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London Terrace Towers, 405 West 23rd Street, #2D

$585,000 | 1 bed, 1 bath
Building Profile  | 
59 days on Market

Key Details

  • Listed: Oct 24, 2024
    Days on Market: 59
    Building Type: Cooperative
    Neighborhood: Chelsea (Manhattan)
    Listing viewed 256 times
Monthly Maintenance: $1,216
Est. Monthly Mortgage: $3,107
Total Est. Monthly Carrying Cost: $4,323
Note: the above is based on a down payment of 20% ($117,000), which is the minimum amount permitted by the building.

Description

Bright, Stylish Junior One-Bedroom in Iconic London Terrace Towers with Low Maintenance!

This beautifully converted junior one-bedroom in the historic London Terrace Towers is the perfect blend of pre-war charm and modern convenience. The space has been thoughtfully designed to maintain an open, airy feel with privacy and separation for the kitchen, work from home, the living space and bedroom. There is ample closet space - a large bedroom closet with a custom storage system spans the entire wall, plus 2 additional closets outside the kitchen in the living space, both incredibly deep.

With large east-facing windows, this home is bathed in natural light throughout the day, offering peaceful sky views and lush trees overlooking 9th Avenue and 23rd Street.

The apartment features elegant hardwood floors that enhance the warm, rich aesthetic of the home. Recent updates include a new air conditioning unit installed in 2024, and a new large Whirlpool refrigerator installed in 2022. This open-concept kitchen features all full-size appliances, the oven / stove and the dishwasher, and there is still ample cabinet space and a dedicated shelf for the microwave.

Currently there is a cabinet under the bar outside the kitchen, but you will see we included a virtual renovation showing the easy conversion to a breakfast bar with stools. The spa-inspired bathroom offers a deep soaking tub, a Duravit sink, and contemporary finishes, providing a tranquil retreat from the hustle and bustle of the city.

Apartment 2D is just waiting to welcome you home. With one of the lowest maintenance fees in the building, your monthly maintenance includes heat, water, and gas.

The shareholder receives an electricity submetering credit of $31.77 monthly, which typically covers the cost each month, give or take a few dollars. Taking into account the credit, $1,216.12 approximates the final monthly out-of-pocket expense that is listed. Don’t miss this one-of-a-kind piece of the Big Apple in the best location in Chelsea.

Beyond the apartment, London Terrace Towers offers an unparalleled lifestyle.

This historic treasure is an affordable yet luxurious place to call home. Residents enjoy access to a beautifully renovated sundeck-open all day until midnight-offering spectacular city views. The iconic half-Olympic-sized heated swimming pool, sauna and steam rooms are available free for residents.

There is a state-of-the-art gym offered at an incredibly low annual rate.

Recent building improvements include elevator modernization and replacement, as well as the completion of Local Law 11 work earlier this year, ensuring the building is in excellent condition for years to come. There are no assessments, and financing is permitted at 80%. Additional amenities include 24-hour doorman service, live-in-super, 24/7 laundry facilities, affordable storage units with no wait list (small fee), bike storage, convenient package reception and a parking garage (separate management and fee).

This architectural work of art is pet friendly and allows co-purchasing, gifting, guarantors, parents buying, pied- -terre and subletting. There is a 2% flip tax split evenly between the buyer and the seller. Fun fact: London Terrace Towers, in particular the basement and the pool, has made appearances in tv shows such as The Americans & Blacklist.

London Terrace Towers is situated in vibrant West Chelsea, just seconds away from the High Line, with top-tier restaurants, shopping, and transportation options, making it a prime location for city living. Whether you’re looking for a primary or part time residence, this exceptional junior one-bedroom offers unmatched value and style in one of New York City’s most sought-after buildings. Your new West Chelsea Manhattan adventure awaits.

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Apartment Amenities

  • Eastern Exposures
Listing courtesy of Serhant

Pricing History

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About London Terrace Towers, 405 West 23rd Street

86

London Terrace Towers, 405 West 23rd Street has received a CityRealty Rating of 86, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

29
Out of 44
+
28
Out of 36
+
20
Out of 39
+
9
=
86
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
Exists 1 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
Present 1 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes, with Swimming Pool 2 out of 2 points
Private Gardens:
Substantial 2 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
Yes 1 out of 1 points
Maids Room:
Some 1 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • High-Rise
  • Pre War
  • Full Service Garage
  • Garden
  • Health Club
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building

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Pros
  • Many good views
  • Sidewalk landscaping
  • Good cross-town bus service
  • Close to Chelsea art galleries
  • Close to Chelsea restaurants
  • Close to Chelsea Piers
  • Roof deck
  • Concierge
  • Garage
  • Central Chelsea location
  • Large swimming pool
  • Close to Subway
Cons
  • Many apartments
  • No balconies
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Subways

  1. C
  2. E
at 8th Ave and 25th 0.26 miles
  1. 1
at 7th Ave 0.43 miles
  1. A
  2. L
at 8th Ave and 16th 0.45 miles

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