---
title: "525 West 22nd Street #PHD, New York City, NY 10011"
description: "525 West 22nd Street #PHD, New York City, NY 10011 — Chelsea, New York City, NY. Listing Price $7,995,000. In contract 5/1/2026. 4 bed, 2 bath, 4,022 sqft Illustrative Buyer Commission Share of $119,925 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/525-west-22nd-street-phd-PHD-ny-10011"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 525 West 22nd Street #PHD, New York City, NY 10011

Chelsea, New York City, NY

Courtesy of Corcoran Group

## At a Glance

- **Listing Price**: $7,995,000
- **Status**: In contract 5/1/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 4
- **Baths**: 2
- **Sqft**: 4,022
- **Common Charges**: $6,367 / mo
- **Price per Sqft**: $1,988
- **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**: $7,995,000
- **Illustrative Buyer Commission Share**: -$119,925*
- **Illustrative Net Cost**: $7,875,075

*Illustrative Buyer Savings of $119,925 — 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)

![525 West 22nd Street #PHD, New York City, NY 10011 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/87d9f5ca-9e78-486f-9314-9cabbef32666.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9fd7586b-7d11-42f7-b70b-c0bf62b89101.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/681d2979-5f74-4a32-86a9-03c17cfd012c.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/db610392-a04f-4abf-84d7-7ebe79bb9987.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a362cd47-32cb-4a9f-a890-7fe284dbac71.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/76793084-f0c3-43a6-843f-754d96b8e309.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f1243242-f179-4a74-a0ae-6840ef9c2c43.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ddca9626-2bb0-453a-bb48-15eed89252bc.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cb0d5fd2-12d4-4136-a4fb-9c740a721925.jpg)
![525 West 22nd Street #PHD, New York City, NY 10011 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0ac9fc13-e941-487c-957b-3a693930b503.jpg)

## Property Overview

Live Like a Supermodel in This Chelsea Penthouse - Unbeatable Value Per Square Foot!

 A true West Chelsea dream, this sprawling 4,022-square-foot penthouse offers the ultimate in loft-living, with 2,500 square feet of private outdoor space-for an unprecedented $7,995,000. With exposed brick, polished concrete floors, soaring ceilings that reach up to 13' tall, and skylights throughout, this penthouse beckons a bygone era where raw and industrial bones meet modern sophistication, much like its world-famous supermodel owner, who once called this home.

 Perched atop The Spears Building, a coveted full-service condominium, this four-bedroom, two-bathroom showpiece is bathed in natural light with three exposures (north, east, and south), while impressive skylights and a wood-burning fireplace anchor the expansive great room, perfect for lavish entertaining or intimate nights in.

 The windowed pass-through kitchen is a chef's dream, blending industrial-chic charm with modern convenience-boasting exposed brick, butcher-block countertops, and stainless-steel appliances, including a Sub-Zero refrigerator.

 Retreat to the corner primary suite, where you'll wake up to High Line views and an en-suite bath with a soaking tub and glass shower. A massive dressing room with six floor-to-ceiling custom closets ensures effortless organization. Three additional bedrooms provide exceptional flexibility, whether for guests, home offices, or creative spaces.

 But the crown jewel? A private rooftop oasis spanning 2,500 square feet, awaiting an impressive build-out so one can dine alfresco and enjoy the city views.

 At just $1,988 per square foot, this penthouse offers an extraordinary opportunity to live in luxury at an unbeatable value.

 Originally built in 1880, The Spears Building is a meticulously maintained, pet-friendly boutique condominium with full-time doorman and concierge service. Nestled between The High Line and the Hudson River, this prime West Chelsea location offers unrivaled access to world-class galleries, the Whitney Museum, Chelsea Market, and Hudson Yards. Plus, it's just a few blocks from the prestigious Avenues: The World School, making it an exceptional choice for buyers seeking top-tier education nearby.

## Property Details

- **Property Type**: Duplex
- **Beds**: 4
- **Baths**: 2
- **Rooms**: 8
- **Sqft**: 4,022 sqft
- **Stories**: 6
- **Year Built**: 1930
- **Price per Sqft**: $1,988
- **Common Charges**: $6,367 / Monthly
- **Listed On**: Jan 29, 2026
- **Days on Market**: 231 Days

### Residence Features

- Washer Hookup
- In Unit
- Private Outdoor Space Over 60 Sqft
- High Ceilings
- Dishwasher
- Washer Dryer Allowed
- City

## Estimated Monthly Payment

**$46,794 / month**, assuming a 20% down payment ($1,599,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $40,427
- **Common Charges**: $6,367

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

10 apartments at Spears Condominium have recorded sales since September 2021, the most recent for $2,700,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [4B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/525-west-22nd-street-b-4B-ny-10011) (Apartment) | 2 | 1,196 | $2,700,000 | $2,258/ft² | August 10, 2026 | MLS |
| [5A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/525-west-22nd-street-a-5A-ny-10011) (Apartment) | 3 | 3,033 | $5,989,000 | $1,975/ft² | July 7, 2026 | MLS |
| 2F (Apartment) | 3 | 2,938 | $7,200,000 | $2,451/ft² | September 9, 2025 | City record |
| 2B (Loft) | 2 | 1,196 | $2,500,000 | $2,090/ft² | July 21, 2025 | City record · MLS |
| 5F (Apartment) | 3 | 2,956 | $4,350,000 | $1,472/ft² | May 9, 2024 | City record · MLS |
| 2F (Apartment) | 3 | 3,000 | $6,400,000 | $2,133/ft² | March 15, 2024 | City record · MLS |
| PH-C (Apartment) | 2 | 1,784 | $5,900,000 | $3,307/ft² | November 28, 2023 | City record |
| PHE (Apartment) | 3 | 2,244 | $3,850,000 | $1,716/ft² | September 20, 2022 | City record · MLS |
| PHB (Apartment) | 2 | 1,546 | $3,067,500 | $1,984/ft² | August 31, 2022 | City record · MLS |
| 2E (Apartment) | 1 | 1,633 | $734,000 | $449/ft² | March 28, 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

