245 West 18th Street

Building For Sale  • 
Chelsea
Web ID # 1257596 RLS

$ 14,995,000

5,834 ft2  
Tax (Monthly): $6,823

Building & Unit Features

  • Garage
  • Located on the north side of 18th Street between Seventh and Eighth Avenues, 245 West 18th Street is a 45.5' wide, 2-story tall building consisting of approximately 5,834 square feet of interior space (plus an additional basement) and approximately 18,235 square feet of additional development rights. Offering a curb cut and indoor parking, this is an incredible live/work or development opportunity on a prime Chelsea block. Built in 1915 and formerly the Chelsea Day School, 245 West 18th Street is currently configured as a ground floor open creative studio with two bathrooms, kitchen, and a parking spot. The second floor is a 1,826 sf two-bedroom, one-bathroom residential unit designed by Deborah Berke. A 32-by-21-foot great room with a skylight features two walls of built-in shelves, flanked by two bedrooms. The open kitchen features dark soapstone countertops and painted birch cabinetry with reclaimed Douglas Fir floors and beamed ceilings. This level opens onto a large private landscaped garden and roof deck. 245 West 18th Street offers an end-user the extremely rare opportunity to convert the existing building with sprawling footprint into a one-of-a-kind mansion, or allows a developer the opportunity to convert the building to high-end luxury rentals, condominiums, flagship office space and more, all in one of the most coveted neighborhoods and on one of the most desirable streets in New York City.
    Floor: 1
    Stories: 2
    Units: 2
    Total Rooms: 8

    Courtesy Of Douglas Elliman Real Estate

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    Estimated Monthly Costs


    $75,823
    Est. Mortgage
    $6,823
    Real Estate Tax
    $82,646
    Monthly Total*
    * The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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    Nearby Subways

    • A C E L 8th Ave & 16th St (~0.10 mile)
    • 1 7th Ave & 18th St (~0.11 mile)
    • F L M 1 2 3 7th Ave & 14th St (~0.22 mile)
    • C E 8th Ave & 23rd St (~0.23 mile)
    • F M 6th Ave & 23rd St (~0.35 mile)


    This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY Listing Service, Inc. All rights reserved. RLS IDX Data display by Tiaheem Byrd Lic Associate Broker at Compass. IDX information is provided exclusively for consumers' personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.