Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,265,000

· Closed April 24, 2025

405 W 23RD Street #4E
Closed For Sale Co-op

$1,265,000

$1,406 per sq ft

405 W 23RD Street #4E

Chelsea, Manhattan

London Terrace

MLS® #RLS11019920

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

1

Bedroom

1

Bath

900

Sq. Ft.

1929

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 900 sq ft
Year Built 1929
Ownership Co-op
Maintenance $2,919/mo
Parking Garage
Neighborhood Chelsea
Floor 4 of 21

Property Highlights

  • Views: City
  • Exposure: East,South facing
  • Climate Control: Other

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 4 of 21
View City
Exposure East,South
Cooling Other
Pets Yes
Year Built 1929
Living Area 900 sq ft
Parking Garage Available
Structure Type HighRise
Basement Other
Block/Lot 00721/7501

Listing History

Event Date Price Change
Listed Nov 6, 2024 $1,325,000 -
Currently Apr 27, 2026 $1,265,000 -4.5%

Description

One Bed in Chelsea Plucked Straight Out of Paris

Welcome home to this beautiful Parisian sanctuary on one of the most desirable blocks in the heart of Chelsea. On the corner of 9th Avenue and 23rd Street, apartment 4E at 405 West 23rd has been completely gut renovated and redesigned by Andre Mellone at Studio Mellone with not one detail overlooked or expense spared.

From the large entry foyer with an oversized coat closet, enter the southern- and eastern-facing corner living room. Custom built-ins span one side of the living room, while a designated dining area which comfortably seats 10 flanks the other. Just off the dining area, the kitchen features black Calacatta marble, a Miele appliance package complete with dishwasher, Waterworks fixtures, and custom cabinetry.

The windowed bathroom-directly off the foyer and facing south-features a double sink marble vanity, Waterworks fixtures, and elegant deep blue subway tile. While the oversized bedroom has a huge walk-in closet, two large windows looking south onto 23rd Street, and comfortably fits a king bed with bedside tables and room to spare.

The apartment also features hardwood floors throughout, nine oversized casement windows, and through-wall air conditioning. Pre-war details have been maintained through the coffered ceilings and trim detailing. All of these features create a perfectly modern apartment with an aura of timeless sophistication.

405 West 23rd Street in the London Terrace Towers is an iconic pre-war elevator coop with full-time doorman, an on-site resident manager, swimming pool, health club (with saunas & steam room), parking garage, roof deck, courtyard gardens, laundry, bike room, and storage. Gas, electric, pool, steam room, and sauna, are all included in the maintenance, while the gym and the parking garage are managed by a third party. Co-purchasing, gifting, and pied-a-terre are all allowed. Subletting is allowed after one year of ownership. The 2% flip tax is split evenly between the buyer and the seller.

Features & Amenities

Interior Features

Building In Basement

Exterior Features

Building Roof Deck Private Outdoor Space Under60 Sqft

Building Amenities

Indoor Pool Sauna Storage Steam Room Sauna

Building Information

Financial Details

Maintenance $2,919/mo
Original Price $1,325,000
Sale Price $1,265,000
Previous Price $1,325,000

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.

Chelsea Live Market Data

View Neighborhood

Active Listings

308

Median Asking Price

$1.84M

Median $/Sqft

$1,746

Avg Days on Market

N/A

New This Week

20

Price Reduced

31%

Sold (30 Days)

34

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 4/27/26, 3:48 AM EST

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Location

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405 W 23RD Street #4E, Chelsea, New York County

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
8
Floors
R8
Zoning District

Tax & Assessment

Assessed Value: $4,813,200
Land Value: $1,966,500
Exemptions: $4,813,200

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 8,048 SF
Building Area: 66,370 SF
Built FAR: 8.25
Allowed FAR: 6.02

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $2,919 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 900 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1929, making it approximately 97 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $1,265,000 for 900 sq ft, the asking price per square foot is approximately $1,406. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS11019920
First Listed: 11/6/2024
On Market: 11/6/2024
Price Changed: 5/6/2025
Closed: 4/24/2025
Contract Date: 11/6/2024

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Jesse L Rosenthal

Listing Contact: (917) 789-3433

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/27/2026 at 7:48 AM UTC

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