NOT LISTED FOR SALE

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

Chelsea Neighborhood

Estimated Value: $7,120,000

3 Beds
4 Baths
6,137 Sq Ft
$12,100/mo HOA Fee

Last Sold December 08, 2016

Current estimated payment $56,510/month

607 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 December 2016

551 West 21st Street's Penthouse C embodies the distinctive creative process of Foster + Partners, one of the world's most prestigious architecture practices. Winner of the Pritzker Architecture Prize, Foster + Partners is renowned for their holistic approach to design, influenced by the material and transcendent needs of the people, always with utmost consideration of the culture and context in which they build.Rising over 200 feet above the West Chelsea arts district, Foster + Partner's magnificent 6,137 square foot Penthouse C offers column-free interiors and panoramic views, particularly from the nearly 2,000 square feet of private outdoor space. With dedicated elevator access through both the entertaining and sleeping areas of the home, Penthouse C delivers incredible scale and perpetually vivid sunrise-to-sunset views over Manhattan and the Hudson River.Spanning the entire eighteenth floor, this extraordinary home is defined by a classic floor plan, akin to those of a bygone era, reinterpreted with a modernist sensibility and an unprecedented attention to detail. Direct elevator access into an elegant and gracious vestibule with custom millwork and cove lighting leads one through the stately center gallery that delineates the entertaining rooms from the private living quarters. The vast corner entertainment wing is comprised of an impressive grand room and club space separated by a central double-sided wood burning fireplace. A fifty-seven-foot-long terrace wraps the entire northwest corner of the grand room, while a thirty-four-foot-long loggia lines the western perimeter, revealing coveted views over New York City's most acclaimed landmarks and the Hudson River. A thirty-five-foot corner dining room off the center library invites lively dinner parties and entertaining. Luminous metal reveals throughout perfectly frame each window and provide perimeter seating for quiet contemplation and breathtaking views of the ever-changing sky.A thirty-foot-long chef's kitchen designed by Foster + Partners and produced by Molteni & C-Dada includes beveled Blanco de Macael marble countertops with matching backsplash and natural stained oak cabinetry. Top-of-the-line appliances including a Gaggenau cooktop, barbeque grill and Teppanyaki grill with two Best Range extraction hoods, Miele integrated coffee machine and warming drawers, and integrated Fisher & Paykel cooling drawers equip 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 permits lively dinner parties and intimate family gatherings. The nearly 1,000 square foot corner master suite is extended by its own fifty-three-foot-long terrace running the entire eastern perimeter and an additional thirty-three-foot-long loggia that opens to the warm southern horizon. The exceedingly luxurious corner master bathroom, across from a stunningly considered dressing room with direct terrace access, features enormous windows with northern city and river views, a bespoke vanity, separate enclosed shower and water closet and a freestanding bathtub. Two additional large bedrooms have en-suite bathrooms with Travertino stone tile floors, custom designed cabinets with beveled edges, and Dornbracht fixtures.Eleven-and-a-half-foot ceilings, solid white oak herringbone floors and sets of nine-foot-high double doors with deep wood thresholds are among the many details that exemplify the richmateriality infused into this Foster + Partners home. The substantial outdoor areas of Penthouse C are seamlessly married to the interiors through expansive ten-foot-high tempered glass doors, and are fully equipped with electricity, plumbing and lighting.551 West 21st Street features a private, gated drive court urrounded 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

  • $113,760

Year Built

  • Built in 2015 | Newly Remodeled

HOA Fees

  • $12,100 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

$113,760

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

HOA Fees

$12,100 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

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: 12100.0
  • 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: 113760.0

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 List to Sale Price per Sq Ft
12/08/2016 12/08/16 Sold -- -- --
11/08/2016 11/08/16 Pending -- -- --
03/12/2015 03/12/15 For Sale $40,000,000 -- $6,518 / 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: RLS10009639

Real Estate Board of New York (REBNY)

APN: 0693-1146