- Year built
- 1926
- Type
- Condominium
- Landmark
- No
- Pets
- Pets permitted
- Subletting
- Investor-friendly — subletting permitted under the condominium rules
Every recorded sale at this building, 2001–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,359
- Listing discount
- 3.3%
- Recorded sales
- 168
- On record
- 2001–2026
315 Seventh Avenue — Kheel Tower — is a 1926 Art Deco loft building converted to condominium ownership on the northern edge of Chelsea, where the old Garment District gives way to NoMad and the Flatiron. Built for the original owner Samuel Kheel and designed by William I. Hohauser, it began life as a commercial loft tower, ran for years as a rental, and later converted to a condominium once its tax abatements had run their course. What that history left behind is the thing buyers respond to: genuine loft space — eleven-foot ceilings, deep floor plates, and big western light over the low-rise blocks toward the Hudson — inside a true condominium.
For a buyer, Kheel Tower is the pre-war loft done as a condominium: authentic Art Deco bones, a vaulted marble lobby, and the tall ceilings and open volume that a purpose-built residential tower of the same era rarely delivers, in a central location one block from Penn Station and steps from the Flatiron. Its condominium structure — no co-op board approval, financing flexibility, and permission to sublet — is what separates it from the pre-war cooperatives that dominate the surrounding blocks, and it widens the buyer pool to investors and pied-à-terre purchasers as well as primary residents.
Architecture and unit composition
The building is a confident 1926 loft tower, twenty-two stories in masonry, designed by William I. Hohauser in an Art Deco idiom with Gothic Revival detailing and a series of setbacks on the upper floors. The lobby is a vaulted, Gothic-inspired marble space that signals the building's era before the elevator doors open. It carries no ornate landmark designation; its appeal is the fundamentals of a well-built commercial loft — ceiling height, deep light, and the sturdy massing of a 1920s tower.
The residences are loft-style layouts — studios, one-bedrooms, and two-bedrooms, some of them combinations — with eleven-foot ceilings, generous window walls, and, on the setback floors, several homes with private terraces. As with any loft conversion, floor and exposure drive the experience: the higher and west-facing lines take open light across the low-rise blocks toward the Hudson and New Jersey, while lower and rear units trade at a discount. The setbacks give the upper lines outdoor space and a sense of openness uncommon in a mid-block building.
Building operations
315 Seventh Avenue runs as a practical, well-staffed condominium — a live-in resident manager, attended elevator service that handles packages, laundry on multiple floors (with in-unit washer/dryers permitted in many homes), additional resident storage, and video security with intercom. It is not a modern amenity tower and makes no such claim; there is no roof deck or in-building gym, and the neighborhood's abundance of fitness options fills that gap. The staffing is the high-touch, hands-on model of a converted loft building rather than the full lobby package of a new-construction condo. As a condominium, purchases follow standard condo mechanics rather than a co-op board's approval process, and subletting is permitted under the building's rules.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $5,218/yr
- Per unit / month range
- $0 – $5
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials 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 →Management & transfer contacts
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 |
|---|---|---|---|---|---|
| Jun 24, 2026 | 3C | 1 BR · 1 BA · 736 sf | $882,000 | $1,198/sf | -1.9% |
| Jun 18, 2026 | 17A | 1 BR · 1 BA · 775 sf | $1,125,000 | $1,452/sf | +0.0% |
| May 26, 2026 | 18D | 1 BA · 530 sf | $720,000 | $1,358/sf | -7.6% |
| Dec 22, 2025 | 10E | 1 BA · 477 sf | $635,000 | $1,331/sf | -1.6% |
| Jul 31, 2025 | 16D | 1 BA · 540 sf | $735,000 | $1,361/sf | -5.8% |
| Jun 23, 2025 | 2A | 1 BR · 1 BA · 770 sf | $1,035,000 | $1,344/sf | -11.9% |
| Dec 16, 2024 | 18B | 1 BR · 1 BA · 795 sf | $785,000 | $987/sf | -12.3% |
| Sep 6, 2023 | 2C | 1 BR · 1 BA · 736 sf | $1,037,500 | $1,410/sf | -5.7% |
Market read. Most recent trades (2026) cleared a median $1,359/sf across 3 sales. Median listing discount 3.3% 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 1-00803-7501) 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, so a purchase runs on standard condo mechanics rather than a co-op board package and interview — a meaningful practical advantage for buyers who want speed, financing flexibility, or the ability to rent. The pet-friendly, sublet-permitted rules make it one of the more flexible options on these blocks, which are otherwise dominated by pre-war cooperatives.
The most important on-site distinctions are floor, ceiling volume, and exposure. The higher west-facing lines with open light and the setback homes with private terraces are the ones that hold value best; lower interior units are the value entry point. The location is a genuine asset — the building sits across from the Fashion Institute of Technology, one block from Penn Station and Moynihan Train Hall, and a short walk from Madison Square Park, the High Line, and the 1/2/3, N/R/W, and F/M subway lines. Comparable analysis belongs against Chelsea, NoMad, and Flatiron loft condominiums.
What to know if you’re selling
Loft character and condo flexibility are the marketing core. Eleven-foot ceilings, a vaulted marble lobby, big western light, and true condominium ownership with permitted subletting are an easy story to tell, and they genuinely broaden the buyer pool — investors, pied-à-terre buyers, and primary residents all qualify.
Benchmark within the building and against Chelsea and NoMad loft condos. With regular in-building turnover, recent comparable sales here are the first reference point; floor, light, exposure, ceiling volume, and renovation status determine where a unit lands, on a dollars-per-square-foot basis.
Light, ceilings, and terraces are the on-site differentiators. High-floor west-facing homes and the setback lines with private outdoor space should anchor positioning; the Art Deco lobby is an amenity worth foregrounding.
Closing timelines are condo-fast. With no board package or interview, a well-prepared condo sale moves efficiently from contract to closing — we manage that process end to end.
Comparable buildings
If you're considering 315 Seventh Avenue, also evaluate nearby Chelsea, NoMad, and Flatiron condominiums:
- 133 West 28th Street — NoMad-edge loft condominium
- 251 West 19th Street — a boutique 1910 prewar loft condominium
- 133 West 22nd Street — Chelsea loft condominium
- 254 Park Avenue South — NoMad / Flatiron pre-war condominium
- 141 Fifth Avenue — Flatiron condominium
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
Considering a move at Kheel Tower?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Kheel Tower 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.