31 East 28th Street Flatiron District Apartment For Sale

Welcome to PHE - the Crown Jewel of The Parkwood. The duplex penthouse is the largest residence in the building, offering sophistication, privacy, and discretion to the discerning buyer.

The expansive penthouse features a private rooftop terrace, balcony (off the primary bedroom), skylight, atrium windows, and 11' ceilings. Upon entering the residence through the private elevator landing, one is welcomed by a gracious foyer that sets the stage for the luxurious living space. The south side of the residence is anchored by a Great Room measuring 21' x 20'. The room an abundance of sunlight from both south and east exposures. The windowed kitchen boasts lightly used and top-of-the-line appliances (pied-a-terre owners). The north side of the penthouse is connected by a 30' gallery which includes a new Bosch washer dryer. The spacious primary bedroom suite features a private balcony offering east and west exposures.

The pi ce de r sistance is the penthouse level which is highlighted by an impressive skylight and atrium windows along with a private rooftop terrace measuring approximately 12' x 22'. This level can be reconfigured as the primary bedroom suite or utilized as a media room.

The Parkwood is a 22-unit prewar condo built in 1913 with full-time doorman. It is ideally situated on 28th Street between Park Ave and Madison Ave. Nearby notables include Madison Square Park, The Clocktower, Gansevoort Park Hotel, Park South Hotel, Eleven Madison Ave, Eataly, Whole Foods, Sweetgreen, and Flywheel. Corporate neighbors include UBS, IMG Worldwide, New York Life, Sony, and Tiffany. The building is in close proximity to 6, R, W, Penn Station, and Grand Central.

A few data points to consider:

Asking - $1,574 PSF
Carrying costs - $2.56 PSF
Rental potential - $18,000
CAP rate - 3.4%