125 West 21st Street
125 West 21st Street, New York, NY 10011
BBL 1007977501 · BIN 1087608
- Year built
- 2008
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted
- Doorman
- Full-time doorman
Every recorded sale at this building, 2008–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2025
- $1,633
- floor-adjusted, 2 sales
- Listing discount
- 2.8%
- Recorded sales
- 107
- On record
- 2008–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Indigo would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The Indigo is one of the buildings that defined Chelsea's mid-2000s condominium wave — the moment when a neighborhood of pre-war lofts and walk-ups acquired a generation of purpose-built, full-service condominiums. Designed by FXCollaborative for Alchemy Properties and completed in 2008 by the architect's account (city tax records carry 2006), it stands on West 21st Street between Sixth and Seventh Avenues: a thirteen-story, 52-residence building wrapped in a zinc-and-aluminum skin and stepped with terraces, a contemporary counterpoint to the masonry block around it. It sits in the dead center of Chelsea, equidistant from the gallery district to the west, the Flatiron retail core to the east, and the F/M and 1 trains a short walk in either direction.
For buyers, The Indigo offers what the neighborhood's loft conversions often can't: ground-up systems, a true full-service operation, and a meaningful share of homes with private outdoor space — all under condominium ownership, with its financing flexibility and absence of a co-op admissions board.
Architecture and unit composition
The façade is the building's calling card: zinc and aluminum panels and large casement windows, massed with setbacks that yield private terraces on the upper floors. Inside, the 52 residences run from one to three bedrooms. Sponsor finishes were calibrated to the period's high end — cherry hardwood floors, Poggenpohl cabinetry, Viking stainless appliances, vented washer/dryers in residence, and bathrooms with radiant-heated floors. The terraced upper homes and the penthouses are the building's most sought lines; lower-floor residences trade on the building's services and Chelsea location.
Building operations
The Indigo runs as a full-service condominium. A 24-hour doorman staffs the attended lobby and a live-in superintendent manages the building day to day. The amenity program is anchored by a landscaped roof deck with skyline views and a separate outdoor lounge area, with a bike room and private storage available to residents. Washer/dryers are permitted and were delivered in the homes, and the condominium is pet-friendly. As a condominium, purchases clear through a right-of-first-refusal rather than a co-op board package and interview; confirm financing rules in the declaration and bylaws.
Application and transaction fees
Fees below are from building management's published schedule, as of October 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
9 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $650 | Refundable Non-refundable |
| Credit Check FeePer applicantRequired | Paid by Buyer | When With the application | Amount $150 per applicant and any occupant 18 or older residing in the unit (Note: International credit checks may cost more. | Refundable Non-refundable |
| Move In Fee | Paid by Buyer | When With the application | Amount $750 | Refundable Non-refundable |
| Waiver of the Right of First Refusal Fee | Paid by Buyer | When With the application | Amount $1,000 | Refundable Non-refundable |
| Move Out Fee | Paid by Seller | When With the application | Amount $750 | Refundable Non-refundable |
| Reserve Fund ContributionRequired | Paid by Buyer | When Upon approval | Amount Equal to two (2) months of common charges | Refundable Non-refundable |
| Storage Bin License Fee | Paid by Seller | When Upon approval | Amount $500 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Move Out Deposit | Paid by Seller | When With the application | Amount $1,000 | Refundable Refundable |
Rental or lease
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Lease Fee | Paid by Landlord | When With the application | Amount $600 | Refundable Non-refundable |
| Waiver of Right of First Refusal Fee | Paid by Landlord | When With the application | Amount $600 | Refundable Non-refundable |
| Application Processing FeeIncludes one free credit check | Paid by Tenant | When With the application | Amount $600 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Tenant | When With the application | Amount $20 credit check fee per additional applicant after applicant 1 and any occupant 18 or older residing in the unit payable to The Andrews Organization (Note: International credit checks may cost more. | Refundable Non-refundable |
