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545 W 20th St APT 5B, New York, NY, 10011

3beds
4baths
3,647sqft
$5,500,000
$1,508price/sqft
$33,563/moest. monthly cost
$1,342,520/yrincome needed

About This Home

All showings and open houses by appointment. Please contact to schedule. Scale, light, character and authenticity blend perfectly to present this West Chelsea loft condominium. Enter from your private elevator into this full floor home with enormous ceilings, broad proportions and wrapped in light from three exposures. Currently configured as three bedrooms, this space easily lends itself to as many as four to five bedrooms all with private outdoor space and a fireplace for those crisp New York days. At nearly 3,600 square feet of volume and texture unfolding beneath soaring 12 foot beamed timber ceilings, with large, oversized windows on three exposures drawing in light throughout the day, it is a loft defined by air and proportion, where exposed brick, cast iron columns, and restored hardwood floors create a backdrop that feels both storied and enduring. At its center, a great room of remarkable proportion stretches an astonishing 48 by 47 feet, offering a sense of openness rarely found in the city. Light shifts across the space from multiple directions, giving it a quiet dynamism from morning through evening. The kitchen is both centerpiece and workhorse, outfitted with Miele, Gaggenau, and Viking appliances and anchored by a dramatic 22 foot breakfast bar that invites gathering, conversation, and long, unhurried meals. The current layout offers two expansive bedrooms and a home office, each bedroom with its own en suite bath, with the scale to easily create a true three bedroom home. A private north facing terrace extends directly from the living space, offering a rare moment of outdoor calm and an effortless extension of the interior. There is also a sense of ease built into the home, with central air, an oversized laundry room, and a substantial private storage unit that transfers with the residence. Set in the heart of West Chelsea, within a discreet boutique building with a full time superintendent, the address places you at the intersection of culture and calm. Moments from the High Line, surrounded by the galleries of Gagosian Gallery and David Zwirner, and within easy reach of Chelsea Market, this is a location that does not need introduction. It is simply where you are meant to be.

Getting Around

97
WalkingWalker's Paradise
100
TransitRider's Paradise
92
BikeBiker's Paradise

Construction

Condition

  • Year built: 1910

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Interior Area

  • Total structure area: 3,647
  • Total interior livable area: 3,647 sqft

Property

Details

  • Special condition: Resale

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Coastal Flooding
Heat Wave
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $27,810$333,720
Home Insurance *$1,897$22,764
Property Taxes $3,254$39,048
Electricity $602$7,232
Total$33,563$402,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,150,731/yr
40% on housing$1,006,890/yr
45% on housing$895,013/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,508This listing

vs Other Active Listings

Avg $/sqft

ZIP 10011$1,882
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10011$1,286
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-08Listed for sale$5,500,000
2022-06-08Listing removed--
2022-05-03Listed for sale$7,250,000

For Sale by Agent

AgentJosh Rubin
BrokerageDouglas Elliman

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