---
title: "405 West 23rd Street #12B, New York City, NY 10011"
description: "405 West 23rd Street #12B, New York City, NY 10011 — Chelsea, New York City, NY. Listing Price $745,000. Studio bed, 1 bath Illustrative Buyer Commission Share of $11,175 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-12b-ny-10011"
source: "Real Estate Rebate Team"
dateModified: "2026-09-08T20:28:31.844Z"
status: "Active"
---

# 405 West 23rd Street #12B, New York City, NY 10011

Chelsea, New York City, NY

Courtesy of Corcoran Group

Last updated: September 8, 2026, 4:28 PM

## At a Glance

- **Listing Price**: $745,000
- **Beds**: Studio
- **Baths**: 1
- **Common Charges**: $2,073 / 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**: $745,000
- **Illustrative Buyer Commission Share**: -$11,175*
- **Illustrative Net Cost**: $733,825

*Illustrative Buyer Savings of $11,175 — 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 (7)

![405 West 23rd Street #12B, New York City, NY 10011 — photo 1 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3fafaf51-c9d9-41c3-8314-9a4c30934e7e.jpg)
![405 West 23rd Street #12B, New York City, NY 10011 — photo 2 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c0ac0f12-c23a-4f93-88ea-c996d111b741.jpg)
![405 West 23rd Street #12B, New York City, NY 10011 — photo 3 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bdd27b70-243e-4075-86b8-d60884724a55.jpg)
![405 West 23rd Street #12B, New York City, NY 10011 — photo 4 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c41d3c52-9543-4cef-af09-04afc81b3a7c.jpg)
![405 West 23rd Street #12B, New York City, NY 10011 — photo 5 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a8fce0ca-201e-460d-b429-45bd24759ade.jpg)
![405 West 23rd Street #12B, New York City, NY 10011 — photo 6 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fca49ada-f6c3-4903-b46e-88bdb3a1b923.jpg)
![405 West 23rd Street #12B, New York City, NY 10011 — photo 7 of 7](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb977b1f-c5fd-4e92-b96c-6e1653e63897.jpg)

## Property Overview

Rare high floor oversized corner studio with 7 windows at London Terrace Towers; 405 West 23rd Street in Chelsea. This loft-like apartment enjoys great light via East and North windows including windows in the bathroom and kitchen. An inviting entrance foyer welcomes you and features a large storage closet. The main living area unfolds into a large open space with multiple layouts possible. A custom office nook has been created with built-in desk, drawers, and shelving. Comfort is maintained via a thru wall unit. The kitchen has been opened to the living area and features full sized stainless appliances including GE gas stove and Bosch dishwasher. Stone countertops, tile backsplash and bar height island produce an inviting space to prepare meals and entertain guests. A large walk in custom closet leads to the windowed updated black and white tiled bathroom.
Ownership at London Terrace inculdes use of the iconic half olympic sized pool, steam, sauna, and locker rooms. A full sized gym is also available for an additional fee. One of the best roof decks in the city is also yours to use for relaxing, reading, and catching the amazing views of the city. London Terrace allows Pied-à-Terres, gifting, guarantors, co-purchasing and subletting after 2 years of ownership with board approval. There is a 2% flip tax (buyer and seller each pay 1%) and up to 80% financing is permitted. Your maintenance includes heat, gas, and hot water. Pets are also welcomed. Schedule today to see this rare apartment and all that London Terrace has to offer!

## Property Details

- **Property Type**: Co-op
- **Baths**: 1
- **Rooms**: 2
- **Stories**: 19
- **Year Built**: 1929
- **Common Charges**: $2,073 / Monthly
- **Listed On**: Sep 8, 2026
- **Days on Market**: 1 Days

