Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Under Contract – Backup offers may be accepted

240 W 23RD Street #PHC
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Pending For Sale Co-op

$2,250,000

$1,324 per sq ft

240 W 23RD Street #PHC

Chelsea, Manhattan

The Arcadia

MLS® #RLS20045354

RLS at REBNY

Listing by Berkshire Hathaway HomeServices New York Properties

2

Bedrooms

2

Baths

1,700

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,700 sq ft
Year Built 1920
Ownership Co-op
Maintenance $4,516/mo
Neighborhood Chelsea

Property Highlights

  • Views: City, River
  • Exposure: South facing
  • Outdoor Space: Terrace, Balcony

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full
View City, River
Exposure South
Pets Yes
Year Built 1920
Living Area 1,700 sq ft
Structure Type HighRise
Basement Other
Block/Lot 00772/0067

Listing History

Event Date Price Change
Listed Sep 2, 2025 $2,495,000 -
Price Reduced Dec 13, 2025 $2,395,000 -4.0%
Currently May 29, 2026 $2,250,000 -6.1%

Description

WISH YOU COULD LIVE NEXT DOOR TO THE HISTORIC AND ICONIC HOTEL CHELSEA? Here's your chance:

The first thing you notice is the light. Southern exposure floods the home, filling every corner and making it feel like summer year-round. With two entrances, three private outdoor spaces, deeded storage, and a fully renovated interior facing the quiet of 22nd Street, all that's left is for you to move in. Let's take a tour:

Floor 1

This level begins with the chef's kitchen and an adjacent dining area that seats up to eight. High-end stainless steel appliances, a wine fridge, and a built-in pet feeding station with its own faucet are all included. At the far end of the space are two rooms, each with its own balcony and sleeping loft. A full bathroom with heated floors and a washer and dryer hidden in the linen closet complete this floor.

Optional layout: Prefer an oversized bedroom with double balconies? The two rooms can easily be combined. See Alternative Floor Plan 1.

Floor 2

The second-level entrance drops you into the heart of the home. This family room is larger than most studio apartments in Manhattan. It has hosted themed dinners that spilled onto the terrace, game nights, book clubs, and more. Its size makes it easy to imagine an extra bedroom AND a home office here if desired. See Alternative Floor Plan 2.

The Terrace

Slide open the doors to your massive outdoor terrace. Here, you can soak up the sun, do morning yoga, grow fruits and vegetables, and let kids and pets wear themselves out. Blue jays, robins, and mourning doves make regular appearances in the summer; snow collects in the winter for your own personal snowman. Fun fact: The current owners held their wedding here, because when your terrace feels like a private garden with open city views, why wouldn't you?

Floor 3

At the very top sits your grand suite: a king-sized bedroom with two walk-in closets, an en-suite bathroom, and views of Chelsea framed by three oversized windows. You end the day here, tucked above the city.

More Thoughtful Details

- White oak floors with soundproofing under every plank.

- Fireproofing throughout the walls

- LED recessed lighting on every floor

This isn't a compromise, this isn't "close enough," this is the home that delivers everything you thought you couldn't have for under $2.5M.

The Building

The Arcadia, a C.P.H. Gilbert design from 1899. Just 21 residences. A key-locked elevator, app-based video intercom, a full-time super, laundry, storage (including bikes) and a common roof deck.

The Neighborhood

Chelsea is all around you: the historic Hotel Chelsea next door, restaurants, galleries, fitness centers, grocery stores like Whole Foods and Trader Joe's, and subway lines (C, E, 1, F, M) all within a block. You'll feel plugged into the city without giving up your peace and quiet.

Buyer's Capital Contribution: Two months" maintenance into the reserve fund.

Features & Amenities

Interior Features

Walk In Closets Building None In Unit

Exterior Features

Balcony Private Outdoor Space Under60 Sqft Terrace Balcony

Building Amenities

Elevators

Appliances

Dishwasher Washer Dryer Allowed

Building Information

Building The Arcadia
Building Data View Compliance & Permits
Total Units 17
Stories 7
Structure HighRise

Financial Details

Maintenance $4,516/mo
Original Price $2,495,000
Previous Price $2,395,000

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

318

Median Asking Price

$2.00M

Median $/Sqft

$1,881

Avg Days on Market

N/A

New This Week

17

Price Reduced

32%

Sold (30 Days)

19

Median Sale Price

$1.63M

Live data from RLS at REBNY • Updated 5/29/26, 10:33 AM EST

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Location

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240 W 23RD Street #PHC, Chelsea, New York County

Virtual Tour

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3

Building Information

Official NYC property records for this building

R6B
Zoning District

Tax & Assessment

Assessed Value: $0
Land Value: $0
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 143,414 SF
Allowed FAR: 2

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 $4,516 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,700 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1920, making it approximately 106 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: Pets Allowed,Building Pets Allowed Comments:Pets Allowed. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $2,250,000 for 1,700 sq ft, the asking price per square foot is approximately $1,324. 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 [email protected]. 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: RLS20045354
First Listed: 9/2/2025
On Market: 9/2/2025
Price Changed: 12/13/2025
Pending Since: 3/20/2026
Contract Date: 9/2/2025

Listing Courtesy of Berkshire Hathaway HomeServices New York Properties - Anique Christie-Wallace

Listing Contact: (347) 443-4798

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 5/29/2026 at 2:33 PM UTC

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