540 W 28TH Street #8G
About This Property
The building is renowned for its high level of amenities and service including 24 hour doorman, beautifully renovated lobby, spectacularly landscaped roof terrace with newly renovated wet bar and grill, quiet courtyard garden, cold storage and state of the art gym. Enjoy the new cultural heart of downtown: major global contemporary art galleries, The Shed, Michelin-rated restaurants, and the celebrated High Line and Hudson Yards. Whole Foods is only 2 blocks away. The nearby 7 train, Hudson River Park, Hudson Yards, HighLine Park, Equinox Flagship and hotel, Pendry Hotel, Manhattan West and amazing restaurants make this one of the hottest neighborhoods in the city. This is a fantastic investment property in a neighborhood that continues to expand as a business home base to many major global industries. Two short blocks to west 30th street heliport with direct access to all major airports.
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What does this mean?
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 |
---|---|---|---|
Aug 6, 2024 | Sold | ||
Sold | |||
Jul 2, 2024 | In contract | - | |
In contract | |||
Jun 10, 2024 | Price Decreased |
$789,000
↓ $61K
(7.2%) | |
Price Decreased | |||
Apr 29, 2024 | Price Decreased |
$850,000
↓ $45K
(5%) | |
Price Decreased | |||
Feb 28, 2024 | Listed by Corcoran Group | $895,000 | |
Listed by Corcoran Group |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/03/2024
|
3 Bed
|
3 Bath
|
1570 ft²
|
$3,095,000
3 Bed
3 Bath
1570 ft²
|
$2,800,000
-9.53%
03/20/2025
|
-
|
Frederico Gouveia
New York Casas Ltd
| |
05/29/2024
|
1 Bed
|
1 Bath
|
781 ft²
|
$1,325,000
1 Bed
1 Bath
781 ft²
|
$1,240,000
-6.42%
03/21/2025
|
-
|
Michelle King
The Corcoran Group
| |
04/30/2024
|
1 Bed
|
1 Bath
|
896 ft²
|
$1,668,000
1 Bed
1 Bath
896 ft²
|
$1,590,000
-4.68%
07/08/2024
|
-
|
Fiona Tran
ALIGNMENT RE LLC
| |
02/28/2024
|
2 Bed
|
2 Bath
|
1181 ft²
|
$1,895,000
2 Bed
2 Bath
1181 ft²
|
$1,800,000
-5.01%
11/22/2024
|
-
|
James Morgan
Compass
| |
02/28/2024
|
Studio
|
1 Bath
|
445 ft²
|
$895,000
Studio
1 Bath
445 ft²
|
$780,000
-12.85%
08/06/2024
|
-
|
Philip Tabor
The Corcoran Group
| |
02/05/2024
|
1 Bed
|
1 Bath
|
781 ft²
|
$1,200,000
1 Bed
1 Bath
781 ft²
|
$1,190,000
-0.83%
04/17/2025
|
-
|
Michael Franco
Compass
| |
01/25/2024
|
2 Bed
|
2 Bath
|
1380 ft²
|
$2,480,000
2 Bed
2 Bath
1380 ft²
|
$2,400,000
-3.23%
05/26/2024
|
-
|
Philip Tabor
The Corcoran Group
| |
10/19/2023
|
Studio
|
1 Bath
|
445 ft²
|
$699,000
Studio
1 Bath
445 ft²
|
$694,000
-0.72%
01/26/2024
|
Anna Hasapoglou
Douglas Elliman Real Estate
| ||
10/03/2023
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,275,000
1 Bed
1 Bath
729 ft²
|
$1,325,000
+3.92%
12/18/2023
|
Bettina Gochman
