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240 W 23rd St #3/4C, New York, NY, 10011

3beds
3baths
2,000sqft
$2,975,000
$1,488price/sqft
$18,159/moest. monthly cost
$726,360/yrincome needed

About This Home

Welcome to Residence 3/4C at The Arcadia, a rare duplex co-op blending classic Chelsea charm with thoughtful modern updates in a boutique prewar building. Spanning two beautifully laid out levels, this 3-bedroom, 2.5-bathroom home offers generous proportions, architectural character, and exceptional functionality in the heart of Chelsea. Enter through a dramatic arched foyer that opens into an expansive entertaining space featuring exposed brick and custom built-in bookshelves that bring warmth and texture to the oversized living room. The open kitchen is designed for both everyday living and entertaining, anchored by a distinctive circular island and outfitted with a dishwasher and abundant prep space. The adjacent dining area flows seamlessly into the living room, creating an inviting layout ideal for hosting. An elegant spiral staircase in the foyer leads upstairs to the private bedroom level above. Upstairs, all three bedrooms are thoughtfully separated from the main level. The spacious primary suite includes a walk-in closet with an in-unit washer/dryer for added convenience, while the additional bedrooms offer flexibility for guests, home offices, or growing needs. Two full baths upstairs and a powder room on the main level complete the home. Originally constructed in 1899, The Arcadia is an intimate, well-maintained cooperative comprised of just 21 residences. Amenities include a key-locked elevator, app-based video intercom system, full-time superintendent, laundry room, private storage and bike storage, plus a beautifully furnished common roof deck. Perfectly positioned at 240 West 23rd Street, residents enjoy immediate access to the best of Chelsea’s dining, shopping, galleries, and transportation.

Getting Around

99
WalkingWalker's Paradise
100
TransitRider's Paradise
95
BikeBiker's Paradise

Schools

4/10
Middle 297Grades 6-81.1 mi

Construction

Condition

  • Year built: 1920

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

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 2,000
  • Total interior livable area: 2,000 sqft

Property

Details

  • Special condition: Resale

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
    Inland FloodingVery High
  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Heat Wave
Cold Wave
Hurricane
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

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

MonthlyAnnual
Mortgage $15,043$180,516
Home Insurance *$1,026$12,312
Property Taxes $1,760$21,120
Electricity $330$3,966
Total$18,159$217,908
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$622,594/yr
40% on housing$544,770/yr
45% on housing$484,240/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

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.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,488This listing

vs Other Active Listings

Avg $/sqft

ZIP 10011$1,883
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10011$1,286
New York County$1,203

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

DateEventPrice
2026-08-05Price change$16,000
2026-07-09Listed for rent$17,500
2026-05-28Listed for sale$2,975,000

For Sale by Agent

AgentEdward Freiberg
BrokerageCompass

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