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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 17 2025 AT 5:13 AM.

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31 W 21ST St 5

new york, NY 10010

$5,750,000

  • 4 BR
    3 BA
    APPROX. 4,713 SF
  • logodouglas elliman exclusive

GET IN TOUCH WITH OUR AGENTS

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.

Details

4,713 Sq Ft

Condo

$5,000 Monthly Maintenance/CC

$69,372 Annual Tax

Built in 1907

MLS/Listing ID 23361759

Buyer’s Agent Compensation: 2.5%

11 Stories

11 Units

Amenities & Features

Elevator

Pets Allowed

Air Conditioning

City View

Exposures: North, South

In Unit Washer/Dryer

Listing Courtesy of DOUGLAS ELLIMAN REAL ESTATE, REENA TALWAR - 212-891-7103

REBNY

Source of Data: REAL ESTATE BOARD OF NEW YORK

Interested in 31 W 21ST St 5?

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.