---
title: "170 West 23rd Street #5M, New York City, NY 10011"
description: "170 West 23rd Street #5M, New York City, NY 10011 — Chelsea, New York City, NY. Listing Price $700,000. Price Reduced: Reduced $35,000 (4.8%) from $735,000 on July 8, 2026. 1 bed, 1 bath Illustrative Buyer Commission Share of $10,500 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-m-5M-ny-10011"
source: "Real Estate Rebate Team"
dateModified: "2026-10-09T16:17:42.468Z"
status: "Active"
---

# 170 West 23rd Street #5M, New York City, NY 10011

Chelsea, New York City, NY

Courtesy of Sothebys International Realty

Last updated: October 9, 2026, 12:17 PM

## At a Glance

- **Listing Price**: $700,000
- **Price Reduced**: Reduced $35,000 (4.8%) from $735,000 on July 8, 2026
- **Beds**: 1
- **Baths**: 1
- **Common Charges**: $1,065 / mo
- **Monthly Taxes**: $1,191 / mo
- **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**: $700,000
- **Illustrative Buyer Commission Share**: -$10,500*
- **Illustrative Net Cost**: $689,500

*Illustrative Buyer Savings of $10,500 — 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 (8)

![170 West 23rd Street #5M, New York City, NY 10011 — photo 1 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8e72b397-4421-419b-9e4c-165432e23cbb.jpg)
![170 West 23rd Street #5M, New York City, NY 10011 — photo 2 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3b2f39ac-97af-46b6-882e-85f0bb3ef74b.jpg)
![170 West 23rd Street #5M, New York City, NY 10011 — photo 3 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/07b82351-53f8-4731-8331-2d4c3dc4b860.jpg)
![170 West 23rd Street #5M, New York City, NY 10011 — photo 4 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a7ad294a-7bb3-48cb-9947-795115306fd1.jpg)
![170 West 23rd Street #5M, New York City, NY 10011 — photo 5 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b95945cf-e7ed-4fc2-b78d-2d7f38fe937b.jpg)
![170 West 23rd Street #5M, New York City, NY 10011 — photo 6 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b858fc64-88b8-4f51-834c-a67a691879f1.jpg)
![170 West 23rd Street #5M, New York City, NY 10011 — photo 7 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cee59546-62da-477b-a4eb-32c34034d68e.jpg)
![170 West 23rd Street #5M, New York City, NY 10011 — photo 8 of 8](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d70660bf-dad4-4899-a19f-52a5460a7f7a.jpg)

## Property Overview

Why buy a co-op when you can own a Chelsea condo at this price?

Residence 5M at 170 West 23rd Street offers one of the most compelling values for a true one-bedroom condominium in Chelsea. Asking just $700,000, this bright, move-in-ready home combines the flexibility of condo ownership, private outdoor space, open city views, and a prime location in the heart of one of Manhattan’s most desirable neighborhoods.

The thoughtfully designed layout is filled with natural light from multiple windows, while the private balcony creates a rare extension of the living space and a place to enjoy the surrounding cityscape.

For an end user, this is an opportunity to own in an exceptionally convenient Chelsea location surrounded by restaurants, shopping, galleries, parks, and transportation. For an investor, condominium ownership provides added flexibility in a neighborhood with consistently strong rental demand.

The Chelsea 7th Condominium is a full-service building with a 24-hour doorman, live-in superintendent, on-site laundry, bike storage, and an attached garage. The building is also wired for FIOS and permits guarantors and corporate purchasers.

Located moments from Trader Joe’s, Whole Foods, the High Line, Madison Square Park, the 1, F/M, C/E and PATH trains, Residence 5M offers an increasingly rare combination: a true one-bedroom Chelsea condo, private outdoor space, and an asking price of just $700,000.

Monthly assessment: $36.82

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Stories**: 6
- **Year Built**: 1973
- **Common Charges**: $1,065.31 / Monthly
- **Monthly Taxes**: $1,191 / mo
- **Listed On**: Sep 23, 2026
- **Days on Market**: 31 Days

### Residence Features

- Wall Unit(s)
- Wall Furnace
- Common On Floor
- Common Area
- Garage
- Balcony
- Private Outdoor Space Under 60 Sqft
- Dishwasher
- Hardwood
- City
- Skyline

### Building Amenities

- Garage

## Estimated Monthly Payment

**$5,796 / month**, assuming a 20% down payment ($140,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,540
- **Property Taxes**: $1,191
- **Common Charges**: $1,065