Douglas Elliman Real Estate
| ||
11/03/2022
|
2 Bed
|
2 Bath
|
1231 ft²
|
$2,325,000
2 Bed
2 Bath
1231 ft²
|
$2,100,000
-9.68%
06/15/2023
|
-
|
Philip Tabor
The Corcoran Group
| |
07/20/2022
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,315,000
1 Bed
1 Bath
729 ft²
|
$1,265,000
-3.80%
10/13/2022
|
Emily Stein
Corcoran Group
| ||
11/08/2021
|
1 Bed
|
1 Bath
|
716 ft²
|
$1,295,000
1 Bed
1 Bath
716 ft²
|
$1,255,000
-3.09%
02/14/2022
|
Melissa Vance
Sothebys International Realty
| ||
07/15/2021
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,195,000
1 Bed
1 Bath
741 ft²
|
$1,301,000
+8.87%
08/16/2021
|
Philip Tabor
Corcoran Group
| ||
06/11/2021
|
1 Bed
|
1 Bath
|
716 ft²
|
$1,275,000
1 Bed
1 Bath
716 ft²
|
$1,275,000
08/30/2021
|
Melissa Vance
Sothebys International Realty
| ||
04/26/2021
|
1 Bed
|
1 Bath
|
896 ft²
|
$1,450,000
1 Bed
1 Bath
896 ft²
|
$1,500,000
+3.45%
09/15/2021
|
Matthew B. Mackay
Douglas Elliman Real Estate
| ||
04/05/2021
|
2 Bed
|
2 Bath
|
1169 ft²
|
$1,750,000
2 Bed
2 Bath
1169 ft²
|
$1,625,000
-7.14%
07/07/2021
|
-
|
Andrea Yarrington
Corcoran Group
| |
03/25/2021
|
2 Bed
|
2 Bath
|
1245 ft²
|
$2,295,000
2 Bed
2 Bath
1245 ft²
|
$2,225,000
-3.05%
12/17/2021
|
- Private -
|
M Monica Novo
Douglas Elliman Real Estate
| |
03/24/2021
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,195,000
1 Bed
1 Bath
729 ft²
|
$1,180,000
-1.26%
08/17/2021
|
Peter Oliveri
Elegran LLC
| ||
01/18/2021
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,075,000
1 Bed
1 Bath
776 ft²
|
$1,050,000
-2.33%
04/26/2021
|
Brandon Trentham
Compass
| ||
10/09/2020
|
2 Bed
|
2 Bath
|
1380 ft²
|
$2,860,000
2 Bed
2 Bath
1380 ft²
|
$2,800,000
-2.10%
12/14/2020
|
Anthony Darrin Chin-Akers
Brown Harris Stevens Residential Sales LLC
| ||
09/16/2020
|
Studio
|
1 Bath
|
567 ft²
|
$885,000
Studio
1 Bath
567 ft²
|
$782,500
-11.58%
08/03/2021
|
Osvaldo Pina
R New York
| ||
05/29/2020
|
2 Bed
|
2 Bath
|
1169 ft²
|
$1,925,000
2 Bed
2 Bath
1169 ft²
|
$1,850,000
-3.90%
10/02/2020
|
Jill Camac
Compass
| ||
05/15/2019
|
2 Bed
|
2 Bath
|
1176 ft²
|
$1,850,000
2 Bed
2 Bath
1176 ft²
|
$1,700,000
-8.11%
11/04/2019
|
Philip Tabor
Corcoran Group
| ||
05/03/2019
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,095,000
1 Bed
1 Bath
776 ft²
|
$1,035,000
-5.48%
07/31/2019
|
Alexandra Mook
Maz Group NY LLC
| ||
11/16/2018
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,249,000
1 Bed
1 Bath
776 ft²
|
$1,125,000
-9.93%
06/25/2019
|
Christopher Kromer
Brown Harris Stevens Residential Sales LLC
| ||
05/30/2018
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
|
02/14/2018
|
2 Bed
|
2 Bath
|
1181 ft²
|
$1,800,000
2 Bed
2 Bath
1181 ft²
|
$1,725,000
-4.17%
08/30/2018
|
Nadia Bartolucci
Sothebys International Realty
| ||