### Residence Features

- Building In Basement
- Building Roof Deck
- City

### Building Amenities

- Sauna

## Sales Evidence

### Recent closed sales

40 apartments at London Terrace have recorded sales since September 2021, the most recent for $540,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [2G](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/465-west-23rd-street-g-2G-ny-10011) (Apartment) | Studio | — | $540,000 | — | August 14, 2026 | MLS |
| [19A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-a-19A-ny-10011) (Apartment) | 2 | — | $2,500,000 | — | July 17, 2026 | MLS |
| 9J (Apartment) | Studio | — | $1,180,000 | — | June 16, 2026 | City record |
| 19D (Apartment) | — | — | $3,308,692 | — | May 27, 2026 | City record |
| 3F (Apartment) | — | — | $495,376 | — | May 15, 2026 | City record |
| 4G (Apartment) | 1 | — | $584,500 | — | May 14, 2026 | City record |
| 3C (Apartment) | 1 | 875 | $945,000 | $1,080/ft² | March 23, 2026 | City record · MLS |
| 10M (Apartment) | 1 | 950 | $900,000 | $947/ft² | September 3, 2025 | City record · MLS |
| RCU1 (Apartment) | Studio | 500 | $550,000 | $1,100/ft² | July 21, 2025 | City record · MLS |
| 3B (Apartment) | 1 | 875 | $1,075,000 | $1,229/ft² | June 23, 2025 | City record · MLS |
| 5CLOFT (Apartment) | Studio | — | $505,000 | — | May 8, 2025 | MLS |
| RCU1 (Apartment) | 1 | 900 | $1,080,000 | $1,200/ft² | April 29, 2025 | City record · MLS |
| 2B (Apartment) | Studio | 625 | $557,250 | $892/ft² | April 16, 2025 | City record · MLS |
| 9A (Apartment) | — | — | $1,075,000 | — | April 10, 2025 | City record |
| 15B (Apartment) | 1 | 882 | $1,250,000 | $1,417/ft² | February 24, 2025 | City record · MLS |
| 17B (Apartment) | 1 | 900 | $2,235,000 | $2,483/ft² | December 5, 2024 | City record · MLS |
| 9BC (Apartment) | 2 | 1,100 | $1,400,000 | $1,273/ft² | December 5, 2024 | City record · MLS |
| 14A (Apartment) | — | — | $1,445,000 | — | October 18, 2024 | City record |
| RCU1 (Apartment) | — | — | $954,754 | — | August 1, 2024 | City record |
| 4F (Apartment) | Studio | 475 | $620,000 | $1,305/ft² | March 5, 2024 | City record · MLS |
| 5DE (Apartment) | 1 | — | $925,000 | — | December 5, 2023 | City record · MLS |
| 14J (Apartment) | 1 | 525 | $595,000 | $1,133/ft² | April 6, 2023 | City record · MLS |
| 5H (Apartment) | Studio | 500 | $675,000 | $1,350/ft² | January 23, 2023 | City record · MLS |
| 10FIJ (Apartment) | 2 | 1,700 | $2,195,000 | $1,291/ft² | December 20, 2022 | MLS |
| 5F (Apartment) | Studio | 500 | $675,000 | $1,350/ft² | December 12, 2022 | City record · MLS |
| 6-JK (Apartment) | 1 | 1,056 | $1,280,000 | $1,212/ft² | November 9, 2022 | City record · MLS |
| 17C (Apartment) | — | — | $1,106,859 | — | September 15, 2022 | City record |
| 16A (Apartment) | 1 | 875 | $1,375,000 | $1,571/ft² | August 26, 2022 | City record · MLS |
| RCU1 (Apartment) | 2 | — | $1,600,000 | — | June 10, 2022 | City record · MLS |
| 10E (Apartment) | Studio | 430 | $500,000 | $1,163/ft² | May 25, 2022 | City record · MLS |
| 4D (Apartment) | Studio | 500 | $585,000 | $1,170/ft² | May 24, 2022 | City record · MLS |
| 4F (Apartment) | Studio | 450 | $572,500 | $1,272/ft² | May 4, 2022 | City record · MLS |
| 14A (Apartment) | — | — | $1,199,535 | — | March 24, 2022 | City record |
| 17A (Apartment) | 2 | — | $3,850,000 | — | March 14, 2022 | City record · MLS |
| 10E (Apartment) | Studio | — | $575,000 | — | March 9, 2022 | City record · MLS |
| 6-B (Apartment) | 1 | 900 | $1,275,000 | $1,417/ft² | November 15, 2021 | City record · MLS |
| 16G (Apartment) | — | — | $597,000 | — | October 21, 2021 | City record |
| 2E (Apartment) | Studio | 400 | $425,000 | $1,063/ft² | October 8, 2021 | City record · MLS |
| 11J (Apartment) | Studio | 525 | $565,000 | $1,076/ft² | September 9, 2021 | City record · MLS |
| 2D (Apartment) | Studio | 400 | $400,000 | $1,000/ft² | September 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 London Terrace is $572,500, based on 13 sales between September 2021 and June 2026. This home is asking $745,000, $172,500 above that median. The middle half of those sales closed between $550,000 and $620,000.

