--- title: "170 West 23rd Street #5R, New York City, NY 10011" description: "170 West 23rd Street #5R, New York City, NY 10011 — Chelsea, New York City, NY. Listing Price $595,000. In contract 7/28/2026. Studio bed, 1 bath, 432 sqft Illustrative Buyer Commission Share of $8,925 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-r-5R-ny-10011" source: "Real Estate Rebate Team" status: "Pending" --- # 170 West 23rd Street #5R, New York City, NY 10011 Chelsea, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $595,000 - **Status**: In contract 7/28/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: Studio - **Baths**: 1 - **Sqft**: 432 - **Common Charges**: $804 / mo - **Monthly Taxes**: $717 / mo - **Price per Sqft**: $1,377 - **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**: $595,000 - **Illustrative Buyer Commission Share**: -$8,925* - **Illustrative Net Cost**: $586,075 *Illustrative Buyer Savings of $8,925 — 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 (10) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d846327a-f8aa-4627-b1fb-4c074cdaa352.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/660b8a29-9fc5-4bc1-9c29-e35629ccd796.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ca63ce16-9a66-43ba-9afd-8dda32e079df.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4d03486c-485c-4bc9-9e26-9e4dc4ba6842.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/19887cc8-4866-47c3-b9ef-3d31f26e2507.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6d80a84e-fa5d-442b-8948-531a1e03c36e.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b3346784-c8b6-4bfc-aabf-2072c9774e2f.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d8402739-c181-4331-9da3-06720fc508e3.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/66f3b193-5aaa-4e4c-b7ee-76d836bfd7ac.jpg) ![170 West 23rd Street #5R, New York City, NY 10011 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fd3c3b53-32dc-41b3-b7bd-bd42bf544ce0.jpg) ## Property Overview This stunning and spacious studio is now available for sale, welcome home to Residence #5R. This apartment is ideal as a pied-à-terre, first home, or investment. The condo residence offers a western exposure, open city views, renovated + updated flooring throughout, and a Juliet balcony. The open living area allows for clear separation between sleeping and living zones. A fully separate partially renovated kitchen of generous size supports everyday cooking with ample storage space and a windowed bathroom. The apartment lastly has two large closets provide excellent storage—an uncommon feature for a studio. You are immersed in a dynamic location Chelsea within Manhattan, so close to the West Village, Meatpacking District, High Line, Little Island, Chelsea Market, Hudson River Park, Madison Square Park, Flatiron Building, and the Whitney Museum. Grocery shopping is effortless with Whole Foods, Trader Joe’s, Eataly, and Union Square Greenmarket nearby. Located near countless workout studios including Life Time, Barry’s, Rumble, Peloton Studios, OrangeTheory, Crunch, The Row House, and THE PAC. Excellent transportation access via the 1, C/E, F/M, R/W subway lines, PATH train, buses, and Penn Station. Chelsea neighborhood continues to grow as a cultural center with new Michelin rated restaurants, markets and cafes including Jack's Wife Frida, Momoya, Sushi Seki, Westville, The Hotel Chelsea, LouLou are just a few of many incredible cafes and dining experiences to have. Chelsea Seventh Condominium is a full-service building with a 24-hour doorman, live-in resident manager, package room, bike and storage rooms, laundry facilities, and garage access. Wired for Fios and Spectrum. Corporations, guarantors, and pets welcome. Please note: the listing photos are virtually staged. ## Property Details - **Property Type**: Condominium - **Baths**: 1 - **Rooms**: 2 - **Sqft**: 432 sqft - **Stories**: 6 - **Year Built**: 1973 - **Price per Sqft**: $1,377 - **Common Charges**: $803.71 / Monthly - **Monthly Taxes**: $717 / mo - **Listed On**: Apr 12, 2026 - **Days on Market**: 153 Days ### Residence Features - Common On Floor - Common Area - Garage - Balcony - Private Outdoor Space Under 60 Sqft - His and Hers Closets - Dishwasher - Hardwood - City ### Building Amenities - Garage ## Sales Evidence ### Recent closed sales 27 apartments at Chelsea Seventh have recorded sales since September 2021, the most recent for $810,000 in June 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 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 | | 2L (Apartment) | 1 | 590 | $785,000 | $1,331/ft² | June 15, 2022 | City record · MLS | | 2A (Apartment) | 1 | 600 | $1,135,000 | $1,892/ft² | June 15, 2022 | City record | | 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 The median closed price for comparable studio sales at Chelsea Seventh is $657,500, based on 8 sales between June 2022 and April 2026. This home is asking $595,000, $62,500 below that median. The middle half of those sales closed between $585,000 and $716,750. - **Median closed price**: $657,500 - **Middle half**: $585,000 – $716,750 - **Based on**: 8 studio sales at Chelsea Seventh - **Period**: June 2022 – April 2026 - **Median $/ft²**: $1,302/ft² Across the 6 of these sales with a published asking price, the median closed at 97.5% of what it originally asked. 100% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 97.5% of the original ask - **Closed below ask**: 100% of 6 sales - **Listed → in contract**: 54 days (about 8 weeks) - **In contract → closed**: 50 days (about 7 weeks) Across the 6 of these sales with a published asking price, the median closed at 97.5% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 54 days (about 8 weeks) of coming to market, based on the 7 with a recorded listing date. Once a deal was agreed, closing took a further 50 days (about 7 weeks), based on the 7 with both dates recorded. 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. Based on 8 studio sales at Chelsea Seventh, June 2022 – April 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median price per square foot for sales at Chelsea Seventh, 2017 to 2025. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year. | 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 | 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. 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 5R Review the recorded listing activity for 170 West 23rd Street, Unit 5R, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $20,000, or 3.3%, on June 20, 2026 - **Originally listed**: April 4, 2026 at $615,000 - **Entered contract**: July 28, 2026 - **Last sold (recorded)**: $552,000 on October 10, 2013 | Date | Price | Listing event | | --- | --- | --- | | July 28, 2026 | $595,000 | Entered contract | | June 20, 2026 | $595,000 | Asking price reduced by $20,000, or 3.3% | | April 4, 2026 | $615,000 | Listed for sale by Compass | | October 10, 2013 | $552,000 | Sold — recorded sale price | | May 28, 2013 | $629,900 | Listed for sale by The Corcoran Group | | March 26, 2013 | $609,900 | Asking price increased by $57,900, or 10.5% | ## Property Tax History Taxes at 170 West 23rd Street #5R were $10,795 in 2026, up 3.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $100,601 | $8,282 | $92,319 | $86,363 | $10,795 | 12.5% (estimated) | | 2025 (FY 2025/26) | $85,886 | $8,282 | $77,604 | $83,875 | $10,484 | 12.5% (estimated) | | 2024 (FY 2024/25) | $81,820 | $8,282 | $73,538 | $81,820 | $10,228 | 12.5% | | 2023 (FY 2023/24) | $99,884 | $8,282 | $91,602 | $86,492 | $7,257 after $3,556 abatement | 12.502% | | 2022 (FY 2022/23) | $98,008 | $8,282 | $89,726 | $84,817 | $3,249 after $7,156 abatement | 12.267% | | 2021 (FY 2021/22) | $88,162 | $8,282 | $79,880 | $79,787 | $2,920 after $6,842 abatement | 12.235% | | 2020 (FY 2020/21) | $98,259 | $8,282 | $89,977 | $79,867 | $9,797 | 12.267% | | 2019 (FY 2019/20) | $98,988 | $8,282 | $90,706 | $81,832 | $10,207 | 12.473% | | 2018 (FY 2018/19) | $99,390 | $8,282 | $91,108 | $74,710 | $9,422 | 12.612% | | 2017 (FY 2017/18) | $89,587 | $8,282 | $81,305 | $69,819 | $8,880 | 12.719% | | 2016 (FY 2016/17) | $82,036 | $8,282 | $73,754 | $64,739 | $8,346 | 12.892% | | 2015 (FY 2015/16) | $88,468 | $8,282 | $80,186 | $63,178 | $8,139 | 12.883% | | 2014 (FY 2014/15) | $77,661 | $8,281 | $69,380 | $57,001 | $7,327 | 12.855% | | 2013 (FY 2013/14) | $72,855 | $8,282 | $64,573 | $52,609 | $6,915 | 13.145% | | 2012 (FY 2012/13) | $69,424 | $8,282 | $61,142 | $52,184 | $6,878 | 13.181% | | 2011 (FY 2011/12) | $68,225 | $8,282 | $59,943 | $46,092 | $6,192 | 13.433% | | 2010 (FY 2010/11) | $55,782 | $8,282 | $47,500 | $42,873 | $5,725 | 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. Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner. Figures are the New York City Department of Finance assessment roll for tax lot 1007981099. 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 2 active listings. - **Year Built**: 1974 - **Total Units**: 2 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/chelsea-seventh) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5R](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-r-5R-ny-10011) | Studio | 1 | 432 sqft | $1,377 | $595,000 (-3.3%) — In contract | Compass | Apr 12, 2026 | 153 days | | [6Y](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/170-west-23rd-street-y-6Y-ny-10011) | Studio | 1 | — | — | $595,000 — In contract | Douglas Elliman Real Estate | Jun 19, 2026 | 85 days | ## Estimated Monthly Payment **$4,529 / month**, assuming a 20% down payment ($119,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,009 - **Property Taxes**: $717 - **Common Charges**: $804 Estimates only. Actual payments may vary. Confirm terms with your lender. ## 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.