- Year built
- 2011
- Type
- Condominium
- Floors
- 12
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at No marketed marquee name 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.
306 Eighth Avenue is a full-service contemporary condominium at the northeast corner of Eighth Avenue and West 26th Street, in the heart of Chelsea. Completed in 2011, it is a new-construction mid-rise with ground-floor retail and a full amenity program, sited at one of the neighborhood's most connected corners — steps from the Chelsea gallery district to the west, the Flatiron and NoMad corridors to the east, and the transit and dining density of Eighth Avenue.
The building's appeal is straightforward: modern construction, full building services, and a central Chelsea address inside a flexible condominium. It offers the transactional latitude of condo ownership — pieds-à-terre, investment use, and subletting all permitted — in a neighborhood where buyers prize both flexibility and access.
For-sale inventory at 306 Eighth Avenue tends to be thin, and a meaningful share of apartments is held by investors, so the building trades less frequently than some Chelsea condos. That relative scarcity is worth understanding on both sides of a transaction: buyers should be prepared to act when the right unit appears, and sellers benefit from limited comparable competition within the building.
Architecture and unit composition
The building rises approximately 12 stories in a contemporary new-construction envelope with ground-floor retail along Eighth Avenue. It occupies a corner parcel that also carries West 26th Street addresses.
Apartments are 2011-era new construction — modern kitchens and baths, efficient layouts, and good light on the avenue and corner exposures. Floor, exposure, outdoor space where present, and specific line are the primary pricing variables; corner and higher-floor units capture the best light and views.
Building operations
306 Eighth Avenue operates as a full-service condominium: a full-time doorman and concierge, a live-in resident manager, a fitness center, a resident lounge, a children's playroom, a bicycle room, on-site laundry, common outdoor space, and parking. Pets are permitted under building rules.
As a condominium, the building offers standard condo flexibility — pieds-à-terre, investment use, and subletting are permitted under the declaration. Common charges and property taxes should be modeled for the specific apartment; buyers should review the current financials, any assessments, and the reserve position during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $22,847/yr
- Per unit / month range
- $0 – $9
- Modeled exposure split equally across 204 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2034
- Years remaining
- ~9 yrs
- Program
- 421-a (20-year)
A long-dated tax benefit still in place — a meaningful carrying-cost advantage today. Note the eventual step-up toward full taxes when the abatement ends.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2035 runs July 1, 2034 to June 30, 2035.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Recent sales
306 Eighth Avenue trades as a Chelsea condominium read on a price-per-square-foot basis. Because for-sale inventory is thin and a share of the building is investor-held, comparable sales within the building can be sparse, and apartment-level pricing should be triangulated against nearby Chelsea condos of similar vintage and service level. Floor, exposure, line, and renovation condition are the primary drivers.
The building's value proposition — modern construction, full amenities, and a central Chelsea corner inside a flexible condominium — supports demand when apartments become available, notwithstanding the building's lower trading velocity.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| May 20, 2011 | — | $614,459 |
| May 6, 2011 | — | $1,412,500 |
| May 20, 2011 | — | $614,459 |
| Apr 14, 2011 | — | $1,412,500 |
| Aug 20, 2007 | — | $2,500,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00775-7502). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
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.
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What to know if you’re buying
Inventory is thin. The building trades less frequently than some Chelsea condos, and a share of units is investor-held. Be prepared to act when the right apartment appears.
Condo flexibility is real. Pieds-à-terre, investment use, and subletting are permitted under the declaration.
Amenities are full-service. Doorman, fitness center, lounge, playroom, and parking put the building at a high service tier for its size. Confirm what carrying costs support them.
Triangulate pricing. Because within-building comparables can be sparse, price against comparable nearby Chelsea condos of similar vintage and service level.
Model the full carry. Confirm common charges, property taxes, and any assessment for the specific apartment.
What to know if you’re selling
Limited competition is your leverage. Thin inventory within the building means fewer directly comparable units competing for buyers. Price and market to that advantage.
Lead with location and amenities. A central Chelsea corner, modern construction, and a full-service program are the marketing story. Foreground them.
Prepare for a triangulated valuation. With sparse within-building comparables, a clear analysis against nearby Chelsea condos supports pricing confidence for buyers.
Comparable buildings
If you're considering 306 Eighth Avenue, also evaluate:
- 100 West 18th Street — full-service Chelsea condominium
- 250 West 15th Street — Chelsea condominium nearby
- 245 Seventh Avenue — Chelsea condominium with full amenities
- Chelsea — the broader corridor
More Chelsea buildings
- 291 Seventh Avenue — 1907 condominium
- 300 West 30th Street — 2020 condominium
- 305 West 18th Street — 1950 condominium
- 308 West 30th Street (The Irvin House) — 1925 condominium
- 313 Eighth Avenue (313 Eighth Avenue) — 1963 co-op
- 315 Seventh Avenue (Chelsea) — 1926 condominium
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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