$6,000,000
SOLD JUL 20, 2016
Last list price

551 W 21st St Unit 7B New York, NY 10011

Chelsea Neighborhood
2 Beds
3 Baths
2,425 Sq Ft
$3,894/mo HOA Fee

Recently Sold

767 Days on Market

Highlights

  • Newly Remodeled
  • Garage
  • 2-minute walk to Chelsea Waterside Park
  • P.S. 11 Sarah J. Garnet School Rated A

About This Home

As of July 2016

OPEN HOUSE LOCATED AT SALES GALLERY: 545 WEST 25TH STREET, 20FL (BT 10TH AND 11TH AVES)


This two bedroom, two and a half bathroom home, extends above West Chelsea's streetscape and the High Line Park, features extensive southern and western exposures with sweeping views of the Hudson River, midtown and downtown Manhattan, and beyond. This stately, column-free home offers a magnificent corner living room of 26'x19' with adjacent library and eat-in kitchen.

Expertly designed interiors by Foster + Partners include a top-of-the-line kitchen by Molteni with beveled Blanco de Macael marble countertops and natural oak cabinetry, French-inspired oak herringbone wood floors, custom cove lighting in the foyer, detailed millwork and deep thresholds throughout. A gracious master bedroom features 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 secondary bedroom has an en suite bath with Travertino Striato stone floors and elegant Dornbracht fixtures.

With rich materials throughout, this exceptional home offers rooms that are akin to a more elegant era, reinterpreted through the architect's modernist sensibility: French-inspired oak herringbone floors frame these distinctive spaces while luminous metal reveals and a deep facade for perimeter seating border each panoramic view. This residence is fully integrated with pre-wiring for the most advanced home technology systems.

Building description:

19 Stories. 44 Exceptional Residences. Overlooking the Hudson River in West Chelsea with a private, gated drive court, 551 West 21st Street provides an urbane setting in one of the most vibrant and sought after neighborhoods in the world.

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, separate service entrance. Occupancy anticipated for first quarter 2016.

Subject to availability and additional cost.

Exclusive Marketing and Sales Agent: Brown Harris Stevens Development Marketing. This is not an offering. The complete terms are in an offering plan available from the sponsor. File No. CD13-0133.The artist and computer renderings and interior decorations, finishes, fixtures, appliances and furnishings are provided for illustrative purposes only. Approximate finished floor to finished ceiling heights are measured from top of flooring to underside of finished ceiling. At beam drops and/or where there are concealed mechanical pipes, equipment, ducts, soffits or dropped ceilings, ceiling heights may be lower than the stated measurements. Ceiling heights may vary from room to room. Sponsor makes no representation or warranties except as may be set forth in the Offering Plan. Sponsor reserves the right to make substitutions of material, equipment, fixtures, finishes and appliances in accordance with the terms of the Offering Plan.

Last Agent to Sell the Property

Erin Aries

Douglas Elliman Real Estate License #30AR1134386 Listed on: 05/15/2014

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36,612

Year Built

  • Built in 2015 | Newly Remodeled

HOA Fees

  • $3,894 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 2,425 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Community Details

  • 44 Units
  • 551W21 Condos
  • Chelsea Subdivision
  • 19-Story Property

Listing and Financial Details

  • Tax Block 00693

Property Details

Home Type

Condominium

Est. Annual Taxes

$36,612

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

HOA Fees

$3,894 per month

Listing Details

  • Cross Street: 11th Avenue
  • Exposures: South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 19

Interior Features

  • Living Area: 2425.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 3
  • Bedrooms: 2

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3894.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: Yes
  • Building Name: 551W21
  • Units: 44
  • Total Stories: 19
  • Year Built: 2015

Tax Info

  • Tax Block: 00693
  • Tax Annual: 36612.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2022
Sold by
Ma Lishuyi and Yang Hongxuan
Bought by
Gilbert Jay

Purchase Details

Listed on
May 15, 2014
Closed on
Jul 18, 2016
Sold by
551 West 21St Street Owner Llc
Bought by
Ma Lishuyi and Yang Hongxuan
Seller's Agent
Erin Aries
Douglas Elliman Real Estate
List Price
$6,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.41%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $5,740,000 --
Deed $6,112,250 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,592,000 Unknown
Previous Owner $457,677 Unknown
Previous Owner $3,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $39,750 -11.7% $16 / Sq Ft
06/16/2025 06/16/25 Price Changed $45,000 0.0% $19 / Sq Ft
06/16/2025 06/16/25 Price Changed $7,995,000 0.0% $3,297 / Sq Ft
04/16/2025 04/16/25 For Rent $49,500 0.0% --
02/06/2025 02/06/25 Price Changed $8,150,000 -5.8% $3,361 / Sq Ft
11/12/2024 11/12/24 For Sale $8,650,000 0.0% $3,567 / Sq Ft
11/12/2024 11/12/24 Off Market $8,650,000 -- --
10/11/2024 10/11/24 For Sale $8,650,000 +44.2% $3,567 / Sq Ft
07/20/2016 07/20/16 Sold -- -- --
06/20/2016 06/20/16 Pending -- -- --
05/15/2014 05/15/14 For Sale $6,000,000 -- $2,474 / Sq Ft
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 $56,921 $443,726 $84,549 $359,177
2024 $56,921 $455,298 $84,549 $370,749
2023 $45,881 $453,353 $84,549 $368,804
2022 $43,809 $434,019 $84,549 $349,470
2021 $52,206 $425,581 $84,549 $341,032
2020 $44,791 $474,583 $84,549 $390,034
2019 $43,750 $474,051 $84,549 $389,502
2018 $51,611 $426,676 $84,549 $342,127
2017 $49,308 $400,551 $84,549 $316,002
2016 $38,054 $320,936 $84,549 $236,387
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10008657

Real Estate Board of New York (REBNY)

APN: 0693-1121