319 West 18th Street (Chelsea Arms)
319 West 18th Street, New York, NY 10011
BBL 1007420022 · BIN 1013101
- Year built
- 1928
- Type
- Cooperative
- Units
- 60
- Floors
- 6
- Landmark
- No
- Amenities
- Renovated lobby and common halls, elevator, laundry room, private storage, bicycle room, live-in superintendent; some residences carry private outdoor space
- Financing
- Cooperative — up to 65 percent financing permitted per building records; verify against the board's current requirements at offer stage
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $758K
- Recent range
- $358K – $865K
- Listing discount
- 3.4%
- Recorded transfers
- 89
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Chelsea Arms 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.
The Chelsea Arms is a classic pre-war Chelsea cooperative — a 1928 Art Deco elevator building on a quiet residential block between Eighth and Ninth Avenues, converted to co-op ownership in 1986. In a neighborhood whose newer ownership stock is dominated by glass condominiums along the High Line and Tenth Avenue, the Chelsea Arms represents the older, quieter, more affordable path into Chelsea: a well-maintained pre-war building whose studios and one-bedrooms remain among the most accessible entry points to owning in the corridor.
The building's appeal is straightforward and durable. Pre-war construction gives the apartments the proportions the era is known for — generous room sizes, real plaster walls, hardwood floors, and windowed kitchens in many lines — inside a building that has kept its systems and common spaces current. The lobby and public halls have been renovated, there is a live-in superintendent, and the co-op's policies are notably accommodating for the format: pets are welcome, pieds-à-terre are permitted, and financing up to 65 percent is allowed, all of which broaden the building's buyer pool well beyond the stricter co-ops nearby.
For buyers, the thesis is value and stability: a pre-war Chelsea co-op with a sensible board posture, on a block a short walk from the shops of Eighth Avenue, the A/C/E and 1 trains, the High Line, and Chelsea's gallery district.
Architecture and unit composition
The Chelsea Arms rises six stories in the restrained Art Deco masonry idiom of its 1928 vintage, an elevator building of roughly 60 homes weighted toward studios and one-bedrooms. Studios run in the neighborhood of 500 square feet and one-bedrooms roughly 550 to 600 square feet, with the pre-war layout logic — defined rooms, good light, and windowed kitchens in many lines — that distinguishes the building from later open-plan construction. A number of homes carry private outdoor space. Renovation status varies apartment to apartment, which is the primary driver of pricing spread across otherwise comparable lines; buyers should confirm the condition, exposure, and room count of the specific unit.
Building operations
The Chelsea Arms runs as a stable, well-kept pre-war co-op: a renovated lobby and common halls, an elevator, a laundry room, a bicycle room, private storage, and a live-in superintendent. As a cooperative, purchases require board approval and are subject to the building's financial requirements — but the posture here is comparatively open, with pets welcome, pieds-à-terre allowed, and financing permitted up to 65 percent. Buyers should review the building's financials, maintenance history, any assessment history, and the sublet policy during diligence. We obtain current building documents from the managing agent for clients at offer stage.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $21,498/yr
- Per unit / month range
- $0 – $30
- Modeled exposure split equally across 60 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 FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Flip tax
- Flip Tax calculated based on number of years shareholder has owned the shares; Stock Transfer Fee $800
- Sublet policy
- Allowed (no pets for co-op sublets); Sublet Fee equal to 10% of monthly rent first year, 15% of monthly rent each new lease/year; short-term rentals & AirBnB not allowed
- Notable fees
- Max financing 80% of purchase price; corporate & diplomat purchase/lease not allowed
Recent sales
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 24, 2026 | 5I | 1 BR · 1 BA | $750,000 | -6.3% | |
| Jul 9, 2026 | 4H | 1 BR · 1 BA | $765,000 | -7.3% | |
| Apr 30, 2026 | 1F | 1 BA | $400,000 | -2.0% | |
| Nov 13, 2025 | 1A | 1 BR · 1 BA | $687,500 | -1.8% | |
| Jun 9, 2025 | 1E | 1 BR · 1 BA · 650 sf | $765,000 | $1,177/sf | -1.3% |
| Jun 27, 2024 | 1C | 1 BA | $375,000 | -5.1% | |
| May 21, 2024 | 3G | 1 BA | $450,000 | -2.2% | |
| Apr 1, 2024 | 2G | 1 BA · 400 sf | $410,000 | $1,025/sf | off-mkt |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,223/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 1.9% 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 1-00742-0022). 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; square footage on co-ops is not officially recorded, figures shown are approximate.
Closed rents at The Chelsea Arms, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 7 | $5,200 |
| 2 bedroom | 39 | $7,500 |
47 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $750K (5 transfers since 2024), a buyer putting 25% down would pay about $11,363 to close, or 1.5% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,363
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Price the maintenance, not just the ask. In a co-op, the monthly maintenance carries the building's operating costs plus the underlying mortgage and taxes — it is central to the true cost of ownership. Run the True Monthly Carrying Cost Calculator with the actual maintenance figure before you compare against condo alternatives.
The board posture is comparatively open. Pets welcome, pieds-à-terre permitted, and financing to 65 percent broaden who can buy here — an advantage on both purchase and eventual resale. Still, confirm the current board requirements and sublet policy in writing.
Renovation status drives the spread. Condition, not floor plan, separates most comparable homes in this building. Price the renovation you're buying — or the one you'll need to do.
Pre-war proportions are the product. Room sizes, light, and windowed kitchens are what distinguish these homes from later construction. Value them against the newer open-plan condominium studios and one-bedrooms nearby.
Board approval means a real process. As a co-op, expect a board package and interview. Build the timeline into your planning; it is slower than a condo closing.
What to know if you’re selling
Lead with the accessible-entry story. The Chelsea Arms is one of the more attainable ways to own in Chelsea, with an open board posture. That reaches a wide buyer pool — market it directly.
Comp within the building by room count and condition. With roughly 60 homes weighted toward studios and one-bedrooms, the building's own history anchors pricing well; adjust primarily for renovation status and outdoor space.
Present the maintenance and financials cleanly. Co-op buyers underwrite the building as much as the apartment. A clear picture of maintenance, reserves, and any assessment history moves deals.
Comparable buildings
If you're considering 319 West 18th Street, also evaluate:
- London Terrace (410–470 West 23rd Street) — the landmark full-block pre-war Chelsea co-op and condominium complex; the larger-format pre-war alternative
- The Chelsea Lane and other pre-war co-ops on the West 20s — comparable vintage and format nearby
- 245 Seventh Avenue — full-service Chelsea condominium; the newer, higher-carry alternative
- 555 West 23rd Street — full-amenity West Chelsea rental-to-condo-grade alternative near the High Line
- Pre-war co-ops along Eighth and Ninth Avenues in the West 10s and 20s — the direct value comparison set
More Chelsea buildings
- 315 Seventh Avenue (Chelsea) — 1926 condominium
- 315 West 23rd Street — 1926 co-op
- 316 West 22nd Street — 1836 co-op
- 319–321 West 14th Street — 1910 co-op
- The Colonnade, 324 West 23rd Street — 1911 condominium
- 326 West 22nd Street — co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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.
Considering a move at The Chelsea Arms?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.