--- title: "545 West 20th Street #5B, New York City, NY 10011" description: "545 West 20th Street #5B, New York City, NY 10011 — Chelsea, New York City, NY. Listing Price $4,995,000. Price Reduced: Reduced $505,000 (9.2%) from $5,500,000 on August 17, 2026. 3 bed, 4 bath, 3,647 sqft Illustrative Buyer Commission Share of $74,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/545-west-20th-street-b-5B-ny-10011" source: "Real Estate Rebate Team" dateModified: "2026-09-22T14:00:48.022Z" status: "Active" --- # 545 West 20th Street #5B, New York City, NY 10011 Chelsea, New York City, NY Courtesy of Douglas Elliman Real Estate Last updated: September 22, 2026, 10:00 AM ## At a Glance - **Listing Price**: $4,995,000 - **Price Reduced**: Reduced $505,000 (9.2%) from $5,500,000 on August 17, 2026 - **Beds**: 3 - **Total Baths**: 4 - **Sqft**: 3,647 - **Common Charges**: $3,052 / mo - **Price per Sqft**: $1,370 - **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**: $4,995,000 - **Illustrative Buyer Commission Share**: -$74,925* - **Illustrative Net Cost**: $4,920,075 *Illustrative Buyer Savings of $74,925 — 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) ![545 West 20th Street #5B, New York City, NY 10011 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b1076aa0-2df8-49ec-9070-4eabc91b9c74.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/41004d0e-26b7-452e-98b2-ae1f545382d9.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/be140aef-2c2a-48e0-bc21-6bd8e5668b1b.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/864091c5-3438-4507-8822-265d2ad120f7.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6e7a71b8-21cd-40e4-9bc3-51644efe9244.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/94b5e184-28d8-4387-bb62-8971574af69d.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b135c776-d5cd-4c54-b3f3-cedceff313f0.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/67c9cdb4-70af-4d37-bf9b-cc1da9409804.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ffb8a3fa-a2fc-4ba0-a53e-c8f5c4236d72.jpg) ![545 West 20th Street #5B, New York City, NY 10011 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/68dfa5e5-ca27-4a55-98cb-a01a512f896f.jpg) ## Property Overview All showings and open houses are by appointment. Please contact to schedule. Scale, light, character and authenticity blend perfectly to present this West Chelsea loft condominium. Enter from your private elevator into this full floor home with enormous ceilings, broad proportions and wrapped in light from three exposures. Currently configured as three bedrooms, this space easily lends itself to as many as four to five bedrooms all with private outdoor space and a fireplace for those crisp New York days. At nearly 3,600 square feet of volume and texture unfolding beneath soaring 12 foot beamed timber ceilings, with large, oversized windows on three exposures drawing in light throughout the day, it is a loft defined by air and proportion, where exposed brick, cast iron columns, and restored hardwood floors create a backdrop that feels both storied and enduring. At its center, a great room of remarkable proportion stretches an astonishing 48 by 47 feet, offering a sense of openness rarely found in the city. Light shifts across the space from multiple directions, giving it a quiet dynamism from morning through evening. The kitchen is both centerpiece and workhorse, outfitted with Miele, Gaggenau, and Viking appliances and anchored by a dramatic 22 foot breakfast bar that invites gathering, conversation, and long, unhurried meals. The current layout offers two expansive bedrooms and a home office, each bedroom with its own en suite bath, with the scale to easily create a true three bedroom home. A private north facing terrace extends directly from the living space, offering a rare moment of outdoor calm and an effortless extension of the interior. There is also a sense of ease built into the home, with central air, an oversized laundry room, and a substantial private storage unit that transfers with the residence. Set in the heart of West Chelsea, within a discreet boutique building with a full time superintendent, the address places you at the intersection of culture and calm. Moments from the High Line, surrounded by the galleries of Gagosian Gallery and David Zwirner, and within easy reach of Chelsea Market, this is a location that does not need introduction. It is simply where you are meant to be. ## Property Details - **Property Type**: Loft - **Beds**: 3 - **Total Baths**: 4 - **Rooms**: 6 - **Sqft**: 3,647 sqft - **Stories**: 5 - **Year Built**: 1910 - **Price per Sqft**: $1,370 - **Common Charges**: $3,052 / Monthly - **Listed On**: Apr 8, 2026 - **Days on Market**: 178 Days ### Residence Features - Central Air - Washer Hookup - In Unit - Private Outdoor Space Over 60 Sqft - High Ceilings - Washer Dryer Allowed - City ## Estimated Monthly Payment **$28,309 / month**, assuming a 20% down payment ($999,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $25,257 - **Common Charges**: $3,052 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $4,995,000 - **Median sold price**: $4,839,875 - **Difference**: +$155,125 (+3.2%) - **This home, $/ft²**: $1,370 - **Median $/ft²**: $2,097 - **Comparable sales**: 102 - **Sales from**: October 2024 – August 2026 - **Middle half of those sales**: $3,300,000 – $6,493,750 Based on condo three-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**: 95% (87 sales) - **Sold below asking**: 87% (87 sales) - **Typical time to find a buyer**: 182 days (88 sales) - **Typical time to close**: 54 days (86 sales) Based on condo three-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 three-bedroom sales in Chelsea | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $4,515,606 | 20 | | 2017 | $4,505,756 | 23 | | 2018 | $3,605,000 | 20 | | 2019 | $4,050,000 | 27 | | 2020 | $4,150,000 | 18 | | 2021 | $4,050,000 | 66 | | 2022 | $5,400,000 | 69 | | 2023 | $5,230,000 | 43 | | 2024 | $4,850,000 | 62 | | 2025 | $4,700,000 | 55 | | 2026 YTD | $4,050,000 | 22 | Based on recorded condo and house three-bedroom sales in Chelsea. 2026 is year-to-date. 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 LIFESAVER LOFTS](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/lifesaver-lofts) ## Price and Property History for 545 West 20TH Street, Unit 5B Review the recorded listing activity for 545 West 20TH Street, Unit 5B, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $505,000, or 9.2%, on August 17, 2026 - **Originally listed**: April 8, 2026 at $5,500,000 - **Current asking price**: $4,995,000 | Date | Price | Listing event | | --- | --- | --- | | August 17, 2026 | $4,995,000 | Asking price reduced by $505,000, or 9.2% | | April 8, 2026 | $5,500,000 | Listed for sale by Douglas Elliman Real Estate | ## About The Building ### LIFESAVER LOFTS 545 West 20th Street, New York, NY 10011 A building in the neighborhood, currently featuring 2 active listings. - **Year Built**: 1910 - **Active Units**: 2 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/lifesaver-lofts) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/545-west-20th-street-b-5B-ny-10011) | 3 | 4 | 3,647 sqft | $1,370 | $4,995,000 (-9.2%) | Douglas Elliman Real Estate | Apr 8, 2026 | 178 days | | [PH6/7B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/545-west-20th-street-ph67b-ny-10011) | 3 | 3 | 2,894 sqft | $1,849 | $5,350,000 | Compass | Sep 17, 2026 | 16 days | ## 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 - [LIFESAVER LOFTS — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/lifesaver-lofts) - [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.