Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $445,000

· Closed January 23, 2024

405 W 23rd Street #2J
Closed For Sale Co-op

$445,000

405 W 23rd Street #2J

Chelsea, Manhattan

MLS® #RLS10929822

RLS at REBNY

Listing by Compass

Studio

1

Bath

N/A

Sq. Ft.

1930

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1930
Ownership Co-op
Maintenance $1,579/mo
Parking Garage
Neighborhood Chelsea
Floor 2 of 19

Property Highlights

  • Exposure: South facing
  • Outdoor Space: Deck
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 2 of 19
Exposure South
Heating Wall Furnace
Cooling Wall Units
Pets Yes, CatsOk, DogsOk
Year Built 1930
Parking Garage Available
Parking Features Garage, On Site
Structure Type HighRise
Flooring Hardwood, Tile
Furnished Unfurnished
Parcel # 0721-1062-00405-000-000002J
Block/Lot 00721/1062

Listing History

Event Date Price Change
Listed Oct 9, 2023 $425,000 -
Currently Apr 29, 2026 $445,000 +4.7%

Description

Exceptionally Charming and Spacious Studio in Chelsea! Conveniently situated only steps from public transit in Manhattan’s premier art district, this beautifully maintained residence enchants with quick access to avant-garde dining experiences (0.1+miles), trendy galleries (0.2+miles), tons of exciting entertainment options (0.2+miles), highly-rated bars (0.4+miles), an array of specialty grocers (0.4+miles), the Fashion Institute of Technology (0.5-miles), and Chelsea Piers Sports Complex (0.6-miles). Originally built in 1932 and designed by Farrar and Watmaugh, this co-op building has a rich history, like so many of New York City’s most beloved structures. London Terrace Towers consists of two rows of connected apartment buildings, which immensely benefit from the tranquility of the block-long garden. Impeccably neat and tidy, the interior captures the imagination with gorgeous hardwood flooring, neutral paint hues, tons of natural light, elegantly arched windows, a spacious living area, a cozy sleeping space, and a lovely dining area boasting an ultra-chic light fixture. Designed for easy meal preparation, the fully-equipped kitchen features ample white cabinetry, white appliances, a gas range/stove, a dishwasher, a stainless-steel sink, laminate countertops, a refrigerator, and a bright arched window. Rarely found in competitively-priced studios, the full bathroom impressively includes a shower/tub combo, as well as a storage vanity, medicine cabinet, and tile floors. Host gatherings of new friends and loved ones in this entertainment-friendly abode. Get creative with furniture selection and arrangement, so you can truly capture the vast potential in this thoughtfully planned studio. Explore your options and tap into your unique vision with abundant choices, such as versatile sleeper sofas, custom Etsy desks, Pinterest-perfect shelving, Ikea storage systems, and custom wall paper. Residents of The London Terrace Towers have access to an array of fantastic amenities. Take a dip in the pool or relax in the sauna and steam room. Enjoy the fresh air and stunning views from the common outdoor space and roof deck. Stay active and fit in the gym, health club, or yoga studio. The full-time doorman and security staff provide peace of mind, while the on-site parking and bike room offer convenience and storage options. Located in a prime location, this co-op is just steps away from the vibrant energy of Manhattan, only one block away from the High Line, with easy access to shops, restaurants, and entertainment options. Don't miss out on this incredible opportunity to own a piece of New York City. Schedule your showing today!

Features & Amenities

Interior Features

Sauna Common On Floor Common Area Flooring: Hardwood, Tile Bay Windows

Exterior Features

Deck

Building Amenities

Security System Security Guard

Appliances

Dishwasher Gas Cooktop Refrigerator

Building Information

Building Data View Compliance & Permits
Total Units 275
Stories 19
Structure HighRise

Financial Details

Maintenance $1,579/mo
Original Price $425,000
Sale Price $445,000
Previous Price $425,000

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

303

Median Asking Price

$1.97M

Median $/Sqft

$1,777

Avg Days on Market

N/A

New This Week

14

Price Reduced

32%

Sold (30 Days)

38

Median Sale Price

$1.95M

Live data from RLS at REBNY • Updated 4/28/26, 8:55 PM EST

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Location

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405 W 23rd Street #2J, Chelsea, New York County

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 $1,579 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1930, making it approximately 96 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: RLS10929822
First Listed: 10/26/2023
On Market: 10/9/2023
Price Changed: 1/24/2024
Closed: 1/23/2024
Contract Date: 10/9/2023

Listing Courtesy of Compass - Azad Zubair

Listing Contact: (908) 655-8169

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 4/29/2026 at 12:55 AM UTC

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