Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
125 W 21st Street #5B
Interested in this property?
Active For Sale Condo

$1,599,000

$1,612 per sq ft

125 W 21st Street #5B

Chelsea, Manhattan

The Indigo Condominium

MLS® #RLS20071281

RLS at REBNY

Listing by Compass

1

Bedroom

2

Baths

992

Sq. Ft.

2006

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2
Living Area 992 sq ft
Year Built 2006
Ownership Condo
HOA/Common Charges $1,473/mo
Property Taxes $25,536/yr
Neighborhood Chelsea
Floor 5 of 13

Property Highlights

  • Exposure: South facing

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 2 Full
Floor 5 of 13
Exposure South
Pets Yes
Year Built 2006
Living Area 992 sq ft
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Parcel # 0797-1618
Block/Lot 00797/1618

Listing History

Event Date Price Change
Listed Feb 10, 2026 $1,599,000 -
Currently May 4, 2026 $1,599,000 -

Description

Residence 5B at The Indigo Condominium is an immaculate, oversized one-bedroom with two full baths and 32 feet of south-facing frontage overlooking the treetops of West 21st Street. Totaling 992 square feet of highly usable space, 5B feels like a loft but offers the luxury and functionality of new construction. Enter the home through an intimate foyer with two coat closets and a stacked washer and vented dryer. Beyond the entryway is a massive, open U-shaped kitchen with Poggenpohl cabinetry, a professional-grade Viking appliance package, and a 24-bottle wine refrigerator. The breakfast bar seats up to six and flows into a 22-foot-wide living and dining room with stunning floor-to-ceiling glass casement windows, approximately 9.5-foot ceilings, and the option to carve out a small second bedroom, guest room, or nursery. There is also a beautifully appointed full bathroom with a walk-in shower off the living room. The bedroom wing features a nearly 200-square-foot primary suite with two large custom-fitted closets and a five-fixture primary bath with double sinks, a separate steam shower, radiant-heated floors, and a combination of limestone and marble. A large 50 square-foot private storage locker is available for purchase separately. Ideally situated mid-block between Sixth and Seventh Avenues, The Indigo is a full-service condominium with recently upgraded common areas. Residents have access to a roof deck, a backyard recreational area, a live-in super, and a full-time doorman. Developed in 2008 by Alchemy Properties, The Indigo is a coveted address for boutique condo dwellers who love having equal access to all that the Flatiron District and Chelsea have to offer.

Features & Amenities

Interior Features

High Ceilings His And Hers Closets In Unit See Remarks Flooring: Hardwood

Exterior Features

Building Roof Deck

Building Amenities

Elevators

Appliances

Dryer Dishwasher Range Wine Cooler Washer

Building Information

Financial Details

Common Charges $1,473/mo
RE Taxes $25,536/yr ($2,128/mo)

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

307

Median Asking Price

$1.84M

Median $/Sqft

$1,834

Avg Days on Market

N/A

New This Week

24

Price Reduced

27%

Sold (30 Days)

35

Median Sale Price

$2.02M

Live data from RLS at REBNY • Updated 5/4/26, 2:19 AM EST

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Location

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125 W 21st Street #5B, Chelsea, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2006
Year Built
20 years old
13
Floors
52
Residential Units
C6-3A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $15,742,353
Land Value: $1,066,501
Exemptions: $2,290

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 9,472 SF
Building Area: 65,623 SF
Built FAR: 6.93
Allowed FAR: 7.52

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,473 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $25,536, or roughly $2,128 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 2 full bathrooms.

The listed interior living area is 992 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2006, making it approximately 20 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pet policy requires confirmation with the listing broker. Additional notes: 3

At the current list price of $1,599,000 for 992 sq ft, the asking price per square foot is approximately $1,612. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20071281
First Listed: 2/10/2026
On Market: 2/10/2026
Price Changed: 2/10/2026
Contract Date: 2/10/2026

Listing Courtesy of Compass - Michael Rubin

Listing Contact: (347) 880-0349

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 6:19 AM UTC

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