---
title: "405 West 23rd Street #16I, New York City, NY 10011"
description: "405 West 23rd Street #16I, New York City, NY 10011 — Chelsea, New York City, NY. Last Sold Price $579,000. Sold on 7/14/2026. Studio bed, 1 bath"
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-i-16I-ny-10011"
source: "Real Estate Rebate Team"
status: "Closed"
---

# 405 West 23rd Street #16I, New York City, NY 10011

Chelsea, New York City, NY

Courtesy of Real New York

## At a Glance

- **Last Sold Price**: $579,000
- **Status**: Sold on 7/14/2026
- **Beds**: Studio
- **Baths**: 1
- **Common Charges**: $1,734 / mo
- **Brokerage Fee**: Share Eligible

This listing was successfully closed and is no longer active on the market.

[Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

## Photos (1)

![405 West 23rd Street #16I, New York City, NY 10011 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/411e7945-010c-4ff5-86b5-7bcd393b4055.jpg)

## Property Overview

New on Market Welcome Home to this bright Alcove Studio on a High Floor in the Iconic London Terrace

Reach out for a virtual tour or in person tour!

This rarely available 16th-floor south-facing alcove studio offers an ideal blend of natural light, space, and thoughtful design. With the flexible layout, it can easily function as a junior one-bedroom. The alcove area, comfortably fits a Queen-size bed and can also be customized into a hidden closet space. The expansive living and dining area provides plenty of room to relax or entertain.

London Terrace Co-op Living: Historic Elegance with Modern Conveniences
Enjoy the charm of this iconic 1930s full-service co-op, with pieds--terre, co-purchasing, and subletting allowed (1 year terms). A 2% flip tax applies and there is access to the famous London Terrace pool with steam rooms and saunas (fee applies).

Amenities Include:
Full time lobby
State-of-the-art gym (for a nominal fee)
Basement bike room and central laundry
Landscaped roof garden with breathtaking Hudson River views
The monthly maintenance includes heat, hot water, & sewer. Wifi services available in the building include Verizon and Spectrum.

London Terrace allows 80% financing and supports co-purchasing and gifting. Sub-leasing is permitted after two years of ownership. Pets are allowed with board approval.

Location, Location, Location!
Set within four iconic buildings occupying the block from 23rd to 24th Streets and 9th to 10th Avenues, youll be close to:

The High Line
Chelseas art galleries and vibrant restaurants
Hudson River Park, with dog runs and Chelsea Piers
Chelsea Market and premier shopping options
This exceptional apartment offers the perfect combination of historic charm and modern comfort, right in the heart of one of Manhattans most desirable neighborhoods. Dont miss the chance to make it yours!

Note: Virtually staged

## Property Details

- **Property Type**: Co-op
- **Baths**: 1
- **Rooms**: 1
- **Stories**: 19
- **Year Built**: 1930
- **Common Charges**: $1,734 / Monthly
- **Listed On**: Oct 17, 2024
- **Days on Market**: 696 Days

### Residence Features

- Building Inside
- Common Area
- Building Storage
- Private Outdoor Space Under 60 Sqft
- Storage
- Storage
- Dishwasher
- Hardwood

## Sales Evidence

### Recent closed sales

38 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 |

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 $575,000, based on 11 sales between October 2021 and June 2026. This home is asking $589,000, $14,000 above that median. The middle half of those sales closed between $553,625 and $647,500.

- **Median closed price**: $575,000
- **Middle half**: $553,625 – $647,500
- **Based on**: 11 studio sales at London Terrace
- **Period**: October 2021 – June 2026
- **Median $/ft²**: $1,170/ft²

Across the 10 of these sales with a published asking price, the median closed at 99.1% of what it originally asked. 60% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 99.1% of the original ask
- **Closed below ask**: 60% of 10 sales
- **Listed → in contract**: 21 days (about 3 weeks)
- **In contract → closed**: 95 days (about 14 weeks)

Across the 10 of these sales with a published asking price, the median closed at 99.1% of what it originally asked. 60% of them closed below the original ask.

Half of these homes were in contract within 21 days (about 3 weeks) of coming to market, based on the 7 with a recorded listing date.

Once a deal was agreed, closing took a further 95 days (about 14 weeks), based on the 7 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 11 studio sales at London Terrace, October 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 | $542,500 | 19 |

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 16I

Review the recorded listing activity for 405 West 23rd Street, Unit 16I, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $60,000, or 9.2%, on January 22, 2026
- **Originally listed**: October 17, 2024 at $649,000
- **Last sold**: $579,000 on July 14, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| July 14, 2026 | $579,000 | Sold |
| March 20, 2026 | $589,000 | Entered contract |
| January 22, 2026 | $589,000 | Asking price reduced by $60,000, or 9.2% |
| October 17, 2024 | $649,000 | Listed for sale by Real New York |

## About The Building

### London Terrace

Chelsea · Stock Cooperative

465 West 23rd Street, New York, NY 10011

A building in Chelsea, currently featuring 22 active listings.

- **Year Built**: 1932
- **Total Units**: 22
- **Floors**: 19

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

### Available Residences — For Sale (22)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [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 | 695 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 | 2,045 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 | 535 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 | 490 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 | 480 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 | 452 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 | 371 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 | 248 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 | 192 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 | 158 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 | 143 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 | 125 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 | 117 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 | 99 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 | 81 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 | 80 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 | 68 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 | 58 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 | 38 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 | 25 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 | 25 days |
| [12B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-12b-ny-10011) | Studio | 1 | — | — | $745,000 | Corcoran Group | Sep 8, 2026 | 4 days |

## Estimated Monthly Payment

**$4,712 / month**, assuming a 20% down payment ($117,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $2,978
- **Common Charges**: $1,734

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.