Last week, Chelsea's brand new luxury 9-unit condominium, The Twenty 1 at 117 West 21st Street, saw two more of its listings enter contract: Unit 6Fl for $4.85M and its maisonette residence, which signed for $8.995M – $2M less than what it was originally listed for in August of last year.
Developer David Amirian of The Amirian Group has been realistic about pricing the units in the softening luxury market, telling The Real Deal in 2016, “I think the market has changed, and we want to sell the units.” Well, that practicality has paid off. The Twenty 1, which is expected to open any day now, has just two duplex penthouses remaining.
Developer David Amirian of The Amirian Group has been realistic about pricing the units in the softening luxury market, telling The Real Deal in 2016, “I think the market has changed, and we want to sell the units.” Well, that practicality has paid off. The Twenty 1, which is expected to open any day now, has just two duplex penthouses remaining.
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One of the penthouses, #PH, was previously in-contract for over $18M. It came back on the market just four days ago, priced to sell at a deeply discounted price of $9.5M. And honestly, it's a steal (if you happen to be a multi-millionaire). The impressive home spans 4,451 square feet with four bedrooms, three-and-a-half baths, a 40-ft Great Room, a 17 x 17 master suite, and a private roof terrace. It even comes with deeded parking.
#PHB, priced at an even $10M (originally $14.695M), measures nearly 5,000 square feet and also has four bedrooms and three-and-a-half baths. The loft-like duplex features two large balconies, a 28 × 22 great room, a 17 × 24 master suite, and a private parking spot in the onsite garage.
Both penthouses contain a gourmet kitchen with custom-stained eucalyptus cabinetry and a Miele appliance package that includes 2 integrated 30 refrigerators, a 5-burner gas range and hood, stainless steel convection and speed ovens, integrated dishwasher, and a 102-bottle wine fridge. Other desirable features like a keyed elevator entry, full laundry room, floor-to-ceiling windows, rift cut custom stained oak millwork, and wide plank white oak wood flooring in a modern Chevron pattern can also be found in both homes.
The Twenty 1, designed by award-winning architecture and design firm, GRADE, is located on the same block as Trader Joe's and is within walking distance to a ton of stores and chain restaurants along Sixth Avenue.
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Sandra Herrera
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