01/31/2018
|
1 Bed
|
1 Bath
|
716 ft²
|
$1,350,000
1 Bed
1 Bath
716 ft²
|
$1,300,000
-3.70%
06/07/2018
|
Nadia Bartolucci
Sothebys International Realty
| ||
01/14/2018
|
2 Bed
|
2 Bath
|
1755 ft²
|
$3,350,000
2 Bed
2 Bath
1755 ft²
|
$3,450,000
+2.99%
03/09/2018
|
-
|
Philip Tabor
The Corcoran Group
| |
10/27/2017
|
Studio
|
1 Bath
|
567 ft²
|
$1,100,000
Studio
1 Bath
567 ft²
|
$855,000
-22.27%
07/20/2018
|
Nadia Bartolucci
Sothebys International Realty
| ||
07/29/2017
| |
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
|
-
|
06/09/2017
|
2 Bed
|
2 Bath
|
1755 ft²
|
$3,950,000
2 Bed
2 Bath
1755 ft²
|
-
-
|
-
|
Andrew W Anderson
Prudential Douglas Elliman Real Estate
| |
05/02/2017
|
2 Bed
|
2 Bath
|
1169 ft²
|
$1,995,000
2 Bed
2 Bath
1169 ft²
|
$1,900,000
-4.76%
10/27/2017
|
Clea Kornel
Compass
| ||
04/26/2017
|
2 Bed
|
2 Bath
|
1380 ft²
|
$2,995,000
2 Bed
2 Bath
1380 ft²
|
$2,900,000
-3.17%
08/11/2017
|
Philip Tabor
Corcoran Group
| ||
04/26/2017
|
1 Bed
|
1 Bath
|
765 ft²
|
$1,250,000
1 Bed
1 Bath
765 ft²
|
$1,145,000
-8.40%
09/20/2017
|
Paul Zweben
Douglas Elliman Real Estate
| ||
03/06/2017
|
1 Bed
|
1 Bath
|
716 ft²
|
$1,250,000
1 Bed
1 Bath
716 ft²
|
$1,255,000
+0.40%
05/12/2017
|
HAYIM NOMMAZ
Compass
| ||
01/24/2017
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,375,000
1 Bed
1 Bath
741 ft²
|
$1,300,000
-5.45%
08/04/2017
|
Susan DiLeo
Citi Habitats, Inc.
| ||
10/25/2016
|
3 Bed
|
2.5 Bath
|
1869 ft²
|
$4,300,000
3 Bed
2.5 Bath
1869 ft²
|
-
-
|
-
|
Nada Rizk
Brown Harris Stevens Residential Sales LLC
| |
10/05/2016
|
2 Bed
|
2 Bath
|
1231 ft²
|
$2,950,000
2 Bed
2 Bath
1231 ft²
|
$2,750,000
-6.78%
06/21/2017
|
-
|
Julie Pham
Corcoran Group
| |
09/09/2016
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,335,000
1 Bed
1 Bath
741 ft²
|
$1,280,000
-4.12%
01/19/2017
|
Adrian Noriega
CORE Group Marketing LLC
| ||
09/07/2016
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,199,000
1 Bed
1 Bath
741 ft²
|
$1,199,000
01/10/2017
|
Paul Zweben
Douglas Elliman Real Estate
| ||
09/02/2016
|
1 Bed
|
1 Bath
|
-
|
$1,385,000
1 Bed
1 Bath
|
-
-
|
-
|
-
| |
05/23/2016
|
2 Bed
|
2 Bath
|
-
|
$2,170,000
2 Bed
2 Bath
|
-
-
|
-
|
Toni Haber
Compass
| |
05/17/2016
|
1 Bed
|
1 Bath
|
765 ft²
|
$1,250,000
1 Bed
1 Bath
765 ft²
|
-
-
|
-
|
Paul Zweben
Prudential Douglas Elliman Real Estate
| |
05/12/2016
|
3 Bed
|
3 Bath
|
2371 ft²
|
$4,500,000
3 Bed
3 Bath
2371 ft²
|
-
-
|
-
|
Tyler Waywell
R New York
| |
05/12/2016
|
3 Bed
|
3 Bath
|
2371 ft²
|
$4,500,000
3 Bed
3 Bath
2371 ft²
|
-
-
|
-
|
Christian H. Wittmann
Halstead Property, LLC
| |
05/06/2016
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,395,000
1 Bed
1 Bath
729 ft²
|
-
03/01/2017
|
Toni Haber
Elliman
| ||
05/06/2016
|
Studio
|
1 Bath
|
445 ft²
|
$775,000
