405 West 23rd Street, #2D, New York (Chelsea), NY, 10011 | $585,000

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.

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: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Complex: London Terrace Towers
  • Year Built: 1930
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: No
  • Building Access : Elevator
  • Health Club: Yes
  • Service Level: Full Time Doorman
  • Doorman: Yes
  • LobbyAttendant: FullTime
  • OLR#: RPLU1032523236740
  • Days on Market: 33 days
  • Website: https://www.raveis.com
    /prop/RPLU1032523236740/405west23rdstreet_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 Serhant LLC

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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405 West 23rd Street, #2D, New York (Chelsea), NY, 10011

$585,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $468,000 $468,000 $468,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.055% 6.256%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,114 $3,074 $3,947
Total Monthly Payment $3,206 $3,166 $4,039

* 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.