Updated 6 days ago
Off Market
Alcove Studio 1 Bath550 Square FeetCo-op
$565,000
Maintenance$1,770
Price Per SF
$1,027
Listing Features
- Abundant Closets
- Beamed Ceilings
- Custom Closets
- High Ceilings [9.9']
- Original Details
- Separate Dining Area
- Casement Windows
- New Windows
- Convection Oven
- Dishwasher
- Galley
- Open Kitchen
- Windowed Kitchen
- Soaking Tub
Outdoor space and views
- Courtyard
- Garden Views
- North Exposure
Building Amenities
- Full-Time Doorman
- Bike Storage
- Elevator
- Garage
- Garden
- Health Club
- Laundry Room
- Pool
- Roof Deck
- Sauna
- Steam Room
- Storage
Policies
- Pets Allowed
- Pieds A Terre Ok
Property Description for 405 West 23rd Street, 5-L
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.
Listing History for 405 West 23rd Street, 5-L
Now
08/16/2026
TOM by Bruce Wayne Solomon
Douglas Elliman
06/10/2026
$565,000 [-$20,000] [3.4%]
Price Drop by Bruce Wayne Solomon
Douglas Elliman
Building Details for 405 West 23rd Street
OwnershipCo-op
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePre-War
AccessElevator
Year Built1930
Financing Allowed80%
Floors/Apts19/170
Transit and Citi Bike
Subway
23 St
0.32 miles
23 St
0.49 miles
14 St
0.49 miles
Citi Bike
W 22 St & 10 Ave
0.08 miles
W 26 St & 10 Ave
0.13 miles
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: 866845
Find home. Discover happiness.