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Why should you buy an apartment in Chelsea?

If you’ve been looking for a top-notch spot to buy an apartment in New York City, Chelsea is an undeniably excellent choice. This trendy and unique neighborhood is well-known for its stunning art galleries, high-end fashion boutiques, rich culture, and delectable dining options. For these reasons (among others), Chelsea is one of the most sought-after locations for people looking to buy an apartment in Manhattan

Whether you’re in the market for a condo or co-op, BARNES New York is here to assist you. Listed below are some of the most compelling reasons why you should consider buying an apartment in Chelsea. It truly is a beautiful neighborhood, and we can guarantee that you won’t regret making the choice to live there! 

What are the benefits of buying an apartment in Chelsea? 

Chelsea is one of the most diverse and exciting neighborhoods in New York City. That much is plain to see! Its thriving art scene and trendy restaurants are just a couple of the reasons why Chelsea attracts people from all walks of life. What makes Chelsea an optimal location for people looking to buy an apartment, you might ask? Check out some of the main benefits of living in Chelsea below. 

Excellent Location  

One of the most notable advantages of buying an apartment in Chelsea is that it’s located in a prime area of the city. Situated on Manhattan’s west side, Chelsea is super close to some of New York City’s most famous landmarks, including the Chelsea Market and the High Line. This particular neighborhood is also well-connected to public transportation, so you’ll have no trouble getting around the city if you reside in this area. 

Vibrant Culture  

Chelsea is home to some of the most extravagant art galleries in the world, including the Gagosian and David Zwirner galleries — so if you’re an art fanatic, this neighborhood would be absolutely perfect for you. Chelsea’s galleries attract art lovers from all over, making this part of the city an absolute hub of creativity and culture. This neighborhood also boasts a vibrant nightlife scene. It boasts numerous bars, clubs, and music venues to suit all tastes, ensuring there’s something for everyone.

Luxury Amenities 

If you’re looking to live in a luxury apartment, Chelsea has plenty of great options to choose from. Chelsea’s apartments offer a blend of old-world charm and modern amenities in beautifully restored pre-war buildings and new developments. These residences often include fitness centers and scenic rooftop terraces, ideal for luxurious living.

Tight-Knit Community 

Chelsea has a strong sense of community, and its residents will often come together for special events and activities. From community gardens to neighborhood cleanups, there are plenty of opportunities for Chelsea residents to get involved and give back. Additionally, many of the co-ops in Chelsea have active boards that foster a sense of community. This ensures well-maintained co-op buildings for those seeking to reside here.

Fabulous Restaurants 

Chelsea is especially known for its diverse culinary scene. Fine dining restaurants in Chelsea — such as Zou Zou’s and the Sea Fire Grill, are known for their elegant ambiance, impeccable service, and sophisticated cuisine. These restaurants use top-quality, often locally sourced ingredients to craft unforgettable, innovative dishes with exquisite flavors and textures.

Excellent Shopping 

Chelsea is an absolute haven for shoppers. The primary Chelsea shopping district, around Fifth Avenue and Madison Avenue, hosts flagship stores for numerous luxury brands. Chelsea Market, a historic indoor market, offers a unique shopping experience with artisanal food stalls and craft shops.

It’s a Great Investment 

Buying an apartment in Chelsea is also quite a smart investment. The neighborhood has seen significant growth and development over the past few years, and many new luxury apartments have been built recently. It’s also worth mentioning that many apartments in Chelsea appreciate in value at an exceptionally quick rate, which means investing in an apartment here could potentially be quite lucrative. The median sales price in October 2023 was $1,663,450 and the price per square foot was about $1,966.*

*Data from UrbanDigs.

Should you buy a Condo or a Co-op in Chelsea? 

There are several key distinctions to bear in mind when purchasing a co-op or condo in Chelsea. The great thing about buying a condo is you’ll have greater control over your apartment and personal living area. You also won’t have to go through the co-op board approval process in order to make repairs and upgrade your apartment. 

That said, if you’d like to own a co-op in Chelsea, there are some definite advantages, such as a lower cost of living. In comparison to condos, co-ops sometimes have stricter rules and restrictions, but this tends to help maintain a greater degree of quality within the building, so it’s definitely worth it. 

Summary 

Chelsea offers a unique and attractive lifestyle that’s hard to find anywhere else in New York City. If you’re looking for a place to call home that offers both urban convenience and a strong sense of community, then Chelsea might just be the perfect neighborhood for you. Take your family to an art gallery or check out some of the shops at Chelsea Market, and see for yourself! If you’d like assistance acquiring an apartment in Chelsea, you shouldn’t hesitate to reach out to BARNES New York. Contact us today for more information! Our team of real estate experts will be happy to answer any questions or concerns you might have. 

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Chelsea, one of the coolest neighborhoods in the world

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

It stretches from 14th Street to 34th Street and 6th Avenue to the Hudson River. The Chelsea district has just entered the Timeout ranking of “49 coolest districts in the world”. This district of the West Side of Manhattan is known for its many restaurants, its famous sites, including the High Line, but also its art galleries. Between the inauguration of The Little Island this year and the opening of the exhibition ‘Jean-Michel Basquiat: King Pleasure’, next spring, immersed in the Chelsea district, one of the most “gay-friendly” in Manhattan, but a neighborhood that also has a bit of a French touch of some sort…

Chelsea among the coolest neighborhoods in the world

The ranking “the 49 coolest neighborhoods in the world” of the famous Timeout magazine is just out and awarded to 49 neighborhoods spread over the four corners of the planet under the title of “coolest neighborhood in the world”. The Chelsea neighborhood in Manhattan comes in 6th place.