- **Median closed price**: $572,500
- **Middle half**: $550,000 – $620,000
- **Based on**: 13 studio sales at London Terrace
- **Period**: September 2021 – June 2026
- **Median $/ft²**: $1,163/ft²

Across the 12 of these sales with a published asking price, the median closed at 98.4% of what it originally asked. 67% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 98.4% of the original ask
- **Closed below ask**: 67% of 12 sales
- **Listed → in contract**: 32 days (about 5 weeks)
- **In contract → closed**: 94 days (about 13 weeks)

Across the 12 of these sales with a published asking price, the median closed at 98.4% of what it originally asked. 67% of them closed below the original ask.

Half of these homes were in contract within 32 days (about 5 weeks) of coming to market, based on the 8 with a recorded listing date.

Once a deal was agreed, closing took a further 94 days (about 13 weeks), based on the 8 with both dates recorded. A co-op board package and its interview account for much of that.

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 13 studio sales at London Terrace, September 2021 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median sold price for co-op studio sales in Chelsea, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth.

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2016 | $600,000 | 11 |
| 2017 | $566,000 | 36 |
| 2018 | $535,000 | 19 |
| 2019 | $495,000 | 27 |
| 2020 | $537,500 | 19 |
| 2021 | $520,000 | 43 |
| 2022 | $540,000 | 52 |
| 2023 | $537,144 | 23 |
| 2024 | $565,000 | 32 |
| 2025 | $570,000 | 35 |
| 2026 | $532,500 | 18 |

This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Chelsea instead.

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 London Terrace](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/london-terrace)

## Price and Property History for 405 West 23RD Street, Unit 12B

Review the recorded listing activity for 405 West 23RD Street, Unit 12B, including asking-price changes and prior market dates.

- **Last sold (recorded)**: $1,300,000 on March 29, 2021

| Date | Price | Listing event |
| --- | --- | --- |
| March 29, 2021 | $1,300,000 | Sold — recorded sale price |
| June 22, 2020 | $1,475,000 | Listed for sale by Brown Harris Stevens Residential Sales LLC |
| August 14, 2013 | $1,925,000 | Sold — recorded sale price |
| March 30, 2013 | $1,995,000 | Asking price increased by $70,000, or 3.6% |
| February 6, 2013 | $2,150,000 | Listed for sale by The Corcoran Group |

## About The Building

### London Terrace

Chelsea · Stock Cooperative

465 West 23rd Street, New York, NY 10011

A building in Chelsea, currently featuring 23 active listings.

