- Year built
- 2005
- Type
- Condominium
- Units
- 95
- Floors
- 21
- Landmark
- No
- Pets
- Permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration — investor-friendly
- Pied-à-terre
- Allowed
Crossing 23rd is a 2005 contemporary condominium on East 23rd Street between Park Avenue South and Lexington Avenue, at the meeting point of Flatiron and Gramercy. Designed by H. Thomas O'Hara Architects with interiors by Andres Escobar and developed by Chay & Chay LLC, the building presents an asymmetrical light-red-brick façade over a two-story stone base, with bay windows down the center of the elevation and balconies concentrated on the east side. The single condominium spans 119–121 East 23rd Street and is marketed under both street numbers.
The location is the story. The building sits steps from Madison Square Park and Eataly, with the 6 train at Park Avenue South, the N/R at Broadway, and F/M service close by. It is a full-service, contemporary building in a corridor otherwise dominated by pre-war and post-war stock — a design-forward alternative for buyers who want newer construction, in-unit laundry, and private outdoor space on many lines.
For buyers, Crossing 23rd combines 2005 new-construction finishes, a genuine amenity set, and an explicitly investor-friendly policy framework in one of downtown's most walkable corridors.
Architecture and unit composition
The 95 residences distribute across 21 stories. Apartments run from studios through three-bedrooms, topped by penthouse residences with private rooftop terraces — including a duplex penthouse on the upper floors with skyline views toward the Chrysler Building, One Vanderbilt, and the Flatiron Building. Interiors from the 2005 delivery feature Brazilian cherry floors, floor-to-ceiling windows, and granite kitchens with cherry cabinetry; many apartments include in-unit washer/dryers, and a number carry private balconies or terraces.
Bay windows along the center of the façade give many apartments added light and dimension, and the east-side balcony lines provide the building's private outdoor space.
Building operations
Crossing 23rd operates as a full-service condominium: 24-hour doorman, concierge, a live-in resident manager, a fitness center, a resident lounge opening to a landscaped rooftop terrace, a central laundry room, a bicycle room, and resident storage. There is no on-site parking garage. Common charges and property taxes reflect a full-service contemporary building; buyers should model the full monthly carry and review reserves and any capital history during due diligence, as is prudent for any condominium now two decades into occupancy.
Recent sales
As a condominium, Crossing 23rd prices on a price-per-square-foot basis. Recent recorded sales have run in the vicinity of the low-$1,500s per square foot, with asking prices tracking similarly — reflecting the building's newer construction and its Flatiron–Gramercy location. Within the building, floor, exposure, outdoor space, view, and condition drive pricing more than any building average; the penthouse and upper-floor terraced residences command the premiums.
Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF |
|---|---|---|---|---|
| Aug 3, 2005 | 19A | 1,743 sf | $2,174,982 | $1,248/sf |
Market read. Most recent trades (2005) cleared a median $1,248/sf across 1 sale.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00879-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
Outdoor space and floor drive value. The east-side balcony lines and the upper-floor terraced residences carry the premium. Confirm exactly what a given apartment's outdoor space and exposure deliver.
The building is investor-friendly. Subletting is permitted and pied-à-terre use is allowed — a differentiator for buyers who value flexibility. Confirm current terms.
Condo flexibility is real. Pied-à-terre, subletting, foreign buyers, and LLC/trust ownership are permitted under the declaration; closings run on condo timelines.
Confirm the address on file. The building spans 119–121 East 23rd Street and is listed under both numbers; make sure your paperwork references the correct unit and entity.
Mansion tax thresholds apply. At this building's pricing, the $1M and higher cliffs can be in play. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Lead with the location and the finishes. The Madison Square Park proximity, 2005 construction, and in-unit laundry are the headline for the buyer pool.
Present the outdoor space. For balconied and terraced lines, photography and staging that read the outdoor space well support price.
Price per square foot against the right comps. Comparable analysis should weight floor, exposure, outdoor space, and condition — and account for the investor-friendly policy framework in the buyer pool it attracts.
Comparable buildings
The Roebling Team at Crossing 23rd
The Roebling Team at Compass works the full Flatiron, Gramercy, and Madison Square Park market, including its contemporary condominiums. We publish this profile because condominium buyers and sellers deserve building-level intelligence — architecture, operational reality, and apartment-level pricing context — rather than generic market commentary.
If you're considering a purchase or sale at 119 East 23rd Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Flatiron — read The Roebling Team Guide to Flatiron.
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