517 W. 29th Street Condominium
517 - 523 West 29th Street, Manhattan, NY 10001
Overview
517 West 29th is a 10-story West Chelsea rental building, finished around 2021, that is being sold as 60 condo apartments. Its offering plan shows studios to two-bedroom penthouses sold as is, a 24-hour doorman supplied by an outside contractor, nine parking spaces at $500,000 each, and no reserve fund.
- What it is: a 10-story concrete building on a lot of about 9,875 sq ft, built under a new-building permit. It got its final certificate of occupancy on September 20, 2022. The plan calls it "The 517 W. 29th Street Condominium."
- Size: 60 apartments and 9 parking spaces. No commercial units and no storage units.
- Layouts: 18 studios (about 454 to 542 sq ft), 20 one-bedrooms (about 679 to 871 sq ft), 18 two-bedrooms (about 914 to 1,038 sq ft) and 4 two-bedroom penthouses (about 1,645 to 1,792 sq ft). Floors 2 to 8 have eight homes each.
- Outdoor space: each penthouse has a private terrace of about 680 to 750 sq ft. The plan warns terraces can't legally be used as a bedroom or living room.
- Offering prices: in the original price list, homes ran from $805,000 for a studio to $4,475,000 for a penthouse. These are asking prices, not sales. Two amendments have been filed since, so check them for current prices.
- Common charges: roughly $640 to $2,510 a month, depending on the unit, under the sponsor's first-year projection.
- Getting around: the 7 train at 34th Street-Hudson Yards is about a 7-minute walk.
Compare
| Figure | This building1 | Hendrix House259 units · 1.5 miaccepted 2024 | The Florian354 units · 1.7 miaccepted 2025 |
|---|---|---|---|
| Common ChargesPer Square Foot / Month | $1.40In line | $1.72 | $1.18 |
| Average Offering PricePer Apartment | $1.73MIn line | $1.47M | $2.16M |
| Average PricePer Square Foot | $2,102In line | $2,069 | $2,275 |
| Property TaxesPer Square Foot / Month | $2.36Highest | $1.80 | $1.33 |
| Average Unit SizeSquare Feet | 824 SFIn line | 708 SF | 950 SF |
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Unit mix, closings, budgets, finishes and the team, against Hendrix House and The Florian, cited to the offering plans. No credit card required.
Create a free accountHow We Got This
- Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Units & Prices
Closings Pro
| Homes closed73% of the homes in Schedule A | 44 of 60 |
| Closing prices vs. Schedule A44 homes: $62,885,397 at closing against $72,921,100 in Schedule A (p. 38, p. 39) | −13.8% |
| Average closing price44 homes, on their Schedule A square feet | $1,822 / SF |
| Closingsfirst and latest recorded | Jan 24, 2025 – Sep 9, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 44 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 8F | Jan 24, 2025 | $815,000 | $975,000 p. 39 | −16.4% |
| 5F | Feb 13, 2025 | $800,000 | $905,000 p. 38 | −11.6% |
| 4C | Feb 19, 2025 | $800,000 | $1,050,000 p. 38 | −23.8% |
| 5C | Feb 19, 2025 | $800,000 | $1,085,000 p. 38 | −26.3% |
| 5D | Feb 19, 2025 | $1,350,000 | $1,750,000 p. 38 | −22.9% |
