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%
Open houses by appointment only.
Quick Profile
NoMad, North of Madison Square Park, is a rectangular swath of land that is bordered by East 25th Street to the south, East 29th Street to the north, Sixth Avenue to the west, and depending who you ask, Madison or Lexington Avenue to the East. It’s had its acronymed name for over two decades but not every New Yorker calls the neighborhood NoMad.
Historic architecture, trendy hotels and restaurants and high-priced apartments - NoMad wasn’t always the coveted neighborhood that it is today. It’s gone through many transformations over the years. Including a red light district known as the Tenderloin in the 1880’s. It was a popular shopping destination and a place where high society held court in the mid 19th century. It was part of New York City’s Silicon Alley in the 1990’s.
As of lately, world class chefs and restaurants have moved into NoMad. It’s tied with Midtown Manhattan for having the most Michelin stars (six stars to date). Besides NoMad’s architecture, nightlife, and restaurants, we can’t forget the added perk of being close to other great neighborhoods and cultural institutions. NoMad’s central location makes it easier to get just about anywhere in the city. You can walk to Chelsea, West Village, Union Square or Grand Central Station in no time at all. The N, R, 1, 6, B, Q, F, and M are very close or just a few blocks away. Penn Station is also within walking distance.