- Year built
- 1983
- Type
- Condominium
- Units
- 43
- Floors
- 11
- Landmark
- No
- Pets
- Pet-friendly
- Subletting
- Permitted under the condominium declaration; confirm current terms at offer stage
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,618
- Listing discount
- 3.7%
- Recorded sales
- 52
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Cheyney 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 Cheyney is a well-located boutique condominium on one of Chelsea's main east–west corridors, a block from the Chelsea Hotel and within easy reach of the High Line, the galleries, and the A/C/E and 1 subway lines. Built new as a condominium in 1983, it belongs to the small cohort of early-1980s Chelsea buildings that delivered condominium ownership — with the flexibility that implies — well before the neighborhood's later luxury wave.
It is a moderately-priced, practical building rather than a trophy address: 43 residences across eleven stories, a landscaped roof deck, part-time door service, and a live-in super. The south-facing units look over the protected brownstone gardens of West 22nd Street, which gives those lines a quiet, low-rise outlook uncommon at this price point.
For buyers, the appeal is condominium flexibility in a central Chelsea location at a price below the neighborhood's newer glass towers. It prices accordingly — as a well-run, well-sited boutique condo.
Architecture and unit composition
The 43 residences distribute across eleven stories in an early-1980s brick envelope with consistent fenestration and sidewalk landscaping. The building is thoughtfully oriented: south-facing residences carry double-glazed sliding windows over the West 22nd Street garden block, while the north side faces West 23rd Street with double-hung windows.
The unit mix runs from a studio through one- and two-bedroom layouts, with select residences carrying terraces or balconies and at least one garden duplex offering roughly 1,000 square feet of private outdoor space. Interiors vary by renovation, and that condition variance drives much of the pricing spread within the building.
Building operations
The Cheyney is a boutique condominium with a part-time doorman, a live-in resident superintendent, an elevator, a landscaped common roof deck, and an in-building laundry room. There is no on-site parking garage — noted as a tradeoff for the building's scale and price point. Heat is included per building descriptions.
As an early-1980s building, mechanicals and the envelope are mature but well within normal range for a maintained boutique condo. As with any condominium, buyers should review current financial statements, the reserve study, board minutes, and any active or planned assessments during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
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).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
344 West 23rd Street prices as a boutique Chelsea condominium, read on a price-per-square-foot basis, and the garden duplex trades at a premium reflecting its private outdoor space. As a condo, the unit-level variables — floor, exposure (the south-facing garden outlook in particular), outdoor access, and finish condition — drive most of the pricing spread. Pricing is best read at the apartment level.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings 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 |
|---|---|---|---|---|---|
| Aug 28, 2026 | 1E | 2 BR · 2.5 BA · 1,500 sf | $2,495,000 | $1,663/sf | +0.0% |
| Jul 16, 2025 | 4B | 1 BR · 1 BA · 736 sf | $865,000 | $1,175/sf | -3.8% |
| Jul 1, 2025 | 2C | 2 BR · 2 BA · 1,137 sf | $1,895,000 | $1,667/sf | +0.0% |
| Jun 3, 2025 | 5B | 1 BR · 1 BA · 737 sf | $1,112,500 | $1,509/sf | -3.3% |
| Sep 4, 2024 | 6A | 2 BR · 2 BA · 1,000 sf | $1,705,000 | $1,705/sf | -10.0% |
| Apr 17, 2024 | 2B | 1 BR · 1 BA · 736 sf | $1,050,000 | $1,427/sf | -4.5% |
| Jan 31, 2024 | D | 2 BR · 2.5 BA · 1,525 sf | $2,800,000 | $1,836/sf | -5.1% |
| Feb 9, 2023 | 3E | 1 BR · 1 BA · 776 sf | $975,000 | $1,256/sf | -11.4% |
Market read. Most recent trades (2026) cleared a median $1,618/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 3.7% 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 1-00746-7502). 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; square footage from recorded condo declarations and offering plans.
Closed rents at The Cheyney, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 3 | $7,950 |
| 3 bedroom | 2 | $9,250 |
6 closed leases, October 2023 to September 2026. Most recent lease March 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 $1.9M (4 sales since 2024), a buyer putting 25% down would pay about $77,209 to close, or 4.1% of the price.
- Mansion tax: $18,950
- Mortgage recording tax: $27,359
- Title insurance: $8,528
- Attorneys, lender, building fees, reserves and filings: $22,372
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
South exposure is the differentiator. Units looking over the West 22nd Street garden block carry a durable light-and-outlook advantage. Confirm exactly what a given line sees.
Know the service level. Part-time door service and a live-in super — full building coverage but not a 24-hour doorman. Weigh that against the price point.
Condition drives price. Renovation quality varies unit to unit. Inspect kitchens, baths, and mechanicals, and price against comparable condition.
Condo flexibility is real. 30–45 day closings; pied-à-terre, investment, LLC, trust, and foreign-buyer purchases are permitted under the declaration; subletting is allowed. Confirm current sublet rules with management at offer stage.
Mansion tax may apply. At this pricing the mansion tax and its cliff thresholds can be in play. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Lead with location and light. The Chelsea Hotel adjacency, the High Line proximity, and the south-facing garden outlook are the headline advantages.
The garden and terrace units are their own market. Outdoor space should be marketed distinctly from interior-only lines.
Closing timelines are condo-fast. 30–45 days from contract to closing.
Comparable buildings
If you're considering 344 West 23rd Street, also evaluate:
- 515 West 18th Street — Heatherwick Studio's 22-story twin-tower Chelsea condominium
- 520 West 28th Street — Dame Zaha Hadid's only Manhattan residential project, completed posthumously in 2017. An 11-story boutique condominium
- One High Line (76 Eleventh Avenue) — West Chelsea / High Line condominium
- Chelsea — the broader corridor and its condominium market
More Chelsea buildings
- 340 West 19th Street — 1920 co-op
- 341 West 29th Street — 1846 condominium
- Eastville Gardens, 342–346 West 21st Street — 1940 co-op
- 345 West 14th Street (345 Meatpacking) — 2013 condominium by DDG
- 347 West 22nd Street — 1841 co-op
- 350 West 23rd Street — 2006 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.
Considering a move at The Cheyney?
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