31 West 21st Street, Unit 5

Flatiron

$5,750,000
Price
4
Beds
4,713 Sq. Ft.
$1,220 / Sq. Ft.
4,713
Sq. Ft.
$1,220
per Sq. Ft.

Description

Huge $1 million price drop! Serious Seller. Bring All Offers! A unique Flatiron/ Chelsea full-floor luxury loft now at an unbeatable value at $5.75M, down from $6.75M! At under $1,250 per sq. ft, this is the cheapest unit of its kind in the area! This 4,713 sq. ft. architectural masterpiece by Phil Olson offers an extraordinary canvas for customization. Featuring 4 oversized bedrooms, 3 bathrooms, a media room, home office, and ample storage, this expansive loft boasts soaring 12-foot+ ceilings,...Huge $1 million price drop! Serious Seller. Bring All Offers! A unique Flatiron/ Chelsea full-floor luxury loft now at an unbeatable value at $5.75M, down from $6.75M! At under $1,250 per sq. ft, this is the cheapest unit of its kind in the area! This 4,713 sq. ft. architectural masterpiece by Phil Olson offers an extraordinary canvas for customization. Featuring 4 oversized bedrooms, 3 bathrooms, a media room, home office, and ample storage, this expansive loft boasts soaring 12-foot+ ceilings, reclaimed pine curved walls, a stunning copper-walled office, and backlit Kalwall sliding doors. The mahogany-enclosed infinity tub and two-person steam shower in the primary suite add to its unique character. While the space is packed with architectural charm and statement features, it does require some updating offering the perfect opportunity to reimagine and modernize to your taste. With its open-concept layout, maple hardwood floors, custom metal art deco front doors, and recessed lighting, the foundation is already set for a truly spectacular transformation. Set in an intimate 11-unit boutique condo in the heart of Flatiron, just steps from Madison Square Park, Union Square, Eataly, Whole Foods, Trader Joe, top dining, and multiple transit options, this location offers both vibrancy and exclusivity. With its size, location, and potential, this is a must-see investment opportunity. Priced aggressively at $5.75M, this home invites you to create your dream space in one of NYC most sought-after neighborhoods.
  1. Listed by Reena Talwar • Douglas Elliman Real Estate
    P: (847)-903-3262 C: (847)-903-3262 reena.talwar@elliman.com
  2. Listed by Deepti Mittal • Douglas Elliman Real Estate
    P: (917)-991-9528 C: (917)-991-9528 deepti.mittal@elliman.com

Property Details for 31 West 21st Street, Unit 5

View
City
LISTING UPDATED: 06/04/2025 12:04 PM

Property Details for 31 West 21st Street, Unit 5

StatusActive
MLS IDRLS20005634
Days on Market110
Taxes$5,781 / month
Common Charges$5,000 / month
Min. Down Pymt10%
Total Rooms6.0
Compass TypeCondo
MLS TypeCondo
Year Built1910
CountyNew York County

Building

31 W 21st St

11 Units11 StoriesBuilt in 1910

Location

Listing Courtesy of Douglas Elliman Real Estate
Add your commute

Virtual Tour

Building Information for 31 West 21st Street, Unit 5

Building/Complex31 W 21st StFloor5Stories11Residences11Pet Policy-Pet Policy DetailsPets Allowed.Year Built1910Building AgePre-war

Payment Calculator

$44,673 per month

30 year fixed, 6.845% Interest

Principal and Interest

$33,892

Property Taxes

$5,781

Maintenance/Common Charges

$5,000

The Payment Calculator is for illustrative purposes only.

Property Information for 31 West 21st Street, Unit 5

Summary
Location and General Information
  • Subdivision Name: Flatiron
  • Stories Total: 11
  • Exposures: North, South
  • Garage Spaces: 0.0
  • View: Yes
  • Zoning Description: C6-4A
Taxes and HOA
  • Tax Lot: 0000
  • Tax Deduction Percent: .00%
  • Tax Block: 00823
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 7503
  • Tax Monthly Amount: 5781.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 4713.0
  • Living Area Units: SquareFeet
Building Information
  • Building Features: ScreeningRoom
  • Landmark Status YN: false
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingYes
  • Building Pets Allowed Comments: Pets Allowed
  • Capital Reserves YN: false
  • Green Building YN: false
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: Condominium
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: Loft
  • Property Condition: Good
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Entry Level: 5
  • Appliances: WasherDryerAllowed
  • Fireplace: No
  • Dining Type: Alcove
  • Floor Number: 5
  • Basement: No
  • Cooling: No
  • Laundry Features: WasherHookup, InUnit
  • ElevatorsTotal: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Attendance Type: None
  • Land Lease: No
  • Pets Allowed Comments: Pets Allowed

Property History for 31 West 21st Street, Unit 5

DateEvent & SourcePriceAppreciationLink
Feb 27, 2025

Listed (Active)

RLS RESO #RLS20005634

$5,750,000
Aug 5, 2024

Permanently Off Market

RLS RESO #RLS10964282

$6,250,000
Feb 12, 2024

Listed (Active)

RLS RESO #RLS10964282

$6,700,000
Sep 18, 2023

Permanently Off Market

RLS RESO #RLS10889140

$6,700,000
Mar 17, 2023

Listed (Active)

RLS RESO #RLS10889140

$6,750,000
Apr 7, 2006

Sold

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$3,900,000
Apr 3, 2006

Sold (Public Record)

ACRIS #2006041101668003

$3,900,000
Feb 14, 2006

Contract Signed

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$3,900,000
Jan 2, 2006

Price Change

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$3,900,000
Sep 9, 2005

Listed (Active)

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$4,350,000
DateEvent & SourcePrice
02/27/2025

Listed (Active)

RLS RESO #RLS20005634

$5,750,000
08/05/2024

Permanently Off Market

RLS RESO #RLS10964282

$6,250,000
02/12/2024

Listed (Active)

RLS RESO #RLS10964282

$6,700,000
09/18/2023

Permanently Off Market

RLS RESO #RLS10889140

$6,700,000
03/17/2023

Listed (Active)

RLS RESO #RLS10889140

$6,750,000
04/07/2006

Sold

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$3,900,000
04/03/2006

Sold (Public Record)

ACRIS #2006041101668003

$3,900,000
02/14/2006

Contract Signed

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$3,900,000
01/02/2006

Price Change

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$3,900,000
09/09/2005

Listed (Active)

RealPlus #f2f6f69b8b1d5cef489a7dc61d81c592436d9acc

$4,350,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 31 West 21st Street, Unit 5

Taxable ValueLand$41,293Additions$652,064Total$693,357
Tax Record2025$84,077 ($7,006 / month) Tax Class2Tax Rate12.5%
Home Facts
Total Finished SqFt4,713 SqFtLot Size5,488 SqFtYear Built0ZoningC64AAPN1008231206

Schools near 31 West 21st Street, Unit 5

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Nyc Lab Ms For Collaborative Studies
Public6 to 8

Middle 297
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

31 West 21st Street, Unit 5 is a condo for sale in Flatiron. This property was listed for sale on February 27, 2025 by Douglas Elliman Real Estate, it's currently listed at $5,750,000. It has been on the market for a total of 110 days and was last sold on April 7, 2006. This listing's school district is New York City Geographic District # 2. Nearby schools include PS 11 Sarah J Garnett Elementary School (The), Nyc Lab Ms For Collaborative Studies and Middle 297. 31 West 21st Street, Unit 5 is a 4-bed, 3-bath, 4,713 sqft condo built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman Real Estate

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.