--- title: "481 West 22nd Street, New York City, NY 10011" description: "481 West 22nd Street, New York City, NY 10011 — Townhouse in Chelsea, Manhattan, NY. Listing Price $12,000,000. In contract 6/23/2026. 4 bed, 6 bath, 5,000 sqft Illustrative Buyer Commission Share of $180,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/481-west-22nd-street-ny-10011" source: "Real Estate Rebate Team" dateModified: "2026-08-25T15:12:34.447Z" status: "Pending" --- # 481 West 22nd Street, New York City, NY 10011 Townhouse in Chelsea, Manhattan, NY Courtesy of Corcoran Group Last updated: August 25, 2026, 11:12 AM ## At a Glance - **Listing Price**: $12,000,000 - **Status**: In contract 6/23/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 4 - **Total Baths**: 6 - **Sqft**: 5,000 - **Monthly Taxes**: $3,103 / mo - **Price per Sqft**: $2,400 - **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**: $12,000,000 - **Illustrative Buyer Commission Share**: -$180,000* - **Illustrative Net Cost**: $11,820,000 *Illustrative Buyer Savings of $180,000 — 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) ![481 West 22nd Street, New York City, NY 10011 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/91011298-8eff-4c71-90a6-ded81d0c06a5.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/277cca1b-e641-4cdc-91a1-ee1e38ec9645.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e9bddc68-bb3b-4672-a766-77f55c1e66c6.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6dfd8b61-09fb-4bf3-91fb-41d9b789d076.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3099bf6d-e9e0-441b-8f61-b47b417ffe6b.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7ca3283d-0e51-4d5c-b9ba-f24dd8dafed4.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ff8dcc14-3540-48b9-a0db-77781d4ea3a5.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/df962ebc-e972-42b0-9bc1-2521a5011b39.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/234dba88-d590-4221-b234-fa869cb3671a.jpg) ![481 West 22nd Street, New York City, NY 10011 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f4d0ec4b-ce88-4708-8aa5-3f9f705dbfe8.jpg) ## Property Overview 481 West 22nd Street is a beautifully reimagined six-story townhouse offering approximately 5,000 square feet of interior space and 1,250 square feet of outdoor living. The home features 4 bedrooms and 5.5 bathrooms, an elevator, and multiple outdoor areas: a front garden, a rear garden, a terrace off the library, and two penthouse terraces. Originally built in 1856 as part of a row of eight homes by Morgan Pindar, the property was fully renovated by architect Ed Mills, combining historic charm with modern sophistication. A gated front garden leads to a gracious entry with double doors and vestibule. The main level includes a living room with marble fireplace, secondary living/dining room with a second fireplace, and views over the landscaped rear garden. The garden level features a sleek chef's kitchen and expansive great room with fireplace and a striking double-height glass wall opening to the rear garden. This level also includes a second entrance, windowed gym/coat closet, laundry room, powder room, and storage. Upstairs, the third floor offers a refined library with restored ceiling detail and terrace access, as well as a bright guest bedroom with park views. The fourth floor includes two large bedrooms with en suite baths and fireplaces. The full-floor primary suite occupies the fifth level, complete with fireplace, oversized dressing room, and a marble bathroom with steam shower and soaking tub. The top floor penthouse features a sunlit family room with glass walls opening to landscaped terraces at both ends. High-end finishes are found throughout, including Lefroy Brooks and Toto fixtures, a kitchen with appliances by Wolf, Sub-Zero, Miele, and Bosch, and ebony-stained oak floors.Located in the heart of Chelsea, the home sits across from Clement Clarke Moore Park and close to the High Line, Chelsea Waterside Park, and Chelsea Piers, with popular destinations like Empire Diner, CookShop, Chelsea Market, and the High Line Hotel close by. ## Property Details - **Property Type**: Single Family Residence - **Beds**: 4 - **Total Baths**: 6 - **Rooms**: 11 - **Sqft**: 5,000 sqft - **Stories**: 6 - **Year Built**: 1855 - **Price per Sqft**: $2,400 - **Monthly Taxes**: $3,103 / mo - **Listed On**: Apr 20, 2026 - **Days on Market**: 146 Days ### Residence Features - Central Air - Building Other - Washer Hookup - In Unit - Balcony - Garden - Private Outdoor Space Over 60 Sqft - High