- Year built
- 1854
- Type
- Cooperative
- Units
- 2005
- Floors
- 4
- Landmark
- No
Every recorded sale at this building, 2004–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,831
- Listing discount
- -1.2%
- Recorded sales
- 8
- On record
- 2004–2024
Two Anglo-Italianate row houses went up here in 1854, built on speculation by Morgan Pindar as the Chelsea grid filled westward toward the Hudson. Pindar built again on this block the following year, four doors east, and those houses are now a separate cooperative. These two were merged onto a single tax lot at some point in the twentieth century, converted to a six-apartment cooperative in 1982, and have been protected inside the Chelsea Historic District Extension since 1981.
Six apartments is the whole story of the building. It is not an institution with a staff and a budget; it is a small ownership group that happens to hold two houses. There is no elevator, no doorman, no amenity program, and — on the evidence of the public record — no underlying mortgage. That last point is worth stating plainly: no lender has recorded a blanket mortgage against this lot since the sponsor deeded the property to the tenants corporation in October 1982. Whatever the cooperative spends, it funds from maintenance, reserves or assessments, not from debt service baked into everyone's monthly.
The advantage of that structure is clean carrying cost and no refinancing risk. The exposure is the mirror image, and it is the exposure common to every very small prewar cooperative in Chelsea: six shareholders absorb the cost of a roof, a boiler, a Landmarks-compliant window program or a façade repair, and a single unexpected capital item lands hard. There is no published reserve figure to test that against, because this building has left no offering plan or audited statement in either document library. A buyer's diligence here is a document request, not a database query.
What survives instead is a very legible ownership record. Ten share transfers between 2004 and 2026, all to separate and unrelated purchasers, all at arm's length, with several apartments trading twice inside two decades — a normally functioning small co-op, not a rental wrapper. The most recent recorded transfer moved shares into a living trust.
Architecture and unit composition
Two houses of roughly sixteen and a half feet each on a 33.33-foot lot, four stories over cellars, about 8,100 square feet of building between them. The elevation is brownstone finished in brownstone stucco with rusticated stone at the base — the Anglo-Italianate idiom of mid-1850s Chelsea, which reads flatter and more restrained than the round-arched Italianate that arrived on the blocks to the east a decade later.
Six apartments across two four-story houses means the building averages three homes per house, so the layouts do not resolve into a tidy one-per-floor pattern; expect a mix of floor-throughs and duplexes, with the garden and top-floor apartments carrying whatever outdoor space exists. Lot depth of 98.75 feet against a building depth of 54 feet leaves genuine rear yard behind both houses, which is the single most price-relevant variable in a building this size after floor level. Department of Buildings filings record interior renovation work in 2005, 2007 and 2012, and PLUTO flags alterations in 1979 — the work that preceded the conversion and earned the J-51 — and again in 2009.
Building operations
A four-story walk-up cooperative of six apartments is run by its shareholders. There is no doorman and no elevator; superintendent coverage, porter service, heat and utility arrangements, and whether the building carries a managing agent at all are not established in the public record and should be confirmed in writing before contract. The practical operating questions in a building of this scale are narrow and answerable: who holds the boiler service contract, when the roof was last replaced, what the Landmarks permitting history looks like, and whether any assessment is running or contemplated.
Policy framework
Nothing in this building's policy stack is published anywhere. There is no offering plan on file in either the Compass Offering Plan Library or The Roebling Research Library, no recorded house rules, and no financial statement in the archive. Everything below has to come from the managing agent or the board, in writing, and should be obtained before an offer rather than after acceptance:
The board package and interview. In a six-shareholder cooperative the reviewing board is the neighbors. Expect a full financial package, tax returns, reference letters and an interview, and expect the process to be personal rather than administrative. Prepare with the Co-op Board Qualification Calculator.
Financing ceiling and post-closing liquidity. Small Chelsea row-house cooperatives commonly cap financing well below 80 percent and apply a post-closing liquidity test on top of the debt-to-income ratio. Neither figure is documented here. Ask for the maximum permitted loan-to-value and the liquidity standard the board has actually applied to recent purchasers, not the one written down years ago.
Sublet policy and flip tax. Undocumented. Ask whether subletting is permitted at all, on what term, after what period of owner-occupancy, and at what fee — and ask for the flip tax formula in writing, since it is the largest single line in a seller's net-proceeds math and takes several different shapes across buildings of this size.
