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$579,950
List Price: $585,000
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405 West 23rd Street #5L
Coop in West Chelsea •  building info
studio • 1ba • 550ft² $1,064 per ft²
Buy with Yoreevo

$579,950

List Price

$585,000

Key Details
Days on market
3
Last price change
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Estimated payment
$4,576/mo
Taxes
Included in maintenance fees
Maintenance
$1,770/mo
Description
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.

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Important Stuff
Elevator
Full Time Doorman
Cats and Dogs allowed
Policies
Gifts Allowed
Sublets Allowed
Gaurantor Permitted
Co-purchase Allowed
Parents Buying Allowed
Pied-a-Terre Allowed
Unit features
Storage Available
Building amenities
Services and facilities
Bike Room
Fios Available
Laundry in Building
Live In Super
Parking

Garage

Wellness and recreation
Gym
Swimming Pool
Building info

History
What it'll cost
Purchase price
$585,000
Asking Price: $585,000
Term
30 Years
Down Payment
$117,000 (20%)
Min: 20% (117,000)
Rate
6.0 %
Mortgage Amount
$468,000
Mortgage Payment
$2,806
Maintenance
$1,770
Estimated Yoreevo rebate
$5,050
Estimated closing cost
$7,000
Total monthly cost $4,576
Buy your dream home with us and get an estimated $5,050 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Douglas Elliman

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