240 West 23rd Street (The Arcadia)
240 West 23rd Street, New York, NY 10011
Chelsea
BBL 1007720067 · BIN 1014132
- Year built
- 1899
- Type
- Cooperative
- Units
- 18
- Floors
- 8
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,468
- Listing discount
- 1.6%
- Recorded sales
- 23
- On record
- 2004–2026
The Arcadia is a loft cooperative occupying one of Chelsea's most characterful facades — a Renaissance-inspired loft-and-store building completed in 1899 to the designs of C.P.H. Gilbert, one of the era's leading mansion and commercial architects. The facade is the building's signature: full-relief rams' heads on the second-floor piers, grimacing carved faces at the cornice, bearded-men figures above the sixth floor, and garlands and engaged columns throughout.
Built for the Cushman family and originally home to office-equipment manufacturing and a colorful run of commercial tenants, the building was converted to a residential cooperative — The Arcadia — in 1984. The result is a boutique co-op of loft-scaled apartments, including duplex and triplex penthouses, on a prime Chelsea block between Seventh and Eighth Avenues.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Management & transfer contacts
- Flip tax
- 2.5% of purchase price minus original sales price
- Sublet policy
- Allowed
- Notable fees
- Max financing 80%
Recent sales
Recent transfers 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 | vs. Ask |
|---|---|---|---|---|---|
| Jun 16, 2026 | PHC | 2 BR · 2 BA · 1,700 sf | $2,495,000 | $1,468/sf | +10.9% |
| May 19, 2025 | 5A | 2 BR · 1 BA · 1,200 sf | $1,315,000 | $1,096/sf | -5.7% |
| Nov 4, 2024 | PH7B | 2 BR · 3 BA | $2,249,000 | -16.2% | |
| Apr 30, 2024 | 6C | 2 BR · 1 BA · 915 sf | $1,250,000 | $1,366/sf | +0.0% |
| Feb 18, 2022 | 3B | 2 BR · 2 BA | $1,722,600 | -1.6% | |
| Jan 7, 2022 | 4A | 2 BR · 1,160 sf | $1,477,000 | $1,273/sf | -1.2% |
| Jul 20, 2018 | PH7C | 3 BR · 1,650 sf | $2,425,000 | $1,470/sf | -13.4% |
| Jan 29, 2016 | PH7D | 3 BR · 1,800 sf | $2,200,000 | $1,222/sf | -16.9% |
Market read. Most recent trades (2026) cleared a median $1,468/sf across 1 sale. Median listing discount 1.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00772-0067) 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 on co-ops is not officially recorded, figures shown are approximate.
Comparable buildings
- 252 Seventh Avenue (The Chelsea Mercantile) — Rockrose 2000 conversion; nearby Chelsea loft-conversion peer
- 212 West 18th Street (Walker Tower) — Walker / JDS 2014; nearby Chelsea trophy peer
- 144 West 18th Street (The Chainworks Building) — 1910 loft; 2002 conversion; nearby Chelsea loft peer
- 222 West 14th Street — nearby Chelsea-edge loft peer
- 245 Tenth Avenue — Della Valle Bernheimer 2010; nearby Chelsea peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at The Arcadia?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Arcadia would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.