148 W 23rd St APT 5FG, New York, NY, 10011
About This Home
Expansive loft offering incredible value, versatility and endless possibilities in the heart of Chelsea. This generously proportioned space offers tall ceilings, classic pre-war loft charm and unrivaled square footage for the price and is move-in ready with recently refinished floors and fresh paint. Alternatively, bring your contractor and create your dream home in this true blank canvas ideal for customization. The flexible floor plan supports a wide variety of layouts. Currently configured as a 3-bedroom, 2.5-bath home with a large family room/library in addition to the main living/dining area. Two loft spaces provide excellent additional storage or creative use potential. Chelsea Mews is a full-service, pre-war co-op that offers a 24-hour doorman, live-in super, a beautifully landscaped roof deck with panoramic views of Hudson Yards and the Empire State Building, laundry on every floor, and bike storage in the basement. Ideally situated at the crossroads of Chelsea and Flatiron between Sixth and Seventh Avenues, the location is exceptionally convenient. The restaurant scene in the neighborhood is excellent, with world-class dining, trendy boutiques, nightlife, and a thriving art scene all nearby. The High Line, Chelsea Piers, Chelsea Market, Meatpacking District, Hudson Yards, Madison Square Park, and Hudson River Park are all a short walk away. Transportation couldn’t be better, with 1, F, M & PATH trains on the block, and the C, E lines just a block away. Two parking garages are right on the block, in addition to several bus stops. Daily life is effortless with four major grocery stores nearby including Whole Foods (3 minute walk), Trader Joe’s (4 minute walk), Fairway, Westside Market (on the block), plus Eataly, Target, and Home Depot all in close proximity to the building. This pet-friendly co-op permits pieds-à-terres, co-purchasing, gifting and guarantors. Subletting is permitted two out of every five years. Financing up to 80% is allowed, and there is a 2% seller flip tax. Disclaimer: Square footage is an estimate only. Prospective purchasers must conduct their own due diligence and verify all measurements.
Getting Around
Walker's Paradise
Rider's Paradise
Biker's ParadiseSchools
Construction
Condition
- Year built: 1910
Type & Style
- Home type: Cooperative
- Property subType: Coop
Interior
Appliances
- Appliances included: Dishwasher
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
Property
Details
- Special condition: Resale
Features
- Has view: Yes
- View description: City,Skyline
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Heat Wave
- Cold Wave
- Hurricane
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in New York County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,458 | $89,496 |
| Home Insurance * | $508 | $6,096 |
| Property Taxes | $872 | $10,464 |
| Electricity | $264 | $3,172 |
| Total | $9,102 | $109,224 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-18 | Price change | $1,475,000 |
| 2026-05-17 | Listed for sale | $1,575,000 |
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