Real Estate Industry News

A stylishly renovated three-bedroom penthouse in Manhattan’s Chelsea neighborhood takes in two iconic views of the city from a pair of terraces.

The more than 2,200-square-foot unit has two outdoor spaces, one that has a view of the Empire State Building, and another catty-corner space that takes in lower Manhattan to One World Trade.

With windows in all directions, the apartment is bathed in natural light.

The current owners undertook a gradual renovation costing nearly $1 million. It includes a kitchen with modern wood cabinets, a Sub-Zero refrigerator and a Wolf range. A leather breakfast nook next to the kitchen seats up to six people. A wall of slatted dark wood is retractable so the kitchen can be open or closed to the dining area.

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“This has a lot of personalized touches and thought put into it,” says listing agent Mick DiStasio of Elegran. “It was very thoughtfully designed.”

The edge of the L-shaped living room is currently used as an office.

The primary en-suite bedroom has warm, modern wood built-ins and can fit a king-sized bed.

There are two other large bedrooms, along with a second full bathroom and half bathroom.

The unit sits at the top of the 13-story Chelsea House, a boutique-style condominium built in 2005. It has a full-time doorman and concierge, fitness center, residents’ lounge, bicycle storage and pet spa. The building is at the center of Manhattan’s Chelsea neighborhood, a few blocks to Union Square and the Greenmarket to the east and the High Line, Chelsea Market and the Whitney Museum to the west.

Along with the terraces, penthouse residents can also enjoy a landscaped roof deck.

The penthouse is on the market for $4.3 million. DiStasio disclosed that there have already been several offers.

There are nearly 1,350 active listings in the Chelsea neighborhood, up 2.9% from the prior month and down 0.3% compared with the same period a year ago, according to UrbanDigs.

Although supply remains near recent averages, pending sales (226) are currently up 17.1% from the previous month and 8.1% from the previous year. The median price-per-square-foot in May was $1,797, while the median sale price for the month was $1.75 million, up 34.3% from the previous year.

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