Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
551 W 21ST Street #8B
Interested in this property?
Active For Sale Condo

$6,850,000

$2,825 per sq ft

551 W 21ST Street #8B

Chelsea, Manhattan

551 W 21

MLS® #RLS20076399

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

2.5

Baths

2,425

Sq. Ft.

2015

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 2,425 sq ft
Year Built 2015
Ownership Condo
HOA/Common Charges $5,558/mo
Property Taxes Contact for details
Parking Garage
Neighborhood Chelsea
Floor 8 of 19

Property Highlights

  • Views: City, Ocean, Panoramic, River
  • Exposure: North,South facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full, 1 Half
Floor 8 of 19
View City, Ocean, Panoramic, River
Exposure North,South
Cooling Central Air
Pets Yes
Year Built 2015
Living Area 2,425 sq ft
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 0693-1124
Block/Lot 00693/1113

Listing History

Event Date Price Change
Listed Mar 11, 2026 $7,125,000 -
Price Reduced Apr 13, 2026 $7,150,000 +0.4%
Currently May 5, 2026 $6,850,000 -4.2%

Description

Introducing The Awe-Inspiring, Custom-Designed NYC Home of Hotelier and Developer, Alan Faena

At 2,425 square feet, this impeccably designed two-bedroom, two-and-a-half-bathroom home with a separate library/den is perfectly located on the best block of the West Chelsea waterfront. Beautifully scaled and masterfully designed by the architects of Foster + Partners, along with Alana Faena and his team, this residence includes a magnificent 26' x 19' southwest-facing corner living room, overlooking the Hudson River, downtown Manhattan and beyond. The fully appointed kitchen with beveled marble countertops and backsplash, and a generous library/ media room complete the apartment's entertainment and living spaces.

A gracious master bedroom features a fully finished dressing room with extensive custom millwork by Foster + Partners. The luxurious master bathroom includes a stately entrance through 9' double doors, a freestanding tub, radiant heated Luna Black granite floors, as well as 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 just 42 private homes overlooking the Hudson River in West Chelsea, 551 West 21st Street is one of the most celebrated buildings along West Chelsea's Architect's Row. An exclusive and urbane setting, 551 is ideally located on Manhattan's waterfront and a premier block in one of the most vibrant and sought-after neighborhoods in the world. The building is perfectly located in the West Chelsea Arts District, with top gallerists from Paula Cooper, Barbara Gladstone, Larry Gagosian and David Zwirner all as neighbors; additional nearby attractions include the High Line Park, High Line Hotel, as well as the ever-expanding Hudson Yards and countless restaurants and shopping.

Exquisitely crafted by the master architects of Foster + Partners, 551 West 21st Street features a gated drive court with 24/7 valet parking and surrounded by a 20-foot green wall, a dramatic awe-inspiring 34-foot, double height lobby with custom designed chandelier and a prismatic glass wall allowing natural light to flood the space. Additional amenities include full-time doorman and concierge, porter and valet services, a state-of-the-art fitness center with spa and sauna, treatment room, yoga and pilates room, golf simulator, billiards and residents' lounge, bike storage, a live-in super and a dedicated, separate service entrance.

Parking in the building is available separately for purchase, providing an immediate escape in and out of the City via the West Side Highway.

Features & Amenities

Interior Features

Building Other Washer Hookup In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Bike Storage Cold Storage Common Playroom Concierge Game Room Kitchen Facilities Sauna Spa Hot Tub Steam Room Sauna

Appliances

Washer Dryer Allowed

Building Information

Building 551 W 21
Building Data View Compliance & Permits
Total Units 44
Stories 19
Structure HighRise

Financial Details

Common Charges $5,558/mo
RE Taxes Contact for details
Original Price $7,125,000
Previous Price $7,150,000

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

313

Median Asking Price

$1.84M

Median $/Sqft

$1,760

Avg Days on Market

N/A

New This Week

30

Price Reduced

26%

Sold (30 Days)

35

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 5/5/26, 11:48 AM EST

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Location

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551 W 21ST Street #8B, Chelsea, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

2013
Year Built
13 years old
20
Floors
44
Residential Units
C6-3
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $30,460,953
Land Value: $5,477,402
Exemptions: $0

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

Lot Area: 17,388 SF
Building Area: 153,053 SF
Built FAR: 8.8
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 $5,558 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 2,425 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2015, making it approximately 11 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.

Pets are permitted at this property: Pets Allowed,Building Pets Allowed Comments:Pets Allowed. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $6,850,000 for 2,425 sq ft, the asking price per square foot is approximately $2,825. 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: RLS20076399
First Listed: 3/11/2026
On Market: 3/11/2026
Price Changed: 4/13/2026
Contract Date: 3/11/2026

Listing Courtesy of Douglas Elliman Real Estate - Dustin V Crouse

Listing Contact: (570) 337-5306

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 5/5/2026 at 3:48 PM UTC

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