$14,950,000
Updated 9 years ago
Off Market

London Terrace Towers

470 West 24th Street, PH-AB

Chelsea, Manhattan | Ninth Ave & Tenth Ave

8 Rooms5 Beds4.5 BathsCo-op

$14,950,000
Maintenance$13,060

Listing Features

  • Dressing Area
  • French Doors
  • Full Floor
  • Galley Kitchen
  • High Ceilings [10']
  • Penthouse/Top Flr
  • Security System
  • Casement Windows
  • Oversized Windows
  • Adjoining Pantry
  • Center Island
  • Dishwasher
  • Eat-in Kitchen
  • Gourmet Kitchen
  • Open Kitchen
  • Windowed Kitchen
  • Wine Cooler
  • Double Vanity
  • En Suite Bathroom
  • Marble Bathroom
  • Powder Room
  • Soaking Tub

Outdoor space and views

  • Wrap Terrace
  • City Views
  • Skyline Views
  • East Exposure
  • North Exposure
  • South Exposure
  • West Exposure

Building Amenities

  • Full-Time Doorman
  • Bike Storage
  • Elevator
  • Garage
  • Garden
  • Health Club
  • Laundry Room
  • Pool
  • Renovated Lobby
  • Roof Deck
  • Sauna
  • Steam Room

Policies

  • Pets Allowed

Property Description for 470 West 24th Street, PH-AB

For the first time in the history of this iconic downtown cooperative, a unique and incredibly rare opportunity to combine a beautiful and mint condition prewar penthouse with the neighboring apartment to create one of Manhattan's finest full floor penthouses, with nearly 5,000SF of interior and 2,200SF+/- of outdoor space, high atop London Terrace’s northwest tower. Perfectly located in prime West Chelsea and graced with wrap terraces and panoramic 360-degree views from all principle rooms, this spectacular offering includes the building’s entire penthouse level, with masterfully-designed and fully approved plans by West Chin Architects.

Entering Penthouse A, a dramatic, sun-filled interior welcomes you with over 10' ceilings and wide plank chevron-patterned white oak floors. An inviting entrance gallery, adorned with lacquered walls, leads directly to a perfectly proportioned and spectacular living room, surrounded by huge steel casement windows and French doors that access the stunning terraces. Extraordinary light and views pour in through south, east and west exposures. The sleek and refined chef's kitchen features a large eat-in dining area with another wood-burning fireplace, casement doors to the terrace, views to the High Line and Hudson River to the west, a center island, beautiful custom cabinetry, quartz counters, and high-end appliances. Off the kitchen is a large pantry, as well as a laundry room, both windowed with views over the terraces. The master suite is an ideal, peaceful sanctuary with oversized proportions, six closets, huge windows, and a spa-like ensuite bathroom, featuring soaking tub, separate shower, double sink vanity, marble floors, and luxurious fixtures. Two additional bedroom suites with northern exposures also have private baths and ample closets. All have direct access to the large terrace that spans the entire north side of the apartment. Other features include a five zone central air system, full wiring for A/V installation throughout, a security system, and a Lutron controlled lighting system.

Fully approved plans to combine Penthouse A with Penthouse B propose the creation of a unified full-floor living space with over 10' ceilings and a combination of terraces, light, and views rarely found in a prewar building downtown. The buyer can begin work almost immediately and can complete the combination to one's own personal aesthetic, choosing all finishes and decorative details and adjusting the plans if needed. The perfect living room, eat-in kitchen and flexible dining room in the larger penthouse would remain, with only minor changes, while the existing master suite would nearly double in size to include massive twin dressing rooms, and a new sun-flooded north-facing master bathroom, with unparalleled Empire State Building and skyline views, and direct access to the wrap terraces. Up to three additional guest bedrooms with southern exposures can be created, or two plus a phenomenal family or media room with a fireplace. The beautifully proportioned formal dining room, perfect for grand entertaining, is also functional as a fifth bedroom suite. The full floor layout would produce a commanding penthouse that is truly a rare offering in the downtown market – a marriage of modern luxury living with the best aspects of a dignified prewar building.

London Terrace Towers, the preeminent pre-war doorman cooperative in Chelsea, was completed in 1932 and designed by Farrar & Watmaugh. It is composed of the four corner buildings occupying both Ninth and Tenth Avenues between West 23rd and West 24th Streets in the heart of West Chelsea. Shareholders enjoy an impressive array of building amenities, including full-time doorman, a heated indoor pool, private health club, steam rooms, saunas, bike rooms, laundry facilities, and basement storage. The prime Chelsea location facing the High Line is in close proximity to Chelsea Piers, Hudson River Park, the new Whitney Museum, many of the world’s finest contemporary art galleries, and some of Manhattan’s best restaurants and shops.

Listing History for 470 West 24th Street, PH-AB

Now
07/31/2017
POM by Joshua Wesoky
Compass
01/12/2017
$14,950,000 [-$1,550,000] [9.4%]
Price Drop by Joshua Wesoky
Compass

Building Details for 470 West 24th Street

OwnershipCo-op
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePre-War
AccessElevator
Year Built1930
Financing Allowed80%
Floors/Apts18/165
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.28 miles
23 St
0.46 miles
14 St
0.48 miles
28 St
0.5 miles

Citi Bike

W 22 St & 10 Ave
0.11 miles
W 25 St & 9 Ave
0.12 miles

Contact Agent

Contact Agent

Chelsea | Manhattan

Quick Profile

The row houses portray the world-class architecture of Greek Revival, Italianate and Georgian styles. The population is both ethnically and socially diverse, which is reflected in the restaurants and retail businesses in the neighborhood. 

Western Chelsea is the center of the NYC art world, where you will find more than 200 art galleries housed in rehabbed factories and warehouses, as well as in newly-constructed buildings.

While people of many different cultures call Chelsea home, it has been a mecca over the years for people in the LGBTQ community. One census reported that as many as 22% of its residents were gay couples. Eighth Avenue is a trendy area for LGBTQ-oriented dining and shopping. Although it no longer draws the LGBTQ population that it once did, Chelsea still has many popular alternative bars.  

Chelsea is primarily residential, consisting of a mixture of diverse complexes, low-rise apartment blocks, tenements, townhouses, renovated row houses, and luxury high-rises. 

Chelsea is an interesting and sought-after place to live, with unique clothing boutiques, restaurants, and delis representing cultures from around the world. In addition to its quirky establishments, Chelsea has fine dining restaurants and a vibrant, hip nightlife, which adds to its allure.

Chelsea is well-served by public transportation. At least six city bus routes traverse Chelsea. There are three NYC subway routes with stops on Seventh Avenue, three on Eighth Avenue, and two more on Sixth Avenue. The 34th Street - Hudson Yards Station opened in 2015 with its main entrance in Chelsea.  

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1545309