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 areaperfect 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, 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 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.
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.
Apartment for rent
$19,000/mo
131 W 24th St, New York, NY 10011
5beds
4,200sqft
Price may not include required fees and charges.
Apartment
Available Thu Jan 1 2026
Cats, dogs OK
Central air
In unit laundry
-- Parking
-- Heating
What's special
Grand south-facing kitchenNatural lightQueen-sized guest bedroomsWalk-in closetPrimary suiteBeautifully appointed libraryExpansive retractable projection screen
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Travel times
Looking to buy when your lease ends?
Consider a first-time homebuyer savings account designed to grow your down payment with up to a 6% match & a competitive APY.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Washer
- Laundry: In Unit
Features
- Elevator, View, Walk In Closet
- Flooring: Hardwood
- Furnished: Yes
Interior area
- Total interior livable area: 4,200 sqft
Property
Parking
- Details: Contact manager
Features
- Exterior features: Bicycle storage, Broker Exclusive, Cable not included in rent, Electricity not included in rent, Fios Available, Gas not included in rent, Internet not included in rent, Locker Cage, Walk In Closet
- Has view: Yes
- View description: City View
Details
- Parcel number: 008000022
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
Building
Management
- Pets allowed: Yes
Community & HOA
Location
- Region: New York
Financial & listing details
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2025 | Listed for rent | $19,000$5/sqft |
Source: Zillow Rentals | ||
| 10/24/2012 | Listing removed | $19,000$5/sqft |
Source: Charles Rutenberg, LLC | ||
| 9/24/2012 | Listed for rent | $19,000$5/sqft |
Source: Charles Rutenberg, LLC | ||

