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Rent/Lease Apartment 425-445 W 23rd St

Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 425-445 W 23rd St. This trend is projected to continue. Opportunities for subleases remain available at 425-445 W 23rd St and in the nearby Chelsea neighborhood.

Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

425-445 W 23rd St Property Overview

Building Address: 425-445 W 23rd St, New York NY 10011
Building Name: London Terrace Gardens
Zip Code:10011
Neighborhood:Chelsea
Borough:Manhattan
Stories:0
Year Built:1934
Building Class:B

425-445 W 23rd St, situated in the Chelsea neighborhood of Manhattan, New York City, is a significant part of New York's history. The buildings, known as London Terrace Gardens, were constructed during the pre-war era. 425 W 23rd St is a 17-story rental building with 921 units, completed in 1934. It features amenities such as an elevator and concierge service, and pets are allowed. 445 W 23rd St is a 16-story building built in 1930, also offering elevator service, a concierge, and pet-friendly accommodations. Both buildings are part of a larger complex that has contributed to the architectural landscape of West Chelsea.

425-445 West 23rd Street, Manhattan, NYC

Located in the Chelsea neighborhood, this area includes both residential and office spaces.

Address Details

425 W 23rd St: Known as London Terrace Gardens, this building was built in 1930 and features 16 stories with doorman service. It offers a mix of classic and modern living spaces.

445 W 23rd St: This building offers studio to one-bedroom apartments with various amenities, including hardwood floors and renovated kitchens. It is known for its prime location in Chelsea.

Neighborhood Highlights

Chelsea is a vibrant neighborhood known for its art galleries, restaurants, and access to the High Line. Both addresses enjoy excellent transit options with a transit score of 100 and a walk score of 98.


Amenities at London Terrace Gardens:

  • 24-hour full-service concierge
  • 24-hour doorman
  • On-site 24-hour attended parking garage
  • Heat, gas, water, and electric included
  • State-of-the-art fitness center
  • Brand new resident lounge
  • Storage available
  • Bike room
  • Pets allowed
  • Common outdoor space and gardens
  • Elevator

425-445 W 23rd St, Manhattan, NYC, offers both residential and office spaces. The residential part of this area, particularly London Terrace Gardens at 425 West 23rd Street, features pre-war rentals with modern amenities like a state-of-the-art fitness center and a brand-new resident lounge. These residences include studio to three-bedroom units with fine oak hardwood floors and significant closet space.

For the office space, it is categorized as Class B with a total of 975,170 square feet available for rent. The area is well-connected to various transit options and local amenities such as Chelsea Market, Whole Foods, and the High Line Park.


Internet providers available near 425-445 W 23rd St in Manhattan, NYC, include:

  • Spectrum: Offers cable internet with speeds up to 1 Gbps. Spectrum has a store located at 43 W 23rd St, New York, NY 10010.
  • Optimum: Provides cable and fiber internet with speeds up to 8 Gbps.
  • Verizon: Features 5G internet and fiber with speeds up to 2.3 Gbps.
  • Astound Broadband Powered by RCN: Offers cable internet with speeds up to 1.5 Gbps.
  • Starry Internet: Provides fixed wireless internet with speeds up to 1 Gbps, though its service is limited to select areas.
  • T-Mobile Fiber: Offers fiber internet with nearly 99% availability in Manhattan but may not specifically cover every building.

These providers offer various plans and speeds, and availability might vary depending on the exact location within the building.


Transportation & Cross Streets: 425-445 W 23rd St, Chelsea, NYC

Nearest subway: 23rd Street Station (A, C, E lines) - 0.3 mi walk

Bus routes: Multiple nearby including M23-SBS (crosses 23rd St crosstown)

Cross streets: Between 9th and 10th Avenues (exact numbering varies)

Walk Score: 98/100 (Walker's Paradise)

Transit Score: 100/100 (Rider's Paradise)

Nearby landmarks: Chelsea Market, High Line Park, Chelsea Piers

Nearby Office Tenants Leased
  • Looker Data Sciences, Inc. leased 33,000 SF at 40 West 25th St
  • Restoration Hardware leased 31,874 SF at 437 West 16th St
  • Infor leased 31,500 SF at 641 Sixth Ave
  • The Epoch Times leased 30,267 SF at 229 West 28th St
  • Swedish Institute leased 30,000 SF at 151 West 26th St
  • Alibaba leased 30,000 SF at 860 Washington Street
  • FXFowle Architects leased 27,300 SF at 22 West 19th St
  • Project Worldwide Inc leased 27,178 SF at 412 West 15th Street
  • Alice & Olivia By Stacey B… leased 27,100 SF at 450 West 14th St
  • Riskified leased 27,000 SF at 220 Fifth Avenue
Nearby Retail Tenants Leased
  • Philippe Massoud restaurant leased 5,000 SF at 236 Fifth Ave
  • Fig & Olive leased 5,000 SF at 416 West 13th St
  • Dalup NYC 1 leased 4,955 SF at 350 Seventh Avenue
  • Lumas leased 4,850 SF at 875 Washington Street
  • World of Beer leased 4,500 SF at 260 West 26th St
  • Thursday Boots leased 4,300 SF at 48 West 21st Street
  • Jarick Collections leased 4,200 SF at 426 West 14th Street
  • Nesso Management leased 4,200 SF at 49 West 24th St
  • Isabel Marant leased 4,070 SF at 210 11th Avenue
  • Callen-Lorde leased 4,069 SF at 155 West 19th Street

Nothing else matters Software Testimonial

Nothing else matters Software testimonial To whom it may concern: I am writing to recommend Stephen Sunderland and Optimal Spaces Inc. based on the excellent job they did assisting us in finding a lease at 215 Park Avenue South. They were fast and efficient in locating spaces that met our requirements and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted. I look forward to working with the team at Optimal Spaces Inc. again. Very truly yours, Donald H. Rutherford CFO

Office Buildings in Chelsea