Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $667,500

· Closed January 14, 2025

405 W 23rd Street #3B
Closed For Sale Co-op

$667,500

405 W 23rd Street #3B

Chelsea, Manhattan

MLS® #RLS11010144

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 $1,835/mo
Parking Garage
Neighborhood Chelsea
Floor 3 of 19

Property Highlights

  • Exposure: East,North facing
  • Climate Control: Wall Units
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 1
Baths 1 Full
Floor 3 of 19
Exposure East,North
Heating Wall Furnace
Cooling Wall Units
Pets Yes, CatsOk, DogsOk
Year Built 1930
Parking Garage Available
Parking Features Garage
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Block/Lot 00721/1062

Listing History

Event Date Price Change
Listed Sep 18, 2024 $695,000 -
Currently Apr 27, 2026 $667,500 -4.0%

Description

Welcome home to this incredible oversized corner studio in the prestigious London Terrace Towers. Seven large windows flood the apartment with amazing natural light. Upon entering this well-appointed loft-like apartment you’re welcomed into an expansive foyer with an extra-large closet. The open kitchen features custom cabinetry, plenty of storage, a stainless steel Bertazzoni range, an oversized under-the-counter freezer and refrigerator, Caesar stone countertops, and honed limestone floors. The expansive countertop provides plenty of cooking space, including a breakfast bar, creating additional seating. The queen-sized Murphy bed folds neatly into the cabinetry, tucked into the corner and out of the way, and surrounded by custom shelving. In addition, the home includes an abundance of closets and storage areas throughout the apartment, through wall AC, and hardwood floors. London Terrace Towers is one of the most iconic full-service prewar buildings in all of Downtown Manhattan, offering an impressive array of amenities including a state-of-the-art fitness center, a stunning half Olympic heated indoor swimming pool, sauna and steam rooms, basement bike storage and a laundry room. There is a landscaped common roof deck and a garage (separate management and fee) accessible directly from the elevator. Located in the heart of West Chelsea, a world-renowned art district, just moments from the Highline, Hudson River Park, Little Island, Hudson Yards, and Meatpacking District. This home is surrounded by culture, convenience, cuisine, and couture. Pets, pied-a-terres, subletting, co-purchasing, guarantors, gifting & parents buying for children are all allowed. Your monthly maintenance payment covers your gas for your stove, your heat, hot water & electricity. Finally, the building allows up to 80% financing.

Features & Amenities

Interior Features

Breakfast Bar Built In Features Sauna Common On Floor Common Area Flooring: Hardwood

Building Amenities

Security System Security Guard

Building Information

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

Financial Details

Maintenance $1,835/mo
Original Price $695,000
Sale Price $667,500
Previous Price $695,000

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

309

Median Asking Price

$1.93M

Median $/Sqft

$1,760

Avg Days on Market

N/A

New This Week

21

Price Reduced

33%

Sold (30 Days)

34

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 4/27/26, 12:35 PM EST

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Location

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405 W 23rd Street #3B, Chelsea, New York County

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 $1,835 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: RLS11010144
First Listed: 9/18/2024
On Market: 9/18/2024
Price Changed: 1/16/2025
Closed: 1/14/2025
Contract Date: 9/12/2024

Listing Courtesy of Compass - Susan Green

Listing Contact: (646) 761-6101

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 4:35 PM UTC

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