131 West 24th Street

4,200 Sq. Ft.
$1,024 / Sq. Ft.
4,200
Sq. Ft.
$1,024
per Sq. Ft.

Description

Back on the market / Deal fell through. 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 (with plenty of room for more), 3 full bathrooms (with plumbing in place for a 4th), and 3 separate living/entertaining spaces. This one-of-a-kind space is a true blank...Back on the market / Deal fell through. 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 (with plenty of room for more), 3 full bathrooms (with plumbing in place for a 4th), and 3 separate living/entertaining spaces. This one-of-a-kind space is a true blank canvas, with no structural walls. The new owner can enjoy the current layout as it is, or completely customize the layout to suit their vision. (See only 1 of endless options for an alternate floor plan on the listing).

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. The existing kitchen pantry is ready to be transformed into another full bath, or proper laundry room.

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, storage closet that transfers with the unit, and a bike room. The co-op also owns the ground floor commercial space which contributes to its financial stability and low monthly maintenance for its shareholders. Pets and sublets are allowed on a case-by-case basis.

This loft offers a potential total of approximately 4,800 square feet (2,400 per floor), including the 600-square-foot double-height living room. The current livable space is approximately 4,200 square feet.

Amenities

  • Primary Ensuite
  • Exposed Brick
  • Private Entrance
  • Hardwood Floors
  • High Ceilings
  • Oversized Windows
  • Elevator
  • Washer / Dryer
LISTING UPDATED: 01/01/2026 06:39 PM

Property Details for 131 West 24th Street

StatusActive
Days on Market118
Taxes-
Maintenance$4,200 / month
Min. Down Pymt20%
Total Rooms12.0
Compass TypeCo-op
MLS Type-
Year Built1901
CountyNew York County
Buyer's Agent Compensation2.5%

Building

131 W 24th St

6 Units7 StoriesBuilt in 1901

Location

Listing Courtesy of: .

Add your commute

Building Information for 131 West 24th Street

Building/Complex131 W 24th StFloor5 and 6Stories7Residences6Pet PolicyAllowedPet Policy Details-Year Built1901Building AgePre-war

Payment Calculator

$25,157 per month

30 year fixed, 6.15% Interest

Principal and Interest

$20,957

Property Taxes

$0

Maintenance/Common Charges

$4,200

The Payment Calculator is for illustrative purposes only.

Property History for 131 West 24th Street

DateEvent & SourcePriceAppreciation
Nov 5, 2025

Price Change

Manual

$4,300,000
Sep 18, 2025

Listed (Active)

Manual

$4,400,000
Jun 16, 2025

Contract Signed

Manual

Mar 25, 2025

Listed (Active)

Manual

$4,400,000
DateEvent & SourcePrice
11/05/2025

Price Change

Manual

$4,300,000
09/18/2025

Listed (Active)

Manual

$4,400,000
06/16/2025

Contract Signed

Manual

03/25/2025

Listed (Active)

Manual

$4,400,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 131 West 24th Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
Middle 297
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
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

Similar Homes

Similar Sold Homes

131 West 24th Street is a co-op for sale in Chelsea. This property was listed for sale on September 18, 2025 by Compass, it's currently listed at $4,300,000. This listing's school district is New York City Geographic District # 2. Nearby schools include PS 11 Sarah J Garnett Elementary School (The), Middle 297 and Nyc Lab Ms For Collaborative Studies. 131 West 24th Street is a 5-bed, 3-bath, 4,200 sqft co-op built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 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 2026, 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. ©2026 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.©2026 The Real Estate Board of New York, Inc., All rights reserved.