NOT LISTED FOR SALE

40 W 28th St New York, NY 10001

NoMad Neighborhood

Estimated Value: $14,087,890

-- Bed
-- Bath
10,500 Sq Ft
$1,342/Sq Ft Est. Value

Last Sold May 18, 2018

Last sale price $13,800,000 $1,314 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $95,496/month

95 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to 28 Street (N,R Line)
  • 5-minute walk to Madison Square Park
  • P.S. 33 Chelsea Prep Rated A

About This Home

As of May 2018

40 West 28th is a residential LOFT building with a commercial storefront and Residential lofts. All four full floor lofts have been gut renovated and are keyed elevator access directly into the lofts. These lofts have a very high rental possibility. Ground floor Commercial space. Absolutely stunningly restored façade. Building square foot exceeds 10,400ft with unused air rights that are about 14,000ft. All new kitchens, baths and elevator.

Last Agent to Sell the Property

Shawn Felker

Corcoran Group License #30FE0981164 Listed on: 01/11/2018

Corcoran Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $220,357

Year Built

  • Built in 1900

Lot Details

  • 2,483

Home Design

  • 10,500 Sq Ft Home
  • Pre War Building

Community Details

  • 5 Units
  • Chelsea Subdivision
  • 5-Story Property

Listing and Financial Details

  • Tax Block 829

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$220,357

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Cross Street: Broadway and 6th Ave
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: CHELSEA
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Living Area: 10500.0
  • Living Area Units: Square Feet

Garage/Parking

  • Garage: No

Building Info

  • Units: 5
  • Total Stories: 5
  • Year Built: 1900

Tax Info

  • Tax Block: 829

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2018
Closed on
May 17, 2018
Sold by
The Vlachos Family Partnership
Bought by
W28 Street Holding Llc
Seller's Agent
Shawn Felker
Corcoran Group
List Price
$14,995,000
Sold Price
$13,800,000
Premium/Discount to List
-$1,195,000
-7.97%
Current Estimated Value
$14,087,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,890
Avg. Annual Appreciation
0.35%

Purchase Details

Closed on
Jan 30, 2002
Sold by
Vlacos H Mitchell and Vlachos Richard
Bought by
Vlachos Family Partnersh
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
W28 Street Holding Llc $13,800,000 --
Vlachos Family Partnersh -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Vlachos Family Partnership $550,000
Previous Owner The Vlachos Family Partnership $1,360,000
Previous Owner The Vlachos Family Partnership $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2018 05/18/18 Sold $13,800,000 -8.0% $1,314 / Sq Ft
04/18/2018 04/18/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $14,995,000 -- $1,428 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $220,357 $1,903,576 $301,570 $1,602,006
2024 $220,357 $1,762,570 $405,000 $1,539,196
2023 $200,199 $1,632,010 $248,193 $1,383,817
2022 $199,496 $2,664,450 $405,000 $2,259,450
2021 $193,994 $2,131,650 $405,000 $1,726,650
2020 $182,641 $2,069,550 $405,000 $1,664,550
2019 $170,996 $1,724,760 $405,000 $1,319,760
2018 $159,673 $1,255,392 $353,742 $901,650
2017 $111,872 $1,265,850 $405,000 $860,850
2016 $105,243 $1,085,850 $405,000 $680,850
2015 $30,052 $955,800 $405,000 $550,800
2014 $30,052 $771,300 $405,000 $366,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Shawn Felker

    Corcoran Group

    (212) 891-7615

    27 Total Sales

    Section Image
See All Agents

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10466955

Real Estate Board of New York (REBNY)

APN: 0829-0066

New York New York County New York 10001 NoMad

40 W 28th St, New York, NY

This home is located at 40 W 28th St, New York, NY 10001 since 11 January 2018 and is currently estimated at $14,087,890, approximately $1,341 per square foot. This property was built in 1900. 40 W 28th St is a home located in New York County with nearby schools including P.S. 33 Chelsea Prep, Clinton School, and Middle School 297.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) 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.

RLS Data display by Homes.com LLC

Nearby Homes