240 West 23rd Street (The Arcadia)
240 West 23rd Street, New York, NY 10011
BBL 1007720067 · BIN 1014132
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
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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.
Architecture and building operations
The Arcadia is an eight-story loft structure of 1899, its eclectic facade among the more ornamented in Chelsea — the gilded rams' heads, cornice-level grotesques, and carved figures are the defining features. The 1984 conversion created loft-like residences ranging from studios to duplexes and triplex penthouses. Note that public tax records list a later year for the structure; the authoritative architectural history dates the building to 1899.
Operations: full-time superintendent on staff; key-lock elevator; central laundry room; bike room; individual storage; and a common roof deck with panoramic views. No doorman or concierge.
Policy framework — verify via The Roebling Research Library
- Type: Cooperative — board interview required
- Minimum down: Verify with managing agent
- Pied-à-terre: Verify with managing agent
- Pets: Verify with managing agent
- Subletting: Board approval required
- Board interview: Required
Specific policy framework should be verified against the Roebling Research Library's offering plan and house rules at engagement.
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, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
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, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| 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 (recorded) 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). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.
At the recent median sale of $2.25M (3 transfers since 2024), a buyer putting 25% down would pay about $42,663 to close, or 1.9% of the price.
- Mansion tax: $28,113
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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.
More Chelsea buildings
- 233 West 21st Street — 1920 co-op
- 233 West 26th Street — 1910 co-op
- 236 West 26th Street (The Capitol Building) — 1925 co-op
- 241 West 19th Street — condominium
- 245 Seventh Avenue — 1911 condominium
- 245 Tenth Avenue — 2007 condominium
The neighborhood
For the full corridor — architecture, 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.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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