London Terrace Towers

405 West 23rd Street

Co-op
About

London Terrace Towers is a pre-war doorman co-op built in 1930 and designed by Farrar & Watmaugh and is composed of four corner buildings at Ninth and Tenth Avenues, containing approximately 710 apartments. The building numbers are 405 West 23rd Street, 465 West 23rd Street, 410 West 24th Street, and 470 West 24th Street. The mid-block buildings along 23rd and 24th Streets are known as London Terrace Gardens and, although built at the same time, are managed separately. The following description appears in the American Institute to Architects Guide to New York City by Noval White/Elliot Willensky 1967, pg. 86 This vast buff brick pile, in proto-modern planar style with faintly Gothic verticality, is actually two rows of connected apartment buildings flanking a block-long private garden. The name comes from a row of four-story houses that once stretched along the same 23rd Street frontages, facing the 18th Century Clarke mansion. When the building first opened, the doormen were dressed as if in London as a play on the name. 


Quik Park has a location at 431 West 23rd which can be accessed from the 23rd side as well at the 24th/10th ave side.

BROKER SPECIALIST:

Douglas Elliman Real Estate
Bruce Wayne Solomon
bwsolomon@elliman.com
212.350.2295

https://www.elliman.com/real-estate-agent/listings/sale/bruce-wayne-solomon/3014


Applications
London Terrace Towers - Sale (O)
London Terrace Towers - Sublease (O)
London Terrace Towers - Transfer
London Terrace Towers - Refinance
Building Policies
  • Co-purchase Allowed
  • Gifts Allowed
  • Pied-a-Terre Allowed
  • Subleasing is permitted - a monthly sublease fee in the amount of 15% of the monthly maintenance will be charged to the shareholder's maintenance account for the duration of any sublease
  • All sales are subject to a 2% Transfer Fee split equally between buyer and seller
Property Contacts
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Documents

Building By Laws

By-laws - London Terrace To... $50.00 12/18/17

Building Financials

2014 FS - CONDO - London Te... $50.00 09/29/17
2014 FS - COOP - London Ter... $50.00 09/29/17
2015 FS - CONDO - London Te... $50.00 09/29/17
2015 FS - COOP - London Ter... $50.00 09/29/17
2016 FS - CONDO - London Te... $50.00 09/29/17
2016 FS - COOP - London Ter... $50.00 09/29/17

Building Offering Plan And Amendments

Offering Plan and Amendment... $250.00 02/21/18
49th Amendment - London Ter... $50.00 02/07/18
Amendments 1 - 49 - London ... $150.00 01/24/18
Offering Plan ONLY - London... $150.00 02/21/18

Building Proprietary Lease

Proprietary Lease - London ... $50.00 12/13/17
Fees

Co-Op Sale

  • Buyer
    Credit Report Fee
    $200 per Applicant
    Submission
  • Buyer
    Processing Fee
    $350
    Submission
  • Seller
    Lead Based Paint Disclosure Fee
    $75
    Submission
  • Buyer
    Financing Fee
    $300 if financing
    Closing
  • Buyer
    Transfer Fee
    an amount equivalent to 1% of the purchase price
    Closing
  • Seller
    Closing Fee
    $700 ($750 without a Broker) plus $0.05 per share
    Closing
  • Seller
    Transfer Fee
    an amount equivalent to 1% of the purchase price
    Closing

Co-Op Sublet

  • Shareholder
    Lead Based Paint Disclosure Fee
    $75
    Submission
  • Subtenant
    Credit Report Fee
    $200 per Applicant
    Submission
  • Subtenant
    Sublet Application Fee
    $500
    Submission
  • Shareholder
    Sublet Fee
    15% of monthly maintenance to be billed monthly
    Upon Approval

Refinance

  • Owner
    Processing Fee
    $400
    Submission

Transfer

  • Buyer
    Co-op Attorney Fee
    TBD (if applicable)
    Submission
  • Buyer
    Credit Report Fee
    $200 per applicant
    Submission
  • Buyer
    Transfer Fee
    TBD (if applicable)
    Submission
  • Buyer
    Processing Fee
    $1000 plus $0.05 per share for stock transfer stamps
    Closing
Property Management
Property managed by:
2017 de primary rgb propertymgmnt
All building information and documentation provided by property management.
02/21/18
Total Fees: 34

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Disclaimer: All information regarding or relating to the property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omissions or change.