| 6C | Feb 19, 2025 | $800,000 | $1,125,000 p. 39 | −28.9% |
| 7C | Feb 19, 2025 | $800,000 | $1,150,000 p. 39 | −30.4% |
| 8C | Feb 20, 2025 | $845,000 | $1,175,000 p. 39 | −28.1% |
| PHB | Feb 24, 2025 | $3,669,597 | $4,121,600 p. 39 | −11% |
| 4G | Feb 27, 2025 | $725,000 | $840,000 p. 38 | −13.7% |
| 8D | Mar 5, 2025 | $1,675,000 | $1,849,000 p. 39 | −9.4% |
| 6D | Mar 6, 2025 | $1,500,000 | $1,775,000 p. 39 | −15.5% |
| 4E | Mar 11, 2025 | $1,375,000 | $1,425,000 p. 38 | −3.5% |
| 6B | Mar 14, 2025 | $1,985,000 | $2,250,000 p. 39 | −11.8% |
| 5G | Mar 17, 2025 | $715,000 | $865,000 p. 39 | −17.3% |
| 4F | Mar 31, 2025 | $1,250,000 | $1,395,000 p. 38 | −10.4% |
| 8A | Apr 10, 2025 | $1,675,000 | $1,915,000 p. 39 | −12.5% |
| 8G | May 8, 2025 | $845,000 | $915,000 p. 39 | −7.7% |
| 5A | May 29, 2025 | $1,550,000 | $1,795,000 p. 38 | −13.6% |
| 5B | May 29, 2025 | $1,995,000 | $2,225,000 p. 38 | −10.3% |
| 7A | May 29, 2025 | $1,650,000 | $1,870,000 p. 39 | −11.8% |
| 6G | Jun 9, 2025 | $819,250 | $885,000 p. 39 | −7.4% |
| 4B | Jun 11, 2025 | $1,975,000 | $2,175,000 p. 38 | −9.2% |
| 7G | Jun 11, 2025 | $829,250 | $899,000 p. 39 | −7.8% |
| 7F | Jun 13, 2025 | $825,000 | $960,000 p. 39 | −14.1% |
| 6F | Jun 18, 2025 | $815,000 | $945,000 p. 39 | −13.8% |
| 2C | Jun 25, 2025 | $850,000 | $999,000 p. 38 | −14.9% |
| PHA | Jun 27, 2025 | $3,900,000 | $4,475,000 p. 39 | −12.8% |
| 7B | Jul 15, 2025 | $2,050,000 | $2,275,000 p. 39 | −9.9% |
| 3E | Jul 31, 2025 | $1,350,000 | $1,415,000 p. 38 | −4.6% |
| 3B | Aug 13, 2025 | $1,950,000 | $2,150,000 p. 38 | −9.3% |
| 3C | Aug 26, 2025 | $875,000 | $1,015,000 p. 38 | −13.8% |
| 2G | Aug 29, 2025 | $692,000 | $805,000 p. 38 | −14% |
| 8B | Sep 19, 2025 | $2,100,000 | $2,300,000 p. 39 | −8.7% |
| 2B | Oct 31, 2025 | $1,895,000 | $2,125,000 p. 38 | −10.8% |
| 3G | Nov 6, 2025 | $730,000 | $820,000 p. 38 | −11% |
| 2F | Dec 9, 2025 | $1,195,000 | $1,340,000 p. 38 | −10.8% |
| 7H | Dec 29, 2025 | $1,950,000 | $1,950,000 p. 39 | 0% |
| 2E | Mar 26, 2026 | $1,140,000 | $1,395,000 p. 38 | −18.3% |
| PHD | Apr 15, 2026 | $3,300,000 | $4,167,500 p. 39 | −20.8% |
| 3D | Jun 15, 2026 | $1,330,300 | $1,695,000 p. 38 | −21.5% |
| 7D | Jul 6, 2026 | $1,550,000 | $1,800,000 p. 39 | −13.9% |
| 6E | Aug 17, 2026 | $1,595,000 | $1,950,000 p. 39 | −18.2% |
| 5E | Sep 9, 2026 | $1,550,000 | $1,925,000 p. 38 | −19.5% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
What It Costs to Run
The sponsor projects a first-year budget of about $832,000 (November 2024 to October 2025). A few lines stand out:
| Budget line | Approx. first-year cost |
|---|---|
| Doorman contract (24/7) | $214,000 |
| Gas and electricity | $115,000 |
| Superintendent and payroll taxes | $90,000 |
| Water and sewer | $89,000 |
| Insurance | $64,000 |
| Management fee | $60,000 |
| Cleaning contract | $47,500 |
The doorman contract is about a quarter of the budget. Most of the energy line is gas, about $89,000, which is charged only to the apartments. Parking licensees add about $10,800 a year.
