Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $485,000

· Closed September 1, 2021

405 W 23RD Street #15C
Closed For Sale Co-op

$485,000

$1,078 per sq ft

405 W 23RD Street #15C

Chelsea, Manhattan

London Terrace

MLS® #RLS10742874

RLS at REBNY

Listing by Douglas Elliman Real Estate

Studio

1

Bath

450

Sq. Ft.

1929

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 450 sq ft
Year Built 1929
Ownership Co-op
Maintenance $1,515/mo
Parking Garage
Neighborhood Chelsea
Floor 15 of 21

Property Highlights

  • Exposure: East facing
  • Style: Prewar architecture
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 15 of 21
Exposure East
Pets Yes
Cross Street 9 AVENUE and 10 AVENUE
Year Built 1929
Living Area 450 sq ft
Parking Garage Available
Architectural Style Prewar
Parcel # 0721-1062-00405-000-000015C

Listing History

Event Date Price Change
Listed Sep 15, 2021 $535,000 -
Currently May 5, 2026 $485,000 -9.3%

Description

(NO BOARD APROVAL SALE + NO FLIP TAXES) Here's the one you have been waiting for! Welcome to West Chelsea and London Terrace Towers Prewar Co-op. In 405 West 23rd Street, you will find a fabulous light filled just under 500 sq. ft. home. Some of the circa 1930's original architectural elements include; steel entry door and all door frames & grillwork, solid oak plank flooring, honey-comb brick walls and 9'+/- beamed ceilings. There are subway tiled walls in the windowed bathroom, deep cast iron soaking tub, plus signature London Terrace black and white mosaic tile flooring. The separate kitchen can work nicely for preparing intimate dinners at home or just simply heating up a slice of pizza. There is ample storage capabilities. Enjoy the high floor views through the enormous windows that frame Chelsea's Historic District and the Empire State Building Spire in the distance. This stunning living space can be appreciated for either long term living or simply enjoying your own sweet Pied A' Terre in the NYC. The Co-ops amenity package includes use of: heat, hot water, gas, Electricity, 1/2 Olympic size indoor heated pool, men and women's locker facilities, steam rooms and saunas. A state of the art fitness center run by: The Wright Fit a private health club welcomes ones own personal trainers (or maybe use theirs). Also included in the abundant amenity package is the lushly planted and teak furnished roof deck (w/ shower). You'll be in awe when taking in the breathtaking views of Manhattan's most famous landmark buildings and the New Jersey skyline off in the distance. Upon entering our 24 hour attended lobbies (ceilings styled after a famous Palace in London), you will surely feel like Royalty. Pets are also welcome. There is an indoor garage (not part of Co-op) located on premises (separate fee applies). Unlimited subleasing post 1-2 year ownership. Call me today for more details and to set up a VIP showing!

Building Information

Financial Details

Maintenance $1,515/mo
Original Price $535,000
Sale Price $485,000

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

311

Median Asking Price

$1.89M

Median $/Sqft

$1,834

Avg Days on Market

N/A

New This Week

28

Price Reduced

26%

Sold (30 Days)

35

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 5/4/26, 10:09 PM EST

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Location

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405 W 23RD Street #15C, Chelsea, New York County • Near 9 AVENUE and 10 AVENUE

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 $1,515 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 450 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 $485,000 for 450 sq ft, the asking price per square foot is approximately $1,078. 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: RLS10742874
First Listed: 9/15/2021
Price Changed: 9/15/2021
Closed: 9/1/2021
Contract Date: 2/5/2021

Listing Courtesy of Douglas Elliman Real Estate - Bruce Solomon

Listing Contact: (917) 763-3472

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 5/5/2026 at 2:09 AM UTC

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