Real estate in Chelsea is highly desirable due to the neighborhood's popularity. From its excellent location to its status as a center of art, culture, and entertainment, it's easy to see why so many native New Yorkers, newcomers to the city, and investors alike have chosen to purchase property in Chelsea. This has led to the real estate market booming in recent decades, with prices for Chelsea apartments for sale constantly on the rise, even as a seemingly never-ending influx of new developments and luxury condos are being built in this trendy Midtown neighborhood. In terms of inventory, the neighborhood has a little bit of everything. You can find historic townhouses with all their character and charm, affordable co-ops, and luxurious condos with some of the most impressive penthouses in all of New York City. The West Chelsea area around the elevated Highline Park, in particular, is one of the best places to purchase a Chelsea penthouse thanks to all the new development in the area. And this hotspot doesn't seem to be cooling anytime soon thanks to its proximity to the Meatpacking District as well as the Hudson Yards development. You really can't go wrong if you buy an apartment in Chelsea. The neighborhood simply has it all, and in the long run, Chelsea real estate will only continue to appreciate, making it an excellent investment. For the best luxury buildings in Chelsea, check out Walker Tower at 212 West 18th Street, Soori High Line at 522 West 29th Street, and Zaha Hadid’s 520 West 28th Street. Condos and apartments for sale at these Chelsea properties are amongst the most elegant in NYC.