New York  »  Manhattan  »  10011  »  Chelsea

405 West 23rd Street, New York, NY 10011

Chelsea, Midtown Manhattan, Manhattan
Building in Chelsea
19 Stories
702 Units
Built in 1932
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Welcome to 405 West 23rd Street, a building located in Chelsea, Midtown Manhattan, Manhattan in New York, NY. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1932. This is a relatively tall building with a total of 19 floors. From what we gather, there are a total 702 residential units. According to local assessors, the total value of the building is currently valued at $83,969,102. Specifically, the value of the land that the property sits on has been assessed at $6,094,351. There is another building on the same land that 405 West 23rd Street was built on.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. The code designated for the basement in this building was 5 which stands for: "". The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Doorman
Elevator
Fitness Center
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
1932
First Altered Year
1983
Building Count
2
Floor Count
19
Total Unit Count
731
Residential Unit Count
702
Basement Type
5
Unit Count
Building Floor Area
Residential Building Floor Area
616,965
Commercial Building Floor Area
51,293
Office Building Floor Area
11,998
Retail Building Floor Area
36,222
Other Building Floor Area
3,073
Floor Area Ratios
Building Area Source
2
Building
Building Type
RM
Lot Type
5
Land Use
04
Irregular Lot Code
N
Sanborn Map Number
105S005
Ownership
Current Owner's Name
LONDON TERRACE TOWERS CONDOMINIUM
Neighborhood
Census Block
4000
Community District
104
City Council District
3
Police Precinct
10
Fire Company
E003
Health Area
5200
Sanitation District Borough
1
Sanitation Subsection
2B
School District
02
Census Block Code
3000
Census Group
3
Census Year
2020
Census - Combined Statistical Area - Area Code
408
Census - Combined Statistical Area - Area Name
New York-Newark, NY-NJ-CT-PA
Census - County FIPS
36061
Census - Full FIPS
360610093003000
Census - Metropolitan Division - Area Code
35614
Census - Metropolitan Division - Area Name
New York-Jersey City-White Plains, NY-NJ
Census - Metro Micro Statistical Area - Area Code
35620
Census - Metro Micro Statistical Area - Area Name
New York-Newark-Jersey City, NY-NJ-PA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3651000
Census Source
US Census Bureau
Census State FIPS
36
Census Tract 2010
0093
Census Tract Code
009300
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3620580
School District - Unified - Name
New York City Department Of Education
Zoning
Split Boundary Zone Indicator
Y
Zoning
R8A
Zoning Commercial Overlay 1
C2-5
Zoning Commercial Overlay 2
C1-5
Zoning Map Number
8b
Zoning Map Code
Y
Geography
Borough Name
MN
Borough Code
1
Block
721
Lot
7501
Borough Block Lot
1007217501
Apportionment BBL
1007211001
Apportionment Date
Aug 25, 1988
X Coordinates
983263
Y Coordinates
211754
Valuation
Pluto Map ID
1
More About The Building
In comparison, the lot area is listed as 49,375 square feet. The building itself has 668,258 square footage of total floor area. Out of that, 616,965 square footage of floor area is residential. The rest of the space could be utilized as commercial, garage, factory, or alternative use space. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 405 West 23rd Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Chelsea area have a median price of $5,202. Those in the 25th percentile, have a price around $4,346. While those in the 75th percentile, have a price around $6,898. Typically, the buildings in this area have a median sqft of 700. That means that the median price per sqft is around $8. In other words, the price per sqft for buildings in the 25th percentile is $7. While the price per sqft for buildings in the 75th percentile is $9. As a breakdown, we've included the following stats:

  • There are currently a total of 160 studio listings. The median price for these types of listings is $4,195. That's $9.10 price per sqft.

  • There are currently a total of 192 one bedroom listings. The median price for these types of listings is $5,477. That's $8.52 price per sqft.

  • There are currently a total of 127 two bedroom listings. The median price for these types of listings is $7,795. That's $7.61 price per sqft.

  • There are currently a total of 26 three bedroom listings. The median price for these types of listings is $6,995. That's $8.06 price per sqft.

  • There are currently a total of 6 four bedroom listings. The median price for these types of listings is $11,998. That's $4.67 price per sqft.
About The Area
405 West 23rd Street is located in 10011. There are 50,404 people living here. There are 28,738 households. Most of these households have an average family size of 2.65 people. According to the census, 64% are currently renting while 36% own their homes. The median age of this population is around 39.9 years old. On average, most folks in the zipcode are unmarried. About 25% of folks speak a language other than English in this area. The area's employment rate is currently around 73%. Speaking of employment, the median income is $114,134. Most folks will commute by public transportation for around 25.2 minutes. Finally, we know that 6% of residents in the area have graduated with their high school degree. Additionally, 40% and 38% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. New York County, New York has a population of 1,634,989 people. Based on census records, there are 753,385 registered households. Families in this area are on average made up of 3.09 people per household. Most folks are unmarried. They are also typically around 36.7 years old. Does diversity matter to you? Right now, 40% of folks speak a language other than English here. About 77% rent while 23% purchased their homes. Right now, the community is made up of 13% of residents who have graduated with at least a high school degree. On top of that, 32% have a Bachelor's degree and 29% have a Master's degree. The employment rate is currently around 62.9%. Those employed, have a median income of $75,513. If you move here, you can expect to commute mostly by public transportation for around 31.4 minutes.

Finally, let's take a look at the stats related to New York - Newark, NY - NJ - CT Urban Area. The urban area is home to 18,812,161 people. A total of 6,707,347 households are registered here. With average family sizes being listed at 3.42 people. About 25% of residents have graduated with a high school degree. Of the rest, 22% have their Bachelor's and 16% have their Master's degree. Folks speaking a language other than English, make up about 40% of the population. Speaking of your commute, 59.7% of people in this area are employed. The recorded median income is currently at $68,319 per year. The median population age has been listed at 37.8 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 50% of the population while homeowners are at about 50% of the population.
$4,195
Studio Median Rent
$5,477
1BR Median Rent
$7,795
2BR Median Rent
$6,995
3BR Median Rent
PUBLIC TRANSIT
A
C
E
23 St (1030 ft - 4 min walk)
MTA New York City Transit
1
2
23 St (0.36 mi - 9 min walk)
MTA New York City Transit
A
C
E
14 St (0.41 mi - 10 min walk)
MTA New York City Transit
1
2
28 St (0.43 mi - 10 min walk)
MTA New York City Transit
1
2
18 St (0.44 mi - 11 min walk)
MTA New York City Transit

Nearby Schools

(within attendance boundary)
PS 33 CHELSEA PREP  •  0.17 mi
281 9th Ave, New York, NY 10001
Public  •  Elementary  •  Grades PK to 5
New York City Geographic District # 2
333 W 17th St, New York, NY 10011
Public  •  Middle School  •  Grades 6 to 8
New York City Geographic District # 2
QUEST TO LEARN  •  0.26 mi
351 W 18th St, New York, NY 10011
Public  •  High School  •  Grades 6 to 12
New York City Geographic District # 2
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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