London Terrace

London Terrace is a Co-op located 470 West 24th Street, in West Chelsea, New York. The building was first built in 1932 and is 92 years old. It was first renovated and altered in 1983. The official lot area is listed as 49,375 square feet. In total, 470 West 24th Street has a total floor area of 668,258 square feet. Of that, 616,965 square feet are used for residential purposes. About 51,293 square feet of the building are used for commercial purposes. There are a total of 731 units. Of those, 702 are residential units. There are twenty-nine commercial units. 470 West 24th Street has a total of 19 floors. Thankfully, the building is equipped with elevator service. Residents can access the two elevators in 470 West 24th Street.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 731 closings on record, of which we have matching data for 61 listings. In the past 3 years, a listing in this building will typically remain on the market for about 143 days and tend to sell below the original asking price of $1,135,000 by 95.65%. Meaning, listings tend to sell at a median of $1,290 price per square foot. The transaction that took the longest to complete was unit 3D, listed on Sep 11, 2019 for $1,075,000. This particular unit ultimately sold 364 days later for $995,000. The most recent transaction was for unit 6L, sold for $999,900 on Feb 23, 2024. Fun fact, the oldest transaction we have on record took place on Mar 22, 1978. See the full transaction history for London Terrace below.

West Chelsea, where 470 West 24th Street is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $1,135,000. For interested buyers, that means the building's median asking price is around 0.51% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There are currently 4 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,100,000. It is a 1 bedroom and 1 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $695,000. It is a studio and 1 bathroom unit. A breakdown of active listings shows 1 studio, 3 one-bedroom, units for sale! The median price of all the active units for sale in the building is $924,500. Active units for sale at 470 West 24th Street have a median count of 1 bedrooms and have a median count of 1 bathroom.