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
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Real New York
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(917) 273-9400
Listed by Johnson Tsai
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Real New York
Last updated January 22, 2026
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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.
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.