131 West 24th Street, Unit 5/6
Description
The heart of this home is the breathtaking central living area that extends...This one-of-a-kind space is a available for rent, furnished or unfurnished. A piece of New York City history. This sprawling loft was once the home and dance studio of the late renowned choreographer Louis Falco of the 1980 motion picture 'Fame', and a legendary after-party destination for Studio 54. The 4,200 sq. ft. loft is spread over 2 full floors. Five bedrooms, 3 full bathrooms, and 3 separate living/entertaining spaces.
The heart of this home is the breathtaking central living area that extends into a secondary den. The ceilings soar to over 18 feet at the core of the loft with 4 large windows. Currently the space is enjoyed as a home theater with an expansive retractable projection screen, but is also ideal for creative gatherings or studio use.
The keyed elevator opens directly onto both floors. On the top floor, the doors open to the grand, south-facing kitchen, flooded with natural light, and a spacious dining and family room area—perfect for entertaining. Also included here is an in unit washer/dryer. On the opposite end of this level, across a cat-walk, is a beautifully appointed library, two queen-sized guest bedrooms, and a full bathroom.
On the lower level, the elevator opens to the south facing primary suite which includes a serene, spa-like bathroom, walk-in closet, and a home gym/yoga studio. There is also a 3rd guest bedroom with full bathroom, a den, and a sizable office/5th bedroom.
Situated in the heart of Chelsea, this home is surrounded by neighborhood favorites including Whole Foods, Fairway, Traders Joes, and Eataly. Also conveniently located near 10 subway lines and many iconic landmarks, including Madison Square Park, the Flatiron Building, the historic Chelsea Hotel, and the High Line. Whether you envision a grand loft home, a creative studio, or a hybrid work from home space, this architectural masterpiece offers limitless possibilities.
The intimate five unit co-op has a video intercom security system, and a bike room. Pets are allowed on a case-by-case basis.
Tenant responsible fees:
Application Fee:
$20 Credit check fee per applicant
Domecile Fees:
$120 Single-applicant initiation fee
$600 Application processing fee
$20 credit check fee per applicant
$1000 Refundable move in deposit
$65 Digital Submission fee
5% of total (excluding Digital Submission & Initiation Fees) app admin fee
One months rent and one months security deposit due at lease signing. Tenant responsible for monthly electric, gas, internet/cable utility fees.
Amenities
- Primary Ensuite
- Exposed Brick
- Private Entrance
- Hardwood Floors
- High Ceilings
- Oversized Windows
- Elevator
- Washer / Dryer
Property Details for 131 West 24th Street, Unit 5/6
| Status | Application Pending |
|---|---|
| Days on Market | 27 |
| Rental Incentives | No Fee |
| Available Date | 02/01/2026 |
| Lease Term | 12 months |
| Furnished | Fully Furnished |
| Total Rooms | 12.0 |
| Compass Type | Co-op |
| MLS Type | - |
| Year Built | 1901 |
| County | New York County |
Building
131 W 24th St
Location
Listing Courtesy of: .
Building Information for 131 West 24th Street, Unit 5/6
Property History for 131 West 24th Street, Unit 5/6
| Date | Event & Source | Price |
|---|---|---|
| 12/03/2025 | Application Pending Manual | — |
| 11/05/2025 | Listed (Active) Manual | $19,000 |
| 10/27/2012 | — | |
| 09/24/2012 | $19,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 131 West 24th Street, Unit 5/6
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
PS 11 Sarah J Garnett Elementary School (The) PublicPK to 5 | ||
Middle 297 Public6 to 8 | ||
Lower Manhattan Community Middle School Public6 to 8 | ||
Nyc Lab Ms For Collaborative Studies Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Neighborhood Map and Transit
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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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.