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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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10011
  6. 240 West 23RD Street #PHC
Property thumbnail
1 / 22
Stock Cooperative•Chelsea

240 West 23RD Street #PHC, New York City, NY 10011

Listing Courtesy of Berkshire Hathaway HomeServices New York Properties

$2,250,000

Potential Rebate: $33,750

Stock Cooperative
2 Beds
2 Baths
5 Rooms
1,700 sqft
Built 1920
7 Stories
1,324/ft²
Listed on Sep 2, 2025
115 days on market
Book a Tour

Overview

<p> <strong>WISH YOU COULD LIVE NEXT DOOR TO THE HISTORIC AND ICONIC HOTEL CHELSEA? </strong>Here's your chance:</p> <p> The first thing you notice is the light. Southern exposure floods the home, filling every corner and making it feel like summer year-round. With two entrances, three private outdoor spaces, deeded storage, and a fully renovated interior facing the quiet of 22nd Street, all that's left is for you to move in. Let's take a tour:</p> <p> <strong>Floor 1</strong></p> <p> <strong> </strong>This level begins with the chef's kitchen and an adjacent dining area that seats up to eight. High-end stainless steel appliances, a wine fridge, and a built-in pet feeding station with its own faucet are all included. At the far end of the space are two rooms, each with its own balcony and sleeping loft. A full bathroom with heated floors and a washer and dryer hidden in the linen closet complete this floor.</p> <p>Optional layout: Prefer an oversized bedroom with double balconies? The two rooms can easily be combined. See Alternative Floor Plan 1.</p> <p> <strong>Floor 2</strong></p> <p> <strong> </strong>The second-level entrance drops you into the heart of the home. This family room is larger than most studio apartments in Manhattan. It has hosted themed dinners that spilled onto the terrace, game nights, book clubs, and more. Its size makes it easy to imagine an extra bedroom AND a home office here if desired.&nbsp;See Alternative Floor Plan 2.</p> <p> <strong>The Terrace</strong></p> <p> <strong> </strong>Slide open the doors to your massive outdoor terrace. Here, you can soak up the sun, do morning yoga, grow fruits and vegetables, and let kids and pets wear themselves out. Blue jays, robins, and mourning doves make regular appearances in the summer; snow collects in the winter for your own personal snowman.&nbsp;Fun fact: The current owners held their wedding here, because when your terrace feels like a private garden with open city views, why wouldn't you?</p> <p> <strong>Floor 3</strong></p> <p> <strong> </strong>At the very top sits your grand suite: a king-sized bedroom with two walk-in closets, an en-suite bathroom, and views of Chelsea framed by three oversized windows. You end the day here, tucked above the city.</p> <p> <strong>More Thoughtful Details</strong></p> <p> <strong> </strong>- White oak floors with soundproofing under every plank.</p> <p> - Fireproofing throughout the walls</p> <p> - LED recessed lighting on every floor</p> <p>This isn't a compromise, this isn't "close enough," this is the home that delivers everything you thought you couldn't have for under $2.5M.</p> <p> <strong>The Building</strong></p> <p> <strong> </strong>The Arcadia, a C.P.H. Gilbert design from 1899. Just 21 residences. A key-locked elevator, app-based video intercom, a full-time super, laundry, storage (including bikes) and a common roof deck.</p> <p> <strong>The Neighborhood</strong></p> <p> <strong> </strong>Chelsea is all around you: the historic Hotel Chelsea next door, restaurants, galleries, fitness centers, grocery stores like Whole Foods and Trader Joe's, and subway lines (C, E, 1, F, M) all within a block. You'll feel plugged into the city without giving up your peace and quiet.</p> <p>Buyer's Capital Contribution: Two months" maintenance into the reserve fund.</p>

Home Features

  • •In Unit
  • •Balcony
  • •Private Outdoor Space Under 60 Sqft
  • •Washer Dryer Allowed
  • •City
  • •River

Estimated Monthly Payment

$15,634 per month

30 year fixed, 6.28% Interest

Principal and Interest
$11,118
Property Taxes
$0
Maintenance/Common Charges
$4,516

Estimated Rebate for this Home

One-time rebate at closing

$33,750

Monthly savings impact

$94/mo

💡 Estimated at 1.5% of purchase price

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).

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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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.

The Real Estate Rebate Team

Listing Courtesy of Berkshire Hathaway HomeServices New York Properties

Data Source: TRESTLE #RLS20045354

REBNY Logo

Price Analysis

Compare average listing prices and value metrics for The Arcadia against the surrounding Chelsea market.

Based on 1 active units in building vs 171 in area

Average List Price

Building$2.3M
Neighborhood$4.5M

Price Per SqFt

Building Avg$1,324/ft²
Neighborhood Avg$2,041/ft²
Value Opportunity

35.15% Lower

than the Chelsea price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Chelsea

Art Galleries & High Line Living

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Chelsea is a cultural powerhouse. Known for its hundreds of art galleries, the High Line, and beautiful brownstone streets.

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Real Estate & Housing Market

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A mix of historic townhouses, pre-war co-ops, and ultra-luxury condos near the High Line. Very expensive.

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Lifestyle & Community

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Vibrant and diverse. The LGBTQ+ community has a strong historic presence. Chelsea Market draws foodies.

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Transportation & Accessibility

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C/E, 1, and F/M trains serve the area. Penn Station is at the northern border.

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Parks, Schools & Amenities

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The High Line is the crown jewel. Chelsea Piers offers massive sports facilities.

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Who This Neighborhood Is Best For

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Best for art lovers, active lifestyle enthusiasts, and those wanting a mix of historic and modern.

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