Under Contract – Backup offers may be accepted
116 W 22nd Street #5
MLS® #RLS20064713
Listing by Compass
2
Bedrooms
2
Baths
1,555
Sq. Ft.
2006
Year Built
Quick Summary
Property Highlights
- Outdoor Space: Terrace, Balcony
- Fireplace: 1 fireplace
- Climate Control: Central Air
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Jan 31, 2026 | $2,500,000 | - |
| Price Reduced | Apr 10, 2026 | $2,675,000 | +7.0% |
Description
This stunning floor-through two bedroom, two bath home with 9 foot ceilings was renovated and redesigned to the highest standards and offers the perfect combination of loft style living with a modern aesthetic. A private keyed elevator leads you to a spacious living and dining space with a sleek, open kitchen equipped with a Miele induction range / oven and dishwasher, built-in Sharp microwave, and wine fridge. The grand room, which includes a gas fireplace, is lined with floor-to-ceiling windows allowing in a flood of reflective light in the afternoon. A cozy sun-flooded South-facing terrace awaits in the back for a peaceful retreat from the bustling streets. The layout was reconfigured to include a laundry room and additional closet space. The Soma is a well-maintained boutique condominium located at the intersection of Chelsea and Flatiron, a short distance from Madison Square Park and Nomad surrounded by restaurants, shopping, and galleries as well as the F, M and 1 subway lines. Building amenities include a virtual doorman, package closet, and fitness room. Listed taxes do not include 17.5% primary residence abatement (nets to $2,218 / month). Most of the furnishings can be included in the sale.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About Chelsea
View All Chelsea ListingsChelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.
Chelsea Live Market Data
View NeighborhoodActive Listings
319
Median Asking Price
$1.66M
Median $/Sqft
$1,746
Avg Days on Market
N/A
New This Week
18
Price Reduced
30%
Sold (30 Days)
35
Median Sale Price
$2.08M
Live data from RLS at REBNY • Updated 5/13/26, 10:43 AM EST
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Location
116 W 22nd Street #5, Chelsea, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $2,049 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $32,268, or roughly $2,689 per month. Verify the current assessment with your attorney before closing.
This property has 2 bedrooms and 2 full bathrooms.
The listed interior living area is 1,555 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2006, making it approximately 20 years old.
This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $2,500,000 for 1,555 sq ft, the asking price per square foot is approximately $1,608. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Compass - Ildiko Gugan
Listing Contact: (646) 256-1500
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/13/2026 at 2:43 PM UTC