Listing Courtesy of Nest Seekers LLC
$21,500,000
Potential Rebate: $322,500
448 West 23rd Street - An Heirloom in the Making As with all deeply gratifying endeavors, creating an heirloom is an intimate, intricate, and transformative process. Whether carved from stone, shaped in wood, forged in metal, or cut from the rarest gem, its beauty and value are determined first by its innate qualities, and then by the imagination and skill of its creator. True heirlooms transcend time- defined not only by their craftsmanship but by the harmony of space, light, and texture that allows them to live on as part of a family’s story. So it is with 448 West 23rd Street, an exquisite Italianate townhouse in the Chelsea Historic District, a block and a half from the High Line. Commissioned by Max Schwerin in 1856, this five-story, 27-foot-wide brownstone is not simply a home; it is a rare opportunity to create a legacy. Spanning nearly 10,000 square feet on a 2,683-square-foot lot, the residence offers boundless possibilities for reimagining 19th-century elegance into a modern heirloom of architectural significance. Its stately fac¸ade—marked by segmental-arched window enframements on delicate brackets and an elaborate Italianate cornice—stands as a testament to the artistry of its era. The carved and paneled double entrance doors, miraculously preserved, combined with the only remaining stoop on West 23rd Street, set it apart as a singular jewel in Chelsea’s crown. Inside, soaring ceilings, intricate original details, and baronial rooms await transformation. Imagine a grand parlor with floor-to-ceiling windows; a gourmet kitchen flowing into a serene Japanese garden; multiple en-suite bedrooms crowned by a private roof terrace with panoramic views of Downtown Manhattan. Like the finest heirlooms, the house carries its historic splendor forward while inviting the refinement, indulgence, and comfort of contemporary living. Chelsea itself provides the perfect backdrop. Once envisioned by Clement Clarke Moore as an enclave of distinction, the neighborhood today thrives as a cultural epicenter: the High Line’s elevated gardens, Chelsea Market’s global flavors, and more than 200 art galleries give life to a vibrant community. For discerning collectors of architecture and history, 448 West 23rd Street is more than a residence—it is a living heirloom. A chance to craft a home where legacy is preserved, beauty is redefined, and history is given new life in one of New York’s most coveted neighborhoods.
$115,890 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$322,500
Monthly savings impact
$896/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Nest Seekers LLC
Data Source: TRESTLE #RLS20050718

Compare average listing prices and value metrics for 448 West 23rd Street against the surrounding Chelsea market.
than the Chelsea price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Chelsea.
Chelsea is a cultural powerhouse. Known for its hundreds of art galleries, the High Line, and beautiful brownstone streets.
\nA mix of historic townhouses, pre-war co-ops, and ultra-luxury condos near the High Line. Very expensive.
\nVibrant and diverse. The LGBTQ+ community has a strong historic presence. Chelsea Market draws foodies.
\nC/E, 1, and F/M trains serve the area. Penn Station is at the northern border.
\nThe High Line is the crown jewel. Chelsea Piers offers massive sports facilities.
\nBest for art lovers, active lifestyle enthusiasts, and those wanting a mix of historic and modern.

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