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Chelsea Seminary's Latest Conversion Wants One-Day Sellout

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We've been eagerly waiting for 422 West 20th Street, the first in the next round of General Theological Seminary buildings to go condo, to hit the market. And it's about to do so, in a bit of an unusual way. The Journal explains that the apartments will go up for sale the weekend of March 24?at an open house where buyers are advised to show up with paperwork and the $200 deposit for an offering plan. (There are full instructions on the building website.) The brokers are hoping that early interest in the building will translate into a frenzy of sales, with contracts signed three to five days after the open house and closings beginning late this summer.

So what are these apartments like? They're designed by Alan Wanzenberg Architects, the same team behind 422 West 20th's more luxurious older sibling, Chelsea Enclave. But unlike the Enclave apartments?or the rest of the Brodsky Organization-developed GTS condo conversions to come?this building isn't going for luxury.
Units range in size from 612 to 1,644 square feet, and the apartments, which used to be dorms for married GTS students, kept many of the original walls in place. A consequence of this, as one floorplan-ogling tipster already complained to the Curbed inbox, is that the bedrooms are on the small side. Perhaps the pricing?1BRs start at $640,000, and the most expensive unit listed is asking $2.095 million for 3BRs, 2BAs?will compensate? Have a look at some floorplans:

· Official website: 422 West 20th Street []
· New Twist in Seminary's Conversion [WSJ]
· 422 West 20th Street coverage [Curbed]

Chelsea Enclave

177 9th Avenue, New York, NY

422 West 20th Street

422 West 20th Street, New York, NY 10011