405 West 23rd Street #16I, New York City, NY 10011
Listing Courtesy of Real New York
$649,000
Potential Rebate: $9,735
Overview
New on Market Welcome Home to this bright Alcove Studio on a High Floor in the Iconic London Terrace<br><br>Reach out for a virtual tour or in person tour!<br><br>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.<br><br>London Terrace Co-op Living: Historic Elegance with Modern Conveniences<br>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).<br><br>Amenities Include:<br>Full time lobby<br>State-of-the-art gym (for a nominal fee)<br>Basement bike room and central laundry<br>Landscaped roof garden with breathtaking Hudson River views<br>The monthly maintenance includes heat, hot water, & sewer. Wifi services available in the building include Verizon and Spectrum.<br><br>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.<br><br>Location, Location, Location!<br>Set within four iconic buildings occupying the block from 23rd to 24th Streets and 9th to 10th Avenues, youll be close to:<br><br>The High Line<br>Chelseas art galleries and vibrant restaurants<br>Hudson River Park, with dog runs and Chelsea Piers<br>Chelsea Market and premier shopping options<br>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!<br><br>Note: Virtually staged<br><br><br><br><br><br>
Home Features
- •Building Inside
- •Common Area
- •Building Storage
- •Private Outdoor Space Under 60 Sqft
- •Storage
- •Storage
- •Dishwasher
- •Hardwood
Estimated Monthly Payment
$4,941 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$9,735
Monthly savings impact
$27/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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Listings
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 Real New York
Data Source: TRESTLE #RLS11016290
Price Analysis
Compare average listing prices and value metrics for LONDON TERRACE against the surrounding Chelsea market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
69.29% Lower
than the Chelsea price 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
\nChelsea is a cultural powerhouse. Known for its hundreds of art galleries, the High Line, and beautiful brownstone streets.
\nReal Estate & Housing Market
\nA mix of historic townhouses, pre-war co-ops, and ultra-luxury condos near the High Line. Very expensive.
\nLifestyle & Community
\nVibrant and diverse. The LGBTQ+ community has a strong historic presence. Chelsea Market draws foodies.
\nTransportation & Accessibility
\nC/E, 1, and F/M trains serve the area. Penn Station is at the northern border.
\nParks, Schools & Amenities
\nThe High Line is the crown jewel. Chelsea Piers offers massive sports facilities.
\nWho This Neighborhood Is Best For
\nBest for art lovers, active lifestyle enthusiasts, and those wanting a mix of historic and modern.
