Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $576,000

· Closed March 21, 2022

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

$576,000

405 W 23RD Street #5F

Chelsea, Manhattan

LONDON TERRACE

MLS® #RLS10761451

RLS at REBNY

Listing by Corcoran Group

Studio

1

Bath

N/A

Sq. Ft.

1929

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1929
Ownership Co-op
Maintenance $1,572/mo
Parking Garage
Neighborhood Chelsea
Floor 5 of 21

Property Highlights

  • Exposure: South 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 South
Pets Yes
Cross Street 9 AVENUE and 10 AVENUE
Year Built 1929
Parking Garage Available
Architectural Style Prewar
Parcel # 0721-1062-00405-000-000005F

Listing History

Event Date Price Change
Listed Jan 18, 2022 $595,000 -
Currently May 4, 2026 $576,000 -3.2%

Description

Welcome to 405 West 23rd St., 5F, a beautifully designed and smartly laid-out studio with loads of prewar charm and great light from open city and skyline views facing south. With much attention paid to architectural detail in the renovation by its designer-owner, this oversized studio with its separate entry foyer, dressing room, nicely preserved original bathroom, renovated windowed kitchen, generous sleeping alcove, and cleverly-designed built-ins make it truly stand out from the rest.

Enter into the gracious foyer and ahead is the bright 19 x 14.5 common living space with 8 feet, 9 inches ceilings, two oversized double-paned windows, custom built-ins of which one houses a through-wall Friedrich air conditioner, and plenty of space for entertaining, dining, working and sleeping. The windowed chef's kitchen, with lots of room given its generous Carrara marble counter tops, features abundant cabinetry, open shelving, a brand-new Fisher & Paykel dishwasher, a new Avanti gas range, an under counter SubZero refrigerator and freezer, and a new GE microwave. The well-designed sleeping alcove includes lacquered finish built-ins housing a full-size Murphy bed, bedside night stand, and lots of storage. Off the entry foyer is the generous dressing area featuring an Elfa system closet and a custom-built wenge wood armoire with drawers and shelving. This leads to the well-preserved original subway tile bathroom with oversized bathtub and pedestal sink. There are oak-strip hardwood floors throughout, and electricity and gas are included in the maintenance.

405 West 23rd Street is part of London Terrace Towers co-ops built in 1930 and located in the heart of the vibrant West Chelsea art gallery district between 9th and 10th avenues. Pets are welcome. Co-purchasing, gifting, and Pied A Terre buyer's allowed. Unlimited subleasing post 1 year ownership allowed with Board approval. Building amenities include a full-time doorman, fantastic building maintenance staff, central laundry room, bicycle room, and storage bin room. The complex includes an art deco indoor half Olympic swimming pool, gym with sauna and steam room, planted roof deck with herb garden and 360-degree views, its own post office, a grocery store, barber, bank, wine shop, dry cleaner, Joe's coffee shop and an underground parking garage. It is nearby the High Line Park, Chelsea's unique art galleries, Whole Foods Market, Chelsea Market, favorite restaurants such as Bottino, Empire Diner, Mermaid Chelsea, and Cookshop, and is an easy stroll to the nearby A, C, E and 1, 2, 3 subway lines.

Building Information

Financial Details

Maintenance $1,572/mo
Original Price $595,000
Sale Price $576,000
Previous Price $595,000

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

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 5/4/26, 4:34 AM EST

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Location

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405 W 23RD Street #5F, 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 $1,572 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: RLS10761451
First Listed: 1/18/2022
Price Changed: 3/21/2022
Closed: 3/21/2022
Contract Date: 10/26/2021

Listing Courtesy of Corcoran Group - Edward Tawil

Listing Contact: (732) 614-2235

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 5/4/2026 at 8:34 AM UTC

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