UPDATED, Dec. 17, 4:17 p.m.: Ben Shaoul’s conversion of a four-story multifamily building in West Chelsea into a modern townhouse has set a record north of 23rd Street, broker Leonard Steinberg claims.
Urban Compass’ Steinberg took to Instagram to announce he had sold the 6,500-square-foot townhouse at 450 West 25th Street for $8.5 million, or roughly $1,283 per square foot.
“A new record for West Chelsea north of 23rd Street,” Steinberg wrote. Steniberg’s partner, Herve Senequier, said the per-square-foot figure was a record north of 23rd Street, where the stock of townhouses is smaller than in the neighborhood’s southern section.
“It’s an indication of a changing neighborhood,” said Senequier, who pointed to the nearby Avenues School, Hudson Yards mega-development and, of course, the High Line park as the forces driving up values in the area.
The deal beats both the previous price and per-square-foot records for a townhouse in the northern part of West Chelsea, according to data compiled by StreetEasy.com
The renovation was handled by Turett Collaborative Architects.
This post has been updated to include data from StreetEasy.com.