NOT LISTED FOR SALE

551 W 21st St Unit 3B New York, NY 10011

Chelsea Neighborhood

Estimated Value: $1,153,000 - $2,256,886

2 Beds
1.5 Baths
1,200 Sq Ft
$2,618/mo HOA Fee

Last Sold March 14, 2022

Last sale price $2,195,000 $1,829 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $15,304/month

431 Days on Market

Highlights

  • Rooftop Deck
  • River View
  • Central Air
  • P.S. 11 Sarah J. Garnet School Rated A
  • Entrance Foyer
  • 2-minute walk to Chelsea Waterside Park

About This Home

As of March 2022

Living well never goes out of style in this impeccable 2 bedroom, 1.5 bath luxury condo apartment at the full-service 551 West 21st Street with 5-star amenities in the coveted West Chelsea Arts District. Enjoy impeccably-designed living quarters complimented by expansive western windows. Airy ceilings grace the light-bathed interiors, further enriched by hardwood floors and refined finishes throughout.

A large, gracious foyer with custom millwork and cove lighting welcomes your arrival and makes an elegant impression, spilling into generously-proportioned living/entertaining space. The dramatic great room with open living & dining connects seamlessly to the sleek custom Molteni chef's kitchen appointed with extensive natural oak cabinetry, Blanco Macael marble countertops, a big center island/breakfast bar, and premium-grade appliances that include a Gaggenau cooktop & Falmec extraction hood, Sub-Zero refrigerator/freezer, Miele oven & dishwasher. Refresh and renew in the serene master bedroom with a 10'wide wall of windows facing the river, and spa-inspired en-suite bathroom appointed with stone flooring & relaxing Kohler enameled cast-iron soaking tub. The 2nd bedroom, den or office sits off the living area, featuring oversized windows, fabulous views & tasteful built-ins. Other highlights are a chic powder room with polished-chrome Dornbracht fixtures, and spacious laundry room with a full-size Miele washer & dryer.

551 West 21st Street is contemporary jewel set on the Hudson River. Upscale amenities include a private gated drive court surrounded by a green wall, magnificent soaring lobby, fulltime doorman & concierge, porter, valet, live-in super, state-of-the-art fitness center with his & her spas and yoga room, a residents' lounge, children's playroom, bike storage, and separate service entrance. The incomparable lifestyle continues with a sought-after location minutes from waterfront Hudson River Park, the High Line, Chelsea Piers, Chelsea Market, Whitney Museum, art galleries, fine shops & restaurants, and the A/C/E, L and 1 trains.

Last Agent to Sell the Property

Stephen Ferrara

Compass License #10401243834 Listed on: 11/19/2020

Compass

Co-Listed By

Bobby Larrea

Compass License #10401311269

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $27,648

Year Built

  • Built in 2015

Lot Details

  • 0.4

HOA Fees

  • $2,618 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 1,200 Sq Ft Home
  • Entrance Foyer
  • River Views

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • West Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 7502 / 693

Community Details

Overview

  • Chelsea Subdivision
  • 19-Story Property

Amenities

  • Rooftop Deck
  • Courtyard

Property Details

Home Type

Condominium

Est. Annual Taxes

$27,648

Year Built

Built in 2015

Lot Details

0

HOA Fees

$2,618 per month

Listing Details

  • Cross Street: Tenth Avenue/Eleventh Avenue
  • Exposures: West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 3
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Interior Features: Dining Area, Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1200.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 2

Exterior Features

  • View: River
  • View: Yes
  • Exterior Features: Building Courtyard, Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2618.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 19
  • Year Built: 2015

Tax Info

  • Tax Block: 693
  • Tax Lot: 7502
  • Tax Annual: 27648.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Mar 10, 2022
Sold by
0503173B Llc
Bought by
Obergfoll George and Zarghami Cyma
Seller's Agent
Stephen Ferrara
Compass
List Price
$2,195,000
Sold Price
$2,195,000
Current Estimated Value
$1,860,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$334,678
Avg. Annual Appreciation
1.36%

Purchase Details

Listed on
Nov 12, 2015
Closed on
Jun 2, 2017
Sold by
551 West 21St Street Owner Llc
Bought by
0503173B Llc and Mg Capital Management Lp
Seller's Agent
Erin Aries
Douglas Elliman Real Estate
List Price
$2,850,000
Sold Price
$2,760,000
Premium/Discount to List
-$90,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.68%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Obergfoll George $2,050,000 --
0503173B Llc $2,760,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $2,195,000 0.0% $1,829 / Sq Ft
11/19/2020 11/19/20 For Sale $2,195,000 0.0% $1,829 / Sq Ft
10/09/2017 10/09/17 Rented -- -- --
09/09/2017 09/09/17 Under Contract -- -- --
09/08/2017 09/08/17 For Rent $17,500 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

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 $30,013 $233,966 $44,581 $189,385
2024 $30,013 $240,066 $44,581 $195,485
2023 $29,323 $239,041 $44,581 $194,460
2022 $27,999 $228,847 $44,581 $184,266
2021 $27,527 $224,398 $44,581 $179,817
2020 $28,627 $250,236 $44,581 $205,655
2019 $27,962 $249,955 $44,581 $205,374
2018 $27,213 $224,975 $44,580 $180,395
2017 $25,998 $211,200 $44,580 $166,620
2016 $20,065 $169,221 $44,580 $124,641
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10760272

Real Estate Board of New York (REBNY)

APN: 0693-1102