Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
405 W 23RD Street #7K
Closed For Sale Co-op

$557,500

$1,360 per sq ft

405 W 23RD Street #7K

Chelsea, Manhattan

LONDON TERRACE

MLS® #RLS10823314

RLS at REBNY

Listing by Douglas Elliman Real Estate

Studio

1

Bath

410

Sq. Ft.

1929

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 410 sq ft
Year Built 1929
Ownership Co-op
Maintenance $1,531/mo
Parking Garage
Neighborhood Chelsea
Floor 7 of 21

Property Highlights

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

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 7 of 21
Exposure North
Pets Yes
Cross Street 9 AVENUE and 10 AVENUE
Year Built 1929
Living Area 410 sq ft
Parking Garage Available
Architectural Style Prewar
Parcel # 0721-1062-00405-000-000007K

Listing History

Event Date Price Change
Listed Sep 23, 2021 $595,000 -
Price Reduced Mar 9, 2022 $565,000 -5.0%
Currently May 4, 2026 $557,500 -1.3%

Description

Rarely available K Line at London Terrace in historic West Chelsea. This oversized studio features a private sleeping alcove with built-in shelving has been thoughtfully and elegantly designed while historical details were preserved to keep the prewar feel.

Enjoy large unobstructed windows with bright southern exposures that look out onto Lower Manhattan. Additional prewar features include hardwood floors, beamed ceilings, a large dressing area with built-in closets and an upgraded wall-mounted air conditioner.

The windowed kitchen is fully-equipped with a dishwasher, microwave, refrigerator, plenty of cabinet storage and highlighted by a top-of-the-line Viking cooking range.

The bathroom boasts new tiles and is complemented with sconces, medicine cabinet, and a top-mounted sink over a marble-topped wooden cabinet. The original black-and-white tiled floor and rare deep bathtub were kept to retain historical accents while another custom-built cabinet behind the door provides storage.

London Terrace is a full-service building with 24-hour doormen, live-in super, half-Olympic swimming pool with steam room/sauna, roof deck with panoramic views, fitness center, central laundry room and bike storage. Electric is included in the maintenance. Perfect pied-a-terre and pets are welcome.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Building Information

Financial Details

Maintenance $1,531/mo
Original Price $595,000
Sale Price $557,500
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

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 #7K, 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 $1,531 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 410 square feet. Verify dimensions independently during due diligence.

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.

At the current list price of $557,500 for 410 sq ft, the asking price per square foot is approximately $1,360. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10823314
First Listed: 9/23/2021
Price Changed: 3/9/2022
Closed: 3/8/2022
Contract Date: 9/23/2021

Listing Courtesy of Douglas Elliman Real Estate - Rachel Altschuler

Listing Contact: (917) 626-2529

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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