Get Century 21 Central

A property that's under contract is one that the seller has previously accepted an offer on from a buyer. However, until all contingencies on the home are met and ownership transfers to the new homeowner during the closing process, the deal can still fall through.

The flagship store in Lower Manhattan reopened Tuesday with shelves fully stocked at 22 Cortlandt Street. New York City Mayor Eric Adams was at the store ahead of the ribbon cutting to mark the revival of the department store that first opened in the 1960s.

Century 21 Real Estate LLC is an American real estate agent franchise company founded in 1971. The system consists of approximately 14,000 independently owned and operated franchised broker offices in 86 countries and territories worldwide with over 147,000 sales professionals.

Century 21 Department Stores LLC is an American chain of department stores, headquartered in New York City, which had 13 locations in the northeastern United States at the time of its closing in 2020. In 2023, the flagship center next to the World Trade Center reopened.

Century 21 has 13 stores mostly in New York City and the surrounding metropolitan area. As of Thursday, it had 1,400 employees. The company blamed the lack of payment on its business interruption insurance as the cause of its demise.

And as of today, May 16, 2023, the store has officially reopened at its flagship location on Cortlandt Street across from the World Trade Center in lower Manhattan. “This is very exciting for us.

“Under contract” means the seller has accepted an offer, but there are still conditions to clear before closing. “Active under contract” means the seller is welcoming backup offers. “Pending” means the home is under contract, and all conditions have been met for the deal to close.

Later in 2020, the Gindis bought Century 21's intellectual property in a bankruptcy sale with hopes of eventually reviving the business, said Teresa Rodriguez, the vice president of marketing at Century 21 NYC.