Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
227 W 17th Street #7

For Sale · Listing by Sothebys International Realty

227 W 17th Street #7

Chelsea, Manhattan

$9,900,000

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Active For Sale • Co-op

$9,900,000

$2,063 per sq ft

227 W 17th Street #7

Chelsea, Manhattan

MLS® #RLS20051865

RLS at REBNY

Listing by Sothebys International Realty

3
Bedrooms
2.5
Baths
4,800
Sq. Ft.
1910
Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Living Area 4,800 sq ft
Lot Size 4,800 sq ft
Year Built 1910
Ownership Co-op
Maintenance $7,724/mo
Neighborhood Chelsea
Floor 7 of 8

Property Highlights

  • Views: City, Skyline
  • Exposure: North,South facing
  • Climate Control: Central Air, Other

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full, 1 Half
Floor 7 of 8
View City, Skyline
Exposure North,South
Cooling Central Air, Other
Pets Yes, CatsOk, DogsOk
Year Built 1910
Living Area 4,800 sq ft
Structure Type MultiFamily
Furnished Unfurnished
Lot Size 4,800 sq ft
Block/Lot 00767/0019

Listing History

Event Date Price Change
Listed Oct 21, 2026 $9,900,000 -
Price Reduced Oct 21, 2026 $10,500,000 +6.1%

Description

For the first time ever, this bespoke full-floor loft — designed and reimagined by visionary architect, Charles Gwathmey — comes to market as a true collector’s item. Renowned for his 1992 renovation and expansion of New York’s Guggenheim Museum, Gwathmey infused this ~4,800-square-foot residence, created for his son, with his unmistakable modernist touch. Purchased long before Chelsea became the cultural hub it is today, the residence embodies both timeless artistry and museum-quality refinement. A keyed elevator opens directly into a pristine foyer, unfolding to a dramatic great room lined with 14 oversized windows framing sweeping southwestern views. Soaring beamed ceilings, original columns, and pre-war detailing honor the building’s history, while Gwathmey’s minimalist aesthetic infuses the home with serene sophistication. The flexible layout balances scale with intimacy, offering two bedrooms plus a windowed home office, a media room with built-in library shelving, and two and a half baths. Expansive walls provide a gallery-like backdrop for significant art collections, transforming the home into a private exhibition space as much as a residence. The chef’s kitchen marries industrial edge with refined craftsmanship: bespoke oak cabinetry, professional-grade appliances, a monumental steel-topped island, and a discreet glass-enclosed pantry with generous storage and full-sized laundry room. The primary suite is a sanctuary, complete with a massive custom walk-in closet and an extraordinary spa-inspired bath of stone and steel, awash in natural light. A sleek stainless-steel vanity and dramatic gallery-like open space anchor the design, complemented by a glass-enclosed shower and private powder room. The guest suite offers equal distinction, featuring a soaking tub and refined stone finishes. Located at 227 West 17th Street, a boutique eight-story building with only five residences, this offering is as rare as it is remarkable. Residents enjoy a full-time superintendent, secure entry, and close proximity to Chelsea’s acclaimed dining, galleries, the High Line, the Whitney Museum, and the Hudson River Esplanade. Pets permitted; subletting permitted; 2% flip tax. This is not simply a loft — it is a once-in-a-generation opportunity to own a piece of architectural history.

Features & Amenities

Interior Features

Common On Floor Common Area In Unit

Building Amenities

Elevators Recreation Room Clubhouse

Appliances

Dryer Dishwasher Washer

Building Information

Building Data View Compliance & Permits
Total Units 9
Stories 8
Structure MultiFamily

Financial Details

Maintenance $7,724/mo
Previous Price $10,500,000

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 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 Neighborhood

Active Listings

292

Median Asking Price

$1.61M

Median $/Sqft

$1,942

Avg Days on Market

N/A

New This Week

14

Price Reduced

33%

Sold (30 Days)

33

Median Sale Price

$1.72M

Live data from RLS at REBNY • Updated 10/21/26, 1:36 PM EST

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Location

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227 W 17th Street #7, Chelsea, New York County

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1899
Year Built
127 years old
3
Floors
3
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $210,900
Land Value: $21,000
Exemptions: $0

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

Lot Area: 1,958 SF
Building Area: 3,124 SF
Built FAR: 1.6
Allowed FAR: 2

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 monthly maintenance are $7,724 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 4,800 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property: Pets Allowed. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $9,900,000 for 4,800 sq ft, the asking price per square foot is approximately $2,063. 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) 416-7433
MLS® ID: RLS20051865
First Listed: 9/30/2025
On Market: 10/21/2026
Price Changed: 10/21/2026
Contract Date: 7/24/2025

Listing Courtesy of Sothebys International Realty - Kristi Ambrosetti

Listing Contact: (917) 763-8504

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.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/21/2026 at 5:36 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Chelsea Market Update

33 sales last 30 days · $1.61M median · 8.8 months supply

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Quick Facts

Status Active Type Co-op Neighborhood Chelsea Borough Manhattan
County New York
Floor 7 of 8
Year Built 1910
First Listed 9/30/2025
Living Area 4,800 sqft
Maintenance $7,724/mo

Monthly Costs Estimate

Down Payment 20%

$1,980,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $7,724
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$222,750

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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