Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $24,000,000

· Closed January 22, 2025

217 W 21ST Street
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Closed For Sale Multi Family

$24,000,000

$1,333 per sq ft

217 W 21ST Street

Chelsea, Manhattan

MLS® #RLS10994535

RLS at REBNY

Listing by Corcoran Group

Studio

8

Baths

18,000

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 8
Living Area 18,000 sq ft
Lot Size 4,950 sq ft
Year Built 1920
Ownership None
Property Taxes $184,968/yr
Parking Garage (2)
Neighborhood Chelsea
Floor 1 of 3

Property Highlights

  • Views: Other
  • Climate Control: Central Air
  • Parking: Private garage with 2 spaces

Property Details

Type Multi Family
Ownership None
Total Rooms 1
Baths 8 Full
Floor 1 of 3
View Other
Cooling Central Air
Pets Yes
Year Built 1920
Living Area 18,000 sq ft
Parking Garage Available (2 spaces)
Parking Features Assigned, Garage
Structure Type Townhouse
Basement Other
Lot Size 4,950 sq ft
Parcel # 0771-0029
Block/Lot 00771/0029

Description

The Star Cinema Building

Rare in every way possible, the Star Cinema Building represents a singular opportunity to live and work in a fully restored and modernized 1920s warehouse building with elevator perfectly situated on one of Chelseas prime tree lined residential blocks. This unique structure offers 18,000rsf on four levels and the potential of adding a new residential triplex to its top using available FAR.

Characterized by its authentic textures, the building is NOT landmarked, and it is built to its full depth and width of 100 x 50 feet with two curb-cuts and a 2-car showroom-quality garage on the ground floor. Unbridled open space is lined with beautifully executed glass enclosed rooms constructed with original wood beams salvaged from the building's restoration.

The second floor is a true loft with wide open space, high-ceilings, and a setback allowing for a 50-foot wide expanse of open-air outdoor space surrounded by townhouse gardens. Restored original casement windows flank the south side of the floor while custom made windows and doors designed to match the character of the building out look to the terrace and beyond.

The third floor has been known as an artists space for decades and was the artistic home of a renowned painter. While restored, it still operates as an active studio for emerging artists with multiple artists in residence. The third floor has work spaces, storage, skylights and tremendous natural light through its oversized original windows and skylights.

The basement is a fully functional space which has been restored and has accessory usage to the ground floor with two means of egress including high ceilings and elevator access. From the buildings 3,447sf roof one gets a sense of this auspicious location. It is ideal to expand upon or create a roof deck accessed by a proper staircase.

Please inquire for more information about this special opportunity to create a unique presence in a prime a Chelsea location.

Features & Amenities

Interior Features

Smoke Free Building Other

Building Amenities

Elevators Green Building

Building Information

Total Units 3
Stories 3
Structure Townhouse

Financial Details

RE Taxes $184,968/yr ($15,414/mo)
Original Price $34,000,000
Sale Price $24,000,000
Previous Price $29,000,000

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 seamlessly blends industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside charming pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

272

Median Asking Price

$1.90M

Median $/Sqft

$1,786

Avg Days on Market

N/A

New This Week

20

Price Reduced

25%

Sold (30 Days)

31

Median Sale Price

$1.93M

Live data from RLS at REBNY • Updated 3/24/26, 10:52 PM EST

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Location

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217 W 21ST Street, Chelsea, New York County

Floor Plans

Floor Plan
Floor Plan
Floor Plan
MLS® ID: RLS10994535
First Listed: 11/27/2023
On Market: 11/27/2023
Price Changed: 1/22/2025
Closed: 1/22/2025
Contract Date: 11/27/2023

Listing Courtesy of Corcoran Group - Scott Stewart

Listing Contact: (917) 806-4068

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 3/25/2026 at 2:52 AM UTC

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