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31 E 28th St, New York, NY, 10016

3beds
3baths
2,936sqft
$3,950,000
$1,345price/sqft
$27,432/moest. monthly cost
$1,097,280/yrincome needed

About This Home

This exceptional 3-bedroom condominium loft offers 2,541 square feet of flexible, light-filled indoor living and 395 square feet of outdoor living in one of Manhattan's most coveted neighborhoods. Enter your private elevator landing into a dramatic residence defined by soaring 11-foot ceilings, expansive proportions, custom moldings, pendant lighting and an effortless sense of sophistication. A gracious dining foyer-perfectly scaled for a 10-person table-flows seamlessly into a grand 20-foot-wide living space bathed in natural light from oversized windows. Designed with versatility in mind, the layout easily accommodates a fourth bedroom, home office, or live/work configuration without compromising the loft's open, airy feel-making it ideal for both entertaining and everyday living. Rich hardwood strip flooring and baseboard moldings, and custom oversized doors with overhead transom windows lend timeless elegance throughout. The open-concept chef's kitchen is a statement in refined luxury, featuring marble countertops, an oversized window, premium appliances, an externally vented hood, and a dining bar is suited for intimate meals or stylish entertaining. The 30-foot gallery leads you to the large second bedroom, a windowed bathroom with glass-enclosed shower, a large-capacity externally vented Bosch washer/dryer. The king-sized primary suite is a private retreat, complete with a separate dressing area, two custom-fitted closets, and access to a serene private terrace with north and south facing exposures. The windowed, spa-like ensuite bath is clad in marble and features a double-sink mirrored vanity, abundant storage, a deep soaking tub, and a large glass-enclosed shower. The crown of the penthouse is the second level which is highlighted by an impressive skylight and atrium windows along with a private rooftop terrace measuring approximately 12' x 22'. This level, which also includes a full bathroom, can be used as a bedroom suite, media room, or artist studio with its unmatched natural light. Custom overhead lighting, and a private deeded storage room complete this exceptional offering. The Parkwood Condominium is an intimate, full-service luxury building with just 22 residences and 24-hour doorman service. Originally constructed in 1913 as a commercial loft building, it was meticulously converted in 2007 following extensive architectural and landmark research. The historic facade was fully restored while the interior and building systems were entirely reimagined, seamlessly blending classic loft character with modern finishes and 21st-century conveniences. Pets are welcome. 24 Hour doorman and Roof Deck access. Enjoy the finest residential services in the celebrated Nomad & Flatiron Districts. From world class fine dining such as 11 Madison, Café Carmellini, and Borgo, to outstanding grocery shopping at Whole foods and Eataly. Enjoy the trendiest clothing stored along 5th Avenue or stroll through picturesque Madison Square Park and enjoy the rotating art installations.

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
89
BikeVery Bikeable

Schools

5/10
8/10
Jhs 104 Simon BaruchGrades 6-80.6 mi

Construction

Condition

  • Year built: 1913

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 2,936
  • Total interior livable area: 2,936 sqft

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other,Deck,Terrace
  • Exterior features: Balcony,Private Roof Deck,Terrace
  • Has view: Yes
  • View description: City,Skyline

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hurricane
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $19,973$239,676
Home Insurance *$4,637$55,644
Property Taxes $2,337$28,044
Electricity $485$5,822
Total$27,432$329,184
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$940,525/yr
40% on housing$822,960/yr
45% on housing$731,520/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,345This listing

vs Other Active Listings

Avg $/sqft

ZIP 10016$996
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10016$1,230
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-09Price change$3,950,000
2024-09-12Listed for sale$4,000,000
2024-09-09Listing removed$4,000,000
2024-02-08Listed for sale$4,000,000
2023-08-18Listing removed--
2023-05-02Listed for sale$2,495,000
2020-06-30Listing removed$2,745,000
2020-06-22Listed for sale$2,745,000

For Sale by Agent

AgentIman Barkhordari
BrokerageDouglas Elliman

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