131 W 28th Street #2A
About This Property
Seize this rare chance to own an authentic loft in New York City's vibrant Flower District! This south-facing loft is bathed in natural light all day long, thanks to its stunning arched windows and 10' ceilings. Embodying its historic charm, the open-plan design includes a gourmet chef's kitchen equipped with top-of-the-line appliances including a Kitchen Aid gas oven range, a Bosch 24" dishwasher, a Liebherr refrigerator, and fully fitted cabinets.
Through French doors, the spacious bedroom includes a wall of closets.
The ensuite bathroom is a luxurious retreat, featuring hexagonal marble flooring, a large porcelain sink, a decorative mirror, and floor-to-ceiling tiling in the shower stall. A laundry room with stacked Bosch washer and dryer is conveniently annexed to the bathroom.
Additional highlights of this exceptional loft include:
- Rich hardwood oak flooring
- Classic tin ceilings
- Ample storage options
- Private dedicated basement storage and bike racks
Experience the perfect blend of historic elegance and modern convenience in this exquisite Flower District loft!
BUILDING
Garden Lofts is a charming pre-war cooperative building. Dating to 1909, it houses 22 lofts nestled in the heart of Chelsea's historic Flower District. This boutique residence ensures privacy and security with each floor accessed by a key-locked elevator. Residents benefit from the presence of a part-time superintendent and the modernized Butterfly entry system, which provides the convenience of remote access for guests and deliveries.
The cooperative is pet-friendly and allows for pieds-a-terre, gifting, guarantors, and co-purchasing, subject to board approval. With only two residences per landing, accessed via a keyed elevator, the Garden Lofts offers a sense of exclusivity and privacy. The building is impeccably maintained and enjoys a good financial position, reflecting its well-managed status.
Adding to the building's unique charm and providing income for operating expenses, the Associated Cut Flower Company, a longstanding tenant at street level, embodies the character and essence of the Chelsea Flower and Garden District.
NEIGHBORHOOD
New York City's Flower District is an historically rich neighborhood located in Midtown Manhattan. The district primarily spans West 28th Street between Sixth and Seventh Avenues. This unique area is renowned for its concentration of wholesale flower markets and garden supply stores, creating a colorful and fragrant atmosphere that sets it apart from the surrounding urban landscape. The Flower District's origins trace back to the late 19th and early 20th centuries when it began as a bustling market for flowers, plants, and horticultural supplies. Initially, vendors sold their goods from pushcarts and wagons, but as the demand for fresh flowers and plants grew, the area evolved into a more permanent market with storefronts and wholesale businesses.
This centrally located neighborhood is vibrant and lively, surrounded by Whole Foods, the Ace Hotel, art galleries, NoMad restaurants, shopping, and a plethora of entertainment options. Excellent transportation links provide easy access in every direction, making Garden Lofts a perfect spot for experiencing a comfortable, chic, urban loft lifestyle.
Please call to see his wonderful home today.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 14, 2025 | In contract | - | |
In contract | |||
Jun 10, 2024 | Listed by Sothebys International Realty | $1,125,000 | |
Listed by Sothebys International Realty |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/17/2021
|
2 Bed
|
1 Bath
|
-
|
$1,329,000
2 Bed
1 Bath
|
$1,329,000
01/11/2022
|
-
|
Brian Lewis
Halstead Property, LLC
| |
03/03/2020
|
3 Bed
|
2 Bath
|
2100 ft²
|
$2,800,000
3 Bed
2 Bath
2100 ft²
|
$2,200,000
-21.43%
01/20/2021
|
-
|
Antonia Chabrowski
Compass
| |
07/07/2016
|
1 Bed
|
1 Bath
|
-
|
$1,175,000
1 Bed
1 Bath
|
$1,175,000
02/05/2021
|
-
|
Laura Amin
Compass
| |
09/07/2015
|
1 Bed
|
1 Bath
|
900 ft²
|
$985,000
1 Bed
1 Bath
900 ft²
|
-
-
|
-
|
Grant Braswell
Compass
| |
06/25/2015
|
2 Bed
|
2 Bath
|
1300 ft²
|
$1,325,000
2 Bed
2 Bath
1300 ft²
|
$1,325,000
10/06/2015
|
-
|
Emily Stein
The Corcoran Group
| |
04/20/2015
|
2 Bed
|
2 Bath
|
1300 ft²
|
$1,295,000
2 Bed
2 Bath
1300 ft²
|
$1,300,000
+0.39%
08/17/2015
|
-
|
Frances Katzen
Douglas Elliman Real Estate
| |
09/21/2013
|
1 Bed
|
1 Bath
|
900 ft²
|
$925,000
1 Bed
1 Bath
900 ft²
|
-
-
|
-
|
Mark Kennedy
Elliman
| |
01/24/2013
|
1 Bed
|
1 Bath
|
900 ft²
|
$840,000
1 Bed
1 Bath
900 ft²
|
$840,000
02/05/2021
|
-
|
Daren Mactavish
Douglas Elliman Real Estate
|
Building Info
- 25 Units
- 1 Unit for Sale
