261 West 22nd Street #23, New York City, NY 10011
Listing Courtesy of Compass
$479,000
Potential Rebate: $7,185
Overview
Investment Opportunity in Prime Chelsea
Split 2BR with Rent-Stabilized Tenant In Place
CASH BUYER NEEDED.
Customize this one and make it your own!
Exceptional value awaits with this OCCUPIED estate-condition two-bedroom in one of Chelsea’s most desirable prewar cooperatives. Featuring a classic split-bedroom layout and solid prewar bones, this apartment offers a rare opportunity for a savvy buyer. The unit is being sold with a rent-stabilized tenant in place—please inquire for additional details.
Similar apartments in the building, fully renovated, have recently sold between $780,000 and $950,000, highlighting the upside potential here for future value creation.
Built in 1917, this impeccably maintained walk-up co-op on tree-lined West 22nd Street boasts strong financials and timeless charm. The building permits pieds-à-terre, gifting, and co-purchasing, with subletting allowed upon board approval. It’s also pet-friendly. Washer and dryers in the apartment are permitted and some owners have added split units to their apartments as well.
Just one flight up from the apartment, residents enjoy access to a beautifully landscaped common roof deck with panoramic skyline views, an outdoor kitchen with BBQ, and stylish lounge seating—a true urban retreat.
Ideally located in the heart of Chelsea near the High Line, Hudson Yards, Chelsea Market, and the Meatpacking District. World-class dining, shopping, galleries, Trader Joe’s, and Whole Foods are just moments away.
Home Features
- •Building Washer Dryer Install Allowed
- •Hardwood
Estimated Monthly Payment
$4,049 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,185
Monthly savings impact
$20/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20055714
Price Analysis
Compare average listing prices and value metrics for 261 West 22nd Street against the surrounding Chelsea market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
65.33% Lower
than the Chelsea price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Chelsea
Art Galleries & High Line Living
\nChelsea is a cultural powerhouse. Known for its hundreds of art galleries, the High Line, and beautiful brownstone streets.
\nReal Estate & Housing Market
\nA mix of historic townhouses, pre-war co-ops, and ultra-luxury condos near the High Line. Very expensive.
\nLifestyle & Community
\nVibrant and diverse. The LGBTQ+ community has a strong historic presence. Chelsea Market draws foodies.
\nTransportation & Accessibility
\nC/E, 1, and F/M trains serve the area. Penn Station is at the northern border.
\nParks, Schools & Amenities
\nThe High Line is the crown jewel. Chelsea Piers offers massive sports facilities.
\nWho This Neighborhood Is Best For
\nBest for art lovers, active lifestyle enthusiasts, and those wanting a mix of historic and modern.
