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London Terrace Towers

405 West 23rd Street, 5-I

Chelsea, Manhattan | Ninth Ave & Tenth Ave

Alcove Studio 1 BathCo-op

$558,000
Maintenance$1,693

Listing Features

  • Beamed Ceilings
  • Dressing Area
  • Entry Foyer
  • Home Office
  • Walk-in Closet
  • Casement Windows
  • Dishwasher
  • Windowed Kitchen

Outdoor space and 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-I

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.

Listing History for 405 West 23rd Street, 5-I

Now
09/24/2026
$558,000
Initial Price by Simon Wong
Corcoran
Launch

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
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.32 miles
23 St
0.49 miles
14 St
0.49 miles

Citi Bike

W 25 St & 9 Ave
0.16 miles
W 20 St & 10 Ave
0.17 miles

Contact Agent

Contact Agent

1 Open House

Sunday, September 27, 2026
12:00 PM - 1:00 PM
View this property on the company's website

Building Availability

APPSF
Median
Average
$1,355
$599,000
$634,000
-
$990,000
$990,000
Last 12 months
$1,294
-
-
-
$4,950
$4,950
Last 12 months
$118
-
-

AlcoveStudio in Chelsea

APPSF
Median
Average
$1,235
$625,000
$637,105
$1,472
$597,500
$669,875

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.  

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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: 2204388