Studio
1 Bath
445 ft²
|
$750,000
-3.23%
07/29/2016
|
Toni Haber
Compass
| ||
03/29/2016
|
2 Bed
|
2 Bath
|
1474 ft²
|
$2,700,000
2 Bed
2 Bath
1474 ft²
|
$2,470,000
-8.52%
08/26/2016
|
Christopher Pomeroy
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
03/01/2016
|
Studio
|
1 Bath
|
567 ft²
|
$875,000
Studio
1 Bath
567 ft²
|
$865,000
-1.14%
06/07/2016
|
Matthew Pucker
Compass
| ||
10/29/2015
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,335,000
1 Bed
1 Bath
776 ft²
|
$1,275,000
-4.49%
03/14/2016
|
Arlene Shapiro
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
10/23/2015
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,395,000
1 Bed
1 Bath
729 ft²
|
$1,315,000
-5.73%
04/27/2016
|
HOLLY PARKER
Douglas Elliman Real Estate
| ||
09/18/2015
|
3 Bed
|
2.5 Bath
|
-
|
$4,300,000
3 Bed
2.5 Bath
|
-
-
|
-
|
Nada Rizk
Brown Harris Stevens Residential Sales LLC
| |
07/21/2015
|
2 Bed
|
2 Bath
|
1473 ft²
|
$3,100,000
2 Bed
2 Bath
1473 ft²
|
$2,700,000
-12.90%
12/18/2015
|
Maggie Marshall
Douglas Elliman Real Estate
| ||
04/09/2015
|
3 Bed
|
3 Bath
|
1570 ft²
|
$3,495,000
3 Bed
3 Bath
1570 ft²
|
$3,500,000
+0.14%
09/01/2016
|
-
|
Laura P
Douglas Elliman Real Estate
| |
03/15/2015
|
2 Bed
|
2 Bath
|
1181 ft²
|
$1,925,000
2 Bed
2 Bath
1181 ft²
|
$1,925,000
07/07/2015
|
Kirk Rundhaug
Compass
| ||
01/16/2015
|
2 Bed
|
2 Bath
|
1181 ft²
|
$1,915,000
2 Bed
2 Bath
1181 ft²
|
$1,910,000
-0.26%
02/24/2015
|
Mark Lynch
Douglas Elliman Real Estate
| ||
10/17/2014
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,325,000
1 Bed
1 Bath
776 ft²
|
$1,300,000
-1.89%
11/14/2014
|
Mark Lynch
Douglas Elliman Real Estate
| ||
09/29/2014
|
Studio
|
1 Bath
|
445 ft²
|
$750,000
Studio
1 Bath
445 ft²
|
$720,000
-4.00%
02/12/2015
|
Mark Lynch
Douglas Elliman Real Estate
| ||
09/08/2014
|
2 Bed
|
2 Bath
|
1245 ft²
|
$2,350,000
2 Bed
2 Bath
1245 ft²
|
$2,400,000
+2.13%
01/20/2015
|
Kris Kruse
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
08/12/2014
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,295,000
1 Bed
1 Bath
741 ft²
|
$1,250,000
-3.47%
09/30/2014
|
Mark Lynch
Douglas Elliman Real Estate
| ||
07/28/2014
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,310,000
1 Bed
1 Bath
776 ft²
|
$1,250,000
-4.58%
01/23/2015
|
Kirk Rundhaug
Compass
| ||
07/09/2014
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,325,000
1 Bed
1 Bath
776 ft²
|
$1,199,000
-9.51%
12/04/2014
|
Clayton Orrigo
Compass
| ||
04/29/2014
|
2 Bed
|
2 Bath
|
1181 ft²
|
$1,895,000
2 Bed
2 Bath
1181 ft²
|
$1,800,000
-5.01%
03/16/2015
|
Mark Lynch
Douglas Elliman Real Estate
| ||
04/29/2014
|
1 Bed
|
1 Bath
|
776 ft²
|
$1,325,000
1 Bed
1 Bath
776 ft²
|
$1,250,000
-5.66%
11/25/2014
|
Mark Lynch
Douglas Elliman Real Estate
| ||
04/29/2014
