--- title: "408 8th Avenue #5C, New York City, NY 10001" description: "408 8th Avenue #5C, New York City, NY 10001 — Chelsea, New York City, NY. Listing Price $980,000. 1 bed, 1 bath, 712 sqft Illustrative Buyer Commission Share of $14,700 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/408-8th-avenue-c-5C-ny-10001" source: "Real Estate Rebate Team" status: "Active" --- # 408 8th Avenue #5C, New York City, NY 10001 Chelsea, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $980,000 - **Beds**: 1 - **Baths**: 1 - **Sqft**: 712 - **Common Charges**: $896 / mo - **Monthly Taxes**: $1,060 / mo - **Price per Sqft**: $1,376 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $980,000 - **Illustrative Buyer Commission Share**: -$14,700* - **Illustrative Net Cost**: $965,300 *Illustrative Buyer Savings of $14,700 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![408 8th Avenue #5C, New York City, NY 10001 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/14c69142-d694-4bb4-9714-7802154af263.png) ![408 8th Avenue #5C, New York City, NY 10001 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/246e0507-e6e8-4bdc-93e0-c2c018a767d9.jpg) ![408 8th Avenue #5C, New York City, NY 10001 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c633f31e-76aa-4d3a-8a5a-e4e144b84035.png) ![408 8th Avenue #5C, New York City, NY 10001 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/27ec4e20-c0d2-4dc3-9def-ee4e5216e81c.jpg) ![408 8th Avenue #5C, New York City, NY 10001 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/81f5e239-1adb-4952-b8f1-d32ab44f907c.png) ![408 8th Avenue #5C, New York City, NY 10001 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bb69377e-f70a-4a40-8d62-1a1b85cf9f88.png) ![408 8th Avenue #5C, New York City, NY 10001 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4a8f40a5-4616-47f7-83c5-1b2f90dbfd5a.jpg) ![408 8th Avenue #5C, New York City, NY 10001 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/43594205-7adf-43a6-91c6-04fcadd2a348.jpg) ![408 8th Avenue #5C, New York City, NY 10001 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b565242f-3d1b-46e4-8450-e8e295213a42.png) ![408 8th Avenue #5C, New York City, NY 10001 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fc63d708-6fda-4f26-a80d-a3948a87b7a9.jpg) ## Property Overview LOCATION | LOCATION | LOCATION — Manhattan's Best Value Under $1M Welcome to 408 8th Avenue, Unit 5C — a sun-drenched Flex 2-Bedroom condo with a private terrace at the crossroads of Midtown Manhattan and the Hudson Yards Corridor. Rarely does an opportunity like this surface in one of Manhattan's most coveted and rapidly evolving neighborhoods. Originally a generous one-bedroom, this unit has been thoughtfully converted into a true Flex 2-Bedroom layout — two distinct, private rooms that work beautifully as a primary residence or as a high-yield investment property. The versatility here is genuine. The expansive living room spills effortlessly onto your private terrace, where golden-hour sunsets over the Hudson Palisades and the gleaming towers of Hudson Yards paint a nightly scene that never gets old. On the opposite end of the home, the bedroom wing offers a surprisingly peaceful escape from the pulse of the city — generous, quiet, and flooded with morning light. Multiple closets throughout ensure storage is never an afterthought. The kitchen features marble finishes and premium stainless steel appliances including a Sub-Zero refrigerator. A full bathroom and rich hardwood floors complete a home that is as livable as it is investable. Step outside and you are two blocks from Penn Station and Madison Square Garden, moments from the High Line, and surrounded by the best of New York's dining, culture, and transit. Every major West Side subway line — A, C, E, 1, 2, 3, N, Q, R, W — is at your doorstep. This doorman, pet-friendly building offers a live/work policy, making it one of the most flexible condos in the neighborhood for professionals and investors alike. ?UNIT WILL BE DELIVERED VACANT. Currently occupied; all showings are by appointment with 24 hours' notice required. Call today to schedule your private tour. ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 712 sqft - **Stories**: 12 - **Year Built**: 1986 - **Price per Sqft**: $1,376 - **Common Charges**: $896 / Monthly - **Monthly Taxes**: $1,060 / mo - **Listed On**: Mar 1, 2026 - **Days on Market**: 195 Days ### Residence Features - Central Air - Building Washer Dryer Install Allowed - Common On Floor - Common Area - Balcony - Private Outdoor Space Under 60 Sqft - Refrigerator - Stainless Steel Appliance(s) - Hardwood - City ## Sales Evidence ### Recent closed sales 4 apartments at 408 8th Avenue have recorded sales since September 2021, the most recent for $950,000 in February 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 3A (Apartment) | — | 896 | $950,000 | $1,060/ft² | February 17, 2026 | City record | | 11-C (Apartment) | 1 | 712 | $980,000 | $1,376/ft² | July 20, 2022 | City record · MLS | | 8A (Apartment) | 2 | 896 | $1,050,000 | $1,172/ft² | June 23, 2022 | City record | | 11C (Apartment) | 1 | 712 | $900,000 | $1,264/ft² | February 22, 2022 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable condo one-bedroom sales in Chelsea is $1,500,000, based on 145 sales between September 2024 and July 2026. This home is asking $980,000, $520,000 below that median. The middle half of those sales closed between $1,120,000 and $1,900,000. - **Median closed price**: $1,500,000 - **Middle half**: $1,120,000 – $1,900,000 - **Based on**: 145 condo one-bedroom sales in Chelsea - **Period**: September 2024 – July 2026 - **Median $/ft²**: $1,787/ft² Across the 126 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 86% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Chelsea instead. ### How these sales were negotiated - **Sold vs original ask**: 96.2% of the original ask - **Closed below ask**: 86% of 126 sales - **Listed → in contract**: 79 days (about 11 weeks) - **In contract → closed**: 51 days (about 7 weeks) Across the 126 of these sales with a published asking price, the median closed at 96.2% of what it originally asked. 86% of them closed below the original ask. Half of these homes were in contract within 79 days (about 11 weeks) of coming to market, based on the 130 with a recorded listing date. Once a deal was agreed, closing took a further 51 days (about 7 weeks), based on the 130 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 145 condo one-bedroom sales in Chelsea, September 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house one-bedroom sales in Chelsea, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $1,374,638 | 21 | | 2017 | $1,300,000 | 76 | | 2018 | $1,410,000 | 72 | | 2019 | $1,300,000 | 55 | | 2020 | $1,080,000 | 35 | | 2021 | $1,454,250 | 144 | | 2022 | $1,400,356 | 143 | | 2023 | $1,191,353 | 92 | | 2024 | $1,420,000 | 75 | | 2025 | $1,500,000 | 98 | | 2026 | $1,190,000 | 25 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Chelsea instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 408 8th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/408-8th-avenue) ## Property Tax History Taxes at 408 8th Avenue #5C were $12,994 in 2026, up 1.6% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $129,907 | $9,149 | $120,758 | $103,953 | $12,994 | 12.5% (estimated) | | 2025 (FY 2025/26) | $124,812 | $9,149 | $115,663 | $102,272 | $12,784 | 12.5% (estimated) | | 2024 (FY 2024/25) | $117,402 | $9,149 | $108,253 | $103,092 | $12,887 | 12.5% | | 2023 (FY 2023/24) | $114,607 | $9,149 | $105,458 | $103,967 | $8,645 after $4,353 abatement | 12.502% | | 2022 (FY 2022/23) | $115,431 | $9,149 | $106,282 | $108,695 | $9,184 after $4,150 abatement | 12.267% | | 2021 (FY 2021/22) | $112,323 | $9,149 | $103,174 | $103,816 | $12,702 | 12.235% | | 2020 (FY 2020/21) | $124,400 | $9,149 | $115,251 | $105,840 | $12,983 | 12.267% | | 2019 (FY 2019/20) | $121,065 | $9,149 | $111,916 | $96,918 | $12,089 | 12.473% | | 2018 (FY 2018/19) | $103,808 | $9,149 | $94,659 | $87,732 | $11,065 | 12.612% | | 2017 (FY 2017/18) | $91,036 | $9,149 | $81,887 | $81,184 | $10,326 | 12.719% | | 2016 (FY 2016/17) | $95,180 | $9,149 | $86,031 | $77,979 | $10,053 | 12.892% | | 2015 (FY 2015/16) | $79,798 | $9,149 | $70,649 | $72,297 | $9,314 | 12.883% | | 2014 (FY 2014/15) | $75,144 | $9,149 | $65,995 | $69,850 | $8,979 | 12.855% | | 2013 (FY 2013/14) | $71,071 | $9,149 | $61,922 | $67,434 | $8,864 | 13.145% | | 2012 (FY 2012/13) | $68,729 | $9,149 | $59,580 | $63,409 | $8,358 | 13.181% | | 2011 (FY 2011/12) | $66,771 | $9,149 | $57,622 | $60,703 | $8,154 | 13.433% | | 2010 (FY 2010/11) | $67,549 | $9,151 | $58,398 | $55,913 | $7,466 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner. Figures are the New York City Department of Finance assessment roll for tax lot 1007801010. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 408 8th Avenue Chelsea · Condominium 408 8th Avenue, New York, NY 10001 A building in Chelsea, currently featuring 1 active listing. - **Year Built**: 1986 - **Total Units**: 1 - **Floors**: 12 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/408-8th-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10001/408-8th-avenue-c-5C-ny-10001) | 1 | 1 | 712 sqft | $1,376 | $980,000 | Compass | Mar 1, 2026 | 195 days | ## Estimated Monthly Payment **$6,911 / month**, assuming a 20% down payment ($196,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $4,955 - **Property Taxes**: $1,060 - **Common Charges**: $896 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Chelsea Art Galleries & High Line Living [Explore Chelsea](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Chelsea - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [West Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/west-village) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy) - [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) ## Related Links - [408 8th Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/408-8th-avenue) - [Chelsea neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.