Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $550,000

Listed at $575,000 · Sold 4.3% below asking · Closed October 27, 2022

405 W 23RD Street #8J
Closed For Sale Co-op

$575,000

405 W 23RD Street #8J

Chelsea, Manhattan

London Terrace

MLS® #RLS10976820

RLS at REBNY

Listing by Douglas Elliman Real Estate

Studio

1

Bath

N/A

Sq. Ft.

1929

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1929
Ownership Co-op
Maintenance $1,487/mo
Parking Garage
Neighborhood Chelsea
Floor 8 of 21

Property Highlights

  • Outdoor Space: Deck
  • Climate Control: Other
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 8 of 21
Cooling Other
Pets Yes
Year Built 1929
Parking Garage Available
Structure Type HighRise
Basement Other
Block/Lot 00721/7501

Listing History

Event Date Price Change
Listed Mar 14, 2022 $575,000 -
Currently May 3, 2026 $575,000 -

Description

Nestled in the heart of Chelsea at London Terrace Towers which is one of the most iconic and distinguished co-op buildings in all of Manhattan. Apartment 8J is a sophisticated south-facing prewar gem. While sun floods through double-paned casement style windows you will find gray-washed hardwood flooring throughout and a living room with more than enough space for entertaining and hosting guests. Just off the entry, there is a enormous walk in closet/dressing area which was also custom fitted by California Closets and is connected to the bathroom. In the bathroom, you will be treated with a 1930s cast iron tub, mosaic tiled black & white flooring and subway tiled walls. The alcove area is being used as an interior sleeping space and has the capability of being privately closed off with custom pocket doors. The alcove area is also fitted with additional storage and closet space built in. The separate windowed kitchen features full-sized appliances and ample cabinetry. Pets, co-purchasing, gifting, and pied-a-terre's are all allowed as well as unlimited subleasing after just one year of ownership. The monthly maintenance includes utilities such as electricity, heat, hot water and gas. London Terrace Towers amenities include a 24-hour concierge in a beautifully appointed lobby, a 3,000 sq.ft. state-of-the-art fitness center, 1/2 Olympic size indoor heated pool, men and women's locker facilities, steam rooms and saunas, a fully furnished roof deck, and stunning views of some of the most recognizable NYC buildings, New Jersey skyline, and the Hudson River.

Features & Amenities

Interior Features

Smoke Free Building In Basement

Exterior Features

Building Roof Deck Private Outdoor Space Under60 Sqft Deck

Building Amenities

Indoor Pool Sauna Steam Room Sauna

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $1,487/mo
Sale Price $550,000

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

$1.79M

Median $/Sqft

$1,766

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 5/2/26, 9:22 PM EST

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Location

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405 W 23RD Street #8J, 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 $1,487 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: RLS10976820
First Listed: 3/30/2022
On Market: 3/14/2022
Price Changed: 3/30/2022
Closed: 10/27/2022
Contract Date: 3/30/2022

Listing Courtesy of Douglas Elliman Real Estate - Gavin Shiminski

Listing Contact: (631) 553-0109

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 1:22 AM UTC

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