NOT LISTED FOR SALE

520 W 28th St Unit 16 New York, NY 10001

Chelsea Neighborhood

Estimated Value: $7,032,000 - $8,010,000

3 Beds
4 Baths
2,924 Sq Ft
$5,482/mo HOA Fee

Last Sold June 22, 2020

Last sale price $7,595,000 $2,597 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $50,129/month

1,483 Days on Market

Highlights

  • New Construction
  • Pre War Building
  • Eat-In Kitchen
  • P.S. 33 Chelsea Prep Rated A
  • Balcony
  • 3-minute walk to Chelsea Park

About This Home

As of June 2020

RESIDENCE 16 is a distinctive three-bedroom home of 2924 square feet with exposures south, east, and west as well as two private balconies. The oversized Great Room measures over 650 square feet with a signature curve window that reflects the exterior design. A separate family room opens onto an extraordinary kitchen designed by Zaha Hadid in collaboration with Boffi, boasting a sculptural marble-clad island and Gaggenau appliances. The generous master suite features large closets, and a windowed bathroom with dramatic black marble feature wall with free-standing bathtub. Oversized motorized windows, ceiling heights up to 107, a powder room for guests, full utility room, dedicated service entrance and sculptural architectural element designed by Zaha Hadid make this a one-of-kind property. 520 WEST 28TH BY ZAHA HADID. Located directly on the High Line in West Chelsea - the center of New Yorks art world. The Related Companies has commissioned Pritzker Prize winning; Zaha Hadid Architects to create 39 unique residences that embody her world-renowned design vision. The buildings elegant hand-rubbed metal faade articulates Hadids sculptural design while floor-to-ceiling glass walls create expansive and unique living areas. All residences have access to a full suite of curated amenities including full-time concierge, doorman, Luxury Attach lifestyle services and hand-delivered mail. Leisure amenities include the Citys first private IMAX theater and entertaining suite with events terrace. The wellness level features a 75-foot saline system sky lit swimming pool, fitness center, reservable private spa suite with sauna, steam room, whirlpool, cold plunge, waterfall showers and massage beds. Additional features include automated robotic parking and storage vaults with a private viewing room. Exclusive marketing and sales agents: Related Sales & Corcoran Sunshine Marketing Group. The complete offering terms are in an offering plan available from the Sponsor. File No. CD14-0111. Sponsor: 28th Highline Associates, L.L.C., c/o The Related Companies, L.P., 60 Columbus Circle, New York, New York 10023.

Last Agent to Sell the Property

Steven Gold

Corcoran Group License #10301217491 Listed on: 02/17/2016

Corcoran Group

Co-Listed By

Peter Zaitzeff

Serhant License #10401213769

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $63,060

Lot Details

  • 0.51

HOA Fees

  • $5,482 Monthly HOA Fees

Home Design

  • 2,924 Sq Ft Home
  • New Construction
  • Pre War Building
  • Entry on the 9th floor

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Eat-In Kitchen
  • Balcony
  • Central Air

Community Details

  • 40 Units
  • Chelsea/Hudson Yards Subdivision
  • 25-Story Property

Listing and Financial Details

  • Tax Block 699

Property Details

Home Type

Condominium

Est. Annual Taxes

$63,060

Lot Details

0

HOA Fees

$5,482 per month

Listing Details

  • Exposures: East,South,West
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea/Hudson Yards
  • Architectural Style: Prewar
  • Entry Level: 9
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 25

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Living Area: 2924.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 4
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 5482.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 98.0 x 75.0

Building Info

  • New Construction: Yes
  • Units: 40
  • Total Stories: 25

Tax Info

  • Tax Block: 699
  • Tax Annual: 63060.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2016
Closed on
Jun 12, 2020
Sold by
28Th Highline Associates Llc
Bought by
Ubikwiti Llc
Seller's Agent
Steven Gold
Corcoran Group
List Price
$8,975,000
Sold Price
$7,595,000
Premium/Discount to List
-$1,380,000
-15.38%
Current Estimated Value
$7,372,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$222,847
Avg. Annual Appreciation
-0.56%
Original Mortgage
$5,000,000
Outstanding Balance
$4,432,117
Interest Rate
3.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,940,036
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Ubikwiti Llc $6,850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ubikwiti Llc $5,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2020 06/22/20 Sold $7,595,000 -15.4% $2,597 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
02/17/2016 02/17/16 For Sale $8,975,000 -- $3,069 / 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 $66,274 $539,855 $150,350 $389,505
2024 $66,274 $530,111 $150,350 $379,761
2023 $66,661 $533,204 $150,350 $382,854
2022 $66,022 $583,052 $150,350 $432,702
2021 $60,715 $494,942 $150,350 $344,592
2020 $66,655 $547,962 $150,350 $397,612
2019 $66,193 $535,641 $150,350 $385,291
2018 $63,920 $529,459 $150,350 $379,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10606500

Real Estate Board of New York (REBNY)

APN: 0699-1318