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Listing Courtesy of Serhant
$8,895,000
Est. payment /mo
2 BD
3 BA
1,750 SqFt
Open Sun 12PM-1PM
25 W 28TH Street #42A Manhattan, NY 10001
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OPEN HOUSE
Sun Feb 23, 12:00pm - 1:00pm
UPDATED:
02/20/2025 03:09 AM
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $5,082
Subdivision Nomad
MLS Listing ID RLS11029481
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Fees $8,508/mo
HOA Y/N Yes
Year Built 2021
Property Sub-Type Condo
Property Description
25 West 28th Street, #PH42A Luxury investment property you can live in and earn over $850k in rental income, a 4.5% cap rate. The team at The Ritz-Carlton New York, Nomad rents your residence for you on a nightly when you're not in residence. 42A surpassed its 2023 year's rental income by 2.5 times its 2023 earnings. With 2025 primed to set even higher records, this is more than a home; it's an elite investment delivering unparalleled luxury and performance. In New York, we don't just dream big-we live larger. The time to make this yours is now. Owners of this penthouse will experience exclusive perks and breathtaking helicopter views that stretch across Lower Manhattan, the Statue of Liberty, the Empire State Building, and the East River. This lavish 2-bedroom, 2.5-bathroom sanctuary offers an unmatched living experience in the heart of the city. Don't just own a home-own the view, the lifestyle, and the legacy. The Ritz-Carlton New York, NoMad EXCLUSIVE Benefits: Ideal as a pied-a-terre property or an investment opportunity, owners have access to the penthouse for up to 120 nights a year and can appoint The Ritz-Carlton New York, NoMad to rent and manage the home and generate income when they are away. The building has legally circumvented local AirBnB laws and expertly markets and advertises the home to achieve some of the highest nightly rental rates in the city. Residents also have access to all the amenities and services of the famed Ritz-Carlton Hotel. These include renowned wellness and spa services, a state-of-the-art gym, event and lounge spaces, a rooftop bar, two restaurants, and in-room dining run by Michelin-star chef Jose Andres. Additionally, all the best restaurants, bars, cafes, and shops that The Ritz Carlton New York, NoMad has to offer are moments away. Penthouse Living Interiors are stunning in every way and can be delivered exquisitely furnished. Oversized picture windows let in an abundance of southern and eastern light, accentuating beautiful white oak floors, custom millwork, and soaring ceilings over 10 feet high. A state-of-the-art Lutron panel controls lighting and motorized drapes. The Poliform kitchen is adorned with an eat-in waterfall island, honed white quartzite countertops and backsplash, bronzed glass cabinetry with built-in LED lighting, and fully integrated Miele appliances. True Bedroom Suites The king-size primary suite has a wall of reach-in closets and a decadent en-suite bathroom with Bardiglio Nuvolato marble slab walls and floors, a carved Terrazzo double sink, acid-etched glass shower and water closet enclosures, a walk-in rainfall shower, and a deep Duravit soaking tub. The second bedroom suite can easily accommodate two double beds and has a reach-in closet and spa-like en-suite bathroom. A stacked Miele washer and dryer and a dedicated owners closet complete the home. The Ritz-Carlton New York, NoMad are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C. or its affiliates (Ritz-Carlton). RP 1185, LLC uses the Ritz-Carlton marks under license from The Ritz-Carlton Hotel Company L.L.C.
Location
State NY
County Newyork
Building/Complex Name The Ritz-Carlton Re
Rooms
Basement Other
Interior
Fireplace No
Laundry Building None, Washer Hookup
Exterior
Exterior Feature None
View Y/N Yes
View Bridge(s), City Lights, City, Panoramic, River
Porch None
Private Pool No
Building
Dwelling Type High Rise
Story 44
New Construction No
Others
Ownership Condominium
Monthly Total Fees $8, 508
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Coastal Property Advisors