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

30 apartments at Chelsea Seventh have recorded sales since October 2021, the most recent for $585,000 in October 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [6Y](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-y-6Y-ny-10011) (Apartment) | Studio | — | $585,000 | — | October 7, 2026 | MLS |
| [5R](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-r-5R-ny-10011) (Apartment) | Studio | 432 | $580,000 | $1,343/ft² | September 19, 2026 | MLS |
| 5E (Apartment) | 1 | 585 | $876,000 | $1,497/ft² | September 2, 2026 | City record |
| 6N (Apartment) | 1 | 900 | $810,000 | $900/ft² | June 22, 2026 | MLS |
| 2J (Apartment) | Studio | 475 | $569,000 | $1,198/ft² | April 24, 2026 | City record · MLS |
| 5N (Apartment) | 1 | 685 | $970,000 | $1,416/ft² | March 16, 2026 | City record · MLS |
| 5X (Apartment) | Studio | 440 | $573,000 | $1,302/ft² | December 3, 2025 | City record · MLS |
| 5E (Apartment) | 1 | 585 | $400,000 | $684/ft² | September 5, 2025 | City record |
| 2A (Apartment) | 1 | 600 | $1,100,000 | $1,833/ft² | August 22, 2025 | City record |
| 5T (Apartment) | Studio | 438 | $589,000 | $1,345/ft² | July 31, 2025 | City record · MLS |
| 3G (Apartment) | 1 | 576 | $752,000 | $1,306/ft² | June 17, 2025 | City record · MLS |
| 4U (Apartment) | 1 | 725 | $875,000 | $1,207/ft² | March 7, 2025 | City record · MLS |
| 2T (Apartment) | Studio | — | $615,000 | — | September 30, 2024 | City record · MLS |
| 3D (Apartment) | 1 | 600 | $710,000 | $1,183/ft² | June 7, 2024 | City record · MLS |
| 4M (Apartment) | 1 | 590 | $815,000 | $1,381/ft² | December 15, 2023 | City record · MLS |
| 5Z (Apartment) | Studio | 583 | $715,000 | $1,226/ft² | October 27, 2023 | City record · MLS |
| 4N (Apartment) | 1 | 649 | $950,000 | $1,464/ft² | July 6, 2023 | City record · MLS |
| 2U (Apartment) | 1 | 750 | $902,500 | $1,203/ft² | May 19, 2023 | City record · MLS |
| 5Z (Apartment) | Studio | — | $735,000 | — | January 27, 2023 | City record · MLS |
| 6C (Apartment) | — | 576 | $860,000 | $1,493/ft² | November 2, 2022 | City record |
| 2T (Apartment) | Studio | — | $700,000 | — | September 28, 2022 | City record · MLS |
| 4-B (Apartment) | 1 | 600 | $850,000 | $1,417/ft² | August 5, 2022 | City record · MLS |
| 3-S (Apartment) | Studio | 450 | $722,000 | $1,604/ft² | June 23, 2022 | City record · MLS |
| 2A (Apartment) | 1 | 600 | $1,135,000 | $1,892/ft² | June 15, 2022 | City record |
| 2L (Apartment) | 1 | 590 | $785,000 | $1,331/ft² | June 15, 2022 | City record · MLS |
| 3M (Apartment) | 1 | — | $790,000 | — | March 18, 2022 | City record · MLS |
| 4-A (Apartment) | 1 | 600 | $812,000 | $1,353/ft² | March 8, 2022 | City record · MLS |
| 2-N (Apartment) | 1 | 685 | $860,000 | $1,255/ft² | February 11, 2022 | City record · MLS |
| 6Z (Apartment) | 1 | 586 | $775,000 | $1,323/ft² | December 29, 2021 | City record · MLS |
| 5UV (Apartment) | 3 | — | $1,999,000 | — | December 9, 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.

### How this price compares

- **This home**: $700,000
- **Median sold price**: $850,000
- **Difference**: -$150,000 (-17.6%)
- **Median $/ft²**: $1,342
- **Comparable sales**: 17
- **Sales from**: December 2021 – September 2026
- **Middle half of those sales**: $785,000 – $902,500

Based on one-bedroom sales at Chelsea Seventh.

