Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
405 W 23RD Street #5G
Closed For Sale Co-op

$550,000

405 W 23RD Street #5G

Chelsea, Manhattan

LONDON TERRACE

MLS® #RLS10783155

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 $1,528/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 # 0721-1062-00405-000-000005G

Listing History

Event Date Price Change
Listed Mar 8, 2022 $585,000 -
Price Reduced Jul 15, 2022 $565,000 -3.4%
Currently May 3, 2026 $550,000 -2.7%

Description

Stepping into this sun-washed London Terrace Studio will bring you into a polished version of what our original apartments felt like when offered as luxury rentals back in the day! Furnished with a mahogany and Bird's Eye Maple Cabinetry free standing wall unit, meticulously crafted to include more storage than one could imaginee filling (though, of course, you'll find a way). In addition to glass cabinets for display the unit also includes a fold-up desk housed in the back panel of the Murphy bed.

As you walk toward the south-facing windows you'll see the brand new thru-wall A/C as well as an expansive area for your living room furniture and dining area. The adjacent windowed kitchen has been gut renovated to include White Lacquered cabinets, Zodiac quartz counter tops surrounded by a porcelain floor and backsplash. The Kitchen Aid Double compartment dishwasher takes all of the work out of entertaining though you'll also enjoy the deep European style sink and faucet. With matching Kitchen Aid stove and microwave and plenty of storage it's clear to see that no detail was missed.

In addition to the double coat closet in the foyer there's a deep 7' closet which can be repurposed as an office or whatever fits your lifestyle. Brand new light oak wood floors add to the sunny feel and the updated traditional London Terrace bathroom with deep soaking tub completes this exceptional home.
You'll find a huge laundry room in the basement as well as a bicycle room (fee) and storage lockers are also available for a fee.

Of course London Terrace Towers offers the finest amenities and service with full time doorman and porters 24/7 and a live-in super. Use of our famous half Olympic pool, steam rooms and saunas is included in your maintenance as are all utilities. The roof deck, with 360 views of the river and city, is fully furnished and landscaped to provide private seating and eating areas...the perfect place to start your day with a coffee, meditation, or yoga. Our 3000' health club is fully equipped for serious workouts, including 2 stair masters and Peloton bikes. You can also enjoy various free classes as a member and the cost is only $400 annually!

So come see this beautifully appointed home and enjoy a private tour with the Queen of London Terrace!

Building Information

Financial Details

Maintenance $1,528/mo
Original Price $585,000
Sale Price $550,000
Previous Price $565,000

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

305

Median Asking Price

$1.77M

Median $/Sqft

$1,833

Avg Days on Market

N/A

New This Week

22

Price Reduced

27%

Sold (30 Days)

35

Median Sale Price

$2.00M

Live data from RLS at REBNY • Updated 5/3/26, 11:22 AM EST

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Location

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405 W 23RD Street #5G, 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 $1,528 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: RLS10783155
First Listed: 3/8/2022
Price Changed: 7/15/2022
Closed: 7/14/2022
Contract Date: 3/4/2022

Listing Courtesy of Corcoran Group - Susan 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 5/3/2026 at 3:22 PM UTC

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