- Year built
- 1857
- Type
- Condominium — 11 units, walk-up
- Floors
- 4
- Landmark
- Designated
- Pets
- Pet-friendly per listing records — verify current terms
Every recorded sale at this building, 2022–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Recorded sales
- 12
- On record
- 2022–2025
468 West 23rd Street is a structural rarity in Chelsea: condominium ownership inside an 1850s building in a landmarked district, at boutique scale. Most of the neighborhood's rowhouse-era housing stock that organized itself for ownership did so as co-ops, with boards, interviews, and financing limits; this building went the other way, converting to the 11-unit Chelsea Gardens Condominium in the mid-1980s — the offering plan, on file in The Roebling Research Library, was first offered in December 1985 at a total price of $2.86 million for the entire building. Four decades later, that early decision is the product: pre-war volumes and historic-district streetscape with condo transfer mechanics, in a neighborhood where that combination is chronically scarce.
The block is one of Chelsea's best. The building faces the full London Terrace blockfront across West 23rd Street, which functions as a guarantee of light and context — a 1930 full-block landmark-quality neighbor is not getting replaced — and the Chelsea Historic District Extension protects the building's own side of the street. Two blocks west, the High Line's 23rd Street access and the gallery district carry the neighborhood's cultural weight; the Hudson River Park, Chelsea Piers, and Chelsea Market frame the wider grid. The 23rd Street crosstown bus stops at the door, with the C/E at Eighth Avenue and the 1 at Seventh.
The apartments themselves explain the building's following. The mid-1980s conversion produced an unusual stock of duplexes — listing records document ceilings up to roughly 19 feet, a lofted 815-square-foot studio with 15-foot ceilings, and a top-floor duplex with a private 400-square-foot roof terrace and Hudson River sightlines — and successive owner renovations have layered in high-spec kitchens and baths, soundproofed windows, and white-oak floors unit by unit. With low documented monthlies that bundle heat and water, the carrying-cost math here reads closer to a townhouse condo than to a full-service building — because that is essentially what it is.
Architecture and unit composition
The building is a four-story (five, counting the duplexed upper level as listings do) masonry walk-up of roughly 8,400 residential square feet — wide for its block at over 2,000 square feet per floor — holding just 11 homes. The 1857 construction date in city records places it in Chelsea's first great building generation, when the Moore estate's blocks filled in with brick rowhouses; the original architect is not documented in public records, and we do not carry an attribution we cannot verify. The 1980s conversion reorganized the interiors around duplexed sections, which is why the unit stock runs from lofted studios to two-bedroom, two-bath duplexes rather than conventional floor-through plans. North-and-south exposures bring light from 23rd Street and the rear yards; renovation quality varies by unit, from conversion-era condition to full architect renovations, and pricing tracks that spread.
Building operations
This is self-service boutique ownership: no doorman, no amenity floor, a part-time superintendent, video intercom, and a small board of neighbors. Common charges are documented as low and inclusive of heat and water. Recent capital items in listing records — the 2023 boiler and facade repointing — suggest an actively maintained envelope, but the budget, reserves, and any planned assessments are exactly what your attorney should confirm during diligence; in a building this small, each unit's share of any capital project is proportionally meaningful. Exterior work, including anything visible from the street, runs through Landmarks review under the historic-district designation.
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 →Recent sales
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Nov 28, 2025 | 1A | $780,000 |
| Jun 11, 2025 | — | $6,300,000 |
| Mar 12, 2025 | — | $5,860,000 |
| Dec 27, 2024 | — | $21,130,484 |
| Dec 27, 2024 | — | $3,019,169 |
| Dec 27, 2024 | — | $6,490,270 |
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 1-00720-7502) 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.
What to know if you’re buying
The structure is the value. Condo mechanics — no board interview, flexible financing and use relative to co-op peers — inside an 1850s historic-district building is a thin market in Chelsea. If your search keeps surfacing co-ops with 20–25 percent down and board risk, this building is the structural alternative.
Small buildings concentrate everything. Eleven owners share every roof, boiler, and facade decision. Review the budget, reserves, and meeting minutes carefully; the 2023 boiler and recent repointing are encouraging, but confirm what's next on the capital list.
It's a walk-up. Top-floor duplexes — including the terrace unit — come with stairs, permanently. Price that honestly against your time horizon.
Verify the policy stack. Pet terms, rental rules, and any transfer fees are thinly documented publicly. We verify against the offering plan on file and current board documents during diligence.
Landmarks applies to the envelope. Window replacement, rooftop work, and anything street-visible runs through the LPC under the Chelsea Historic District Extension. Interior renovations are conventional — budget timeline only where the envelope is involved.
What to know if you’re selling
Market the scarcity and the monthlies. Boutique pre-war condo, historic district, London Terrace light across the street, and low inclusive common charges — that combination outperforms generic "charming Chelsea" copy with the buyers who actually transact here.
Lead with volume. The 19-foot ceilings, duplex sections, and the roof terrace are the building's photographic assets; this stock sells on section drawings and verticality, not floor area alone.
Expect comp work to leave the building. With 11 units, same-building history is sparse. We price from the adjacent boutique-condo and loft stock — exposure- and condition-adjusted — and use the building's low-carry math as the differentiator.
Comparable buildings
If you're considering 468 West 23rd Street, also evaluate:
- 410 West 23rd Street — the larger co-op alternative on the same block
- London Terrace Towers (465 West 23rd Street) — the full-block 1930 co-op directly across the street; the amenity-rich alternative
- 515 West 23rd Street — modern boutique condo a block west by the High Line
- 519 West 23rd Street — boutique gallery-district condo neighbor
- 503 West 24th Street — boutique condo one block north in the gallery blocks
- 245 Tenth Avenue — the High Line-adjacent design-condo comparison
- 228 West 21st Street — boutique pre-war stock in the heart of the historic district
- 252 Seventh Avenue — the large loft-condo alternative (Chelsea Mercantile) for buyers trading intimacy for amenities
The Roebling Team at 468 West 23rd Street (Chelsea Gardens Condominium)
The Roebling Team at Compass works Chelsea — historic-district rowhouse blocks and West Chelsea gallery stock alike — as a core practice area. We publish this building profile because boutique-condo buyers and sellers deserve building-specific intelligence — conversion documentation, small-building diligence frameworks, and block-level comparables — not generic neighborhood commentary.
If you're considering a transaction at 468 West 23rd Street, a 30-minute consultation is the right starting point.