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  • Price cut: $20K (6/10)
    $565,000

    405 W 23rd St APT 5L, New York, NY 10011

    0beds
    530sqft
    Loading
    Coop
    Built in 1932
    -- sqft lot
    $-- Zestimate®
    $1,066/sqft
    $1,772/mo HOA

    What's special

    Custom floor-to-ceiling built-insHalf olympic-size indoor poolOriginal framesDeep cast-iron soaking tubOversized alcove studioDeep window sillsThree oversized casement windows
    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 WEST 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 perfect 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.
    83 days
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    178
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    3
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    Zillow last checked:

    Listing updated:

    Listed by:

    Douglas Elliman 917-763-3472,

    Bruce-Wayne Solomon

    Source: StreetEasy,MLS#: S1824963

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 0
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Bike Room
      Appliances
      • Included: Dishwasher
      • Laundry: Inside
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 530
      • Total interior livable area: 530 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Accessibility
      • Accessibility features: Wheelchair Access
      Features
      • Patio & porch: Other
      • Exterior features: Garden
      • Pool features: Swimming Pool
      • Has view: Yes
      • View description: Garden
      Details
      • Parcel number: 0072110625L02
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: Cooperative
      • Property subtype: Coop
      Condition
      • Year built: 1932

      Community & HOA

      Community
      • Features: Doorman, Full Time Doorman
      • Security: Doorman, Full-Time Doorman
      • Subdivision: West Chelsea
      HOA
      • Has HOA: Yes
      • Amenities included: Laundry, Roof Deck, Fitness Center, Elevator(s)
      • Services included: Maintenance
      • HOA fee: $1,772 monthly
      Location
      • Region: New York

      Financial & listing details

      • Price per square foot: $1,066/sqft
      • Tax assessed value: $93,182,953
      • Annual tax amount: $4,010,385
      • Date on market: 5/3/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,501/mo

        Price history

        DateEventPrice
        7/17/2026Listing removed$4,750$9/sqft
        Source: Zillow Rentals Report a problem
        7/8/2026Listed for rent$4,750+23.4%$9/sqft
        Source: Zillow Rentals Report a problem
        6/10/2026Price change$565,000-3.4%$1,066/sqft
        Source: StreetEasy #S1824963 Report a problem
        5/3/2026Listed for sale$585,000$1,104/sqft
        Source: StreetEasy #S1824963 Report a problem
        5/30/2024Listing removed--
        Source: Zillow Rentals Report a problem
        5/28/2024Listed for rent$3,850+8.5%$7/sqft
        Source: Zillow Rentals Report a problem
        5/3/2023Listing removed--
        Source: Zillow Rentals Report a problem
        4/11/2023Listed for rent$3,550$7/sqft
        Source: Zillow Rentals Report a problem
        9/14/2021Listing removed--
        Source: Douglas Elliman Report a problem
        8/24/2021Price change$585,000+3.5%$1,104/sqft
        Source: Douglas Elliman #20757241 Report a problem
        5/20/2021Price change$565,000-3.4%$1,066/sqft
        Source: StreetEasy #20757241 Report a problem
        4/1/2021Price change$585,000+1.7%$1,104/sqft
        Source: StreetEasy #20757241 Report a problem
        3/29/2021Listed for sale$575,000$1,085/sqft
        Source: Douglas Elliman #20757241 Report a problem
        7/22/2015Sold$575,000-26.3%$1,085/sqft
        Source: StreetEasy #S1151504 Report a problem
        1/12/2012Sold$780,000$1,472/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2019$4,010,385 -7%$41,932,328 +7.6%
        2018$4,310,780 $38,959,392 -2%
        2017-- $39,739,564
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Chelsea

        Getting around

        98 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        96 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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