### How these sales were negotiated

- **Sale-to-list price**: 97.7% (10 sales)
- **Sold below asking**: 90% (10 sales)
- **Typical time to find a buyer**: 97 days (11 sales)
- **Typical time to close**: 68 days (11 sales)

Based on one-bedroom sales at Chelsea Seventh with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median price per square foot, sales at Chelsea Seventh

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,461/ft² | 6 |
| 2019 | $1,311/ft² | 5 |
| 2020 | $1,206/ft² | 4 (thin) |
| 2022 | $1,417/ft² | 9 |
| 2023 | $1,304/ft² | 5 |
| 2025 | $1,304/ft² | 6 |
| 2026 YTD | $1,416/ft² | 3 (thin) |

Based on recorded sales at Chelsea Seventh. 2026 is year-to-date.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through October 2026.

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 Chelsea Seventh](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-seventh)

## Price and Property History for 170 West 23rd Street, Unit 5M

Review the recorded listing activity for 170 West 23rd Street, Unit 5M, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $35,000, or 4.8%, on July 8, 2026
- **Originally listed**: December 31, 2025 at $800,000
- **Current asking price**: $700,000

| Date | Price | Listing event |
| --- | --- | --- |
| September 23, 2026 | $700,000 | Returned to the market |
| August 20, 2026 | $700,000 | Listing removed from the market |
| July 8, 2026 | $700,000 | Asking price reduced by $35,000, or 4.8% |
| December 31, 2025 | $800,000 | Listed for sale by Sothebys International Realty |

## Property Tax History

Taxes at 170 West 23rd Street #5M were $14,314 in 2026, up 3.0% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $133,395 | $10,975 | $122,420 | $114,515 | $14,314 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $113,882 | $10,975 | $102,907 | $111,217 | $13,902 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $108,490 | $10,975 | $97,515 | $108,490 | $13,561 | 12.5% |
| 2023 (FY 2023/24) | $132,444 | $10,975 | $121,469 | $114,687 | $14,338 | 12.502% |
| 2022 (FY 2022/23) | $129,955 | $10,975 | $118,980 | $112,465 | $13,796 | 12.267% |
| 2021 (FY 2021/22) | $116,901 | $10,975 | $105,926 | $105,797 | $12,944 | 12.235% |
| 2020 (FY 2020/21) | $130,289 | $10,975 | $119,314 | $105,902 | $12,991 | 12.267% |
| 2019 (FY 2019/20) | $131,256 | $10,975 | $120,281 | $108,508 | $13,534 | 12.473% |
| 2018 (FY 2018/19) | $131,788 | $10,975 | $120,813 | $99,062 | $12,494 | 12.612% |
| 2017 (FY 2017/18) | $118,789 | $10,975 | $107,814 | $92,578 | $11,775 | 12.719% |
| 2016 (FY 2016/17) | $108,777 | $10,975 | $97,802 | $85,848 | $11,068 | 12.892% |
| 2015 (FY 2015/16) | $117,306 | $10,975 | $106,331 | $83,779 | $10,793 | 12.883% |
| 2014 (FY 2014/15) | $102,983 | $10,975 | $92,008 | $75,587 | $9,717 | 12.855% |
| 2013 (FY 2013/14) | $96,609 | $10,975 | $85,634 | $69,760 | $9,170 | 13.145% |
| 2012 (FY 2012/13) | $92,060 | $10,975 | $81,085 | $69,196 | $9,121 | 13.181% |
| 2011 (FY 2011/12) | $90,469 | $10,975 | $79,494 | $61,115 | $8,210 | 13.433% |
| 2010 (FY 2010/11) | $73,962 | $10,975 | $62,987 | $56,844 | $7,590 | 13.353% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 1007981095. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### Chelsea Seventh

Chelsea · Condominium

170 West 23rd Street, New York, NY 10011

A building in Chelsea, currently featuring 1 active listing.

- **Year Built**: 1973
- **Active Units**: 1
- **Floors**: 6

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-seventh)

### Available Residences — For Sale (1)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5M](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-m-5M-ny-10011) | 1 | 1 | — | — | $700,000 (-4.8%) | Sothebys International Realty | Sep 23, 2026 | 30 days |

### Recently Sold (2)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5R](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-r-5R-ny-10011) | Studio | 1 | 432 sqft | $1,343 | $580,000 | Compass | Apr 12, 2026 | Sep 19, 2026 |
| [6Y](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-y-6Y-ny-10011) | Studio | 1 | — | — | $585,000 | Douglas Elliman Real Estate | Jun 19, 2026 | Oct 7, 2026 |

## 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

- [Chelsea Seventh — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-seventh)
- [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.