Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $5,200,000

· Closed July 7, 2021

551 W 21ST Street #5B
Closed For Sale Condo

$5,200,000

$2,273 per sq ft

551 W 21ST Street #5B

Chelsea, Manhattan

551 W 21

MLS® #RLS10906947

RLS at REBNY

Listing by Douglas Elliman Real Estate

3

Bedrooms

3

Baths

2,288

Sq. Ft.

2015

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3
Living Area 2,288 sq ft
Year Built 2015
Ownership Condo
HOA/Common Charges $5,954/mo
Property Taxes $64,764/yr
Parking Garage
Neighborhood Chelsea
Floor 5 of 19

Property Highlights

  • Exposure: South,West facing
  • Outdoor Space: Terrace
  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 3 Full
Floor 5 of 19
Exposure South,West
Pets Yes
Cross Street HIGH LINE and 11 AVENUE
Year Built 2015 (New)
Living Area 2,288 sq ft
Parking Garage Available
Parcel # 0693-1115

Listing History

Event Date Price Change
Listed Sep 9, 2021 $5,475,000 -
Currently May 5, 2026 $5,200,000 -5.0%

Description

Co-exclusive. An owned parking space in the building's garage will be included in the purchase of Apt. 5B.

This grand scale three bedroom (currently configured as 2 bedroom plus den) residence features expansive windows framing views to the South and West. The apartment includes two and half baths and two exquisite planted terraces, totaling 1,263 square feet.

The loft like living and dining area, surrounded by a large terrace is ideal for grand scale modern living and entertainment.

The top-of-the-line kitchen with beveled Blanco de Macael marble counter-tops and natural oak cabinetry by Molteni has double ovens, two dishwashers, and ample storage. The washer and dryer is located in the powder room and discreetly hidden by floor to ceiling doors.

A gracious master bedroom features a private terrace, a fully finished dressing room with extensive custom millwork by Foster Partners, a luxurious master bathroom oasis with double door entry, a freestanding tub, radiant heated Luna Black granite floors and a custom Corian vanity with integrated lighting. Other features include an enclosed shower and water closet with custom designed floor to ceiling translucent glass doors.

The second bedroom has an en suite bath with Travertino Striato stone floors and elegant Dornbracht fixtures.

The third bedroom/den is located along the bedroom wing and directly off the living room.

French-inspired oak herringbone floors frame these distinctive rooms, while luminous metal reveals and a deep facade border each panoramic view.

Additionally, this residence is fully integrated with pre-wiring for the most advanced home technology systems. There are motorized shades in all rooms; operated with Lutron system programmable control pads - to allow for multiple up/down settings.

Exquisitely crafted by the master architects of Foster Partners.551 West 21st Street features a private, gated drive court surrounded by a twenty-foot green wall and a dramatic, awe-inspiring thirty-four-foot double height lobby with grand chandelier. Additional amenities include full-time doorman and a concierge, porter and valet services, a state-of-the-art fitness center with a his and her spa, yoga room, residents' lounge, children's playroom, parking for the residents, bike storage, a live-in super and a dedicated & a separate service entrance.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Exterior Features

Terrace

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $5,954/mo
RE Taxes $64,764/yr ($5,397/mo)
Original Price $5,475,000
Sale Price $5,200,000

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

311

Median Asking Price

$1.89M

Median $/Sqft

$1,834

Avg Days on Market

N/A

New This Week

28

Price Reduced

26%

Sold (30 Days)

35

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 5/5/26, 1:55 AM EST

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Location

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551 W 21ST Street #5B, Chelsea, New York County • Near HIGH LINE and 11 AVENUE

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

2013
Year Built
13 years old
20
Floors
44
Residential Units
C6-3
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $30,460,953
Land Value: $5,477,402
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 17,388 SF
Building Area: 153,053 SF
Built FAR: 8.8
Allowed FAR: 7.52

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $5,954 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $64,764, or roughly $5,397 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms.

The listed interior living area is 2,288 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2015, making it approximately 11 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $5,200,000 for 2,288 sq ft, the asking price per square foot is approximately $2,273. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10906947
First Listed: 9/9/2021
Price Changed: 9/9/2021
Closed: 7/7/2021
Contract Date: 3/10/2021

Listing Courtesy of Douglas Elliman Real Estate - Tamir Shemesh

Listing Contact: (917) 806-6510

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/5/2026 at 5:55 AM UTC

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