Common charges run roughly $640 a month for the smallest studio to about $2,510 for the largest penthouse. Estimated property taxes are higher, about $1,070 to $4,230 a month. Read more on common charges and why operating costs differ.
Good to know: there is no reserve fund for capital repairs, so big repairs would come from assessments. The budget includes only about $11,600 for contingencies. At closing you pay two months' common charges as working capital. See reserve funds in NYC condos and the working capital contribution.
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
The Building
Finishes
Kitchens
Every apartment has a gas cooktop, microwave, refrigerator, dishwasher, vent hood and garbage disposal. Penthouses PHC and PHD add a wine cooler. Cabinets are custom by UNO Contract in white oak or white lacquer, and counters are honed stone. The plan's text doesn't name the appliance brands. See gas vs. induction stoves and kitchen appliance brands in NYC condos.
Bathrooms
Wet walls and floors are tiled. The plan lists plumbing fixtures in an appendix whose brands weren't readable in the text. Most two-bedrooms on the B line have a full bath plus a powder room, and penthouses have two or two and a half baths.
Floors, Ceilings and Windows
- Floors: 6-inch Russian white oak planks, 5/8 inch thick, with a white-tint hardwax oil finish from Siberian Floors. No warranty is in effect.
- Ceilings: living rooms and bedrooms run about 10'6" to 11'10". Kitchens, baths and halls are lower, about 8'8" to 9'4".
- Windows: double-glazed aluminum casement windows by Reynaers, rated to cut street noise as the site's noise rules required.
Laundry, Heating and Cooling
- Laundry: every home has a stacked washer and gas dryer, installed around 2020-2021.
- Heating and cooling: each apartment has its own LG variable refrigerant flow heat pump system, with the outdoor unit on the roof. It runs on your electric meter. No warranty is in place.
- Utilities: the sponsor's engineer estimates about $2,600 to $8,200 a year for a unit's electricity, depending on size. See who pays utilities in an NYC condo.
Listings: 517 West 29th, 517-523 West 29th Street on StreetEasy
Amenities, Staffing & Transportation
The amenity list is short:
- Fitness room: about 700 sq ft on the first floor with treadmills, an elliptical, bikes, a weight rack and strength machines.
- Rear yard: about 1,100 sq ft of outdoor space with a barbecue area. The sponsor doesn't provide furniture.
- Shared roof: about 1,650 sq ft of common roof space.
- Bike storage: wall racks for 30 bikes in the secured parking area.
- Package room: next to the front desk, staff access only.
Good to know: there's no pool, no storage units, and no EV chargers. The building is smoke-free, including inside apartments and on terraces.
Staffing and Services
- 1 non-resident, non-union superintendent, about seven hours a day on weekdays
- A front-door attendant 24 hours a day, 7 days a week, supplied by an outside contractor
- Outside cleaning, window cleaning and elevator contracts
Because the doorman is a contract, the plan warns the service could change or stop if the contract is modified or ended. See what a doorman costs in an NYC condo.
Transportation
- Subway: 7 min walk to 34 St-Hudson Yards 7; 34 St-Penn Station A C E, 12 min
Fine Print
What's Specific to It
- A former rental, sold as is. Every apartment was lived in by renters. Units, fixtures and shared spaces are delivered "as is," and the plan says the units aren't covered by New York's new-home implied warranty. Most original equipment warranties have run out.
- A contracted doorman, not building staff. The front door is covered 24/7 by an outside provider at about $214,000 a year. The only employee is a non-union, non-resident superintendent on weekdays.
- Gas is in your common charges. Cooking, clothes dryers and hot water run on gas from a building meter, so the condo pays for it. You pay your own electricity, which also runs your heat and air conditioning.
