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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.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$19,000,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $15,200,000 | $15,200,000 | $15,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $85,116 | $92,357 | $127,242 |
| Total Monthly Payment | $85,241 | $92,482 | $127,367 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.