Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
405 W 23RD Street #7J

For Sale · Listing by Douglas Elliman Real Estate

405 W 23RD Street #7J

Chelsea, Manhattan

$590,000

Interested in this property?
Active For Sale • Co-op

$590,000

405 W 23RD Street #7J

Chelsea, Manhattan

London Terrace

MLS® #RLS20119114

RLS at REBNY

Listing by Douglas Elliman Real Estate

Open House Scheduled

Sunday, October 4 • 2:00 PM – 5:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

Studio
1
Bath
N/A
Sq. Ft.
1929
Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1929
Ownership Co-op
Maintenance $1,718/mo
Parking Garage
Neighborhood Chelsea
Floor 7 of 21

Property Highlights

  • Views: City
  • Climate Control: Other
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 1
Baths 1 Full
Floor 7 of 21
View City
Cooling Other
Pets Yes
Year Built 1929
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 0721-1062-00405-000-000007J
Block/Lot 00721/7501

Listing History

Event Date Price Change
Listed Oct 3, 2026 $590,000 -
Currently Oct 4, 2026 $590,000 -

Description

Set in the heart of West Chelsea within London Terrace Towers, this properly proportioned Alcove Studio seamlessly blends 1930s prewar architectural charm with contemporary updates. With its functional layout, prewar proportions, classic finishes, this residence represents iconic West Chelsea co-op living. Apartment 7J boasts high 9' +/--beamed ceilings, solid oak hardwood floors, and ready to refurbish steel door frames and grillwork from a bygone era. The main living space is enshrined in southern expo light that streams in through oversize casement style windows. Designed for versatile layout options, the main room comfortably accommodates designated dining, living, and a separate sleeping alcove. A bright windowed kitchen boasts plenty of crisp white cabinetry and ample appliances-including a gas range, microwave, and dishwasher. Reflecting classic London Terrace character, the renovated bathroom features iconic black-and-white checkerboard mosaic floor tile, bright subway wall tiles and a pedestal sink and glass-enclosed shower stall. The London Terrace Towers Co-op amenity package included in the monthly maintenance charges provides for heat, hot water, gas, and sub-metered electric. Also include is the Crown Jewel of the Co-op, our 1/2 Olympic-size indoor heated pool complemented by private locker rooms with showers, steam rooms, and saunas. A state-of-the-art health facility welcomes personal trainers, or you can work with one of the onsite fitness instructors. Residents also enjoy a lushly planted and teak-furnished roof deck with outdoor shower and breathtaking views of Manhattan's iconic skyline, the New Jersey skyline, and the Hudson River. Upon entering the 24-hour attended lobbies, with ceilings inspired by a famous London palace, you'll immediately experience the distinctive character of this legendary West Chelsea community. Pets are welcome, and an indoor garage is located beneath the complex (separate charges apply). Unlimited subleasing is permitted after two years of ownership, subject to Board approval. London Terrace is surrounded by an extraordinary collection of art galleries, museums, restaurants, shopping, parks, and waterfront destinations. The High Line, Hudson River waterfront, Chelsea Piers, Chelsea Market, Hudson Yards, and The Edge are all within easy reach.

Features & Amenities

Interior Features

Building In Basement

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft

Building Amenities

Bike Storage Indoor Pool Sauna Steam Room Sauna

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $1,718/mo

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

286

Median Asking Price

$1.65M

Median $/Sqft

$1,884

Avg Days on Market

N/A

New This Week

20

Price Reduced

28%

Sold (30 Days)

37

Median Sale Price

$1.77M

Live data from RLS at REBNY • Updated 10/4/26, 6:53 AM EST

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Location

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405 W 23RD Street #7J, Chelsea, New York County

Building Information

Official NYC property records for this building

1932
Year Built
94 years old
19
Floors
2
Residential Units
R8A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $105,464,700
Land Value: $6,094,351
Exemptions: $1,840,691

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

Lot Area: 49,375 SF
Building Area: 668,258 SF
Built FAR: 13.53
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 $1,718 per month. Confirm the exact amount with Milton Coste 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 Milton Coste for weight limits or breed restrictions.

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: RLS20119114
First Listed: 10/3/2026
On Market: 10/3/2026
Price Changed: 10/3/2026
Contract Date: 10/3/2026

Listing Courtesy of Douglas Elliman Real Estate - Bruce W Solomon

Listing Contact: (917) 763-3472

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 10/4/2026 at 10:53 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Chelsea Market Update

37 sales last 30 days · $1.65M median · 7.7 months supply

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Quick Facts

Status Active Type Co-op Neighborhood Chelsea Borough Manhattan
County New York
Floor 7 of 21
Year Built 1929
First Listed 10/3/2026
Parking Garage
Maintenance $1,718/mo

Monthly Costs Estimate

Down Payment 20%

$118,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $1,718
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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