For buyers drawn to the appeal of new development, Residence S501 at 121 East 22nd Street presents an especially compelling alternative: a pristine first resale in an architecturally distinctive, full-service condominium that is already complete, established, and ready to enjoy.
Buying new construction can be exciting—but it also often means paying a premium for the promise of what is to come. At 121 East 22nd Street, buyers can see exactly what they are purchasing: the finished building, its amenities, the quality of the materials, the light in the residence, and the lifestyle of the neighborhood. There is no construction timeline to estimate, no model unit standing in for the real thing, and no uncertainty around how the building will ultimately function day to day.
Designed by acclaimed architecture firm OMA, 121 East 22nd is a thoughtfully conceived boutique condominium moments from Gramercy Park and Madison Square Park. Residence S501 is a 1,635-square-foot, two-bedroom, two-and-a-half-bath home with nearly 10-foot ceilings, oversized windows, dual exposures, and a rare sense of openness and calm. The primary suite faces the quiet landscaped courtyard and includes a private terrace—a meaningful luxury that is increasingly difficult to find.
The residence has the refined finishes buyers expect from a top new-development offering: white-oak floors, a beautifully appointed Gaggenau kitchen, spa-like marble baths with radiant heat, exceptional storage, and an in-unit washer/dryer. Yet as a first resale, it may offer a more attractive value proposition than a comparable brand-new apartment nearby—particularly once a buyer considers sponsor closing costs, possible transfer taxes, and the premium often attached to a newly launched project.
There is also real value in a building that has had time to settle in. Residents already enjoy a full-service lifestyle with a 24-hour attended lobby and concierge, landscaped courtyard, fitness center, rooftop terrace, residents’ spaces, playroom, screening room, and on-site parking. Buyers can experience the amenity spaces firsthand and understand the rhythm, service, and community of the building before making a decision.
For those seeking contemporary design, turnkey condition, and the convenience of a new condominium—without the uncertainty or potentially higher all-in cost of a brand-new purchase—Residence S501 is a rare opportunity. It delivers the best parts of new development, with the confidence and clarity that come from buying a completed, beautifully maintained home.
Residence S501 at 121 East 22nd Street is offered at $3,150,000
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