Ceilings - Smoke Free - Walk-In Closet(s) - Dishwasher - Washer Dryer Allowed ## Sales Evidence ### How this price compares The median closed price for comparable house sales in Chelsea is $5,900,000, based on 15 sales between November 2021 and September 2026. This home is asking $12,000,000, $6,100,000 above that median. The middle half of those sales closed between $5,295,500 and $9,950,000. - **Median closed price**: $5,900,000 - **Middle half**: $5,295,500 – $9,950,000 - **Based on**: 15 house sales in Chelsea - **Period**: November 2021 – September 2026 - **Median $/ft²**: $1,436/ft² Across the 11 of these sales with a published asking price, the median closed at 90.8% of what it originally asked. 100% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Chelsea. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 90.8% of the original ask - **Closed below ask**: 100% of 11 sales - **Listed → in contract**: 175 days (about 25 weeks) - **In contract → closed**: 70 days (about 10 weeks) Across the 11 of these sales with a published asking price, the median closed at 90.8% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 175 days (about 25 weeks) of coming to market, based on the 15 with a recorded listing date. Once a deal was agreed, closing took a further 70 days (about 10 weeks), based on the 15 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 15 house sales in Chelsea, November 2021 – September 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. 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 481 West 22ND Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/481-west-22nd-street) ## Price and Property History for 481 West 22ND Street Review the recorded listing activity for 481 West 22ND Street, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $495,000, or 4%, on August 25, 2026 - **Originally listed**: April 20, 2026 at $12,495,000 | Date | Price | Listing event | | --- | --- | --- | | August 25, 2026 | $12,000,000 | Asking price reduced by $495,000, or 4% | | June 23, 2026 | $12,000,000 | Entered contract | | April 20, 2026 | $12,495,000 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 481 West 22nd Street were $37,692 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $370,620 | $75,600 | $295,020 | $187,661 | $37,692 | 20.085% (estimated) | | 2025 (FY 2025/26) | $435,960 | $75,600 | $360,360 | $187,661 | $37,692 | 20.085% (estimated) | | 2024 (FY 2024/25) | $480,480 | $75,600 | $404,880 | $186,253 | $37,409 | 20.085% | | 2023 (FY 2023/24) | $491,220 | $75,600 | $415,620 | $175,711 | $35,292 | 20.085% | | 2022 (FY 2022/23) | $405,720 | $75,600 | $330,120 | $165,767 | $33,666 | 20.309% | | 2021 (FY 2021/22) | $435,960 | $75,600 | $360,360 | $156,384 | $31,219 | 19.963% | | 2020 (FY 2020/21) | $496,560 | $75,600 | $420,960 | $156,384 | $32,911 | 21.045% | | 2019 (FY 2019/20) | $507,360 | $75,600 | $431,760 | $155,211 | $32,854 | 21.167% | | 2018 (FY 2018/19) | $146,426 | — | — | $146,426 | $30,631 | 20.919% | | 2017 (FY 2017/18) | $138,139 | — | — | $138,139 | $28,160 | 20.385% | | 2016 (FY 2016/17) | $130,320 | — | — | $130,320 | $26,052 | 19.991% | | 2015 (FY 2015/16) | $130,320 | — | — | $130,320 | $25,483 | 19.554% | | 2014 (FY 2014/15) | $129,343 | — | — | $129,343 | $24,778 | 19.157% | | 2013 (FY 2013/14) | $122,022 | — | — | $122,022 | $23,417 | 19.191% | | 2012 (FY 2012/13) | $115,116 | — | — | $115,116 | $21,376 | 18.569% | | 2011 (FY 2011/12) | $108,600 | — | — | $108,600 | $19,771 | 18.205% | | 2010 (FY 2010/11) | $291,715 | — | — | $291,715 | $50,653 | 17.364% | 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. Figures are the New York City Department of Finance assessment roll for tax lot 1007200007. 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 ### 481 West 22nd Street 481 West 22nd Street, New York, NY 10011 A Townhouse in the neighborhood built in 1855. - **Year Built**: 1855 - **Total Units**: 1 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/481-west-22nd-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/481-west-22nd-street-ny-10011) | 4 | 6 | 5,000 sqft | $2,400 | $12,000,000 (-4.0%) — In contract | Corcoran Group | Apr 20, 2026 | 145 days | ## Estimated Monthly Payment **$63,782 / month**, assuming a 20% down payment ($2,400,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $60,679 - **Property Taxes**: $3,103 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 - [481 West 22ND Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/481-west-22nd-street) - [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.