Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $620,000

Listed at $599,000 · Sold 3.5% above asking · Closed June 9, 2025

Closed For Sale Co-op

$599,000

405 W 23rd Street #2L

Chelsea, Manhattan

MLS® #RLS11024596

RLS at REBNY

Listing by Bond New York Properties LLC

Studio

1

Bath

N/A

Sq. Ft.

1900

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1900
Ownership Co-op
Maintenance $1,629/mo
Parking Garage
Neighborhood Chelsea
Floor 2

Property Highlights

  • Exposure: North facing
  • Parking: Private garage
  • Character: Pre-war building (1900)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 2
Exposure North
Heating None
Pets Yes
Cross Street 9th & 10th Avenues
Year Built 1900
Parking Garage Available
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00721/0000

Listing History

Event Date Price Change
Listed Dec 9, 2024 $620,000 -
Currently Apr 27, 2026 $599,000 -3.4%

Description

**Discover Your Quiet Oasis in Chelsea!**

Nestled in the heart of Chelsea, this charming alcove studio at London Towers offers a serene retreat with high beamed ceilings in a classic prewar doorman building. Situated at the end of a hallway, this cozy space (approximately 550 sqft) provides a peaceful ambiance with a northern exposure, showcasing a beautiful ivy wall and enveloping you in soothing white noise.

**Key Features:**
**Prime Location:** Second-floor unit accessible via stairs (optional elevator use).
**Inviting Interiors:** Windowed kitchen with stainless steel appliances, solid oak flooring, and a spacious changing area with ample storage.
**Comfortable Living Space:** Two oversized windows in the main room and a dedicated sleeping area that fits a queen-size bed.
**Stylish Bathroom:** Enjoy a cast iron soaking tub and a pedestal sink for a touch of elegance.
**Utilities Included:** All utilities (heat, water, electricity, and gas) are covered in the maintenance fee. With an electricity submetering credit of $41.83 monthly, your effective monthly maintenance is $1,628.69.
**Tenancy Details:** Currently tenant-occupied until April 2025; 24-hour advanced notice required for showings.

**Building Amenities:

**London Terrace Towers is a full-service doorman pre-war co-op from the 1930s, consisting of four stunning gothic-style buildings. Enjoy a range of amenities including:

-Indoor mosaic tile pool with steam room, sauna, and locker room
-Laundry facilities, bike room, storage options
-Rooftop deck for relaxation
-On-site garage for convenient parking (separate management/fee)
-Impressive 3,000 SF gym available to shareholders for a low fee
-UnlimitedSubletting is permitted after 2 years of ownership, subjectboard approval


**Conveniently Located:
**Just minutes from the High Line, Chelsea Piers, Hudson River, and a variety of restaurants and galleries. Easy access to the C, E, and #1 subway lines ensures you're connected to all that New York City has to offer.

**Flexible Ownership Options:
**The co-op welcomes dogs, co-purchasing, guarantors, and pied--terre owners, making it a versatile choice for various lifestyles.

Dont miss this opportunity to own a piece of tranquility in vibrant West Chelsea! Reach out today for more information or to schedule a viewing.

BOND New York Properties is a licensed real estate broker that proudly supports equal housing opportunity.

Features & Amenities

Interior Features

High Ceilings Building Inside Common Area None Flooring: Hardwood

Building Amenities

Elevators Health Club Indoor Pool

Appliances

Dishwasher Microwave Stainless Steel Appliances

Financial Details

Maintenance $1,629/mo
Original Price $620,000
Sale Price $620,000

Maintenance Includes

Electricity,Gas,Water

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

0

Median Asking Price

N/A

Median $/Sqft

N/A

Avg Days on Market

N/A

New This Week

0

Price Reduced

N/A

Sold (30 Days)

1

Median Sale Price

$1.70M

Live data from RLS at REBNY • Updated 4/26/26, 9:24 PM EST

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Location

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405 W 23rd Street #2L, Chelsea, New York County • Near 9th & 10th Avenues

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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 $1,629 per month. The fee covers: Electricity,Gas,Water. 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 1900, making it approximately 126 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: RLS11024596
First Listed: 12/9/2024
On Market: 12/9/2024
Closed: 6/9/2025
Contract Date: 12/6/2024

Listing Courtesy of Bond New York Properties LLC - Mariana Bekerman

Listing Contact: (917) 209-9480

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 1:24 AM UTC

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