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Celeb Associated Chelsea Townhouses Are Asking Stratospheric Numbers

When your budget is $20—$40 million, you want it all. These Chelsea townhouses aim to give it to you.

By Jeff Vasishta February 6, 2017

When Hollywood A-Listers, pop stars and political big-wigs such as Emma Stone, Olivier Sarkozy, Courtney Love, Jason Statham, and Glenn Close have lived in a property, there must be something special about it. That is the premise that real estate brokerage Cushman & Wakefield are going on,  marketing a Chelsea mansion at 436 West 20th Street for $19.75 million, minutes from the hip High Line Park.

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The celebrities who lived there were short term tenants rather than owners. The property, a five-unit rental, certainly gives its landlords plenty of bang for their buck, stretching 9.054 square feet over five and a half stories with ten bedrooms and ten bathrooms altogether. According to property records researched by Mansion Global, it was bought under an LLC. Previous reports showed that actress Frances Garr sold the house to developers Michael Bolla and Michael Daniel for over $6 million in 2008.

Like an actor with a stuttering career, the building, according to StreetEasy data, has flirted with high prices in recent years, always between the $19 million and $21 million range. The current listing figure is in line with what other high end homes in the super swanky Chelsea neighborhood are asking.

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Buyers with a spare $36.8 million nestling behind the back of their sofas can buy an 11,000 square-foot townhouse on 17th Street between 8th and 9th Avenues, which has been completely remodeled and listed at quadruple its last, two year old, sales price. The property comes complete with steam and sauna rooms, a swimming pool, fitness center, a home theater system and even a Bentley! Yes, the luxury car—worth around $200,000—is also part of the package.

High-end flippers interested in splashing the cash on 436 West 20th Street will be following the sale of the Bentley property closely. It too was once a multi-unit before developer Wonder Works purchased the 25-foot-building with plans to convert it to a single family. Designer Karim Rashid has transformed the interior with leather accent walls and Swarovski crystals. It’s luxurious, glam, ostentatious quite over the top—but then, if you had a spare $37 million to spend, so would you be.

Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

Jeff is a writer, husband and father but not necessarily in that order. As a music journalist he counts Prince, Beyonce and Quincy Jones amongst those he’s interviewed. He's also owned and flipped homes in Brooklyn, NJ, CT and PA.

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