floor embraces an open concept and creates the opportunity for every room to have a view of the rear garden. The front of the floor has two large windows and can be used as a bedroom or home office. It is separated from the kitchen by a glass wall. The kitchen itself makes an efficient use of space and features ceiling-height custom cabinets, a hidden pantry, a black granite countertop, and high-end appliances including a SubZero, gas range, and dishwasher.

A combined living room and dining room occupy the remainder of the floor, and take advantage of a rear extension with a wall of glass doors that open onto a terrace. Spacious and inviting, this space - both indoor and out - is ideal for entertaining. A centrally located full bathroom completes the floor.

Third and Fourth Floors:
The upper floors of the townhouse contain two sunny, floor-through apartments. Each apartment features a large living room with stone mantelpiece, central kitchen with modern appliances and pass-through counter, full bathroom with classic subway tile, and plenty of storage space. There are three spacious bedrooms in each apartment. One is located at the front of each floor and separated from the living room by lovely French doors. The other two are situated at the rear of the floor and each have a large window and closet.*SOME IMAGES HAVE BEEN RENDERED*

Features & Amenities

Unit Amenities

  • Laundry in Building
  • Dogs Allowed
  • Cats Allowed

Building Policies

    Learn more about 448 West 25th Street, New York, NY 10001

    Listed By

    Cathy Connolly

    Vandenberg -The Townhouse Experts

    (212) 769-2900 x219
    Dexter Guerrieri

    Townhouseexperts

    (212) 769-2900 x211

    History

    Date Event Price
    Oct 12, 2021 Price Drop $4,150,000
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    Jan 4, 2021 Relisted -
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    Jan 1, 2021 Off Market -
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    Nov 4, 2020 Price Drop $4,650,000
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    Jan 15, 2020 Listed by Vandenberg -the Townhouse Experts $4,995,000
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    Mar 19, 2019 Listed by Vandenberg -the Townhouse Experts $4,650,000
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    Property Analysis

    Price Estimate

    $4,191,500

    HopScore Market Price

    $4,150,000

    Current Asking Price

    +$41,500

    Difference from Asking

    Cap Rate Analysis

    Operating Profit

    $49,536
    /

    Purchase Price

    $4,150,000
    =

    Cap Rate

    1.19%
    **

    * Actual income may vary between $7,200 and $10,800 depending on unit-specific characteristics.

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

    Comparables

    Units for sale near 448 W 25th St

    Unit Br Ba ft² Closed Price
    Common Charges

    Units for rent near 448 W 25th St

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    Common Charges

    Building Info

    Building at 448 West 25th Street, New York, NY 10001

    448 West 25th Street

    448 West 25th Street, New York, NY 10001

    Built in 1900 | 3 Units | 3 Stories

    Want to find out who owns 448 West 25th Street, New York, NY 10001? Get detailed property transactions here.

    Neighborhood

    Stats & Trends

    $4,150,000

    Median Asking

    -

    Above Asking

    -

    Sale Price/ft²

    201

    Days on Market

    Transportation

    C

    E

    at 23rd St 0.30 mi | 7 min walk

    1

    at 28th St 0.49 mi | 12 min walk
    at 34th St - Hudson Yards 0.50 mi | 12 min walk

    A

    C

    E

    L

    at 14th St 0.53 mi | 13 min walk

    A

    C

    E

    at 34th St 0.54 mi | 13 min walk

    Schools

    School Type Grades Distance
    Ps 33 Chelsea Prep Elementary PK to 5 0.13 mi
    City Knoll Middle School Middle School 6 to 8 0.4 mi
    Quest to Learn High School 6 to 12 0.38 mi
    Landmark High School High School 9 to 12 0.38 mi
    New Explorations into Sciencetech and Math High School Other KG to 12 2.37 mi
    Bilingual Bicultural School (the) Elementary PK to 5 4.41 mi
    Tag Young Scholars Elementary KG to 8 4.41 mi
    Central Park East I Elementary PK to 5 4.2 mi
    Anderson School (the) Elementary KG to 8 2.59 mi
    James Baldwin School-a School for Expeditionary Lrning High School 9 to 12 0.38 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

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    Recent Transactions at 448 W 25th St

    Transaction history for 448 West 25th Street

    Unit Br Ba ft² Listed Listing Agent Asking
    HOA + Tax
    Closed Closing Buyer(s)
    Unit Stu 0 - Mar 19, 2019 Cathy Connolly
    Vandenberg -The Townhouse Experts
    $4,650,000
    $4,872/mo
    Oct 7, 2019
    201 Days
    $4,800,000
    +3.23%
    448 Holdings Llc
    Unit - - - - - - - Oct 6, 2004 $2,025,000 Glace Chou
    Cary Rosner
    Unit - - - - - - - Jun 30, 1999 - David Watson
    Unit - - - - - - - Jul 28, 1987 - West 25 St Assocs
    Unit - - - - - - - Jun 21, 1984 - 448 West 25th St Assoc
    Unit - - - - - - - May 2, 1974 - Stephen Mark Brown

    Apartments for Sale at 448 West 25th Street

    UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

    Apartments for Rent at 448 West 25th Street

    UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

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    Building at 448 West 25th Street, New York, NY 10001

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