- Type
- Condominium
- Landmark
- No
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 246 West 18th Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
246 West 18th Street is a ground-up condominium on a mid-block Chelsea site between Seventh and Eighth Avenues, replacing two low-rise buildings. Chelsea's recent new condominium supply is concentrated on the far west side near the High Line and Hudson Yards; a boutique building of 21 residences east of Eighth Avenue, within a short walk of the 14th Street A, C, E and L station and the 1 train at 18th Street, is a different kind of product.
The building is not yet in sales. The sponsor submitted its plan in March 2026 and no acceptance is on record, so no one can sign a binding contract today. Construction began in the second half of 2025, the concrete frame had reached the fifth floor by February 2026, and the on-site sign gave a March 2027 completion, per published construction reporting.
For a buyer, the case is new construction on a Chelsea cross street, with an average home of about 1,450 square feet per the published reporting, outdoor space on the upper floors and enclosed parking.
Architecture and residences
Published construction reporting describes a floor-to-ceiling glass facade framed by an irregular grid of protruding metal mullions, rising uniformly to the eighth floor, followed by stepped setbacks and a cantilevered volume at the top, finished with a bulkhead clad in black louvers. Terraces with glass railings sit on the setbacks and roof.
The reporting gives 35,679 square feet in total, 21 condominium homes averaging 1,457 square feet, and 8,005 square feet of commercial space on the first and second floors. The Attorney General plan lists 21 residential units and no commercial unit, so the commercial space is either outside this plan or has not been included; the plan governs what a buyer buys. The unit mix and floor plans had not been published as of October 2026.
The Department of Buildings new-building filing records 11 stories, a proposed height of 124 feet and 21 dwelling units. An earlier 2022 filing, since withdrawn, described a 10-story building with 29 dwelling units.
Offering and pricing
Per the offering plan submitted to the New York State Attorney General (CD260098), the plan was submitted March 16, 2026, lists 21 residential units and carries a total offering price of $69,238,280. No acceptance, effective date or amendment appears on the record.
That total implies about $3.3 million per residence, and, using the published average size of 1,457 square feet, about $2,260 per square foot. Both figures are arithmetic on the plan total, not a price list; Schedule A of the plan sets each unit's price and the sponsor can amend it before launch.
No asking prices or sales launch had been published as of October 2026. Market-based expectations come from the nearby new-construction set listed below.
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What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 246 West 18th Street and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
What to know if you’re buying
Pre-launch means no contracts yet. Until the Attorney General accepts the plan, the sponsor cannot sign binding purchase contracts. Reservation or interest-list terms, if offered, are not a contract; get any such arrangement reviewed.
Deposit and contract. Sponsor contracts typically require a deposit of about 10 percent of the price, often split between signing and a later date. The Attorney General's statistical record for this plan shows a $30,000 deposit entry; the plan sets the actual schedule.
Taxes at closing. In sponsor sales the buyer customarily pays the state and city transfer taxes plus the state's graduated mansion tax on residential purchases of $1 million and up, plus title and lender costs. Use the calculators below.
Closing on a temporary certificate of occupancy. New condominiums commonly close on a temporary certificate of occupancy, the city's interim sign-off that the building is safe to occupy while final items remain open. The plan will state the sponsor's obligations on open work.
Common charges and taxes. The plan's budget will project both. The plan's tax disclosure states whether one applies and when it phases out. The sponsor controls the board until owners elect one under the declaration.
Building-specific points. The Department of Buildings records and the Attorney General plan each show 21 residences, but the architect credit and the commercial component differ across sources. Confirm both against the plan once it is accepted, and confirm what the ten parking spaces are: the plan lists no parking units, so they may be accessory or offered separately.
Comparable buildings
- 39 West 23rd Street — new-construction condominium on the Chelsea and Flatiron border
- 221 West 17th Street — loft conversion condominium with a rooftop addition, a block south
- 201 West 17th Street — Chelsea loft-conversion condominium
- 130 West 19th Street — Chelsea condominium on the next block
- 447 West 18th Street — west Chelsea condominium near the High Line
More Chelsea buildings
- 245 West 14th Street (Village Green West) — 2013 condominium by Kutnicki Bernstein Architects
- 246 West 16th Street (The Grid) — 1920 condominium
- 246 West 17th Street — condominium
- 249 Eighth Avenue (300 West 23rd Street) — 1931 co-op by Emery Roth
- 249 West 29th Street (249 West 29th Street) — 1927 co-op
- 250 West 15th Street — 1930 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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