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,275,000
1 Bed
1 Bath
741 ft²
|
$1,200,000
-5.88%
09/04/2014
|
Mark Lynch
Douglas Elliman Real Estate
| ||
04/22/2014
|
2 Bed
|
2 Bath
|
1181 ft²
|
$1,900,000
2 Bed
2 Bath
1181 ft²
|
$1,800,000
-5.26%
05/09/2014
|
Dennis Mangone
Douglas Elliman Real Estate
| ||
03/25/2014
|
1 Bed
|
1 Bath
|
716 ft²
|
$1,250,000
1 Bed
1 Bath
716 ft²
|
$1,215,000
-2.80%
08/20/2014
|
Mark Lynch
Douglas Elliman Real Estate
| ||
03/04/2014
|
2 Bed
|
2 Bath
|
1161 ft²
|
$1,800,000
2 Bed
2 Bath
1161 ft²
|
$1,775,000
-1.39%
06/26/2014
|
Kirk Rundhaug
Compass
| ||
03/04/2014
|
2 Bed
|
2 Bath
|
1169 ft²
|
$1,825,000
2 Bed
2 Bath
1169 ft²
|
$1,755,000
-3.84%
05/09/2014
|
Kirk Rundhaug
Compass
| ||
02/12/2014
|
2 Bed
|
2 Bath
|
1231 ft²
|
$2,200,000
2 Bed
2 Bath
1231 ft²
|
$2,025,000
-7.95%
04/30/2014
|
-
|
Merope Lolis
The Corcoran Group
| |
01/27/2014
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,265,000
1 Bed
1 Bath
729 ft²
|
$1,150,000
-9.09%
03/21/2014
|
Kirk Rundhaug
Compass
| ||
01/16/2014
|
1 Bed
|
1 Bath
|
-
|
$1,295,000
1 Bed
1 Bath
|
$1,200,000
-7.34%
03/07/2014
|
Madeline Hult Elghanayan
Compass
| ||
01/10/2014
|
2 Bed
|
2 Bath
|
1161 ft²
|
$1,785,000
2 Bed
2 Bath
1161 ft²
|
$1,685,000
-5.60%
03/21/2014
|
Kirk Rundhaug
Compass
| ||
11/01/2013
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,280,000
1 Bed
1 Bath
729 ft²
|
$1,150,000
-10.16%
12/31/2013
|
Kirk Rundhaug
Compass
| ||
06/22/2013
|
1 Bed
|
1 Bath
|
729 ft²
|
$1,295,000
1 Bed
1 Bath
729 ft²
|
$1,100,000
-15.06%
01/29/2014
|
Kirk P. Rundhaug
Compass
| ||
06/22/2013
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,295,000
1 Bed
1 Bath
741 ft²
|
$1,095,000
-15.44%
01/21/2014
|
Dennis Mangone
Douglas Elliman Real Estate
| ||
09/20/2012
|
2 Bed
|
2 Bath
|
1473 ft²
|
$2,010,000
2 Bed
2 Bath
1473 ft²
|
$2,010,000
02/05/2021
|
-
|
Kirk Rundhaug
Compass
| |
09/20/2012
|
2 Bed
|
2 Bath
|
1380 ft²
|
$1,940,000
2 Bed
2 Bath
1380 ft²
|
$1,730,000
-10.82%
12/27/2012
|
Kirk Rundhaug
Elliman
| ||
09/20/2012
|
Studio
|
1 Bath
|
567 ft²
|
$790,000
Studio
1 Bath
567 ft²
|
$692,410
-12.35%
01/07/2013
|
Kirk Rundhaug
Elliman
| ||
09/20/2012
|
1 Bed
|
1 Bath
|
741 ft²
|
$1,020,000
1 Bed
1 Bath
741 ft²
|
$908,212
-10.96%
12/06/2012
|
Dennis Mangone
Elliman
| ||
09/20/2012
|
2 Bed
|
2 Bath
|
1380 ft²
|
$2,150,000
2 Bed
2 Bath
1380 ft²
|
-
10/23/2012
|
Elghanayan Hult
Elliman
| ||
08/02/2012
|
2 Bed
|
2 Bath
|
1169 ft²
|
$1,400,000
2 Bed
2 Bath
1169 ft²
|
$1,400,000
12/27/2012
|
Caroline U J Grane
Nest Seekers International
| ||
08/05/2008
|
Studio
|
1 Bath
|
567 ft²
|
$770,000
Studio
1 Bath
567 ft²
|
$770,000
05/31/2013
|
-
|
Dennis Mangone
The Corcoran Group
|
Building Info

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