NOT LISTED FOR SALE

520 W 28th St Unit 5 New York, NY 10001

Chelsea Neighborhood

Estimated Value: $4,370,000 - $5,110,000

3 Beds
3.5 Baths
2,065 Sq Ft
$4,414/mo HOA Fee

Last Sold March 03, 2022

Last sale price $4,950,000 $2,397 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $33,222/month

1,466 Days on Market

Highlights

  • Newly Remodeled
  • Garage
  • 3-minute walk to Chelsea Park
  • P.S. 33 Chelsea Prep Rated A

About This Home

As of March 2022

A rare opportunity to own nearly 2100 square feet at Zaha Hadid?s 520 West 28th directly on the High Line.

Designed inside and out by Dame Zaha Hadid, this flexible residence has a perfect three-bedroom layout, but could be converted to an oversized two-bedroom with library/media room, or the ability to make an even larger living room.

A wide entry gallery leads to a nearly 500 square foot corner Great Room wrapped in glass with East and North exposures and beautiful open kitchen by Boffi with Gaggenau appliances. The three bedrooms all have en-suite baths, ample closets and tree-top views.

The level of interior detailing is remarkable on every level, including features such as 10-foot wide motorized windows, distinctive curved window detailing, sculptural kitchen islands, high ceilings and custom wall-paneling designed for your art collection.

Located directly on the High Line in West Chelsea - the center of New York art world - 520 West 28th is just moments from Avenues School, Hudson River Park, Whole Foods, and the unique offering of cultural, shopping, dining and new parks at Hudson Yards.

With only 39 residences, this boutique property features an incredible package of amenities and services in a private setting with two separate elevator banks and secure off-street entry through a drive-in garage.

Leisure amenities include the City's first private IMAX theatre 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. Curated services include full-time concierge, doorman, Luxury Attache lifestyle services and hand-delivered mail.

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: 10/27/2017

Corcoran Group

Co-Listed By

Related Sales Corcoran Sunshine

Corcoran Sunshine Marketing Group License #A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $46,380

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 0.51

HOA Fees

  • $4,414 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 2,065 Sq Ft Home
  • Entry on the 4th floor

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Washer Dryer Allowed

Community Details

  • 40 Units
  • Chelsea Subdivision
  • 25-Story Property

Listing and Financial Details

  • Tax Block 0016

Property Details

Home Type

Condominium

Est. Annual Taxes

$46,380

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$4,414 per month

Listing Details

  • Cross Street: Tenth Avenue
  • Exposures: East,North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea
  • Entry Level: 4
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 25

Interior Features

  • Appliances: Washer Dryer Allowed
  • Living Area: 2065.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4414.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 40
  • Total Stories: 25
  • Year Built: 2017

Tax Info

  • Tax Block: 0016
  • Tax Annual: 46380.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2017
Closed on
Mar 3, 2022
Sold by
28Th Highline Associates Llc
Bought by
Burkard Schmitt 2002 Living Trust Dated and Burkard Schmitt, As Trustee
Seller's Agent
Steven Gold
Corcoran Group
List Price
$6,450,000
Sold Price
$4,950,000
Premium/Discount to List
-$1,500,000
-23.26%
Current Estimated Value
$4,725,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$224,198
Avg. Annual Appreciation
-1.27%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Burkard Schmitt 2002 Living Trust Dated $4,500,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2022 03/03/22 Sold $4,950,000 +28185.7% $2,397 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
06/06/2019 06/06/19 Rented -- -- --
05/07/2019 05/07/19 Under Contract -- -- --
03/08/2019 03/08/19 For Rent $17,500 0.0% --
10/27/2017 10/27/17 For Sale $6,450,000 -- $3,123 / 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 $45,927 $374,108 $104,189 $269,919
2024 $45,927 $367,356 $104,189 $263,167
2023 $46,195 $369,499 $104,189 $265,310
2022 $45,752 $404,043 $104,189 $299,854
2021 $42,074 $342,985 $104,189 $238,796
2020 $46,191 $379,727 $104,189 $275,538
2019 $45,871 $371,189 $104,189 $267,000
2018 $44,295 $366,904 $104,189 $262,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10906836

Real Estate Board of New York (REBNY)

APN: 0699-1307