- **Year Built**: 1930
- **Total Units**: 23
- **Floors**: 19

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

### Available Residences — For Sale (23)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [12B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-12b-ny-10011) | Studio | 1 | — | — | $745,000 | Corcoran Group | Sep 8, 2026 | 1 days |
| [16F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-f-16F-ny-10011) | Studio | 1 | — | — | $795,000 | Elliman | Feb 5, 2021 | 2,042 days |
| [16I](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-i-16I-ny-10011) | Studio | 1 | — | — | $589,000 (-9.2%) | Real New York | Oct 17, 2024 | 692 days |
| [14JK](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-jk-14JK-ny-10011) | 1 | 2 | — | — | $1,380,000 (-6.4%) — In contract | Douglas Elliman Real Estate | Mar 26, 2025 | 532 days |
| [15B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-b-15B-ny-10011) | Studio | 1 | 525 sqft | $1,457 | $765,000 — In contract | Douglas Elliman Real Estate | May 10, 2025 | 487 days |
| [14ABC](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-abc-14ABC-ny-10011) | 3 | 3 | — | — | $1,980,000 — In contract | Douglas Elliman Real Estate | May 20, 2025 | 477 days |
| [19B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/470-west-24th-street-b-19B-ny-10011) | 2 | 2 | — | — | $2,500,000 — In contract | Douglas Elliman Real Estate | Jun 17, 2025 | 449 days |
| [4G](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/465-west-23rd-street-g-4G-ny-10011) | 1 | 1 | 850 sqft | $700 | $595,000 (-4.8%) — In contract | Douglas Elliman Real Estate | Sep 6, 2025 | 368 days |
| [19C](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10011/470-west-24th-street-c-19C-ny-10011) | Studio | 1 | — | — | $695,000 — In contract | Douglas Elliman Real Estate | Jan 7, 2026 | 245 days |
| [15J](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/470-west-24th-street-j-15J-ny-10011) | 1 | 1 | — | — | $1,095,000 (-4.7%) — In contract | Corcoran Group | Mar 4, 2026 | 189 days |
| [15C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-15c-ny-10011) | Studio | 1 | 450 sqft | $1,189 | $535,000 | Douglas Elliman Real Estate | Apr 7, 2026 | 155 days |
| [19BCE](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-bce-19BCE-ny-10011) | 4 | 4 | 2,720 sqft | $2,022 | $5,500,000 (-8.3%) | Douglas Elliman Real Estate | Apr 22, 2026 | 140 days |
| [14H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/465-west-23rd-street-h-14H-ny-10011) | Studio | 1 | — | — | $599,000 (-2.6%) | Corcoran Group | May 6, 2026 | 126 days |
| [4H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/465-west-23rd-street-h-4H-ny-10011) | Studio | 1 | 495 sqft | $1,202 | $595,000 (-0.8%) — In contract | Douglas Elliman Real Estate | May 10, 2026 | 122 days |
| [9F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/470-west-24th-street-f-9F-ny-10011) | Studio | 1 | — | — | $475,000 (-5.0%) | Douglas Elliman Real Estate | May 18, 2026 | 114 days |
| [12D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/465-west-23rd-street-12d-ny-10011) | Studio | 1 | 500 sqft | $1,390 | $695,000 (-12.6%) | Brown Harris Stevens Residential Sales LLC | Jun 5, 2026 | 96 days |
| [11GHK](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-ghk-11GHK-ny-10011) | 3 | 3 | 1,750 sqft | $1,343 | $2,350,000 — In contract | Brown Harris Stevens Residential Sales LLC | Jun 23, 2026 | 78 days |
| [17D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/470-west-24th-street-d-17D-ny-10011) | 1 | 1 | 850 sqft | $1,876 | $1,595,000 — In contract | Corcoran Group | Jun 24, 2026 | 77 days |
| [PHA](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-pha-ny-10011) | 2 | 4 | — | — | $7,995,000 | Douglas Elliman Real Estate | Jul 6, 2026 | 65 days |
| [10F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-10f-ny-10011) | Studio | 1 | — | — | $615,000 | Corcoran Group | Jul 16, 2026 | 55 days |
| [16J](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-16j-ny-10011) | 1 | 1 | — | — | $995,000 — In contract | Douglas Elliman Real Estate | Aug 5, 2026 | 35 days |
| [4E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-4e-ny-10011) | Studio | 1 | 450 sqft | $944 | $425,000 | Douglas Elliman Real Estate | Aug 18, 2026 | 22 days |
| [7M](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/410-west-24th-street-7m-ny-10011) | 1 | 1 | — | — | $850,000 | Douglas Elliman Real Estate | Aug 18, 2026 | 22 days |

## Estimated Monthly Payment

**$5,840 / month**, assuming a 20% down payment ($149,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,767
- **Common Charges**: $2,073

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

- [London Terrace — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/london-terrace)
- [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.