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130-132 West 18th Street
Townhouse in Chelsea •  building info
2bd • 3.5ba • 7,912ft² $1,327 per ft²
List Price

$10,500,000

Key Details
Days on market
258
Last price change
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Estimated payment
$65,365
Taxes
$4,072
Monthly maintenance
N/A
Description
Set on one of the blocks where many of New York's 19th Century elite boarded their horses, The 130-132 West 18th Street Stables is an expanded classic two-story carriage house that provides optimal space for the most discerning buyer. Built in 1864, when Chelsea was still mostly farmland, the facade retains its Rundbogenstil design. For several decades, it was owned by Major Theodore K. Gibbs, known as the man to order the Civil War's last cannon shot. Not long after the turn of the century, the neighborhood developed a more industrial flavor. The Metropolis Security Company purchased the buildings in 1906 and broke down the walls between them, creating the 43' wide by 92' deep space that exists today. The result is an airy space with minimal columns and stunning 12' ceilings, skylights allowing an abundance of light to flow through, an oversized curb cut and exceptional frontage on a street lined with high-end retail: West Elm, Michael Aram, Lefroy Brooks, and the famed Metropolitan Pavillion. 130-132 West 18th Street is an individual historic Landmark with full commercial zoning. There are approximately 15,900 square feet of unused air rights associated with this property and the potential for an outdoor roof terrace, which need to be independently verified. With the ability to deliver entirely vacant, this unique offering is ideal for high street retail or a boutique corporate headquarters, mixed-use live with income, art gallery and studio, foundation, private parking, and/or institutional use.

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Building info

History
What it'll cost
Purchase price
$10,500,000
Asking Price: $10,500,000
Term
30 Years
Down Payment
$1,050,000 (10%)
Min: 10% (1,050,000)
Rate
6.75 %
Mortgage Amount
$9,450,000
Mortgage Payment
$61,293
Taxes
$4,072
Estimated closing cost
$571,000
Total monthly cost $65,365
Listing Courtesy of Leslie Garfield

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