| Move In Fee | Paid by Tenant | When With the application | Amount $750 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Tenant | When With the application | Amount $1,000 | Refundable Refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Fee | Paid by Tenant | When With the application | Amount $300 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- PermittedSource: The Roebling Team's building profile
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges alone, per square foot
- $1.39 per square foot a monthMedian of 4 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.97 per square foot a monthMedian of 4 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Residents' lounge, roof deck, bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $35,339/yr
- Per unit / month range
- $0 – $57
- Modeled exposure split equally across 52 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2015–20 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Policies and fees
- Min Down Payment: 10%
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Nov 24, 2025 | 12A | 2 BR · 2 BA · 1,361 sf | $2,149,000 | $1,579/sf | -0.0% |
| Oct 1, 2025 | 4C | 1 BA · 605 sf | $945,000 | $1,562/sf | -3.1% |
| Jun 8, 2023 | 6C | 1 BA · 605 sf | $982,999 | $1,625/sf | -5.0% |
| Apr 4, 2023 | 2C | 1 BA · 605 sf | $935,000 | $1,545/sf | -1.6% |
| Mar 16, 2023 | 2E | 2 BR · 2 BA · 1,159 sf | $1,825,000 | $1,575/sf | -1.1% |
| Sep 26, 2022 | 2D | 1 BR · 1.5 BA · 961 sf | $1,500,000 | $1,561/sf | -6.3% |
| Sep 19, 2022 | 7C | 1 BR · 1 BA · 605 sf | $999,000 | $1,651/sf | -4.4% |
| Jul 26, 2022 | 5D | 1 BR · 1.5 BA · 973 sf | $1,550,000 | $1,593/sf | -2.8% |
Market read. Most recent trades (2025) cleared a median $1,633/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 2.8% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00797-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at The Indigo, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 5 | $7,500 |
| 2 bedroom | 2 | $10,925 |
8 closed leases, October 2023 to September 2026. Most recent lease April 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Indigo and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with The Indigo and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like The Indigo. Unsubscribe anytime.
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What to know if you’re buying
As a condominium, The Indigo replaces co-op board admission with a right-of-first-refusal process; confirm financing, subletting, pied-à-terre and trust, LLC or investment ownership rules in the current declaration, bylaws and house rules. Value here is driven by the specifics — which exposure, how much terrace, what floor — layered on the building-level draws of full-time staffing, the roof deck, and the bike and storage rooms. We help buyers read the offering plan and financials, weigh common charges and taxes, and benchmark a given line against Chelsea's boutique-condominium comparable set.
What to know if you’re selling
The selling case is the combination of a distinctive contemporary building, genuine full-service operation, and outdoor space on a large share of homes — all rarer in Chelsea's predominantly pre-war stock than buyers assume. Closing mechanics are condominium-standard: a right-of-first-refusal. Assess current competing inventory and dated sales before assigning scarcity value to a terraced or high-floor home; pricing belongs against the boutique full-service condominium set rather than the broader loft-conversion market.
Comparable buildings
If you're considering The Indigo, also evaluate nearby Chelsea condominium inventory:
- 140 West 22nd Street — pre-war loft-conversion condominium a block north
- 153 West 21st Street — contemporary Chelsea condominium on the same block
- 245 Seventh Avenue — boutique Chelsea condominium nearby
- 252 Seventh Avenue — full-service Chelsea condominium
- 50 West 15th Street — Flatiron-border condominium to the south
More Chelsea buildings
- Citizen (124 West 23rd Street) — 2012 condominium by BKSK Architects
- The Grand Chelsea (124 Eighth Avenue / 270 West 17th Street) — 1988 condominium
- Vision Lofts, 124 West 18th Street — 1920 condominium
- 125 West 22nd Street — 2006 condominium
- The Sierra, 125 West 14th Street — 2001
- 126 West 16th Street — 1886 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Indigo?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com