Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,950,000

· Closed December 13, 2022

52 W 22ND Street #PH
Closed For Sale Condo

$1,950,000

52 W 22ND Street #PH

Flatiron, Manhattan

THE PAPER FACTORY

MLS® #RLS10814536

RLS at REBNY

Listing by Corcoran Group

2

Bedrooms

2

Baths

N/A

Sq. Ft.

1851

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1851
Ownership Condo
HOA/Common Charges $1,518/mo
Property Taxes $19,344/yr
Neighborhood Flatiron

Property Highlights

  • Exposure: North,South facing
  • Style: Prewar architecture
  • Character: Pre-war building (1851)

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Exposure North,South
Pets Yes
Cross Street 5 AVENUE and AVENUE OF THE AMERICAS
Year Built 1851 (New)
Architectural Style Prewar

Listing History

Event Date Price Change
Listed Jun 20, 2022 $2,150,000 -
Currently May 18, 2026 $1,950,000 -9.3%

Description

Investor Friendly Purchase Tenant in place until August 2023

Glamorous penthouse living awaits in this stunning two-bedroom, two-bathroom duplex with two oversized terraces in a renovated brownstone condominium. This investor-friendly Flatiron District offering includes a new tenant with a lease until August 2023

Key locked elevator entry welcomes you to the lower entertaining level of this special 1,100-square-foot home. Relax alongside gleaming dark birch flooring and 11-foot-tall ceilings in the expansive living/dining room. Chefs will love the open kitchen where sleek cabinetry surrounds state-of-the-art stainless steel appliances, including a gas cooktop, oven, refrigerator, dishwasher, wine refrigerator and additional freezer. Bright French doors invite you to the adjacent 245-square-foot terrace, the perfect destination for al fresco dining and entertaining overlooking tree-lined 22nd Street. A south-facing bedroom on this level features a roomy closet and a windowed en suite bathroom with a large soaking tub/shower and an in-unit washer-dryer. A convenient powder room completes this floor. Interior stairs lead to the upper-level bedroom suite featuring a well-appointed private bathroom and an extraordinary roof deck where views stretch to the iconic spire of the Met Life Tower. Central HVAC ensures year-round comfort in this exceptional penthouse sanctuary.

The Paper Factory at 52 West 22nd Street is a handsome Italianate brownstone built in 1851. Originally a private residence, the building has accommodated cut glass and china merchants, dressmakers and Ye Old Brass Kettle restaurant over the years. Converted to a boutique five-unit condominium in 2007, the gut-renovated, pet-friendly building offers video intercom entry, an elevator, storage and superintendent service.

Located within the Ladies' Mile Historic District, this home is surrounded by the outstanding shopping, dining and nightlife that makes the Flatiron District one of the city's most coveted residential enclaves. Enjoy easy access to Trader Joe's, Eataly and Whole Foods or dine at Michelin-starred favorites The Clocktower and Eleven Madison Park. Madison Square Park provides a dog park, greenmarket and year-round events, and Union Square and The High Line are within easy reach. Transportation is effortless with F/M, 1, N/Q/R/W, 4/5/6 and L trains, excellent bus service and CitiBikes all nearby.

Building Information

Financial Details

Common Charges $1,518/mo
RE Taxes $19,344/yr ($1,612/mo)
Original Price $2,150,000
Sale Price $1,950,000
Previous Price $2,150,000

The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.

Flatiron Live Market Data

View Neighborhood

Active Listings

137

Median Asking Price

$2.42M

Median $/Sqft

$1,788

Avg Days on Market

N/A

New This Week

10

Price Reduced

32%

Sold (30 Days)

3

Median Sale Price

$1.40M

Live data from RLS at REBNY • Updated 5/18/26, 3:53 AM EST

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Location

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52 W 22ND Street #PH, Flatiron, New York County • Near 5 AVENUE and AVENUE OF THE AMERICAS

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1940
Year Built
86 years old
1
Floors
M1-6A
Zoning District

Tax & Assessment

Assessed Value: $918,000
Land Value: $453,600
Exemptions: $206,010

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 16,800 SF
Building Area: 18,000 SF
Built FAR: 1.07

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

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,518 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $19,344, or roughly $1,612 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

According to MLS records, the building was constructed in 1851, making it approximately 175 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.

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) 416-7433
MLS® ID: RLS10814536
First Listed: 6/20/2022
Price Changed: 12/15/2022
Closed: 12/13/2022
Contract Date: 6/19/2022

Listing Courtesy of Corcoran Group - Daniel Davis

Listing Contact: (917) 776-8564

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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/18/2026 at 7:53 AM UTC

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