---
title: "405 West 23RD Street #5L, New York, NY 10011"
description: "405 West 23RD Street #5L, New York, NY 10011 — NYC real estate listing on Real Estate Rebate Team. Priced at $565,000. Est. potential buyer savings up to $14,125 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-l-5L-ny-10011"
source: "Real Estate Rebate Team"
---

# 405 West 23RD Street #5L, New York, NY 10011

> **Listing Courtesy of:** Douglas Elliman Real Estate

## Description

Welcome to Residence 5L at 405 West 23rd Street-where prewar pedigree meets modern-day West Chelsea living, right at the corner of 9th Avenue in the iconic London Terrace Towers Co-op.
  THE BEST VALUE IN CHELSEA-yes, really!
  If you've been waiting for the right moment to claim an oversized alcove studio, this might just be it. Tucked at the end of a short hallway, this home offers something rare in the city: genuine privacy and a sense of calm.
  From the moment you enter, the details do the talking-beautifully restored steel entry door, original frames, classic radiator covers, and deep window sills to name a few. 
  Built to last (as all great things should be), the apartment showcases 9'+/- beamed ceilings, concrete + plaster walls, and solid oak plank flooring. A Friedrich 12,500 BTU through-wall AC unit keeps things perfectly cool when the city heats up.
  Northern exposures-also known as "artists light"-pour in through three oversized casement windows, framing tranquil views of lush, ivy-draped walls and the interior garden. 
  The main living space (nearly 14' feet wide) is both generous and functional, featuring custom floor-to-ceiling built-ins-perfect for storage, display, or finally organizing that book collection you swear you'll reread.
  The windowed galley kitchen pairs charm with practicality: stone countertops, quality appliances, and original steel-and-glass cabinetry (circa 1930) that feels equal parts vintage and timeless. 
  And the bathroom? Pure prewar character. Think classic black-and-white mosaic floors, subway-tiled walls, and a deep cast-iron soaking tub that invites you to unwind properly.
  Whether you're searching for a intimate pied-à-terre or your very first West Chelsea home, Residence 5L is ready for its next chapter-yours. If Gotham had a Chelsea address, this might be it.
  Building amenities (because lifestyle matters):
  - 24-hour attended lobby
  - Half Olympic-size indoor pool, steam rooms & saunas
  - Landscaped roof deck with sweeping skyline, Hudson River, and New Jersey views
  - Private fitness center managed by Urban Playground (separate charge)
  - Pets welcome
  - Unlimited subleasing after two years
  London Terrace Towers boasts their own onsite Management office, Live-in Superintendent,+ bike rooms & storage lockers for lease. 
  You can Google the building's #1 Resident Broker and London Terrace Towers specialist for a VIP tour.

## Property Details

- **Price**: $565,000
- **Potential Buyer Rebate**: $14,125
- **Bedrooms**: 0
- **Bathrooms**: 1
- **Living Area**: 550 sqft
- **Property Type**: Residential
- **Year Built**: 1929
- **Building**: London Terrace
- **Neighbourhood**: Chelsea
- **Area / Borough**: Manhattan
- **Subdivision**: Chelsea
- **Listing Office**: Douglas Elliman Real Estate
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$14,125** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/london-terrace)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/chelsea)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.