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405 West 23rd Street 5LNew York, NY 10011

For Sale

$565,000

Smart Buyer Rebate $1,625

Welcome to Residence 5L at 405 West 23rd Street-where prewar pedigree meets modern-day West Chelsea living, right at the corner of 9th Avenue in the iconic London Terrace Towers Co-op. THE BEST VALUE IN CHELSEA-yes, really! If you've been waiting for the right moment to claim an oversized alcove studio, this might just be it. Tucked at the end of a short hallway, this home offers something rare in the city: genuine privacy and a sense of calm. From the moment you enter, the details do the talking-beautifully restored steel entry door, original frames, classic radiator covers, and deep window sills to name a few. Built to last (as all great things should be), the apartment showcases 9'+/- beamed ceilings, concrete + plaster walls, and solid oak plank flooring. A Friedrich 12,500 BTU through-wall AC unit keeps things perfectly cool when the city heats up. Northern exposures-also known as "artists light"-pour in through three oversized casement windows, framing tranquil views of lush, ivy-draped walls and the interior garden. The main living space (nearly 14' feet wide) is both generous and functional, featuring custom floor-to-ceiling built-ins-perfect for storage, display, or finally organizing that book collection you swear you'll reread. The windowed galley kitchen pairs charm with practicality: stone countertops, quality appliances, and original steel-and-glass cabinetry (circa 1930) that feels equal parts vintage and timeless. And the bathroom? Pure prewar character. Think classic black-and-white mosaic floors, subway-tiled walls, and a deep cast-iron soaking tub that invites you to unwind properly. Whether you're searching for a intimate pied-à-terre or your very first West Chelsea home, Residence 5L is ready for its next chapter-yours. If Gotham had a Chelsea address, this might be it. Building amenities (because lifestyle matters): - 24-hour attended lobby - Half Olympic-size indoor pool, steam rooms & saunas - Landscaped roof deck with sweeping skyline, Hudson River, and New Jersey views - Private fitness center managed by Urban Playground (separate charge) - Pets welcome - Unlimited subleasing after two years London Terrace Towers boasts their own onsite Management office, Live-in Superintendent,+ bike rooms & storage lockers for lease. You can Google the building's #1 Resident Broker and London Terrace Towers specialist for a VIP tour.

Listed by Bruce W Solomon

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Douglas Elliman Real Estate

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(917) 763-3472

Last updated June 10, 2026

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Source: REBNY #RLS20088475

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCo-op
  • NeighborhoodChelsea
  • Bathrooms1
  • Days on Prevu44
  • HOA/Maint. Fees$1,770/month
  • Size550 sqft
  • Price per sqft$1,027

Amenities

  • Private Outdoor Space
  • Concierge

Location

Mortgage Calculator

Listing History

06/10/2026
Price Decreased
$565,000
05/03/2026
Listed by Douglas Elliman Real Estate
$585,000

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 $565,000 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 5L

Association

Amenities

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

Fees

  • Association Fee: $1,770.00 Monthly

Financial

  • Flip Tax: 2.0%
  • Flip Tax Remarks: BOTH PAYS 1% Buyer/S 1% Seller/S

Exterior

Construction

  • Stories Total: 21
  • Structure Type: High Rise
  • Year Built: 1929
  • Building Name: London Terrace
  • Entry Level: 5

Interior

Features

  • Appliances: Washer Dryer Allowed
  • Interior Features: Dining Area, High Ceilings
  • Spa Features: Sauna

Measurements

  • Living Area: 550
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 4

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 5L.

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

This co-op is listed 56% below the average price for co-ops in Chelsea and has been on the market for 120 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.

What is the square footage on this co-op?

According to the MLS, this listing is 550 sqft.

405 West 23rd Street 5L is a -bedroom, 1-bath co-op for sale in New York NY 10011. Available on Prevu for 44 days at $565,000. This includes a recent price decrease of $20,000. This property features 550 square feet of living space, located in Chelsea. The median listing price for co-ops in this area is $2,295,000. Property amenities include private outdoor space and doorman. View other 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.