Updated 9 years ago
Sold
408 West 25th Street, 1-RE
Chelsea, Manhattan | Tenth Ave & Ninth Ave
3 Rooms1 Bed1 BathCo-op
$269,000
Maintenance$550
This property was sold for $255,000 on 11/20/17.
Listing Features
- Dressing Area
- High Ceilings [11']
Outdoor space and views
- South Exposure
Building Amenities
- Voice Intercom
- Laundry Room
Policies
- Pets Allowed
Property Description for 408 West 25th Street, 1-RE
Rare opportunity for an affordable apartment in Chelsea. Currently owned by the Oscar-nominated co-writer of the hit film Monster's Ball. Low price and low maintenance. 1st floor. Needs work.
IMPORTANT: 50% down payment required. This is an HDFC co-op with restrictions for income, resale and subletting. Total household income cannot exceed $54,000 per year at the time of purchase. The co-op does not require considerable liquid assets after closing. Must be your primary residence. Applicants cannot own other property. No investors or pieds a terre. Owner can sublet for two years after their first four years of ownership. They can then sublet for two years again after another four years. 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.
11 feet ceiling. Decorative fireplace. Hardwood floor. The small bedroom is currently configured as a dressing room. Bathroom upgrade required. In the back of the building so very quiet with some natural light (faces south).
This charming building has undergone improvements including new brick facade, stoop and front entrance, intercom, staircase and hallways. Pet friendly. Washer/dryer allowed.
The wonderful Chelsea Recreation Center is on the block (moderately priced gym, swimming pool and various other activities). Two supermarkets are a block away and a 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: 50% down payment required. This is an HDFC co-op with restrictions for income, resale and subletting. Total household income cannot exceed $54,000 per year at the time of purchase. The co-op does not require considerable liquid assets after closing. Must be your primary residence. Applicants cannot own other property. No investors or pieds a terre. Owner can sublet for two years after their first four years of ownership. They can then sublet for two years again after another four years. 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.
11 feet ceiling. Decorative fireplace. Hardwood floor. The small bedroom is currently configured as a dressing room. Bathroom upgrade required. In the back of the building so very quiet with some natural light (faces south).
This charming building has undergone improvements including new brick facade, stoop and front entrance, intercom, staircase and hallways. Pet friendly. Washer/dryer allowed.
The wonderful Chelsea Recreation Center is on the block (moderately priced gym, swimming pool and various other activities). Two supermarkets are a block away and a 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.
Listing History for 408 West 25th Street, 1-RE
Now
12/03/2017
$255,000
Sold and Closed by Neil Tilbury
Brown Harris Stevens Residential Sales LLC
12/03/2017
Contract Signed by Neil Tilbury
Brown Harris Stevens Residential Sales LLC
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
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
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: 1664076
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