$2,800,000
Active
1 days on market
515 W 18th St #901, #901
📍 Chelsea, New York, NY 10011
1.0
Bed
1.5
Baths
1,085
Sqft
$2,581
Per sqft
2020
Year built
Condo/Co-op
Type
About this property
Flexible occupancy: spring 2027 for primary move-in OR high-yield investment through March 2028 (>4% net cap rate) Residence 901 offers a rare combination of immediate cash flow and exceptional occupancy flexibility in West Chelsea’s iconic Lantern House. Currently income-producing at $13,750/month, the unit is uniquely structured to suit both primary home buyers and savvy investors. For end-users seeking a Spring 2027 move-in, the cooperative tenant is open to amending the current lease to terminate on March 31, 2027, allowing you to collect steady monthly revenue to offset carrying costs while planning your move. Alternatively, 1031 exchange and yield-focused buyers can retain t
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Amenities & features
Key facts
Income producing
$1,634 HOA
Garage
Property details
Property typeCondo/Co-op
Listing statusActive
HOA fees$1,634/mo
Year built2020
Days on market1 days
MLS #RLS20117688
Estimated monthly payment
Listing price$2,800,000
Down payment (20%)$560,000
Loan amount$2,240,000
Principal & interest (7%, 30yr)$14,902/mo
Property tax (est.)$2,723/mo
Home insurance (est.)$1,166/mo
HOA$1,634/mo
Estimated total$20,425/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.