Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $12,347,500

· Closed November 21, 2024

245 W 18TH Street
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Closed For Sale Mixed Use

$12,347,500

$2,116 per sq ft

245 W 18TH Street

Chelsea, Manhattan

MLS® #RLS10966764

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

2

Baths

5,834

Sq. Ft.

1915

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 5,834 sq ft
Lot Size 4,110.02 sq ft
Year Built 1915
Ownership None
Property Taxes $84,456/yr
Parking Garage (1)
Neighborhood Chelsea
Floor 1 of 2

Property Highlights

  • Views: Other
  • Climate Control: Central Air
  • Parking: Private garage with 1 space

Property Details

Type Mixed Use
Ownership None
Total Rooms 8
Baths 2 Full
Floor 1 of 2
View Other
Cooling Central Air
Pets Yes
Year Built 1915
Living Area 5,834 sq ft
Parking Garage Available (1 spaces)
Parking Features Assigned, Garage
Structure Type MixedUse
Basement Other
Lot Size 4,110.02 sq ft
Parcel # 0768-0012
Block/Lot 00768/0012

Description

Located on the north side of 18th Street between Seventh and Eighth Avenues, 245 West 18th Street is a 45.5' wide, 2-story tall building consisting of approximately 5,834 square feet of interior space (plus an additional basement) and approximately 18,235 square feet of additional development rights. Offering a curb cut and indoor parking, this is an incredible live/work or development opportunity on a prime Chelsea block. Built in 1915 and formerly the Chelsea Day School, 245 West 18th Street is currently configured as a ground floor open creative studio with two bathrooms, kitchen, and a parking spot. The second floor is a 1,826 sf two-bedroom, one-bathroom residential unit designed by Deborah Berke. A 32-by-21-foot great room with a skylight features two walls of built-in shelves, flanked by two bedrooms. The open kitchen features dark soapstone countertops and painted birch cabinetry with reclaimed Douglas Fir floors and beamed ceilings. This level opens onto a large private landscaped garden and roof deck. 245 West 18th Street offers an end-user the extremely rare opportunity to convert the existing building with sprawling footprint into a one-of-a-kind mansion, or allows a developer the opportunity to convert the building to high-end luxury rentals, condominiums, flagship office space and more, all in one of the most coveted neighborhoods and on one of the most desirable streets in New York City.

Features & Amenities

Interior Features

Smoke Free Building Other

Building Amenities

Green Building

Building Information

Total Units 2
Stories 2
Structure MixedUse

Financial Details

RE Taxes $84,456/yr ($7,038/mo)
Original Price $16,500,000
Sale Price $12,347,500
Previous Price $12,495,000

Chelsea 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 seamlessly blends industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside charming pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

272

Median Asking Price

$1.90M

Median $/Sqft

$1,786

Avg Days on Market

N/A

New This Week

20

Price Reduced

25%

Sold (30 Days)

31

Median Sale Price

$1.93M

Live data from RLS at REBNY • Updated 3/25/26, 5:16 AM EST

Similar Listings in Chelsea

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Location

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245 W 18TH Street, Chelsea, New York County

Floor Plans

Floor Plan
MLS® ID: RLS10966764
First Listed: 2/13/2024
On Market: 10/27/2023
Price Changed: 11/22/2024
Closed: 11/21/2024
Contract Date: 10/27/2023

Listing Courtesy of Douglas Elliman Real Estate - Raphael DeNiro

Listing Contact: (212) 460-0655

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.

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RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 3/25/2026 at 9:16 AM UTC

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