Prevu by reAlpha
BuySellBlogBrowse Listings

405 West 23rd Street 16INew York, NY 10011

For Sale

$589,000

Smart Buyer Rebate $2,225

New on Market Welcome Home to this bright Alcove Studio on a High Floor in the Iconic London Terrace

Reach out for a virtual tour or in person tour!

This rarely available 16th-floor south-facing alcove studio offers an ideal blend of natural light, space, and thoughtful design. With the flexible layout, it can easily function as a junior one-bedroom. The alcove area, comfortably fits a Queen-size bed and can also be customized into a hidden closet space. The expansive living and dining area provides plenty of room to relax or entertain.

London Terrace Co-op Living: Historic Elegance with Modern Conveniences
Enjoy the charm of this iconic 1930s full-service co-op, with pieds--terre, co-purchasing, and subletting allowed (1 year terms). A 2% flip tax applies and there is access to the famous London Terrace pool with steam rooms and saunas (fee applies).

Amenities Include:
Full time lobby
State-of-the-art gym (for a nominal fee)
Basement bike room and central laundry
Landscaped roof garden with breathtaking Hudson River views
The monthly maintenance includes heat, hot water, & sewer. Wifi services available in the building include Verizon and Spectrum.

London Terrace allows 80% financing and supports co-purchasing and gifting. Sub-leasing is permitted after two years of ownership. Pets are allowed with board approval.

Location, Location, Location!
Set within four iconic buildings occupying the block from 23rd to 24th Streets and 9th to 10th Avenues, youll be close to:

The High Line
Chelseas art galleries and vibrant restaurants
Hudson River Park, with dog runs and Chelsea Piers
Chelsea Market and premier shopping options
This exceptional apartment offers the perfect combination of historic charm and modern comfort, right in the heart of one of Manhattans most desirable neighborhoods. Dont miss the chance to make it yours!

Note: Virtually staged





Listed by James Glynn

·

Real New York

·

(917) 273-9400

Listed by Johnson Tsai

·

Real New York

Last updated January 22, 2026

·

Source: REBNY #RLS11016290

Listing Facts

  • TypeCo-op
  • NeighborhoodChelsea
  • Bathrooms1
  • Days on Prevu470
  • HOA/Maint. Fees$1,734/month

Amenities

  • Dishwasher
  • Pets Allowed
  • Concierge

Location

Mortgage Calculator

Listing History

01/22/2026
Price Decreased
$589,000
10/26/2025
Status changed to Active
$649,000
10/25/2025
Status changed to Removed from Feed
$649,000
01/17/2025
Status changed to Active
$649,000
01/16/2025
Status changed to Removed from Feed
$649,000
10/17/2024
Listed by Real New York
$649,000

Estimated Closing Costs

Total
$9,500
Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $589,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 405 West 23rd Street 16I

Association

Amenities

  • Pets Allowed: Building Yes, Yes
  • Concierge: Doorman Full Time

Fees

  • Association Fee: $1,734.00 Monthly
  • Association Fee Includes: Water

Financial

  • Flip Tax: 2.0%
  • Flip Tax Remarks: 2%

Exterior

Construction

  • Year Built: 1930
  • Architectural Style: Prewar
  • Building Name: LONDON TERRACE

Features

  • Building Features: Elevator(s), Storage

Financial

Taxes

  • Parcel Number: 0721-1062-00405-000-000016I

Interior

Features

  • Appliances: Dishwasher
  • Flooring: Hardwood
  • Interior Features: Storage

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 1

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Chelsea
  • Tax Block: 00721
  • Tax Lot: 7501

Parking

Parking

  • Garage: Yes

Utilities

Equipment

  • Laundry Features: Common Area

Frequently Asked Questions

How many bedrooms and bathrooms does this co-op have?

There is bedrooms and 1 bathroom in this co-op at 405 West 23rd Street 16I.

Are pets allowed at 405 West 23rd Street?

Yes, 405 West 23rd Street allows pets.

How does 405 West 23rd Street 16I compare to other co-ops in Chelsea?

This co-op is listed 54% below the average price for co-ops in Chelsea and has been on the market for 306 more days than the typical home in this area.

What building or home owners association is the co-op part of?

This co-op is in the London Terrace building.

405 West 23rd Street 16I is a -bedroom, 1-bath co-op for sale in New York NY 10011. Available on Prevu for 470 days at $589,000. This includes a recent price decrease of $60,000. This home is located in Chelsea. The median listing price for co-ops in this area is $2,295,000. The home offers dishwasher, pets allowed, and doorman. Browse more co-op listings in Manhattan.

Based on information from Real Estate Board of New York and/or other sources. This 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.