West Chelsea penthouse in Norman Foster-designed condo sells for $38M

One of three full-floor penthouses inside the West Chelsea condo 551 West 21st Street has sold, according to the New York Times. It marks New York's highest residential sale for the month of November.

The penthouses inside the Norman-Foster designed building have received attention for their extravagant finishes; one of them boasts a 61-foot-long lap pool as part of its 4,000-square-foot private outdoor space. But at the Times reports, this unit was delivered as a white box, "devoid of the usual walls and finishes."

Here's what the new buyer will be working with: panoramic views of the Hudson River and Manhattan skyline, nearly 6,400 square feet of customizable interior space, and finally a 4,579-square-foot private rooftop terrace.

Though there aren't any fancy water features, the outdoor space has the infrastructure to accomidate a 61-foot-long infinity pool. The buyer will also have access to the concrete-and-glass building's luxurious amenity suite, which includes a private porte cochere, fitness center, spa, yoga room, children’s playroom and concierge services.

Though the $38.05 million sales price came out on top for the month, it's a significant price chop from the ask of $50 million.

Corcoran.

The Times roundup of November's top sales offers one more example of how the city's ultra-luxury market is seeing price cuts. The second-highest sale was of a One57 unit that's been in the news due to its prior owner, a Nigerian businessman accused of money laundering. The 6,240-square-foot, 79th floor penthouse closed for $36.66 million, $14.26 million less than what it sold for in 2015. The buyer was David Lowy, son of the founder of retail giant, Westfield Corporation.

The bank auction, which followed a mortgage default, was the largest involving a single residence in New York, according to PropertyShark.

• A $38 Million Penthouse in West Chelsea was November’s Top Sale [NY Times]
• All 551 West 21st Street coverage [Curbed]