Why buy a co-op when you can own a Chelsea condo at this price?

Residence 5M at 170 West 23rd Street offers one of the most compelling values for a true one-bedroom condominium in Chelsea. Asking just $700,000, this bright, move-in-ready home combines the flexibility of condo ownership, private outdoor space, open city views, and a prime location in the heart of one of Manhattan’s most desirable neighborhoods.

The thoughtfully designed layout is filled with natural light from multiple windows, while the private balcony creates a rare extension of the living space and a place to enjoy the surrounding cityscape.

For an end user, this is an opportunity to own in an exceptionally convenient Chelsea location surrounded by restaurants, shopping, galleries, parks, and transportation. For an investor, condominium ownership provides added flexibility in a neighborhood with consistently strong rental demand.

The Chelsea 7th Condominium is a full-service building with a 24-hour doorman, live-in superintendent, on-site laundry, bike storage, and an attached garage. The building is also wired for FIOS and permits guarantors and corporate purchasers.

Located moments from Trader Joe’s, Whole Foods, the High Line, Madison Square Park, the 1, F/M, C/E and PATH trains, Residence 5M offers an increasingly rare combination: a true one-bedroom Chelsea condo, private outdoor space, and an asking price of just $700,000.

Monthly assessment: $36.82