$282,000
●
Co-op -
Off Market
408 W 25TH ST #4RW
Manhattan, NY 10001
Studio
1 Bath
$1,935
Estimated Monthly
13.62%
Cap Rate
About This Property
PRICE REDUCTION! ALL CASH ONLY. Rare opportunity for an affordable
apartment in Chelsea. Low price and low maintenance. Quiet and
sunny.
IMPORTANT: This is an HDFC co-op with restrictions for income, resale and subletting. Total household income cannot exceed $50,000 per year at the time of purchase. The co-op does not require considerable liquid assets after closing. Gifting is allowed. Must be your primary residence. No investors or pieds 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. Note that similar market rate apartments sell for much more and require considerable liquid assets after closing.
Decorative fireplace. Exposed brick. Hardwood floor. High ceilings. Nice renovated bathroom with window. Washer/dryers are allowed in the apartment. Open eat in kitchen needs stove and fridge. Move in condition ready for your personal touch with great potential. Fourth floor of a walk-up (three flights up). In the back of the building so very quiet with great natural light (faces south). This charming building has undergone improvements (including new front entrance, intercom, staircase and hallways) with more planned (including the facade, a new laundry room, new mailboxes and possible backyard). Pet friendly.
Chelsea Recreation Center is on the block (gym, swimming pool and various other activities). Supermarket, pharmacy, post office and numerous other conveniences are also right on your doorstep. Trader Joe's, Whole Foods, Fairway and Chelsea Market are all within walking distance. Steps to C and E subway, The Highline, Hudson River Park, Chelsea Piers sports complex, the thriving art gallery scene, restaurants and nightlife.
IMPORTANT: This is an HDFC co-op with restrictions for income, resale and subletting. Total household income cannot exceed $50,000 per year at the time of purchase. The co-op does not require considerable liquid assets after closing. Gifting is allowed. Must be your primary residence. No investors or pieds 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. Note that similar market rate apartments sell for much more and require considerable liquid assets after closing.
Decorative fireplace. Exposed brick. Hardwood floor. High ceilings. Nice renovated bathroom with window. Washer/dryers are allowed in the apartment. Open eat in kitchen needs stove and fridge. Move in condition ready for your personal touch with great potential. Fourth floor of a walk-up (three flights up). In the back of the building so very quiet with great natural light (faces south). This charming building has undergone improvements (including new front entrance, intercom, staircase and hallways) with more planned (including the facade, a new laundry room, new mailboxes and possible backyard). Pet friendly.
Chelsea Recreation Center is on the block (gym, swimming pool and various other activities). Supermarket, pharmacy, post office and numerous other conveniences are also right on your doorstep. Trader Joe's, Whole Foods, Fairway and Chelsea Market are all within walking distance. Steps to C and E subway, The Highline, Hudson River Park, Chelsea Piers sports complex, the thriving art gallery scene, restaurants and nightlife.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Co-op
Property Taxes
-
HOA Dues
$550
Year Built
1910
Last updated: 4 months ago ( #RPLU-6329684784)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 4, 2015 | Sold to Anthony P Martinez | $275,000 | |
Sold to Anthony P Martinez | |||
Oct 8, 2014 | Listed by Halstead dba Brown Harris Stevens Residential Sales LLC | $282,000 | |
Listed by Halstead dba Brown Harris Stevens Residential Sales LLC | |||
Feb 17, 2014 | Listed by Spire Group Inc. | $299,000 | |
Listed by Spire Group Inc. | |||
|
|||
***Open House By Appointment Only***
***Prospective Buyers MUST email 24-Hours in advance requesting a
time for Sunday OH***
***Brokers You Must Register Your Clients 24-Hours in
advance***
Just when you think you've seen it all. Along comes this
undiscovered gem right in the heart of Chelsea. After 25-years, the
owners are finally allowed to sell these fantastic apartments. The
question you have to ask, is whether or not you will take advantage
of this once in a lifetime opportunity.…
|
Property Highlights
Interior Details
Room Information
Rooms: 2
Exterior Details
Property Information
Property Condition: Fair
PropertySubType: Apartment
Building Information
Building Name: null
Stories (Total): 5
Financial Details
Tax Deduction Percent: 26
Location Details
Association Fee: $550
Pets Allowed: Unit Yes, Building Yes
Other Details
Coexclusive: No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Co-op
1
Bed
1
Bath
-
$269,000
May 10, 2017
$269,000
Nov 28, 2017
$550/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/19/2022
|
Studio
|
1 Bath
|
-
|
$350,000
Studio
1 Bath
|
$426,500
+21.86%
01/17/2023
|
Joshua Rubin
Douglas Elliman Real Estate
|
||
07/08/2021
|
1 Bed
|
2 Bath
|
-
|
$299,000
1 Bed
2 Bath
|
$299,000
11/01/2021
|
Vanessa Villanova
Corcoran Group
|
||
09/15/2020
|
Studio
|
1 Bath
|
-
|
$360,000
Studio
1 Bath
|
$294,000
-18.33%
08/04/2014
|
-
|
Elizabeth Butler
Compass
|
|
01/16/2020
|
1 Bed
|
1 Bath
|
-
|
$450,000
1 Bed
1 Bath
|
$365,000
-18.89%
10/25/2021
|
-
|
Pamela Wolfe
The Corcoran Group
|
|
05/10/2017
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
$269,000
11/28/2017
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|
|
01/05/2017
|
Studio
|
1 Bath
|
-
|
$299,000
Studio
1 Bath
|
$265,000
-11.37%
08/19/2019
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|
|
05/16/2016
|
Studio
|
1 Bath
|
-
|
$289,000
Studio
1 Bath
|
$289,000
10/31/2016
|
Neil Tilbury
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
01/06/2015
|
Studio
|
1 Bath
|
-
|
$280,000
Studio
1 Bath
|
$280,000
11/02/2015
|
Neil Tilbury
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
10/08/2014
|
Studio
|
1 Bath
|
-
|
$282,000
Studio
1 Bath
|
-
05/04/2015
|
Neil Tilbury
Halstead dba Brown Harris Stevens Residential Sales LLC
|
||
08/21/2014
|
1 Bed
|
1 Bath
|
-
|
$259,000
1 Bed
1 Bath
|
$259,000
02/05/2021
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|
|
02/17/2014
|
Studio
|
1 Bath
|
-
|
$299,000
Studio
1 Bath
|
-
-
|
-
|
John Jourden
Spire Group Inc
|
|
02/17/2014
|
Studio
|
1 Bath
|
-
|
$259,000
Studio
1 Bath
|
-
12/08/2014
|
John Jourden
Spire Group Inc.
|
||
01/21/2014
|
Studio
|
1 Bath
|
450 ft²
|
$249,000
Studio
1 Bath
450 ft²
|
$225,000
-9.64%
11/17/2014
|
Bruce Solomon
Elliman
|
||
10/17/2013
|
1 Bed
|
1 Bath
|
-
|
$299,000
1 Bed
1 Bath
|
$319,000
+6.69%
04/14/2014
|
Lawrence Schier
Corcoran Group
|
||
06/28/2013
|
Studio
|
1 Bath
|
-
|
$294,000
Studio
1 Bath
|
$294,000
08/04/2014
|
-
|
Neil Tilbury
Brown Harris Stevens Residential Sales LLC
|