- **This home**: $7,995,000
- **Median sold price**: $9,972,500
- **Difference**: -$1,977,500 (-19.8%)
- **This home, $/ft²**: $1,988
- **Median $/ft²**: $3,348
- **Comparable sales**: 26
- **Sales from**: September 2024 – June 2026
- **Middle half of those sales**: $6,637,500 – $12,762,500

Based on condo four-bedroom sales in Chelsea.

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

- **Sale-to-list price**: 94.8% (25 sales)
- **Sold below asking**: 80% (25 sales)
- **Typical time to find a buyer**: 72 days (24 sales)
- **Typical time to close**: 56 days (24 sales)

Based on condo four-bedroom sales in Chelsea with the required listing and closing data. Sample sizes vary by metric.

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.

### Price trend

Median sale price, condo and house four-bedroom sales in Chelsea

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2021 | $8,500,000 | 15 |
| 2022 | $8,150,000 | 14 |
| 2024 | $7,547,500 | 18 |
| 2025 | $10,602,125 | 14 |

Based on recorded condo and house four-bedroom sales in Chelsea.

Sales data through August 2026.

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 Spears Condominium](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/spears-condominium)

## Price and Property History for 525 West 22ND Street, Unit PHD

Review the recorded listing activity for 525 West 22ND Street, Unit PHD, including asking-price changes and prior market dates.

- **Entered contract**: May 1, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| May 1, 2026 | $7,995,000 | Entered contract |
| January 29, 2026 | $7,995,000 | Listed for sale by Corcoran Group |

## Property Tax History

Taxes at 525 West 22nd Street #PHD were $93,114 in 2026, up 3.4% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $855,323 | $175,531 | $679,792 | $744,911 | $93,114 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $821,829 | $175,531 | $646,298 | $720,596 | $90,075 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $739,009 | $175,531 | $563,478 | $701,768 | $87,721 | 12.5% |
| 2023 (FY 2023/24) | $699,139 | $175,531 | $523,608 | $696,229 | $57,151 after $29,892 abatement | 12.502% |
| 2022 (FY 2022/23) | $685,993 | $175,531 | $510,462 | $685,993 | $25,323 after $58,828 abatement | 12.267% |
| 2021 (FY 2021/22) | $657,013 | $175,531 | $481,482 | $657,013 | $24,044 after $56,342 abatement | 12.235% |
| 2020 (FY 2020/21) | $727,689 | $175,531 | $552,158 | $678,473 | $83,228 | 12.267% |
| 2019 (FY 2019/20) | $711,318 | $175,531 | $535,787 | $643,727 | $80,292 | 12.473% |
| 2018 (FY 2018/19) | $678,290 | $175,530 | $502,760 | $612,260 | $77,218 | 12.612% |
| 2017 (FY 2017/18) | $670,732 | $175,531 | $495,201 | $598,001 | $76,060 | 12.719% |
| 2016 (FY 2016/17) | $657,334 | $175,530 | $481,804 | $569,214 | $73,383 | 12.892% |
| 2015 (FY 2015/16) | $522,358 | $175,531 | $346,827 | $509,730 | $65,669 | 12.883% |
| 2014 (FY 2014/15) | $499,428 | $175,530 | $323,898 | $470,257 | $60,452 | 12.855% |
| 2013 (FY 2013/14) | $429,094 | $175,531 | $253,563 | $376,453 | $49,485 | 13.145% |
| 2012 (FY 2012/13) | $574,475 | $175,531 | $398,944 | $468,381 | $61,737 | 13.181% |
| 2011 (FY 2011/12) | $553,054 | $175,531 | $377,523 | $427,280 | $57,397 | 13.433% |
| 2010 (FY 2010/11) | $440,613 | $175,531 | $265,082 | $389,586 | $52,021 | 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 1006941032. 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

### Spears Condominium

Chelsea · Duplex

525 West 22nd Street, New York, NY 10011

A building in Chelsea, currently featuring 0 active listings.

- **Year Built**: 1930
- **Active Units**: 0
- **Floors**: 6

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/spears-condominium)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [PHD](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/525-west-22nd-street-phd-PHD-ny-10011) | 4 | 2 | 4,022 sqft | $1,988 | $7,995,000 — In contract | Corcoran Group | Jan 29, 2026 | 231 days |

### Recently Sold (1)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/525-west-22nd-street-a-5A-ny-10011) | 3 | 2 | 3,033 sqft | $1,975 | $5,989,000 | Brown Harris Stevens Residential Sales LLC | Mar 5, 2026 | Jul 7, 2026 |

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## 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

- [Spears Condominium — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/spears-condominium)
- [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.