145 W 21st St, New York, NY, 10011
About This Home
145 West 21st Street presents a rare opportunity to acquire a distinctive Chelsea multifamily property with exceptional flexibility and upside potential. This approximately 5,700+ square-foot building combines five free-market residential units with a flexible ground-floor studio/office component, offering investors, owner-users, and private buyers a unique blend of income generation and long-term value creation. Currently configured as a free-market multifamily asset, the property provides stable cash flow while offering multiple strategic possibilities. The building’s layout, additional non-residential space, and unused development potential create opportunities for continued investment, repositioning, or conversion into a bespoke Chelsea residence or private-use property. Positioned in the heart of Chelsea, the property benefits from a neighborhood known for its architectural character, art galleries, premier dining, boutique shopping, and proximity to major destinations including the High Line, Chelsea Market, Hudson Yards, Flatiron, and Madison Square Park. The property is ideally suited for: • Luxury single-family townhouse conversion • Private family office with residential component • Live-work residence • Creative studio or gallery concept • Boutique professional headquarters • Long-term income-producing investment Highlights include: • Prime Chelsea location • Approximately 5,700+ SF building • Five free-market residential units • Flexible ground-floor studio/office space • Unused development potential • Multiple investor and owner-user strategies A rare opportunity to acquire a versatile Chelsea asset offering immediate income, future flexibility, and the ability to create a truly bespoke property in one of Manhattan’s most desirable neighborhoods.
Getting Around
Walker's Paradise
Rider's Paradise
Biker's ParadiseSchools
Construction
Condition
- Year built: 1910
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Washer/Dryer
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 11
- Full bathrooms: 11
Cooling
- Cooling features: Central Air
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 5,700
- Total interior livable area: 5,700 sqft
Property
Accessibility
- Accessibility features: Wheelchair Access
Details
- Parcel number: 007970016
- Special condition: Resale
Features
- Patio & porch: Other
- Exterior features: Garden
- Has view: Yes
- View description: City
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $37,919 | $455,028 |
| Home Insurance * | $2,587 | $31,044 |
| Property Taxes | $4,436 | $53,232 |
| Electricity | $941 | $11,303 |
| Total | $45,883 | $550,596 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-29 | Listed for sale | $7,499,000 |
View on Zillow