405 West 23rd Street, #17D, New York (Chelsea), NY, 10011 | $7,500,000

Perfectly perched on the 17th floor of London Terrace, this architect-designed apartment with a rare 1, 000+ sf wrap-around terrace is a serene oasis in the heart of West Chelsea. With interiors conceived by Otherstudio Design in partnership with AR Arquitetos of São Paulo, and exterior spaces designed by Michael Trapp, the apartment presents a perfect synthesis of modern minimalist design and extraordinary outdoor space. The upper floor of this 3 bedroom/3. 5 bath duplex apartment is flanked by full height blackened steel casement French doors and windows on all three exposures (South, West and North), all of which provide access to the terraces. Other features of the apartment include fumed oak chevron flooring, lacquered wood paneling, custom lighting design, a Lutron home automation system, surround sound system with built-in speakers and automated shades. The full bathrooms feature Calacatta Manhattan slabs on the walls and sinks, Danby marble floors, Waterworks fixtures and a water filtration system. On entering the apartment, a dramatic gallery-like hallway leads the eye to a full height casement window framing the landscaped terrace and fountain beyond. The entry foyer sets the sophisticated tone for the rest of the home with flooring of custom terrazzo, Black Marquino and Carrara marble. Adjoining the foyer is a powder room and a coat closet. Following is a secondary bedroom suite, with French doors opening onto the North terrace, wire-brushed oak closets and a windowed bathroom with a soaking tub and shower. Next is the upper floor primary bedroom, also with French doors opening onto the terrace, two walls of generous closets and an en suite bathroom with a double sink, a nickel-plated soaking tub and a separate shower. The living and entertaining area is an open, loft-like space with three exposures (South, West and North) and multiple French doors and windows providing connectivity with the outdoor spaces. It features a wood-burning fireplace with a Black Marquino mantle. The windowed kitchen presents a striking contrast in tonality with its Black Absolute granite countertop, ebonized oak cabinetry with walnut interiors, Wolf cooktop, oven and microwave, Dacor warming drawer, Subzero refrigerator and wine cooler, Bosch dishwasher and Futuro hood. The apartment also includes a Miele washer and dryer. Accessed from any of the French doors throughout the apartment, the terraces provide a serene respite from city life with views of the Statue of Liberty to the South, glimpses of the Hudson River to the West and of Hudson Yards and the Empire State Building to the North. A wisteria-draped pergola gives a note of privacy to the spacious outdoor dining area, while a fountain provides a soothing acoustical backdrop. The terrace is decked in bluestone-colored tiles and Ipe wood, with an Ipe backdrop and two storage sheds. The landscape design, showcased in the book "Repose in the Metropolis: The Private Gardens of New York City", is designed to be evergreen year-round. The terraces also include a full irrigation system, two automated awnings and an outdoor shower. Descending from the living area via a steel staircase with custom terrazzo treads, one enters the sumptuous and private lower floor primary bedroom suite. This spacious bedroom looks South through two arched windows and features a pair of rare Apparatus light fixtures. Connected to the bedroom is a spa-like bathroom with a steam shower with aromatherapy feature, and a double sink. Adjoining the bedroom is a home office (which could easily be converted to an ample walk-in closet), a separate walk-in closet and a large wall closet. London Terrace Towers is one of the most iconic full service prewar buildings in all of downtown Manhattan, offering an impressive array of amenities including a state-of-the-art fitness center, a heated indoor swimming pool, planted roof terrace, basement bike storage and a laundry room.

Features

  • Town: New York
  • Cooling: Central
  • 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: 3
  • Baths: 3 full / 1 half
  • 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
  • Private Garden: Yes
  • Building Access : Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • OLR#: PRCH35186938
  • Days on Market: 11 days
  • Website: https://www.raveis.com
    /prop/PRCH35186938/405west23rdstreet_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

347.223.0992

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405 West 23rd Street, #17D, New York (Chelsea), NY, 10011

$7,500,000

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 $6,000,000 $6,000,000 $6,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.963% 5.983% 5.805%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $32,209 $35,492 $49,424
Total Monthly Payment $32,334 $35,617 $49,549

* 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.