Manhattan condos $1,629/sf 2%Manhattan co-ops $283K/room 5%Central Park perimeterPark Ave $478K/room 19%CPW $350K/room 5%Fifth Ave $501K/room 19%Billionaires' Row $4,272/sf 24%Tribeca $1,941/sf 2%
Full index →
Condominium · 2008
The Caledonia
450 West 17th Street, New York, NY 10011
Buildings·Chelsea·Condominium

450 West 17th Street (The Caledonia)

450 West 17th Street, New York, NY 10011

Chelsea

BBL 1007147501 · BIN 1080359

CorridorChelsea
At a glance
Year built
2008
Type
Condominium
Units
190
Floors
24
Board & building profile
Financing
No financing cap (condo). Owner may mortgage in any amount of the owner's choosing; purchase not contingent on financing.
Subletting
Permitted. Leasing allowed with no owner-occupancy requirement; Board holds a right of first refusal on any lease; short-term leases must exceed 30 days.
Land
Owned (fee). Block 714, Lot 1; ~52,875 sq ft.
Tax status
Built under a partial 421-a exemption application (original 421-a building, completed ~2008); confirm current abatement burn-off / phase-out status, as benefits have likely expired.

Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.

The Data Room

Every recorded sale at this building, 2008–2026

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Median $/sf
$1,984
Listing discount
5.6%
Recorded sales
377
On record
2008–2026

The Caledonia is the first luxury condominium on the High Line — a 2008 Handel Architects commission with Clodagh interior design. That distinction is more than marketing copy: the building enjoys direct High Line access, the original luxury foothold on the elevated park. It also helped build the park it sits beside, contributing a $28 million provision to High Line Park toward public access infrastructure. The design sensibility carries indoors to a Richard Serra-inspired through-block lobby, where architectural records note a "concierge desk inspired by Richard Serra" set on a "solid walnut slab atop a corten steel base."

Local Law 97

Carbon-penalty exposure
🟠
Material — penalties in current period, escalating in 2030
2024–2029 annual penalty
$63,798/yr
2030–2034 annual penalty
$423,178/yr
Per unit / month range
$11 – $75
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

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.

Inspection history
2015–20
SWARMP
2020–25
SWARMP
2025–30
2025–30
Due
Next report due
by Feb 2027
The three grades, in buyer terms
SafeLatest filing: Safe — no repairs required at that inspection.
SWARMPLatest filing: repairs required before the next inspection cycle.
UnsafeLatest filing: unsafe conditions requiring corrective action.

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 →

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.

DateUnitApartmentPricePPSFvs. Ask
Jun 26, 20261910
1 BR · 1 BA · 689 sf
$1,618,000$2,348/sf-4.3%
Feb 13, 20261009
1 BA · 531 sf
$860,000$1,620/sf+4.9%
Oct 6, 20251509
4 BR · 2.5 BA · 1,637 sf
$5,795,000$3,540/sf-21.6%
Sep 8, 20252302
1 BR · 1 BA · 730 sf
$1,695,000$2,322/sf-5.6%
Jun 16, 20251206
2 BR · 2 BA · 1,228 sf
$2,600,000$2,117/sf-7.0%
Jun 10, 20252503
2 BR · 2 BA · 1,038 sf
$2,550,000$2,457/sf+2.0%
May 29, 20251116
1 BA · 561 sf
$1,035,000$1,845/sf-3.7%
Apr 21, 20251205
1 BR · 1 BA · 712 sf
$1,630,000$2,289/sf-3.8%

Market read. Most recent trades (2026) cleared a median $1,984/sf across 2 sales. Median listing discount 5.6% 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.

1803 · 1,038 sf+140%
$993,506 ($957/sf) 2009$2,380,000 ($2,293/sf) 2018
1506 · 531 sf+140%
$337,200 ($635/sf) 2010$810,000 ($1,525/sf) 2012
1115 · 688 sf+96%
$765,469 ($1,113/sf) 2008$1,497,500 ($2,177/sf) 2018
1811 · 635 sf+95%
$809,508 ($1,275/sf) 2009$1,090,900 ($1,718/sf) 2012$1,580,000 ($2,488/sf) 2018
1123 · 635 sf+95%
$695,719 ($1,096/sf) 2008$1,355,000 ($2,134/sf) 2016
View all 377 recorded sales, sortable

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 1-00714-7501) 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

The first-luxury-condo-on-the-High-Line credential is real institutional context.

The Handel Architects pedigree connects to substantial NYC residential body of work.

The Clodagh interior design produces premium residential register.

The Equinox fitness center in-building is real institutional amenity infrastructure.

The $28M High Line Park provision is real institutional civic context.

The condominium-plus-rental wing configuration produces varied operational character.

Comparable buildings


Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.

The neighborhood

For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.

Considering a move at The Caledonia?

Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
Considering a sale?

Own an apartment here? See what it would sell for.

A Private Pricing Opinion — what your apartment at The Caledonia 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.