Indigo Condominium
125 West 21st Street, Manhattan, NY 10011
Overview
- Units
- 52 residential · 30 storage · 1 commercial
- Subway
- 3 min walk to 23 St F M23 St 1, 4 min
- Developers
- Alchemy Properties Inc., AEW PARTNERS IV, L.P.
- Principals
- Marc L. Davidson
- Average $/sf
- $1,206Homes in Schedule A, as first offered
- Common charges
- $556–$1,616 a monthSponsor's first-year estimate in Schedule A, January 1, 2008 to December 31, 2009
- Offering price
- $80 million total
- Floor plans
- Page 79 of the plan
The sponsor of record is 125 West 21st, LLC, represented by Wolf Haldenstein Adler Freeman & Herz, LLP. The offering plan runs 447 pages. The sponsor has filed 6 amendments, the latest in May 2009. The nearest other condo plan on file is Twenty 1, next door.
Plan CD060549 · New · accepted Jan 26, 2007 · AG record ↗
Units & Prices
Closings Pro
| Homes closed100% of the homes in Schedule A | 52 of 52 |
| Closing prices vs. Schedule A51 homes: $68,296,615 at closing against $70,260,000 in Schedule A (p. 50) | −2.8% |
| Average closing price51 homes, on their Schedule A square feet | $1,184 / SF |
| Closingsfirst and latest recorded | Mar 10, 2008 – Sep 10, 2009 |
Sales recorded with the Department of Finance (ACRIS) through Jan 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 52 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 4D | Mar 10, 2008 | $1,089,528 | $1,090,000 p. 50 | −0% |
| 2A | Mar 11, 2008 | $1,736,116 | $1,705,000 p. 50 | +1.8% |
| 2D | Mar 11, 2008 | $1,018,250 | $1,000,000 p. 50 | +1.8% |
| 4B | Mar 12, 2008 | $1,109,893 | $1,090,000 p. 50 | +1.8% |
| 7B | Mar 12, 2008 | $1,186,261 | $1,165,000 p. 50 | +1.8% |
| 5A | Mar 14, 2008 | $2,081,303 | $2,015,000 p. 50 | +3.3% |
| 5D | Mar 17, 2008 | $1,135,349 | $1,115,000 p. 50 | +1.8% |
| 12A | Mar 17, 2008 | $1,776,846 | $1,745,000 p. 50 | +1.8% |
| 6B | Mar 18, 2008 | $1,160,805 | $1,140,000 p. 50 | +1.8% |
| 6E | Mar 18, 2008 | $1,476,463 | $1,450,000 p. 50 | +1.8% |
| 3E | Mar 19, 2008 | $1,354,273 | $1,330,000 p. 50 | +1.8% |
| 6D | Mar 19, 2008 | $1,185,243 | $1,140,000 p. 50 | +4% |
| 2C | Mar 20, 2008 | $595,676 | $585,000 p. 50 | +1.8% |
| 3B | Mar 20, 2008 | $1,084,436 | $1,065,000 p. 50 | +1.8% |
| 3D | Mar 20, 2008 | $1,058,879 | $1,065,000 p. 50 | −0.6% |
| 4C | Mar 21, 2008 | $672,045 | $660,000 p. 50 | +1.8% |
| 5E | Mar 21, 2008 | $1,435,733 | $1,410,000 p. 50 | +1.8% |
| 4E | Mar 24, 2008 | $1,395,003 | $1,370,000 p. 50 | +1.8% |
| 7D | Mar 24, 2008 | $1,211,718 | $1,165,000 p. 50 | +4% |
| 9B | Mar 24, 2008 | $1,237,174 | $1,215,000 p. 50 | +1.8% |
| 8D | Mar 25, 2008 | $1,211,718 | $1,190,000 p. 50 | +1.8% |
| 10A | Mar 25, 2008 | $1,837,941 | $1,805,000 p. 50 | +1.8% |
| 10C | Mar 25, 2008 | $1,318,634 | $1,295,000 p. 50 | +1.8% |
| 2E | Mar 26, 2008 | $1,318,634 | $1,295,000 p. 50 | +1.8% |
| 5C | Mar 26, 2008 | $697,501 | $685,000 p. 50 | +1.8% |
| 11A | Mar 26, 2008 | $1,761,573 | $1,740,000 p. 50 | +1.2% |
| 8B | Mar 27, 2008 | $1,211,718 | $1,190,000 p. 50 | +1.8% |
| 10B | Mar 28, 2008 | $1,909,219 | $1,875,000 p. 50 | +1.8% |
| PH B | Mar 28, 2008 | $2,092,504 | $2,055,000 p. 50 | +1.8% |
| PH C | Mar 28, 2008 | $1,629,200 | $1,600,000 p. 50 | +1.8% |
| 5B | Mar 31, 2008 | $1,135,349 | $1,115,000 p. 50 | +1.8% |
| 6C | Mar 31, 2008 | $737,213 | $735,000 p. 50 | +0.3% |
| 3A | Apr 3, 2008 | $1,832,850 | $1,940,000 p. 50 | −5.5% |
| 11B | Apr 9, 2008 | $1,828,759 | $1,795,000 p. 50 | +1.9% |
| 7C | Apr 15, 2008 | $758,596 | $785,000 p. 50 | −3.4% |
| 6A | Apr 18, 2008 | $2,053,810 | $2,040,000 p. 50 | +0.7% |
| PH A | Apr 18, 2008 | $2,041,591 | $2,005,000 p. 50 | +1.8% |
| 12C | Apr 23, 2008 | $1,282,995 | $1,265,000 p. 50 | +1.4% |
| 12B | Apr 25, 2008 | $1,848,124 | $1,815,000 p. 50 | +1.8% |
| 3C | Apr 30, 2008 | $621,133 | $610,000 p. 50 | +1.8% |
| 11C | Jun 17, 2008 | $1,252,448 | $1,240,000 p. 50 | +1% |
| 9C | Jun 27, 2008 | $789,144 | $830,000 p. 50 | −4.9% |
| 8C | Jul 24, 2008 | $773,870 | $810,000 p. 50 | −4.5% |
| 9D | Aug 4, 2008 | $1,207,500 | $1,215,000 p. 50 | −0.6% |
| 4A | Aug 12, 2008 | $1,949,949 | $1,990,000 p. 50 | −2% |
| 9A | Sep 22, 2008 | $1,900,000 | $2,060,000 p. 50 | −7.8% |
| 2B | Jun 15, 2009 | $500,000 | — | — |
| 9E | Jun 25, 2009 | $997,885 | $1,570,000 p. 50 | −36.4% |
| 7E | Jul 20, 2009 | $997,885 | $1,500,000 p. 50 | −33.5% |
| 8A | Aug 12, 2009 | $1,650,000 | $2,100,000 p. 50 | −21.4% |
| 8E | Aug 18, 2009 | $997,885 | $1,530,000 p. 50 | −34.8% |
| 7A | Sep 10, 2009 | $1,650,000 | $2,060,000 p. 50 | −19.9% |
Pro
Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- 125 West 21st, LLC
- Developers
- Alchemy Properties Inc., AEW PARTNERS IV, L.P.
- Principals
- Marc L. Davidson
- Tax estimate
- Lippman Krasnow Kelton & Schuman LLPPrepared the first-year real estate tax projection
From our research: Do NYC Developers Rehire the Same Firms?
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