- Year built
- 1897
- Type
- Condominium
- Landmark
- In a historic district
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 54 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.
54 West 22nd Street is a five-residence condominium inside a six-story Ladies' Mile building between Fifth and Sixth Avenues. The Attorney General accepted the sponsor's plan in March 2026 at a total of $30,875,000 for six units: five homes and one non-residential unit. Divided across all six, that is about $5.15 million a unit. Across the five homes alone it is up to $6.2 million each, before the share that belongs to the non-residential unit is taken out.
The sponsor has not published unit-level prices, so the plan total is the only firm number. A buyer here is paying for new systems and condominium ownership in a small landmarked building with no co-op board.
Architecture and residences
City records date the building to 1897; listing records give 1910. It is a six-story, 65-foot building of about 12,005 square feet on the Ladies' Mile, the 19th-century retail corridor whose historic district covers the block.
Department of Buildings filings show an alteration with a new certificate of occupancy that takes the building from two dwelling units to five. JFG Architects is the architect of record. The permit was issued in July 2022, and the filing was last updated in March 2026. Related filings cover structural work on floors 3 through 6 and the roof, sprinklers, plumbing and mechanical systems, and a renovation of the ground-floor commercial space.
Five homes in about 12,000 gross square feet, with a commercial ground floor, points to roughly one home per floor above the store. Listing records describe a pet-friendly condominium with central air and in-unit washers and dryers and give a 20% minimum down payment. City land-use data still lists three residential units; that figure predates the conversion.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD240243), the plan was submitted August 19, 2024 and accepted March 24, 2026. The current total is $30,875,000 for five residential units and one other unit. The record shows no effective date and no units sold. It classes the project as new construction; city filings treat it as an alteration of an existing building.
Listing records show starting asks of $1,195,000 for a one-bedroom, $1,785,000 for a two-bedroom and $2,660,000 for a three-bedroom, undated. Those figures cannot be squared with a $30.9 million plan on five homes, and they may predate the current plan or describe a different layout. Treat them as unreliable until Schedule A is in hand.
A commercial listing record also describes the whole property as offered for sale. If the sponsor sells the building rather than the units, the plan may be amended or withdrawn. Ask sponsor counsel which path is live.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →What would your apartment rent for?
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Accepted, not yet effective. The sponsor can sign contracts and take deposits, held in escrow. Until the plan is declared effective, a purchaser's deposit is returned if the sponsor abandons the plan. Read every amendment with the contract.
Deposit and contract. New-development contracts typically require a deposit of 10% at signing, with some sponsors asking for 20%. The plan and contract package state the terms.
Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%, or 0.65% at $3 million or more) and the New York City real property transfer tax (1% at $500,000 or less and 1.425% above for a residential unit), plus the state "mansion tax" of 1% at $1 million, rising in tiers to 3.9% at $25 million in New York City. On a $5.15 million home that is about $106,900 in transfer taxes before any gross-up, and $115,875 in mansion tax at the 2.25% tier for $5 million to $10 million. Use the calculators below to run your price.
Landmark controls. Exterior changes, including windows and rooftop work, need Landmarks Preservation Commission approval.
A small condominium. With five homes and a commercial unit, each owner's share of common charges is large, and the commercial unit's vote and share of expenses matter. Read the declaration for how costs split between the store and the homes.
Sponsor board control. The sponsor controls the board until enough units are sold to turn control over to owners. The declaration and by-laws set the threshold.
Comparable buildings
If you're considering 54 West 22nd Street, also look at these Flatiron and Ladies' Mile buildings:
- 40 West 22nd Street — full-floor loft cooperative on the same block
- 29 West 21st Street — Iron Lofts, a six-residence condominium in a 1909 loft building one block south
- 15 West 17th Street — ten-unit full-floor loft condominium converted in 2007
- 32 West 18th Street — Altair 18, a 1908 loft converted to condominiums in 2006
- 10 West 17th Street — 10W17, a 34-residence condominium under construction in the historic district
More Flatiron buildings
- 49 East 21st Street — 1913 condominium
- 50 Lexington Avenue (Gramercy North) — 1987 condop
- 50 West 15th Street — 2008 condominium by FXCollaborative (Fox & Fowle / FXFOWLE)
- 55 West 17th Street — 2017 condominium by Morris Adjmi Architects
- 58 West 15th Street — 1920 co-op
- 63 West 17th Street (Lyla) — condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Flatiron — read The Roebling Team Guide to Flatiron.
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 54 West 22nd Street?
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646.939.7375 · c.cohen@compass.com