--- title: "131 West 24th Street #5/6, New York City, NY 10011" description: "131 West 24th Street #5/6, New York City, NY 10011 — Chelsea, New York City, NY. Listing Price $4,250,000. 5 bed, 3 bath, 4,200 sqft Illustrative Buyer Commission Share of $63,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/131-west-24th-street-56-ny-10011" source: "Real Estate Rebate Team" dateModified: "2026-10-17T15:13:40.446Z" status: "Active" --- # 131 West 24th Street #5/6, New York City, NY 10011 Chelsea, New York City, NY Courtesy of Compass Last updated: October 17, 2026, 11:13 AM ## At a Glance - **Listing Price**: $4,250,000 - **Beds**: 5 - **Baths**: 3 - **Sqft**: 4,200 - **Common Charges**: $4,236 / mo - **Price per Sqft**: $1,012 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $4,250,000 - **Illustrative Buyer Commission Share**: -$63,750* - **Illustrative Net Cost**: $4,186,250 *Illustrative Buyer Savings of $63,750 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/587d4a4d-b3f6-48bb-a7f9-afbdf1b9f96d.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/afe28240-5a63-4959-93f7-7c15a368bf43.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/078d9bd4-0051-4746-a4fd-92e33ae609c8.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fa60ddb5-1e04-4f5f-bfed-d8d2a9fe7075.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb49cf5a-8934-4259-b99a-8e3fea982bdc.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/88d34609-95f2-4310-9671-5a8f9db33a50.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fecf7fa3-a043-4fdc-b23e-7990aa384d9a.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03c346fc-4059-484e-b29e-b545f6202471.jpg) ![131 West 24th Street #5/6, New York City, NY 10011 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bd70e13e-070d-4c20-89c7-4a18d71c538a.jpg) ## Property Overview A piece of New York City history. This sprawling loft was once the home and dance studio of the late renowned choreographer Louis Falco of the 1980 motion picture 'Fame', and a legendary after-party destination for Studio 54. The 4,200 sq. ft. loft is spread over 2 full floors. Five bedrooms (with plenty of room for more), 3 full bathrooms (with plumbing in place for a 4th), and 3 separate living/entertaining spaces. This one-of-a-kind space is a true blank canvas, with no structural walls. The new owner can enjoy the current layout as it is, or completely customize the layout to suit their vision. (See only 1 of endless options for an alternate floor plan on the listing). The heart of this home is the breathtaking central living area that extends into a secondary den. The ceilings soar to over 18 feet at the core of the loft with 4 large windows. Currently the space is enjoyed as a home theater with an expansive retractable projection screen, but is also ideal for creative gatherings or studio use. The keyed elevator opens directly onto both floors. On the top floor, the doors open to the grand, south-facing kitchen, flooded with natural light, and a spacious dining and family room area—perfect for entertaining. Also included here is an in unit washer/dryer. On the opposite end of this level, across a cat-walk, is a beautifully appointed library, two queen-sized guest bedrooms, and a full bathroom. The existing kitchen pantry is ready to be transformed into another full bath, or proper laundry room. On the lower level, the elevator opens to the south facing primary suite which includes a serene, spa-like bathroom, walk-in closet, and a home gym/yoga studio. There is also a 3rd guest bedroom with full bathroom, a den, and a sizable office/5th bedroom. Situated in the heart of Chelsea, this home is surrounded by neighborhood favorites including Whole Foods, Fairway, Traders Joes, and Eataly. Also conveniently located near 10 subway lines and many iconic landmarks, including Madison Square Park, the Flatiron Building, the historic Chelsea Hotel, and the High Line. Whether you envision a grand loft home, a creative studio, or a hybrid work from home space, this architectural masterpiece offers limitless possibilities. The intimate five unit co-op has a video intercom security system, storage closet that transfers with the unit, and a bike room. The co-op also owns the ground floor commercial space which contributes to its financial stability and low monthly maintenance for its shareholders. Pets and sublets are allowed on a case-by-case basis. This loft offers a potential total of approximately 4,800 square feet (2,400 per floor), including the 600-square-foot double-height living room. The current livable space is approximately 4,200 square feet. Some photos have been virtually staged for illustrative purposes. ## Property Details - **Property Type**: Co-op - **Beds**: 5 - **Baths**: 3 - **Rooms**: 11 - **Sqft**: 4,200 sqft - **Stories**: 7 - **Year Built**: 1901 - **Price per Sqft**: $1,012 - **Common Charges**: $4,236 / Monthly - **Listed On**: Oct 17, 2026 - **Days on Market**: 1 Days ### Residence Features - In Unit - See Remarks - Walk-In Closet(s) ## Estimated Monthly Payment **$25,726 / month**, assuming a 20% down payment ($850,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $21,490 - **Common Charges**: $4,236 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 2 apartments at 131 West 24th Street have recorded sales since October 2021, the most recent for $2,000,000 in March 2023. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 7 FL (Apartment) | 4 | 2,377 | $2,000,000 | $841/ft² | March 13, 2023 | City record · MLS | | 4 (Apartment) | 3 | — | $1,785,000 | — | October 19, 2021 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. Sales data through March 2023. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 131 West 24th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/131-west-24th-street) ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 6 apartments. The corporation’s 2026 property tax bill was $125,928 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 131 West 24th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/131-west-24th-street) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 131 West 24th Street Chelsea · Stock Cooperative 131 West 24th Street, New York, NY 10011 A building in Chelsea, currently featuring 1 active listing. - **Year Built**: 1901 - **Active Units**: 1 - **Floors**: 7 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/131-west-24th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5/6](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/131-west-24th-street-56-ny-10011) | 5 | 3 | 4,200 sqft | $1,012 | $4,250,000 | Compass | Oct 17, 2026 | 1 days | ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## Chelsea Art Galleries & High Line Living [Explore Chelsea](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Chelsea - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [West Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/west-village) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy) - [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) ## Related Links - [131 West 24th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/131-west-24th-street) - [Chelsea neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.