Updated Oct 20, 2026
Scott Hustis Of Compass Represents Condo Under Contract In Chelsea For $17M
551 West 21st Street
$17,000,000
$3,980/SF
Building Size
4,271 SF
Asset Type
Condo
Closing
Oct 19, 2026
About this deal
AI
A four-bedroom condo located at 551 West 21st Street Unit 17A in Chelsea, Manhattan is currently under contract with an asking price of $17,000,000. The condo spans 4,271 square feet with a price per square foot of $3,980. It features views of the Hudson River and the skyline, along with 11-foot ceilings and valet parking.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,000,000
- Address: 551 West 21st Street Unit 17A
- Market: Chelsea, Manhattan
- Square Footage: 4,271
- Price Per Square Foot: $3,980
- Broker: Scott Hustis - Compass
The transaction involves Scott Hustis from Compass, who represents the seller in this deal, highlighting the professional engagement in closing this luxury condominium sale.
On the Map
$17,000,000
$3,980/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Undercontract transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93