NOT LISTED FOR SALE

551 W 21st St Unit PHB New York, NY 10011

Chelsea Neighborhood

Estimated Value: $7,120,000

3 Beds
4 Baths
6,137 Sq Ft
$10,754/mo HOA Fee

Last Sold January 12, 2017

Current estimated payment $56,880/month

642 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 January 2017

Meticulously crafted by the innovative and world-renowned Foster + Partners, 551 West 21st Street stands as a stunning example of an architectural practice, which is guided by a belief that the quality of our surroundings has a direct influence on the quality of our lives. Soaring over 200 feet above the Hudson River in the West Chelsea arts district, Foster + Partner's magnificent 6,137 square foot Penthouse B offers column-free interiors and magnificent panoramic views. This home features dedicated elevator access through both the entertaining and private-suite areas of the home, immediately introducing the incredible scale and perpetually vivid sunrise-to-sunset views over Manhattan and the Hudson River.

Spanning the entire nineteenth floor, Penthouse B defines itself through a classic floorplan, akin to those of a bygone era and reinterpreted with a modernist sensibility and unprecedented attention to detail. A sophisticated and gracious vestibule with custom millwork and cove lighting leads to a stately center gallery that delineates the entertaining rooms from the sleeping quarters. A majestic corner grand room, boasting interconnected club room and living spaces that are partitioned by a double-sided wood burning fireplace, offers direct access to the thirty-three-foot-long loggia with unobstructed western views. Eleven-and-a-half-foot tall ceilings, solid white oak herringbone floors and sets of nine-foot-high double doors with deep wood thresholds seamlessly complete this timeless home.

An exquisite thirty-five-foot-long corner dining room off the center library floats high above the Hudson River, inviting lively dinner parties and entertaining. Luminous metal reveals throughout the home perfectly frame each window and provide perimeter seating for quiet contemplation and breathtaking views of the Hudson River and Manhattan's ever-changing sky.

Produced by Molteni & C-Dada and designed by Foster + Parnters, the eat-in chef's kitchen includes beveled Blanco de Macael marble countertops and backsplash, and natural stained oak cabinetry. Top-of-the-line appliances including a Gaggenau cooktop, barbecue grill and Teppanyaki grill, Miele integrated coffee machine and warming drawers, and Fisher & Paykel integrated cooling drawer adorn this sunlit, south-facing kitchen. With a separate butler's pantry containing additional rows of refrigeration (including two built-in thirty-inch Sub-Zero wine coolers providing storage for 300 bottles), the Penthouse kitchen is capable of hosting extensive dinner parties for the most distinguished and novel culinary creations.

Impressive double doors provide an elegant entry into the nearly 1,000 square-foot corner master suite, distinguished by a thirty-three-foot loggia with ten-foot glass doors that open to the warm southern horizon. The luxurious corner master bathroom features enormous windows with unparalleled city views, a bespoke vanity, separate enclosed shower and water closet, as well as a freestanding bathtub. The stunning dressing room, just across from the master bathroom, includes tailored millwork and direct access to the terrace. Two additional large bedrooms have en-suite baths with Travertino stone tile floors, custom-designed cabinets with beveled detail, and polished chrome Dornbracht fixtures.

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 a 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: 03/12/2015

Douglas Elliman Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $101,100

Year Built

  • Built in 2015 | Newly Remodeled

HOA Fees

  • $10,754 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 6,137 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 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

$101,100

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

HOA Fees

$10,754 per month

Listing Details

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

Interior Features

  • Living Area: 6137.0
  • Living Area Units: Square Feet
  • Rooms (Total): 10

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 3

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 10754.0
  • 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: 101100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2018
Sold by
551 West 21St Street Owner Llc
Bought by
Board Of Managers Of The 551 West 21 Str
Current Estimated Value
$7,120,000

Purchase Details

Closed on
Jan 22, 2016
Sold by
551 West 21St Street Owner Llc
Bought by
551 West 21St Street Owner Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Board Of Managers Of The 551 West 21 Str -- --
551 West 21St Street Owner Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2017 01/12/17 Sold -- -- --
12/13/2016 12/13/16 Pending -- -- --
03/12/2015 03/12/15 For Sale $35,000,000 -- $5,703 / 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 $85,720 $794,713 $164,322 $630,391
2024 $85,720 $809,294 $164,322 $644,972
2023 $83,214 $781,650 $164,322 $617,328
2022 $82,615 $768,150 $164,322 $603,828
2021 $77,622 $725,850 $164,322 $561,528
2020 $95,263 $947,700 $164,322 $783,378
2019 $90,189 $915,822 $164,322 $751,500
2018 $85,995 $895,572 $164,322 $731,250
2017 $79,593 $880,650 $164,322 $716,328
2016 $64,135 $788,064 $164,322 $623,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10009823

Real Estate Board of New York (REBNY)

APN: 0693-1146