541 West 21st Street, Manhattan
Commercial · built c. 1915 · Block 693, Lot 10.
Building permits
- Alteration, filed Nov 5, 2021, estimated cost $1K, described as “Suspended Hanging Scaffold Installation as per plans filed herewith. No change in use, egress or occupancy.”
- Alteration, filed Mar 25, 2021, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 25, 2021, described as “Installation of temporary fence as per plans. No change in use, egress or occupancy.”
- Alteration, filed Sep 28, 2020, described as “Installation of sidewalk shed”
- Alteration, filed Sep 28, 2020, described as “Installation of pipe scaffolding”
- Alteration, filed Jul 15, 2020, described as “Pipe scaffold proposed installation of pipe scaffold as per plan. No change in use,egress or occupancy.”
- Alteration, filed Mar 27, 2020, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Mar 10, 2020, estimated cost $5K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Dec 16, 2019, estimated cost $5K, described as “Installation of temporary construction fence as per plans. No change in use, occupancy, or egress under this application.”
- Alteration, filed Nov 18, 2019, estimated cost $20K, described as “Herewith filing for sprinkler removals to an existing system.”
- Alteration, filed Oct 24, 2019, estimated cost $112K, described as “Installation of boilers”
- Alteration, filed Oct 22, 2019, estimated cost $5K, described as “Proposed installation of heavy duty sidewalk shed as per plans. Live load 300 lbs per square feet. Sidewalk shed shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Oct 21, 2019, estimated cost $120K, described as “Installation of fuel oil storage for generator.”
- Alteration, filed Oct 21, 2019, estimated cost $10K, described as “Herewith filing for removals of existing plumbing fixtures.”
- Alteration, filed Oct 16, 2019, estimated cost $5K, described as “Proposed installation of temporary pipe scaffold as per plans. Work shall comply with chapter #33 of the NYC building code. No change in use, occupancy, or egress under this application.”
- Alteration, filed Oct 4, 2019, estimated cost $15K, described as “Herewith filing for installation and removal of temp standpipe system”
Property taxes
- Assessment
- $11,099,700
- 2026–27 tax
- $1,125,370
- Market value (city estimate)
- $24,666,000
- Taxable value
- $10,373,990
- Assessed land
- $657,000
- Assessed improvements
- $10,442,700
Zoning
M1-5: floor area ratio 7.39 built, above the 5.00 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Recent sales
- Dec 29, 2025: $46,181,250
Open-market sales since 2016, from the Department of Finance’s sales files.
In the news
The Frame Building’s Office Conversion Wraps Up at 541 West 21st Street in Chelsea, Manhattan, New York YIMBY, Jan 18, 2022.