Listing Courtesy of Elika Associates II LLC
$3,650,000
Potential Rebate: $54,750
<p> </p> <p>This stunning, sun-drenched 2 Bed, 2 Bath luxury condo spans approximately 1,576 square feet and offers a spacious, wide split-bedroom layout with bright eastern exposures overlooking the iconic Highline Hotel. The residence is impeccably finished and thoughtfully designed, featuring dramatic oversized casement windows that flood the home with natural light, outfitted with motorized solar and blackout shades.</p> <p> </p> <p>The open-concept kitchen is a statement in craftsmanship and elegance, blending handcrafted cerused and quarter-sawn white oak cabinetry in a rich dark brown stain with a honed white marble slab countertop and backsplash. High-end integrated appliances include a Miele electric convection oven, speed oven, and gas cooktop with a fully vented pull-out hood, a Gaggenau 48-inch built-in refrigerator, and a Miele under-counter wine cooler, all seamlessly designed for both entertaining and daily living.</p> <p>The serene primary suite features an oversized closet and a show-stopping en-suite bathroom clad in white statuary marble walls and majestic brown marble flooring. Additional highlights include a large freestanding soaking tub, a marble-clad double vanity, an oversized glass-enclosed shower, custom bronze-trimmed vanities, and radiant heated floors throughout the space.</p> <p>This residence is equipped with two-zone central air conditioning and heating, a full-size vented washer and dryer, private storage, and pre-wiring for telephone, data, Time Warner, and Verizon FiOS.</p> <p>Residents enjoy access to exceptional building amenities including a 24-hour concierge, a 2,000-square-foot fitness center by The Wright Fit, a residents" club room, and a playroom. Perfectly located along the High Line and just moments from Chelsea Market, Meat Packing District, Greenwich Village, Chelsea Piers, and Hudson River Waterfront Park, this turnkey investment property offers both lifestyle and income.</p> <p> IMPORTANT</p> <ul> <li>Tenant in Place Until January 31, 2027</li> <li>Monthly Rent: $13,300 Gross Income: $159,600 (February 5, 2025 through January 31, 2026)</li> <li>Monthly Rent: $13,600 Gross Income: $163,200 (February 5, 2026 through January 31, 2027)</li> <li>Tenant is open to a buyout of the lease in advance.</li> <li>Note: Showings require 72 hours" notice.</li> </ul> <p> </p>
$22,167 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$54,750
Monthly savings impact
$152/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Elika Associates II LLC
Data Source: TRESTLE #RLS20040982

Compare average listing prices and value metrics for 500W21 against the surrounding Chelsea market.
than the Chelsea price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Chelsea.
Chelsea is a cultural powerhouse. Known for its hundreds of art galleries, the High Line, and beautiful brownstone streets.
\nA mix of historic townhouses, pre-war co-ops, and ultra-luxury condos near the High Line. Very expensive.
\nVibrant and diverse. The LGBTQ+ community has a strong historic presence. Chelsea Market draws foodies.
\nC/E, 1, and F/M trains serve the area. Penn Station is at the northern border.
\nThe High Line is the crown jewel. Chelsea Piers offers massive sports facilities.
\nBest for art lovers, active lifestyle enthusiasts, and those wanting a mix of historic and modern.

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