Pied-à-terre, trusts and entity ownership. Also undocumented. ACRIS shows one 2026 transfer into a living trust, which is real evidence that trusts have been accommodated at least once; it is not evidence of a written policy. If your purchase depends on a trust, an LLC, parental assistance or non-primary use, raise it in the first conversation.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →Recent sales
Six apartments means resale supply is close to zero in most years, and the price of any one sale is set by the specific apartment — floor, width, garden or roof access, and the state of the renovation — far more than by any building-level average. The comparison set is the other small landmarked row-house cooperatives of the Chelsea Historic District and its Extension, and the row-house condominium conversions on the same blocks. It is not the elevator buildings on Ninth Avenue or the West Chelsea new-development towers, and buyers who need a doorman or an elevator screen this building out before they see it. Two facts belong in every pricing conversation here because a well-advised buyer's attorney will find them anyway: there is no underlying mortgage of record, and there is no J-51 or other abatement reducing the tax line. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent transfers at this building, curated by The Roebling Team research desk. 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 |
|---|---|---|---|---|---|
| Jul 25, 2024 | C | 3 BR · 3 BA · 1,800 sf | $3,295,000 | $1,831/sf | +3.1% |
| Oct 8, 2021 | F | 2 BR · 2 BA | $2,625,000 | +1.2% | |
| Aug 28, 2019 | 1A | 2 BR · 2 BA · 1,616 sf | $2,825,000 | $1,748/sf | -4.2% |
| Jan 27, 2014 | A | 2 BR · 1,600 sf | $2,447,000 | $1,529/sf | +2.0% |
| Aug 30, 2011 | D | 3 BR · 1,650 sf | $1,925,000 | $1,167/sf | -6.1% |
| Nov 12, 2004 | PHF | 2 BR · 1,006 sf | $1,212,500 | $1,205/sf | -3.0% |
| Jul 19, 2004 | C | 3 BR · 1,626 sf | $1,775,000 | $1,092/sf | +1.4% |
Market read. Most recent trades (2024) cleared a median $1,831/sf across 1 sale. Median listing discount -1.2% over ask.
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 1-00720-0016) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Request the documents first, and treat their absence as information. No offering plan and no financial statement sit in either library. Ask the managing agent for the plan, the last two years of financial statements, the house rules, the alteration agreement and the minutes, and read what comes back before you commit to a board package.
Confirm the no-mortgage picture. The public record shows no blanket debt since 1982, which is a genuine advantage — your maintenance is operations and taxes, nothing else. Compare it honestly against a leveraged cooperative's number using the True Monthly Carrying Cost Calculator rather than comparing headline maintenance.
Price the Landmarks constraint into any renovation plan. Windows, ironwork, stoop, cornice and anything else visible from the street require a permit inside the Chelsea Historic District Extension. Budget the time as well as the money.
Ask what the last three capital items cost and how they were paid for. Six shareholders, no debt, no published reserve. The answer to that question tells you more about this building's finances than any ratio.
What to know if you’re selling
Scarcity is the argument. An apartment in an 1854 landmarked row house on this block, in a building with no underlying mortgage, comes to market a handful of times a decade. Market it against the specific alternative — the district's other small cooperatives and row-house condominiums — not against Chelsea generally.
Assemble the document set before listing. Because nothing is published, the buyer's attorney will ask for everything at once. Having the financials, house rules and alteration agreement ready shortens the contract period materially in a building this size.
Get the flip tax in writing early. It is undocumented publicly and it is the biggest variable in your net proceeds. Run the result through the Seller Closing Cost Calculator before you set an asking price.
Comparable buildings
If you're considering 461 West 22nd Street, also evaluate:
- 429 West 22nd Street — the same block and the same builder, two 1855 houses on one lot, the closest like-for-like anywhere
- 458 West 20th Street — landmarked row-house cooperative two blocks south
- 445 West 20th Street — condominium alternative inside the same landmarked fabric
- 333 West 22nd Street — small Chelsea cooperative on the same street, comparable scale and governance
- 228 West 21st Street — small walk-up cooperative one block south
- 365 West 20th Street (Chelsea Court Tower) — the full-service cooperative alternative in the historic district
- 360 West 22nd Street (London Towne House) — elevator cooperative on the same block, for buyers weighing services against character
- 500 West 22nd Street — the West Chelsea alternative a block west
- 420 West 23rd Street — boutique condominium a block north
The neighborhood
For the full corridor — architecture, schools, 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.
Considering a move at 461 West 22nd Street?
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 461 West 22nd Street 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.