221 W 21st St Unit 1C, New York, NY 10011

Property Description

Conveniently located between 7th and 8th Avenues on a charming, prime central Chelsea block, this beautifully designed, professionally renovated one-bedroom home with a wood-burning fireplace features the ultimate prize: a large, private garden. Enter this boutique-scaled, pre-war building from the quiet, tree-lined street via an outstanding tech-based virtual doorman. Upon entering the apartment, you are immediately struck by the rich hardwood floors that gleam in the light under expansive 10-foot ceilings, with exposed beams and a wall of exposed brick that accent the focal point: a working wood-burning fireplace. The kitchen features custom cabinetry, marble counters, a Fisher & Paykel dishwasher, a Bertazzoni range, a Sub-Zero refrigerator, and a microwave. A hallway leads to the bedroom and renovated bathroom, enhanced by numerous closets The unit is outfitted with a Daikin mini-split unit that provides central heating and air-conditioning year-round, as well as integrated ceiling JBL speakers. This serene home faces the back of the building, delivering a uniquely restorative environment in the heart of Manhattan An oversized storage unit in the basement at no additional cost is a bonus. Building amenities include laundry on site, a bicycle room, an elevator, storage, and a part-time superintendent. This well-managed pre-war co-op building has been recently renovated with a fresh, industrial-chic design. Located almost equidistant to Union Square and Madison Square Park to the East and the Highline, Hudson River Park, Chelsea Market, and the West Chelsea Art Gallery District to the West, not to mention some of New York’s finest restaurants, art galleries, and shopping, including supermarkets such as Whole Foods and Trader Joes. This location is a beneficiary of multiple neighborhoods: Chelsea, Flatiron District, Nomad, West Chelsea, Greenwich Village, The West Village, Hudson Yards and the Meatpacking District. Located near major transportation lines, and just two blocks to the 1/C/E subways at the 7th & 8th avenue stations, the F/M at the 6th Ave station is close by too. PLEASE NOTE: The image of the terrace has been virtually staged. * Pied-á-terre allowed: Case by case * Does the Board allow LLC purchasers? No * Does the Board allow TRUST purchasers? No * Does the Board allow co-purchasing or gifting? Both are considered on a case-by-case basis * Does the Board allow Foreign Buyers? Case by case * Subleasing: Allowed. The Board will accept applications for sublets for five (5) out of five (5) consecutive years. * Post closing Liquidity / DTI? No formal guidelines; Management suggests DTI around 30% and 2 years of maintenance and loan payments as Post Closing Liquidity * Flip Tax: 2% of the purchase price