$259,000
Updated 12 years ago
Sold

408 West 25th Street, 5-FW

Chelsea, Manhattan | Tenth Ave & Ninth Ave

Studio 1 BathCo-op

$259,000
Maintenance$500

This property was sold for $250,000 on 05/19/14.

Building Amenities

  • Voice Intercom
  • Laundry Room

Policies

  • Pets Allowed

Property Description for 408 West 25th Street, 5-FW

***Photos and Floor Plan Coming Soon***

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.
Bring your contractor so they can transform this raw canvas into your next home. The building is very well maintained and comes with exceptional bones.
Keep in mind that income restrictions apply as this is an HDFC building. Maximum income for the primary resident and shareholder is capped at $46,800. Hence the extremely low maintenance charges - and extremely low price!
Parents buying for children is allowed. Gifting is allowed. Pets are allowed.
Pied a terre is not allowed. Sublets are not allowed. Corporate Ownership is not allowed.
Financing is available through Citibank for those who qualify. We worked for over a year to get approval for the building, so plan on financing with Citi for your purchase as every other lender we approached would not work with an HDFC building.
Contact us directly if you have any questions.
See you at the Open House!

Building Details for 408 West 25th Street

OwnershipCo-op
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Financing Allowed50%
Floors/Apts5/20
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.21 miles
23 St
0.39 miles
28 St
0.4 miles
14 St
0.49 miles
34 St-Penn Station
0.5 miles

Railroad

Penn StationLong Island Rail Road
0.43 miles

Citi Bike

W 25 St & 9 Ave
0.02 miles
W 26 St & 10 Ave
0.16 miles

Contact Agent

Contact Agent

John Jourden
Spire Group

Chelsea | Manhattan

Quick Profile

The row houses portray the world-class architecture of Greek Revival, Italianate and Georgian styles. The population is both ethnically and socially diverse, which is reflected in the restaurants and retail businesses in the neighborhood. 

Western Chelsea is the center of the NYC art world, where you will find more than 200 art galleries housed in rehabbed factories and warehouses, as well as in newly-constructed buildings.

While people of many different cultures call Chelsea home, it has been a mecca over the years for people in the LGBTQ community. One census reported that as many as 22% of its residents were gay couples. Eighth Avenue is a trendy area for LGBTQ-oriented dining and shopping. Although it no longer draws the LGBTQ population that it once did, Chelsea still has many popular alternative bars.  

Chelsea is primarily residential, consisting of a mixture of diverse complexes, low-rise apartment blocks, tenements, townhouses, renovated row houses, and luxury high-rises. 

Chelsea is an interesting and sought-after place to live, with unique clothing boutiques, restaurants, and delis representing cultures from around the world. In addition to its quirky establishments, Chelsea has fine dining restaurants and a vibrant, hip nightlife, which adds to its allure.

Chelsea is well-served by public transportation. At least six city bus routes traverse Chelsea. There are three NYC subway routes with stops on Seventh Avenue, three on Eighth Avenue, and two more on Sixth Avenue. The 34th Street - Hudson Yards Station opened in 2015 with its main entrance in Chelsea.  

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1290877