- Parking is a license, not a deed. Nine partly covered outdoor spaces behind the building are offered as licenses at $500,000 each plus $100 a month.
- Cleaned-up site with ongoing duties. The lot went through the city's voluntary cleanup program. A system under the slab that vents soil gas has to run and be inspected forever, at the condo's cost.
Listing photos of 517 West 29th can show you the finishes. The offering plan, the document the developer filed with the New York Attorney General, tells you how the building will be run and what you agree to when you buy. New to these documents? Start with what a condo offering plan is.
Fine Print Worth Knowing
- Sponsor control. The sponsor names a majority of the board until the later of five years after the first closing or the sale of more than 90% of units.
- No resale listing for a year. You can't list your unit for sale or rent before closing or for 12 months after.
- Mortgage tax payback. If you take a mortgage, you pay the sponsor an amount equal to the mortgage recording tax savings, whether or not your lender takes an assignment of the sponsor's loan.
- You pay the transfer taxes. City and state transfer taxes, usually a seller cost, are on the buyer here, along with the mansion tax.
- Taxes may not split evenly. Projected taxes are based on a 2024 tax consultant's letter. The city may apportion them differently, and the plan expects the assessment to rise.
- Coming inspections. The first facade inspection window opens in February 2027 and a parking structure report is due by the end of 2029, both paid by owners.
- The neighborhood. The plan flags crowds and noise from the High Line and says neighboring buildings could grow taller and block views.
- Common charges may be waived. The sponsor can pause common charges early on and pay all expenses itself, then restart them on 30 days' notice.
For parking terms, see deeded vs. licensed parking.
Team
- Sponsor: Project 29 West Chelsea LLC, whose principals are Sorabh Maheshwari and Justin Ehrlich. It bought the site in 2015.
- Architect (property report): RAND Engineering & Architecture
- Managing agent: Livingston Management Services, on a one-year agreement that renews yearly
- Selling agent: Living LLC
- Sponsor's counsel: Kramer Levin Naftalis & Frankel
The managing agent and selling agent list the same office, 225 West 35th Street. The plan says neither is affiliated with the sponsor. It doesn't name a design architect or interior designer.
- Sponsor
- Project 29 West Chelsea LLC
- Developer
- Churchill Real Estate HoldingsReported by mannpublications.com
- Principals
- Sorabh Maheshwari, Justin Ehrlich
- Tax estimate
- KRAMER LEVIN NAFTALIS & FRANKEL, LLPPrepared the first-year real estate tax projection
Nearby
- 517 W. 29th Street Condominiumnext door · 60 units · 2021
- 515 West 29 Condominiumnext door · 12 units · 2014
- Soori Highline Condominiumnext door · 27 units · 1 parking · 2014
- No. 29 Condominiumnext door · 6 units · 2019
- 550 West 29th Street Condominiumnext door · 19 units · 2017
- 520 West 28th Condominiumnext door · 40 units · 2015
FAQ
Is 517 West 29th new construction?
The building is recent, finished around 2021 with a final certificate of occupancy in 2022, but it was a rental first. Apartments were previously occupied and are sold as is, without the warranties a brand-new condo would carry.
How much are common charges at 517 West 29th?
Under the sponsor's first-year projection, roughly $640 to $2,510 a month depending on the unit, with estimated property taxes of about $1,070 to $4,230 a month on top.
Does 517 West 29th have parking?
Yes. Nine partly covered outdoor spaces behind the building, one of them accessible, were offered as licenses at $500,000 each plus $100 a month. The sponsor can rent unsold spaces to non-residents for up to a month at a time.
Where this comes from: the building's offering plan (CD240168), filed with the New York Attorney General, including its Schedule A price list, Schedule B first-year budget and the architect's property report. The text of the two later amendments wasn't available for this guide. Prices are the sponsor's offering prices, not sales. Updated October 2026.