---
title: "405 West 23rd Street #PHAB, New York, NY 10011"
description: "405 West 23rd Street #PHAB, New York, NY 10011 — NYC real estate listing on Real Estate Rebate Team. Priced at $12,900,000. Est. potential buyer savings up to $322,500 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10011/405-west-23rd-street-phab-PHAB-ny-10011"
source: "Real Estate Rebate Team"
---

# 405 West 23rd Street #PHAB, New York, NY 10011

> **Listing Courtesy of:** Sothebys International Realty

## Description

Presenting a truly once-in-a-generation opportunity to create an extraordinary full-floor penthouse residence atop the iconic London Terrace Towers. Offered together, Penthouse A and Penthouse B provide a rare full-floor presence and the opportunity to seamlessly combine two exceptional homes into a bespoke 4+ bedroom penthouse oasis, crowned by expansive wraparound terraces with breathtaking 360-degree skyline views, subject to review by the purchaser’s architect and Board approval. Rarely does a residence of this scale become available, offering the coveted combination of full-floor privacy, exceptional outdoor living, and panoramic exposures in one of Chelsea’s most iconic prewar buildings.

The combined offering allows for the creation of a grand-scale home that is both elegant and highly functional, with the privacy and exclusivity typically reserved for the city’s finest penthouses. Alternatively, the residences may remain separate, preserving two beautifully appointed two-bedroom, two-bathroom penthouses ideal for guests, extended family, live-work flexibility, or any lifestyle that benefits from privacy while maintaining close connection.

Designed by the renowned architectural firm Farrar & Watmough and completed in 1930, London Terrace Towers stands among Chelsea’s most distinguished prewar cooperatives. Residents enjoy an exceptional collection of amenities, including a state-of-the-art fitness center, heated indoor swimming pool, sauna, steam room, beautifully landscaped private gardens, rooftop deck, bicycle storage, laundry facilities, and an on-site parking garage.

Perfectly positioned alongside the High Line and moments from Chelsea’s celebrated galleries, acclaimed dining destinations, cultural institutions, and vibrant theater scene, this remarkable offering presents a rare opportunity to craft a trophy penthouse residence defined by iconic views, expansive outdoor living, full-floor privacy, architectural pedigree, and limitless potential.

Penthouse A is available exclusively in conjunction with Penthouse B and is not being offered separately.

## Property Details

- **Price**: $12,900,000
- **Potential Buyer Rebate**: $322,500
- **Bedrooms**: 4
- **Bathrooms**: 4 full, 1 half
- **Living Area**: 668,258 sqft
- **Property Type**: Residential
- **Year Built**: 1930
- **Building**: London Terrace Towers
- **Neighbourhood**: Chelsea
- **Area / Borough**: Manhattan
- **Subdivision**: Chelsea
- **Listing Office**: Sothebys International Realty
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$322,500** 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-towers)
- [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.