- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2008–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $3,180
- Listing discount
- 5.0%
- Recorded sales
- 71
- On record
- 2008–2025
246 West 17th Street is a textbook example of the smart Chelsea conversion: a three-story 1925 industrial building that was kept, reinforced, and crowned with seven new floors to become a boutique 10-story condominium of 31 homes, completed in 2008. The result is a hybrid that delivers what new Chelsea buyers most want — genuine loft proportions, full-service staffing, and on-site parking — in a building small enough that residents know one another and the common charges stay rational.
Most floors hold only four apartments, which keeps the building intimate and gives the homes real width and cross-light. The lower-floor residences inherit the muscular character of the original industrial structure — exposed structural concrete ceilings, wide spans — while the new upper floors deliver clean contemporary volumes with floor-to-ceiling glass. It is, in short, a loft building with a doorman and a garage, on a quiet mid-block stretch between Seventh and Eighth.
Architecture and unit composition
The conversion was designed to read as loft architecture rather than apartment architecture. Ceilings run from roughly 10 to 14 feet, floor-to-ceiling windows bring in light, and several homes retain exposed structural concrete ceilings that announce the building's industrial pedigree. With only 31 units across 10 floors — and typically four per floor — the layouts are generous, and the building's small scale means a tight, well-run condominium rather than an anonymous tower.
The standout feature for many buyers is the drive-in garage: residents can pull directly into the basement and take an elevator up to their floor — a genuine luxury in Chelsea, where street parking is effectively nonexistent and most buildings have no garage at all. Combined with the doorman, fitness room, and residents' lounge, the amenity package punches well above the building's modest unit count.
Building operations
246 West 17th runs as a full-service condominium. A 24-hour doorman and concierge staff the lobby; residents have a fitness room and a residents' lounge; and the on-site garage offers direct interior access. The building is pet-friendly, and as a condominium it offers the structural advantages owners value most in Chelsea — flexible financing, a light right-of-first-refusal in place of a co-op board package, and customary latitude for pied-à-terre, LLC, trust, and investment ownership. Subletting is materially freer than at the neighborhood's pre-war cooperatives, which makes the building attractive to owners who want flexibility as well as a primary residence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $24,694/yr
- Per unit / month range
- $0 – $66
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 10, 2025 | 4B | 2 BR · 2 BA · 1,322 sf | $3,975,000 | $3,007/sf | +20.6% |
| Jul 9, 2024 | 3E | 2 BR · 2.5 BA · 1,488 sf | $2,500,000 | $1,680/sf | -13.8% |
| Jun 13, 2024 | 5A | 1 BR · 2 BA · 1,018 sf | $1,900,000 | $1,866/sf | -5.0% |
| Feb 2, 2024 | 6B | 2 BR · 2 BA · 1,529 sf | $2,999,000 | $1,961/sf | -7.7% |
| Apr 28, 2023 | 6D | 2 BR · 1,488 sf | $2,795,000 | $1,878/sf | off-mkt |
| Jan 24, 2023 | 6C | 2 BR · 2 BA · 1,340 sf | $2,850,000 | $2,127/sf | -5.0% |
| Oct 24, 2022 | 5D | 2 BR · 2 BA · 1,488 sf | $2,865,000 | $1,925/sf | -4.4% |
| Aug 18, 2022 | 1B | 1 BR · 1.5 BA | $1,995,000 | +7.8% |
Market read. Most recent trades (2025) cleared a median $3,180/sf across 1 sale. Median listing discount 5.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00766-7504) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
This is a condominium purchase, which clears through a right-of-first-refusal rather than a co-op board interview — a faster, lighter path that is one of the building's core appeals. Financing is flexible, and pied-à-terre and entity purchases are customary. The most important diligence is the apartment itself: confirm the ceiling height and exposure that matter to you, whether a deeded garage space conveys, and the home's outdoor space if any. As with any conversion, buyers should review the condominium's financials, reserve fund, and any active building projects with their attorney before contract.
What to know if you’re selling
The selling story is loft character plus full service plus parking — a combination that is genuinely scarce in boutique Chelsea. Lead with the architecture: the exposed concrete, the ceiling height, the floor-to-ceiling glass, and, where it applies, the drive-in garage and any private outdoor space. Price against other boutique Chelsea loft condominiums with comparable ceiling height and amenities rather than against large glass towers, which carry a different cost and lifestyle profile. Because turnover is low and the building is small, a well-staged listing tends to concentrate motivated buyer demand.
Comparable buildings
If you're considering 246 West 17th Street, these nearby Chelsea condominiums and loft buildings are a useful comparison set:
- 151 West 17th Street — Chelsea condominium on the same block
- 212 West 18th Street — boutique Chelsea condominium nearby
- 224 West 18th Street — Chelsea loft-scale building
- 130 West 19th Street — Chelsea condominium to the north
- 121 West 19th Street — pre-war loft condominium in Chelsea
The Roebling Team at 246 West 17th Street
The Roebling Team at Compass specializes in Chelsea, the West Village, and the downtown loft market. We publish this profile because boutique conversions like 246 West 17th reward buyers and sellers who understand loft value — ceiling height, light, exposed structure, and the rare luxury of on-site parking. If you're considering a transaction here, a 30-minute consultation is the right place to begin.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
Get the full picture on this building.
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Own an apartment here? See what it would sell for.
A broker’s honest answer to three questions — what your apartment would likely sell for today, what it costs to sell, and what you’d walk away with — for your apartment at 246 West 17th Street, in this market. Put together by a person, not an algorithm.