Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
405 W 23RD Street #12B

For Sale · Listing by Corcoran Group

405 W 23RD Street #12B

Chelsea, Manhattan

$745,000

Interested in this property?
Active For Sale Co-op

$745,000

405 W 23RD Street #12B

Chelsea, Manhattan

London Terrace

MLS® #RLS20113402

RLS at REBNY

Listing by Corcoran Group

Studio
1
Bath
N/A
Sq. Ft.
1929
Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1929
Ownership Co-op
Maintenance $2,073/mo
Parking Garage
Neighborhood Chelsea
Floor 12 of 21

Property Highlights

  • Views: City
  • Exposure: East,North facing
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 12 of 21
View City
Exposure East,North
Pets Yes
Year Built 1929
Parking Garage Available
Structure Type HighRise
Basement Other
Block/Lot 00721/7501

Listing History

Event Date Price Change
Listed Sep 8, 2026 $745,000 -
Currently Sep 8, 2026 $745,000 -

Description

Rare high floor oversized corner studio with 7 windows at London Terrace Towers; 405 West 23rd Street in Chelsea. This loft-like apartment enjoys great light via East and North windows including windows in the bathroom and kitchen. An inviting entrance foyer welcomes you and features a large storage closet. The main living area unfolds into a large open space with multiple layouts possible. A custom office nook has been created with built-in desk, drawers, and shelving. Comfort is maintained via a thru wall unit. The kitchen has been opened to the living area and features full sized stainless appliances including GE gas stove and Bosch dishwasher. Stone countertops, tile backsplash and bar height island produce an inviting space to prepare meals and entertain guests. A large walk in custom closet leads to the windowed updated black and white tiled bathroom. Ownership at London Terrace inculdes use of the iconic half olympic sized pool, steam, sauna, and locker rooms. A full sized gym is also available for an additional fee. One of the best roof decks in the city is also yours to use for relaxing, reading, and catching the amazing views of the city. London Terrace allows Pied-à-Terres, gifting, guarantors, co-purchasing and subletting after 2 years of ownership with board approval. There is a 2% flip tax (buyer and seller each pay 1%) and up to 80% financing is permitted. Your maintenance includes heat, gas, and hot water. Pets are also welcomed. Schedule today to see this rare apartment and all that London Terrace has to offer!

Features & Amenities

Interior Features

Building In Basement

Exterior Features

Building Roof Deck

Building Amenities

Bike Storage Indoor Pool Sauna Storage Steam Room Sauna

Building Information

Financial Details

Maintenance $2,073/mo

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

201

Median Asking Price

$1.70M

Median $/Sqft

$1,848

Avg Days on Market

N/A

New This Week

23

Price Reduced

39%

Sold (30 Days)

43

Median Sale Price

$1.80M

Live data from RLS at REBNY • Updated 9/8/26, 6:30 PM EST

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Location

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405 W 23RD Street #12B, Chelsea, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1932
Year Built
94 years old
19
Floors
2
Residential Units
R8A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $105,464,700
Land Value: $6,094,351
Exemptions: $1,840,691

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

Lot Area: 49,375 SF
Building Area: 668,258 SF
Built FAR: 13.53
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 $2,073 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 0 bedrooms and 1 full bathroom.

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 Milton Coste for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.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: RLS20113402
First Listed: 9/8/2026
On Market: 9/8/2026
Price Changed: 9/8/2026
Contract Date: 9/8/2026

Listing Courtesy of Corcoran Group - Scott M Bane

Listing Contact: (615) 319-8801

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 9/8/2026 at 10:30 PM UTC

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Chelsea Market Update

43 sales last 30 days · $1.70M median · 4.7 months supply

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New listings in this building

Quick Facts

Status Active Type Co-op Neighborhood Chelsea Borough Manhattan
County New York
Floor 12 of 21
Year Built 1929
First Listed 9/8/2026
Parking Garage
Maintenance $2,073/mo

Monthly Costs Estimate

Down Payment 20%

$149,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $2,073
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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