R
Seller's Agent in 2025
Reena Talwar
Douglas Elliman Real Estate
(847) 903-3262
1 in this area
5 Total Sales
31 W 21st St Unit 5 New York, NY 10010
Flatiron District Neighborhood
4
Beds
3
Baths
4,713
Sq Ft
$5,000/mo
HOA Fee
Highlights
- City View
- 4-minute walk to 23 Street (N,R Line)
- 4-minute walk to Chelsea Green
- P.S. 11 Sarah J. Garnet School Rated A
- Theater or Screening Room
About This Home
As of September 2025HUGE HUGE PRICE DROP! Unbelievable value!! Serious Seller. Bring All Offers!
A unique Flatiron/ Chelsea full-floor luxury loft now at an unbeatable value at $5.75M, down from $6.75M! At under $1,250 per sq. ft, this is the cheapest unit of its kind in the area!
This 4,713 sq. ft. architectural masterpiece by Phil Olson offers an extraordinary canvas for customization. Featuring 4 oversized bedrooms, 3 bathrooms, a media room, home office, and ample storage, this expansive loft boasts soaring 12-foot+ ceilings, reclaimed pine curved walls, a stunning copper-walled office, and backlit Kalwall sliding doors. The mahogany-enclosed infinity tub and two-person steam shower in the primary suite add to its unique character.
While the space is packed with architectural charm and statement features, it does require some updating offering the perfect opportunity to reimagine and modernize to your taste. With its open-concept layout, maple hardwood floors, custom metal art deco front doors, and recessed lighting, the foundation is already set for a truly spectacular transformation.
Set in an intimate 11-unit boutique condo in the heart of Flatiron, just steps from Madison Square Park, Union Square, Eataly, Whole Foods, Trader Joe, top dining, and multiple transit options, this location offers both vibrancy and exclusivity.
With its size, location, and potential, this is a must-see investment opportunity. Priced aggressively at $5.75M, this home invites you to create your dream space in one of NYC most sought-after neighborhoods.
Last Agent to Sell the Property
Douglas Elliman Real Estate License #10401288286 Listed on: 02/27/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $84,090
Year Built
- Built in 1907
HOA Fees
- $5,000 Monthly HOA Fees
Home Design
- Entry on the 5th floor
Interior Spaces
- 4,713 Sq Ft Home
- City Views
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry in unit
- Washer Dryer Allowed
- Washer Hookup
Utilities
- No Cooling
Listing and Financial Details
- Tax Block 00823
Community Details
Overview
- 11 Units
- Flatiron Subdivision
- 11-Story Property
Amenities
- Theater or Screening Room
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 27, 2025
Closed on
Sep 19, 2025
Sold by
Menon Bhaskar and Menon Smita
Bought by
Family Legacy Roots Llc
Seller's Agent
Reena Talwar
Douglas Elliman Real Estate
List Price
$5,750,000
Sold Price
$4,800,000
Premium/Discount to List
-$950,000
-16.52%
Views
24
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
258.10%
Purchase Details
Closed on
Apr 3, 2006
Sold by
Lewis William H and Procter Katharine W
Bought by
Menon Bhaskar and Menon Smita
Purchase Details
Closed on
Sep 23, 2002
Sold by
31 W 21 Llc
Bought by
Lewis William H and Procter Katharine W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.09%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $4,800,000 | -- | |
| Deed | $3,900,000 | -- | |
| Deed | $3,900,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,000,000 | No Value Available | |
| Previous Owner | $556,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/19/2025 09/19/25 | Sold | $4,800,000 | -8.6% | $1,018 / Sq Ft |
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 07/30/2025 07/30/25 | Price Changed | $5,250,000 | -8.7% | $1,114 / Sq Ft |
| 02/27/2025 02/27/25 | For Sale | $5,750,000 | -- | $1,220 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $84,090 | $671,248 | $41,293 | $629,955 |
| 2024 | $84,090 | $672,616 | $41,293 | $631,323 |
| 2023 | $66,957 | $661,615 | $41,293 | $620,322 |
| 2022 | $65,430 | $674,616 | $41,293 | $633,323 |
| 2021 | $78,296 | $644,342 | $41,293 | $603,049 |
| 2020 | $64,465 | $713,658 | $41,293 | $672,365 |
| 2019 | $63,718 | $697,601 | $41,293 | $656,308 |
| 2018 | $72,250 | $658,017 | $41,292 | $616,725 |
| 2017 | $68,816 | $629,872 | $41,293 | $588,579 |
| 2016 | $64,293 | $609,990 | $41,293 | $568,697 |
| 2015 | $21,351 | $555,215 | $41,292 | $513,923 |
| 2014 | $21,351 | $501,813 | $41,293 | $460,520 |
Source: Public Records
Agents Affiliated with this Home
-
Reena Talwar
-
Deepti Mittal
Seller Co-Listing Agent in 2025
Deepti Mittal
Douglas Elliman Real Estate
(917) 991-9528
1 in this area
20 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20005634
APN: 0823-1206
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
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