Property Detail

405 W 23rd St • London Terrace Towers
New York, NY 10011
Submarket:  Chelsea MF  County:  Manhattan
For more information, contact:
Samuel Rosenblatt (212) 564-6662 x202
P r o p e r t y  D e s c r i p t i o n
Property Type: Multi-Family Total Space Available: -
Secondary Type: Apartments Max Contig Space: -
Class: A Annual Rent: -
Building Size: 205,434 SF % Leased: -
Year Built: 1932 Typical Floor Size: 31,189 SF
Stories: 19 Elevators: -
Parcel No: 0721-1002, 0721-1007, 0721-7501
P r o p e r t y   H i g h l i g h t s

1/02: 5 retail stores owned as a condominium with co-op known as London Terrace. 7/99: The Scheuer family sold the 15 retail condos, 31,189 SF, for a total of $11 million. Insignia/ESG represented the seller in the transaction. Olmstead Properties purchased 5 units, approximately 4,000 SF. Ten retail occupants purchased their units including Sloan's Supermarket for 9,000 SF; La Traviata for 2,500 SF; Chase Manhattan Bank for 4,000 SF; US Post Office for 2,573 SF; London Terrace Pharmacy for 1,000 SF and London Terrace Liquor Store for 1,000 SF. Residential condo building with 15 retail condo units The bed-bath mix, unit counts and sizes are estimated based on information obtained through public record. The actual models and unit mix are still to be determined.

M a j o r  T e n a n t s
Gristede's FoodsGRNDRetailers/Wholesalers7%
Sloan's SupermarketGRNDRetailers/Wholesalers4%
Capital One Bank1Financial Institutions2%
F o r   M o r e   I n f o r m a t i o n   C o n t a c t     
Samuel Rosenblatt
Olmstead Properties, Inc.
575 Eighth Ave, Suite 2400
New York, NY 10018
(212) 564-6662 x202 (phone)
(212) 564-6667 (fax)

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