Condominium
Hillrose28
181 East 28th Street, New York, NY 10016
Buildings·Condominium

181 East 28th Street

181 East 28th Street, New York, NY 10016

At a glance
Type
Condominium
Landmark
No

Hillrose28 at 181 East 28th Street is a ground-up condominium in Rose Hill, the tree-lined pocket between Gramercy, NoMad, and Kips Bay that has quietly become one of Midtown South's most livable residential neighborhoods. Completed in 2019 by Forkosh Development and designed by Lemay + Escobar, it rises 20 stories on a quiet street to deliver 43 contemporary homes with the systems, finishes, and amenity package that only new construction provides — wrapped in the calm of a low-key, walkable district rather than a high-traffic avenue.

The appeal is the combination of new-construction quality and a central, transit-rich location with a neighborhood feel. Residents are minutes from Madison Square Park, the NoMad restaurant scene, and the 6 and other Midtown lines, while the building itself offers full service and a deep amenity suite scaled for full-time living.

Building operations

181 East 28th runs as a full-service condominium with round-the-clock doorman and concierge staffing. As a condominium, it offers the ownership advantages Midtown South buyers value: flexible financing, a right-of-first-refusal in place of a co-op board package, and customary latitude for pied-à-terre, LLC, trust, and investment ownership, with subletting freer than at the area's pre-war cooperatives. In-unit washer/dryers are standard, and the building is pet-friendly. The roof terrace and lounge function as genuine entertaining spaces, not token amenities — a meaningful differentiator in a building of this size.

Local Law 97

Carbon-penalty exposure
🟢
Strong — under cap in both periods
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$0 (under cap)
Per unit / month range
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Recent sales

As a 43-unit new-construction condominium, Hillrose28 sees measured turnover rather than constant trading. Pricing tracks the specific home — floor, exposure, light, layout, and outdoor space — with upper-floor homes carrying open views at the top of the building's range. Buyers should underwrite each unit on its own attributes; the auto-updating sales record on this building's /sales page reflects recorded transfers as they post.

What to know if you’re buying

This is a condominium purchase that clears through a right-of-first-refusal rather than a co-op board interview — faster and lighter than the area's pre-war cooperatives. Financing is flexible and entity and pied-à-terre purchases are customary. The most consequential diligence is the apartment: confirm the floor, exposure, and view of the specific home, and review the condominium's financials, reserve fund, and any sponsor-held units with your attorney. Buyers who prioritize modern systems, full service, and a quiet-street location with central access will find this an efficient, low-friction purchase.

What to know if you’re selling

The selling story is turnkey new construction, a strong amenity suite, and a livable Rose Hill location with quick access to NoMad and Midtown South. Lead with the building's modern systems, the roof terrace, and the duplex fitness center, and with the apartment's light and views. Price against other recent Rose Hill, NoMad, and Gramercy new-development condominiums rather than against older stock, which competes on a different basis. Because the building is small and well-amenitized, a well-prepared listing concentrates motivated buyer demand.

Comparable buildings

If you're weighing 181 East 28th Street, these nearby Gramercy, Rose Hill, and Kips Bay condominiums make a useful comparison set:

The Roebling Team at Hillrose28

The Roebling Team at Compass specializes in Gramercy, Rose Hill, NoMad, and the Midtown South condominium market. We publish this profile because new-construction buildings like Hillrose28 reward buyers and sellers who can read the amenity suite, the view lines, and where the pricing sits against the rest of new neighborhood inventory. If you're considering a transaction here, a 30-minute consultation is the right starting point.

Considering a move at Hillrose28?

Get the full picture on this building.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com