- Year built
- 1913
- Type
- Condominium
- Landmark
- No
49 East 21st Street is a 1913 pre-war loft building that converted to condominium ownership — an uncommon and desirable combination. Most of the pre-war loft stock on the Flatiron–Gramercy line is held as cooperative, so a condominium in an authentic century-old loft building gives buyers something rare: the soaring ceilings and oversized windows of the original commercial architecture, with the financing flexibility and ownership latitude of condominium title.
The building sits on a prime block between Park Avenue South and Broadway, steps from Gramercy Park, Madison Square Park, and Union Square, and within a short walk of some of the city's most celebrated restaurants — the kind of address where the surrounding dining, retail, and transit do as much for daily life as the apartment itself. With 43 loft residences, it is intimate, and the homes are characterful rather than uniform, each shaped by the original loft volumes and how owners have renovated them.
For buyers, the appeal is specific: authentic pre-war loft space — beamed ceilings, big light, flexible layouts — in a condominium, in one of downtown's most connected neighborhoods.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $38,892/yr
- Per unit / month range
- $0 – $75
Facade safety — Local Law 11
The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →What to know if you’re selling
Lead with the rare combination: authentic pre-war loft space — beamed 11-to-13-foot ceilings, oversized windows, flexible layouts — in a condominium. That pairing differentiates a resale here from both the co-op lofts nearby and the glass new-construction condominiums in the area. Benchmark to comparable pre-war loft condominiums on the Flatiron–Gramercy line, weighting ceiling height and renovation quality. Closing mechanics are condominium-standard — a right-of-first-refusal rather than a board process — a faster, more predictable path that itself appeals to the flexibility-minded buyer this building attracts. Staging that reads the home as a true loft, and a precise comparable set, position a resale to its strength.
Comparable buildings
If you're considering 49 East 21st Street, also evaluate nearby Flatiron and Gramercy loft and condominium inventory:
- 21 East 22nd Street — Flatiron loft building nearby
- 23 East 22nd Street — Flatiron building nearby
- 15 East 26th Street — Madison Square loft building
- 150 East 23rd Street — ODA-designed Gramercy condominium
- 200 East 20th Street — new-construction Gramercy condominium
The Roebling Team at 49 East 21st Street
The Roebling Team at Compass specializes in the Flatiron district, Gramercy, and the broader downtown loft and condominium market. We publish this profile because buyers and sellers of pre-war loft condominiums deserve building-specific intelligence — what the loft product actually delivers, how condominium ownership changes the buying calculus, and where the pricing sits against the right comparable set. If you're considering a transaction here, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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