The Spears Building

The Spears Building is a condo located 525 West 22nd Street, in West Chelsea, New York. The building was first built in 1930 and is 94 years old. It was first renovated and altered in 1997. But was most recently renovated and altered in 1997. The lot that the building was built on is 198 feet wide and 99 feet long. The official lot area is listed as 19,503 square feet. In total, 525 West 22nd Street has a total floor area of 88,671 square feet. Of that, 72,261 square feet are used for residential purposes. About 16,410 square feet of the building are used for commercial purposes. There are a total of 34 units. Of those, 30 are residential units. There are 4 commercial units. 525 West 22nd Street has a total of 6 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? 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! 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 103 closings on record, of which we have matching data for 15 listings. In the past 3 years, a listing in this building will typically remain on the market for about 132 days Meaning, listings tend to sell at a median of $1,792 price per square foot. The transaction that took the longest to complete was unit PHF, listed on May 27, 2017 for $5,950,000. This particular unit ultimately sold 228 days later for $4,950,000. The most recent transaction was for unit PHC, sold for $5,900,000 on Nov 28, 2023. Fun fact, the oldest transaction we have on record took place on Mar 06, 1997. See the full transaction history for The Spears Building below.

West Chelsea, where 525 West 22nd 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 $3,125,000. For interested buyers, that means the building's median asking price is around 3.17% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $4,350,000. It is a 2,956 sqft 2-bedroom and 2-bathroom unit.