From “speak easy” to flea markets, restaurants, gay bars to green buildings, the Chelsea district caters to all tastes. Chelsea is a happy marriage of industrial style and contemporary construction, with one watchword: strolling. Trendy restaurants, cafes, small shops and openness to water and nature, if Chelsea made its entry into the Timout ranking, there’s a good reason.

Chelsea is one of the oldest neighborhoods in New York to have retained its original name. In 1750, an English entrepreneur named Thomas Clarke bought a “ten square block” piece of land near the Hudson River and named the estate “Chelsea” after a soldier’s house near London. Over the years, developers have built the heart of Chelsea between 14th and 23rd Streets West of Eighth Avenue and have designed the neighborhood with the boundaries we know today. Among the monuments, both literally and figuratively, of the Chelsea district, the famous Chelsea Hotel, Madison Square Garden, the High Line, Chelsea Market, The Little Island… But not only! Chelsea is a neighborhood that has its secrets.

Chelsea’s secrets

The top of brick buildings and water tower on a Chelsea rooftop.

The Grand Lodge of New York is the largest and oldest independent organization of Freemasons in New York. Founded on December 15, 1782, the Grand Lodge has jurisdiction over approximately 60,000 Freemasons. The historic 23rd Street and 6th Avenue structure has hosted various blood drives and charity events, as well as New York’s Masonic Security Identification Program.

Another of Chelsea’s secret, the atomic bomb … Although much of the research on the project took place at Columbia University, Chelsea also played a small but important role in the development of the atomic bomb. On West 20th Street, three buildings once made up the Baker and Williams warehouses, which housed thousands of tonnes of uranium. In the late 1980s and early 1990s, the federal government cleaned buildings of residual uranium, disposing of over a dozen barrels of radioactive waste.

Another, sweeter secret… The building that now houses Chelsea Market was once the headquarters of the National Biscuit Company, or Nabisco. The factory officially opened in 1890 when eight bakeries came together to create a “super bakery” and continued to expand until 1958 when the company left Manhattan. In 1912, Nabisco invented his undoubtedly most famous product in Chelsea: the Oreo cookie. Chief food scientist Sam Porcello created the recipe, which has remained largely unchanged over a century later. The company also produced classic products such as Saltines, Vanilla Wafers, Fig Newtons, and Barnum’s Animal Crackers. Many remains of the original Nabisco factory are still there. Entering Chelsea Market from 9th Avenue between 15th and 16th Streets, the Nabisco plaque dating from 1898 still triumphs.

A bit of France in Chelsea

View of downtown Manhattan from a garden in Chelsea, with a terrace in the foreground and people watching at the skyline.

While many may think The High Line‘s concept of turning old train tracks into a park was started in Chelsea, The High Line was actually inspired by the Parisian project, La Coulée Verte, located in the 12th arrondissement of the French capital, built in 1993 from a disused railway line. The project, both architectural and green, follows the old Vincennes railway line and crosses an elevated viaduct to reach the Bastille. The High Line, the American counterpart of the Coulée Verte, was to have retail space underneath, but plans were scrapped after the spaces under the park were privatized.

With nearly 40,000 French people officially settled in New York, Chelsea is also a neighborhood taken over by expatriates. On 29th Street, between 7th and 8th Avenue, the O’Cabanon restaurant has taken up residence since 2015 with its adjoining shop where you can find a wide range of French products: cookies, preserves, syrups, cheese, cold meats, chocolate, cosmetics and even books in French.

Further south, within the Chelsea Market itself, the Norman pastry chef Jérémie Rousselet officiates at Tiny Feast. On a very French note, ham / gruyère baguette sandwiches, charcuterie boards and donuts are on the menu. “I have a lot of good memories with donuts: they remind me of summer and the holidays, their delicious smell, and when I was a child, in France, going to bakeries after school to have a donut” explains the French chef on the Tiny Feast website.

On 7th Avenue, between 19 and 20e rue, Le Singe Vert, a bistro with romantic decoration that serves cold meats, snails, onion soup, endive salad with duck confit, steak tartare or even a tab wine merchant.

It was also in Chelsea that the 2013 Chelsea Film Festival was born – sponsored by French nationals Ingrid Jean-Baptiste and Sonia Jean-Baptiste and whose 9th edition has just ended. This festival dedicated to the 7th art, highlights and awards international independent or emerging filmmakers. This year, among the 141 films presented, 11 were produced by French directors.

Chelsea, this neighborhood where it is good to stroll, work and live, however, remains an expensive neighborhood in New York. “As of September 2021, in Chelsea, the median selling price was $1,289,000, and reported on the surface the median price was $1,491 / sqft. For rentals, the average rental price in September was $3,675 for a studio, $5,150 for a one bedroom and $7,450 for a two bedrooms ”explains Yann Rousseau, Managing Partner at BARNES New York.

Expensive, but cool, so is Chelsea…

Interview by Rachel Brunet, director and editor-in-chief of Le Petit Journal New York

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