The Marais

The Marais is a condo located 520 West 23rd Street, in West Chelsea, New York. The building was first built in 2003 and is 21 years old. The lot that the building was built on is 123 feet wide and 99 feet long. The official lot area is listed as 12,125 square feet. The building itself is 8 feet wide and 10 feet long. In total, 520 West 23rd Street has a total floor area of 95,656 square feet. Of that, 91,431 square feet are used for residential purposes. About 4,225 square feet of the building are used for commercial purposes. There are a total of 110 units. Of those, 107 are residential units. There are 3 commercial units. 520 West 23rd Street has a total of 15 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 194 closings on record, of which we have matching data for 74 listings. In the past 3 years, a listing in this building will typically remain on the market for about 144 days Meaning, listings tend to sell at a median of $1,333 price per square foot. The transaction that took the longest to complete was unit 6C, listed on Jul 16, 2016 for $1,225,000. This particular unit ultimately sold 367 days later for $1,080,000. The most recent transaction was for unit 7C, which was first advertised on May 24, 2023, sold for $1,050,000 on Nov 27, 2023. Fun fact, the oldest transaction we have on record took place on Aug 13, 1969. See the full transaction history for The Marais below.

West Chelsea, where 520 West 23rd Street is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $845,500. For interested buyers, that means the building's median asking price is around 0.58% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,095,000. It is a 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $750,000. It is a 1 bedroom and 1 bathroom unit. A breakdown of active listings shows no studio, 2 one-bedroom, 1 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $775,000. Active units for sale at 520 West 23rd Street have a median count of 1 bedrooms and have a median count of 1 bathroom.