$20,207,500
SOLD SEP 18, 2020

520 W 28th St Unit PH37 New York, NY 10001

Chelsea Neighborhood
5 Beds
6.5 Baths
6,853 Sq Ft
$14,917/mo HOA Fee

Recently Sold

$2,949 Per Sq Ft

60% Below List Price

701 Days on Market

Highlights

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

About This Home

As of September 2020

This spectacular penthouse has the truly rare combination of architectural integrity, incredible indoor/outdoor entertaining options, and a special location ? all in a first class boutique private building with pool, spa, IMAX and robotic parking.

Designed inside and out by Dame Zaha Hadid, this three-level penthouse is united by a three-level sculptural stair alongside a private internal elevator. The roof level includes a 2000-square foot terrace wrapping around an interior lounge and pavilion, with views of the Chelsea skyline, The High Line and the Empire State Building, making it the perfect venue for cocktails for 100 or a relaxing Sunday at home. There is also potential to create a pool or hot tub on this level.

The middle level hosts a 1250-square foot Great Room with walls of glass, views in three directions, private balcony and fireplace, in addition to a library/office and media room, windowed eat-in kitchen by Boffi with Gaggenau appliances, and an en-suite bedroom.

The family level includes a luxurious master suite with its own balcony, generous dressing room and closet space, and dual master baths. Also present on this floor are three additional bedroom suites, utility room and wet bar.

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 ready for your art collection. There is potential to combine the neighboring PH for a combined total of 11,121 sq.ft. interior with 3,892-square foot wrap terrace.

Located directly on the High Line in West Chelsea - the center of New York?s art world - 520 West 28th is just moments from Avenues School, Hudson River Park, the forthcoming 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 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 Attaché 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

Peter Zaitzeff

Serhant License #10401213769 Listed on: 10/30/2018

Serhant

Co-Listed By

Julie Pham

Compass License #30PH1054919

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $168,504

Year Built

  • 2016

HOA Fees

  • $14,917 Monthly HOA Fees

Home Design

  • 6,853 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Terrace

Additional Features

  • Eat-In Kitchen
  • Central Air

Listing and Financial Details

  • Tax Block 699

Community Details

Overview

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

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$168,504

Year Built

2016

Lot Details

0

HOA Fees

$14,917 per month

Listing Details

  • Exposures: East,North,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Chelsea/Hudson Yards
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 25
  • Year Built: 2016

Interior Features

  • Interior Features: Eat-in Kitchen
  • Appliances: Dryer, Washer
  • Living Area: 6853.0
  • Living Area Units: Square Feet
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Bathrooms Integer: 7
  • Bedrooms: 5

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 14917.0
  • 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: 168504.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2018
Closed on
Sep 18, 2020
Sold by
28Th Highline Associates Llc
Bought by
Rock Springs Arete Llc
Seller's Agent
Peter Zaitzeff
Serhant
List Price
$50,000,000
Sold Price
$20,207,500
Premium/Discount to List
-$29,792,500
-59.58%
Total Days on Market
701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.17%
Original Mortgage
$15,000,000
Outstanding Balance
$13,491,572
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
-$1,937,668
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $20,207,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $15,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $35,000,000 +73.2% $5,107 / Sq Ft
09/18/2020 09/18/20 Sold $20,207,500 0.0% $2,949 / Sq Ft
03/18/2019 03/18/19 Off Market $20,207,500 -- --
10/15/2018 10/15/18 For Sale $50,000,000 -- $7,296 / 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
2024 $166,845 $1,334,547 $378,503 $956,044
2023 $167,819 $1,342,336 $378,503 $963,833
2022 $166,210 $1,467,824 $378,503 $1,089,321
2021 $152,848 $1,246,009 $378,503 $867,506
2020 $167,803 $1,379,486 $378,503 $1,000,983
2019 $166,641 $1,348,469 $378,503 $969,966
2018 $160,919 $1,332,905 $378,503 $954,402
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10613746

Real Estate Board of New York (REBNY)

APN: 0699-1339