Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
405 W 23RD Street #16L
Closed For Sale Co-op

$640,000

405 W 23RD Street #16L

Chelsea, Manhattan

London Terrace

MLS® #RLS10041294

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

Studio

1

Bath

N/A

Sq. Ft.

1929

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1929
Ownership Co-op
Maintenance $1,514/mo
Parking Garage
Neighborhood Chelsea

Property Highlights

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

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths null Full
Exposure North
Pets Yes
Cross Street 9 AVENUE and 10 AVENUE
Year Built 1929
Parking Garage Available
Architectural Style Prewar
Parcel # 0721-1055-00405-000-000016L

Listing History

Event Date Price Change
Listed Feb 13, 2018 $649,000 -
Currently May 10, 2026 $640,000 -1.4%

Description

No Flip Tax and No Board approval on this amazing Co-op at London Terrace, where pied-a-terres and pets are welcome. Maintenance includes heat, electricity and water as well as access to "The Best Pool in New York" with steam rooms and saunas. This high floor Studio feels like a one bedroom with its very deep Alcove and extraordinarily high ceilings, a special feature of the 16th floor. The recent renovation includes new kitchen, tiled bath and fitted dressing room optimizing storage. London Terrace Towers is an iconic 1930's Doorman Co-op comprised of four corner buildings occupying the city block of 23rd-24th Street from 9th-10th Avenue. Amenities include storage, bike room, 24 hour central laundry, a state of the art gym (additional nominal fee) and a beautifully landscaped roof garden looking towards the Hudson. Co-op allows 80% financing, Co-purchasing, Gifting and Parents buying for children, Sub-leasing after one year of ownership.

Building Information

Financial Details

Maintenance $1,514/mo
Original Price $649,000
Sale Price $640,000
Previous Price $649,000

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

320

Median Asking Price

$1.66M

Median $/Sqft

$1,756

Avg Days on Market

N/A

New This Week

25

Price Reduced

27%

Sold (30 Days)

34

Median Sale Price

$2.02M

Live data from RLS at REBNY • Updated 5/10/26, 1:48 AM EST

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Location

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405 W 23RD Street #16L, Chelsea, New York County • Near 9 AVENUE and 10 AVENUE

Floor Plans

Floor Plan 1

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 $1,514 per month. Confirm the exact amount with the listing broker 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 the listing broker for weight limits or breed restrictions.

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: RLS10041294
First Listed: 2/13/2018
Price Changed: 6/10/2018
Closed: 6/12/2018
Contract Date: 2/13/2018

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Carolyn Joy

Listing Contact: (212) 712-1132

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 5/10/2026 at 5:48 AM UTC

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