Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $570,000

· Closed January 9, 2020

405 W 23RD Street #5B
Closed For Sale Co-op

$570,000

405 W 23RD Street #5B

Chelsea, Manhattan

LONDON TERRACE

MLS® #RLS10582077

RLS at REBNY

Listing by Halstead dba 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 $1,600/mo
Parking Garage
Neighborhood Chelsea
Floor 5 of 21

Property Highlights

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

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 5 of 21
Exposure East,North
Pets Yes
Cross Street 9 AVENUE and 10 AVENUE
Year Built 1929
Parking Garage Available
Architectural Style Prewar
Parcel # 0720-0049-00405-000-000005B

Listing History

Event Date Price Change
Listed Sep 18, 2019 $585,000 -
Currently May 7, 2026 $570,000 -2.6%

Description

London Terrace Studios come in many shapes and sizes, each with its own appeal. But none is as versatile and coveted as the corner 'B' Line in 405 west 23rd Street. Why, you may ask?? With open views east, north, and to the south from SEVEN windows its your own, private perch on one of Chelsea's most exciting corners. The kitchen is larger than any of the original kitchens offered in all but one other studio and ANY of the one bedroom apartments in London Terrace Towers. This gives you several options to open it up to create a loft-like feeling with 9' ceilings. In fact, I lived in a 'B' line so can offer you my expertise in re-configuring and maximizing the space.A gracious foyer offers plenty of space for furnishings and art and a huge, walk-in closet. The dressing room to the right allows for even more storage so, fashionistas...your prayers have been answered.The windowed bathroom is vintage London Terrace, with deep soaking tub and original fixtures. Your maintenance includes all utilities so, while you should always be mindful of the environment, you won't have to pay for your A/C etc! It also includes use of our half Olympic size pool, steam rooms and saunas in both Men's and Women's locker rooms. The 3000' gym as well as these amenities are managed by the prestigious Wright Fit who also hosts yoga and Movie Night on the spectacular roof deck.Pets are welcome, storage is available for rent, laundry in the basement is accessible 24/7 and parking is available as well.Come to London Terrace...there's 'No place like home'!

Building Information

Financial Details

Maintenance $1,600/mo
Original Price $585,000
Sale Price $570,000

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

$1.75M

Median $/Sqft

$1,756

Avg Days on Market

N/A

New This Week

26

Price Reduced

27%

Sold (30 Days)

36

Median Sale Price

$2.05M

Live data from RLS at REBNY • Updated 5/7/26, 8:11 AM EST

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Location

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405 W 23RD Street #5B, 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 $1,600 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: RLS10582077
First Listed: 9/18/2019
Closed: 1/9/2020
Contract Date: 9/16/2019

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - Susan M Singer

Listing Contact: (917) 207-6368

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 5/7/2026 at 12:11 PM UTC

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