- 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, 2003–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,502
- Listing discount
- 4.5%
- Recorded sales
- 47
- On record
- 2003–2025
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.
Recent sales
344 West 23rd Street prices as a boutique Chelsea condominium, read on a price-per-square-foot basis. Recent closed sales have run broadly in the low-to-mid $1,000s per square foot; one-bedrooms have traded in the mid-$1 millions, two-bedrooms higher, and the garden duplex 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. Specific recent figures should be confirmed against current recorded transfers at offer stage.
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 |
|---|---|---|---|---|---|
| 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 | off-mkt |
| 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% |
| Jul 19, 2022 | PHC | 2 BR · 2.5 BA · 1,250 sf | $2,900,000 | $2,320/sf | -3.3% |
Market read. Most recent trades (2025) cleared a median $1,502/sf across 3 sales. Median listing discount 4.5% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Apr 13, 2006 | 9A | $1,125,000 |
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) 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
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 — West Chelsea condominium
- 520 West 28th Street — Zaha Hadid West Chelsea condominium
- 76 Eleventh Avenue — West Chelsea / High Line condominium
- Chelsea — the broader corridor and its condominium market
The Roebling Team at The Cheyney
The Roebling Team at Compass works across the Chelsea condominium market. We publish this profile because buyers and sellers in boutique buildings deserve building-specific intelligence: architecture, operations, and pricing read at the apartment level, not generic market commentary.
If you're considering a purchase or sale at 344 West 23rd Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
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