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405 West 23rd Street 5INew York, NY 10011

For Sale

$528,000

Smart Buyer Rebate - Ask

Pre-war NYC elegance, quietude, and space in a prime Chelsea location - all without compromise at 405 West 23rd Street.

We are proud to present for sale Residence 5I, a turn-key gracious alcove studio currently used as a studio with a home office, located at London Terrace Towers, the premier full-service, white-glove pre-war cooperative in West Chelsea. A coveted line for discerning buyers of the building due to it's grand proportions and virtually soundproof location, the new owner can enjoy the space as-is or utilize the office as a sleeping alcove. The home is freshly painted and features brand new casement windows throughout.

As you open your door, the charm unfolds as you meet your proper foyer with a pendant chandelier, leading to a generous walk-in closet/dressing room that is custom outfitted with mahogany shelving that provides organization, plentiful storage, and neatly displays your wardrobe. Adjacent is your subway-tiled bathroom with charming and original built-in fixtures - two medicine cabinets, hamper, hooks, porcelain sink, and re-glazed tub - all in pristine condition for your enjoyment.

The living space is wide and comfortable, and can accommodate multiple zones of living - sitting, sleeping, and dining, if you wish. The expansiveness extends vertically with beamed, 9 foot ceilings. The office nook is framed by original steel borders which can be opened to incorporate a formal sleeping alcove. The home's casement windows are north-facing, receiving continuous, gentle illumination throughout the day. With through-wall airconditioning, also brand new, your windows are unobstructed. The windowed kitchen is a delight to cook-in that features spacious white cabinetry with underhead lighting countertop space, stainless steel fridge and backsplash, a 24-inch Bosch range as well as a full-sized Bosch dishwasher. Last but not least, original and solid hardwood floors (no squeaking!) ground the space.

London Terrace Towers is a white-glove, prewar cooperative located in the heart of Manhattan's Chelsea neighborhood on West 23rd and West 24th Streets. The architectural firm Farrar & Watmough designed the magnificent Greek Revival structure which opened in 1930. Its classical details and impressive scale have made it one of the most recognizable and highly sought after buildings in the city. Residents enjoy the finest amenities, including a 24-hr doorman, live-in super, Olympic-sized heated swimming pool, state-of-the art fitness center with sauna and steam room, lush private gardens, and landscaped roof deck. The building also offers a laundry room, bicycle storage, and a parking garage. London Terrace is pet-friendly (dogs allowed!), allows subletting after 2 years of ownership, pied-à-terre, co-purchasing, gifting, and trust purchases! The 23rd Street subway station (C,E) is located just a block away as well multiple cross-town bus lines.

The surrounding neighborhood of London Terrace Towers is the pinnacle of Downtown Manhattan luxury living and entertainment - at your fingertips are The Highline Park, Hudson River Park,The Whitney Museum, Chelsea Market, The Meatpacking District, world-class shopping, five-star restaurants, bars, nightlife, as well Whole Foods.

Reserve your private tour of 405 West 23rd Street, 5I today.

Listed by Simon Wong

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Corcoran Group

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(917) 306-3786

Last updated October 28, 2026

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Source: REBNY #RLS20117117

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCo-op
  • NeighborhoodChelsea
  • Bathrooms1
  • Days on Prevu37
  • HOA/Maint. Fees$1,693/month

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Concierge

Location

Mortgage Calculator

Listing History

10/28/2026
Price Decreased
$528,000
09/24/2026
Listed by Corcoran Group
$558,000
  1. 10/28/2026$528,000
    Price Decreased
  2. 09/24/2026$558,000
    Listed by Corcoran Group

Estimated Closing Costs

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

Estimated closing costs are based on the list price of $528,000 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 5I

Association

Amenities

  • Community Features: Sauna
  • Pets Allowed: Building Yes, No
  • Concierge: Doorman Full Time

Fees

  • Association Fee: $1,693.00 Monthly

Financial

  • Flip Tax: 2.0%
  • Flip Tax Remarks: Paid By Seller

Exterior

Construction

  • Number Of Units Total: 1
  • Stories Total: 21
  • Structure Type: High Rise
  • Year Built: 1929
  • Building Name: London Terrace
  • Entry Level: 19

Features

  • Building Features: Storage

Financial

Taxes

  • Parcel Number: 0721-1062-00405-000-000005I

Interior

Features

  • Appliances: Dishwasher
  • Interior Features: Dining Area, High Ceilings
  • Spa Features: Sauna

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 5

Other

Location

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

Parking

Parking

  • Garage: Yes

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 5I.

How does 405 West 23rd Street 5I compare to other co-ops in Chelsea?

This co-op is listed 63% below the average price for co-ops in Chelsea and has been on the market for 74 less 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 5I is a -bedroom, 1-bath co-op for sale in New York NY 10011. Listed on Prevu for 37 days at $528,000. This includes a recent price decrease of $30,000. This home is located in Chelsea. The median listing price for co-ops in this area is $1,750,000. Property amenities include private outdoor space, dishwasher, and doorman. Explore more co-op listings in Manhattan.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the 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. 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.