405 West 23rd Street, #PHA, New York (Chelsea), NY, 10011 | $3,990,000

Nestled on the top floor of the iconic London Terrace Towers, PHA presents an extraordinary opportunity to own a coveted residence in the heart of Chelsea. With its soaring 10-foot ceilings and 4 terraces, this exceptional renovated unit offers breathtaking 360-degree views that bathe the space in natural light, creating an unparalleled living experience.

Entering the foyer your first view is of the grand scaled living room living wrapped in 7’ windows, accenting the full-length terrace. Relax or entertain looking at the large wood-burning fireplace with stone facade and handsome mantel in this spectacular room. The adjacent dining room invites you to the south terrace with views all the way to the Statue of Liberty, which can also be enjoyed while cooking in the newly renovated kitchen. Heading to the north side of the apartment through an oval shape corridor, you will encounter the new renovated guest bath, and the hallway leading to the bedrooms with access to 2 additional terraces. With City lights to the right and views of the London Terrace pristine gardens and block long historic structures, highlighting 10 water towers to the left, the piece de resistance is an unparalleled view of Hudson Yards. Inside, the room is graced with an abundance of extra-tall closets. From the primary bedroom, you’ll find another iconic city view of the Empire State Building. The ensuite bathroom has also been renovated.

The monthly maintenance fee includes heat, hot water, gas, and electricity.

London Terrace Towers is composed of four corner buildings occupying both Ninth and Tenth Avenues between West 23rd and West 24th Streets in the heart of West Chelsea. An impressive array of building amenities includes full-time lobby attendants, a half Olympic-sized heated indoor pool, private health club which offers professional training services, steam rooms, saunas, roof deck with outdoor shower, bike rooms, laundry facilities, and basement storage (subject to availability). A prime Chelsea location puts residents near the Hudson River Park, High Line Park and Chelsea Piers recreation center. It is convenient to the neighborhood's seemingly endless collection of restaurants, clubs, and art galleries, and has made London Terrace Towers a premier choice for downtown living.

Originally completed in 1930, the Towers became a co-operative corporation in 1988. (The buildings in the middle of the block remained as rental apartments and became known as London Terrace Gardens, which is a separate and independent building. )

London Terrace Towers cooperative allows guarantors and co-purchasing, 80% financing, and is pet friendly. Unlimited subletting subject to board approval and fee is allowed after 1 full year of ownership. Flip Tax: 1% Seller; 1% Buyer.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 19
  • Amenities: Bike Room; Garage; Garden; Health Club; Pool; Sauna; Steam Room; Laundry Room; Roof Deck; Common Storage For A Fee;
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: InUnit,CommonArea,OnCommonFloor
  • Complex: London Terrace Towers
  • Year Built: 1930
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: No
  • Washer / Dryer: Yes
  • Balcony: Yes
  • Terrace : Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • OLR#: PRCH8355346
  • Days on Market: 153 days
  • Website: https://www.raveis.com
    /prop/PRCH8355346/405west23rdstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Sotheby's International Realty, Inc.

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NMLS Mortgage Loan Originator ID 1880936

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405 West 23rd Street, #PHA, New York (Chelsea), NY, 10011

$3,990,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,192,000 $3,192,000 $3,192,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.040% 6.360% 5.930%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $18,124 $19,654 $26,507
Total Monthly Payment $18,249 $19,779 $26,632

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.