Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
240 W 23rd Street #3/4C

For Sale · Listing by Compass

240 W 23rd Street #3/4C

Chelsea, Manhattan

$2,750,000

Interested in this property?
Active For Sale Co-op

$2,750,000

$1,375 per sq ft

240 W 23rd Street #3/4C

Chelsea, Manhattan

MLS® #RLS20093938

RLS at REBNY

Listing by Compass

3
Bedrooms
2.5
Baths
2,000
Sq. Ft.
1920
Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Living Area 2,000 sq ft
Lot Size 3,769.29 sq ft
Year Built 1920
Ownership Co-op
Maintenance $3,972/mo
Neighborhood Chelsea
Floor 1 of 7

Property Highlights

  • Exposure: East,South facing
  • Style: Loft architecture
  • Climate Control: Central Air

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full, 1 Half
Floor 1 of 7
Exposure East,South
Heating Central
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 1920
Living Area 2,000 sq ft
Architectural Style Loft
Flooring Hardwood
Furnished Unfurnished
Lot Size 3,769.29 sq ft
Block/Lot 00772/0067

Listing History

Event Date Price Change
Listed May 28, 2026 $2,975,000 -
Currently Aug 27, 2026 $2,750,000 -7.6%

Description

Welcome to Residence 3/4C at The Arcadia, a rare duplex co-op blending classic Chelsea charm with thoughtful modern updates in a boutique prewar building. Spanning two beautifully laid out levels, this 3-bedroom, 2.5-bathroom home offers generous proportions, architectural character, and exceptional functionality in the heart of Chelsea. Enter through a dramatic arched foyer that opens into an expansive entertaining space featuring exposed brick and custom built-in bookshelves that bring warmth and texture to the oversized living room. The open kitchen is designed for both everyday living and entertaining, anchored by a distinctive circular island and outfitted with a dishwasher and abundant prep space. The adjacent dining area flows seamlessly into the living room, creating an inviting layout ideal for hosting. An elegant spiral staircase in the foyer leads upstairs to the private bedroom level above. Upstairs, all three bedrooms are thoughtfully separated from the main level. The spacious primary suite includes a walk-in closet with an in-unit washer/dryer for added convenience, while the additional bedrooms offer flexibility for guests, home offices, or growing needs. Two full baths upstairs and a powder room on the main level complete the home. Originally constructed in 1899, The Arcadia is an intimate, well-maintained cooperative comprised of just 21 residences. Amenities include a key-locked elevator, app-based video intercom system, full-time superintendent, laundry room, private storage and bike storage, plus a beautifully furnished common roof deck. Perfectly positioned at 240 West 23rd Street, residents enjoy immediate access to the best of Chelsea’s dining, shopping, galleries, and transportation.

Features & Amenities

Interior Features

Built In Features Kitchen Island Building Washer Dryer Install Allowed Common On Floor Common Area Flooring: Hardwood

Exterior Features

Building Roof Deck

Building Amenities

Bike Storage Elevators

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 18
Stories 7
Style Loft

Financial Details

Maintenance $3,972/mo
Original Price $2,975,000
Previous Price $2,975,000

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

203

Median Asking Price

$1.70M

Median $/Sqft

$1,852

Avg Days on Market

N/A

New This Week

2

Price Reduced

43%

Sold (30 Days)

38

Median Sale Price

$1.71M

Live data from RLS at REBNY • Updated 8/27/26, 10:01 AM EST

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Location

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240 W 23rd Street #3/4C, Chelsea, New York County

Floor Plans

Floor Plan 1

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 $3,972 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 2,000 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. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $2,750,000 for 2,000 sq ft, the asking price per square foot is approximately $1,375. 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: RLS20093938
First Listed: 5/28/2026
On Market: 5/28/2026
Price Changed: 8/18/2026
Contract Date: 5/27/2026

Listing Courtesy of Compass - Edward R Freiberg

Listing Contact: (917) 592-5971

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 8/27/2026 at 2:01 PM UTC

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Chelsea Market Update

38 sales last 30 days · $1.70M median · 5.3 months supply

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Quick Facts

Status Active Type Co-op Neighborhood Chelsea Borough Manhattan
County New York
Floor 1 of 7
Year Built 1920
First Listed 5/28/2026
Style Loft
Living Area 2,000 sqft
Maintenance $3,972/mo

Monthly Costs Estimate

Down Payment 20%

$550,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $3,972
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $2M to $2,999,999 at 1.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$34,375

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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