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In Contract

240 Park Avenue South, #4B

$6,450,000 ($3,035 per ft2) | 5 beds, 4 baths | Approx. 2,125 ft2
Building Profile  | 
170 days on Market

Key Details

  • Listed: Apr 1, 2024
    Last Price Change: ($545,000) on Jul 8
    Days on Market: 170
    Building Type: Condominium
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $7,115
Monthly Real Estate Taxes: $6,247
Total Taxes & Fees: $13,362 ($6.29/ft2)
Est. Monthly Mortgage: $31,872
Total Est. Monthly Carrying Cost: $45,234 ($21.29/ft2)
Note: the above is based on a down payment of 20% ($1,290,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This property is located in the prime Flatiron/Union Square neighborhood, with convenient access to multiple subway lines and a stunning Southeast corner exposure overlooking Park Avenue South.
  • High-End Renovations: The property has been meticulously renovated with impeccable finishes throughout, featuring high-end kitchen appliances from Subzero, Viking, Bosch, Miele, Wolf, and Kupperbusch, as well as Rositano carved stone bathroom sinks, Jet Mist granite kitchen countertops, and Sub-Zero refrigerators.
  • Spacious and Luxurious: With over 3,750-square feet of space, the property boasts a large, bright and airy living and dining area, a primary suite with 2 walk-in closets, stained walnut built-ins, and a luxurious marble bathroom.
  • Smart Home Features: The property is equipped with a Control4 intelligent home and entertainment system for wireless operation of TV, audio, lighting, shades, and climate, and also includes a dedicated laundry room with double stacked washer and dryers.
  • Building Amenities: The building offers a range of amenities including a 24-hour concierge and doorman, fitness studio, basketball court, spa with sauna, children’s playroom, media room, library, fitness center and roof terrace.
  • Architectural Excellence: Designed by renowned architect Charles Gwathmey, the building features a lobby with perforated leather walls and limestone floor, and is pet-friendly.

Description

Welcome to residence 4AB at 240 Park Avenue South. Meticulously renovated, flooded with light, and situated at an ideal downtown location; you will want to make this home your own.

Completely redesigned by Leroy Street Studio, this 4 bedroom 4 bathroom home offers impeccable finishes throughout and an exceptionally thoughtful floor plan.

Upon entering the residence you are greeted by a large gallery featuring ample storage, and are immediately drawn to the bright and airy living and dining area which boasts a fabulous Southeast corner exposure overlooking Park Avenue South.

The kitchen is designed with handmade zebrawood set against custom white Italian glass cabinetry and stainless steel countertops, and has been outfitted with a range of high-end appliances from Subzero, Viking, Bosch, Miele, Wolf, and Kupperbusch. An eat-in dining area completes the space.

Tucked privately on the other end of the gallery lies the primary suite, 3 of the secondary bedrooms, and a den.

The primary features 2 walk in closets, a beautiful range of stained walnut built-ins, and a gorgeous floor-to-ceiling white Thassos marble bathroom with a glass rain shower, and a large soaking tub.

At over 3,750-square feet, this premier residence encompasses the entire eastern wing of the building and features 3 exposures throughout. The secondary bedrooms also all offer a flexible and convertible use of space. Additional features include a dedicated laundry room with double stacked washer and dryers, custom built-ins throughout, additional storage adjacent to the unit, and a Control4 intelligent home and entertainment system that offers wireless operation of your TV, audio, lighting, shades, and climate.

240 Park Avenue South, designed by Gwathemy & Siegel, is a luxury condominium in the heart of prime Flatiron, nestled between Gramercy Park, Union Square, and Madison Square Park.

Opportunities for 5th Avenue shopping and fine dining are abound. Amenities feature a 24-hour concierge and doorman, fitness studio, basketball court, spa with sauna, children’s playroom, media. Room, and library. Pet-friendly and convenient to multiple subway lines.

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Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 240 Park Avenue South

84

240 Park Avenue South has received a CityRealty Rating of 84, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

25
Out of 44
+
26
Out of 36
+
24
Out of 39
+
9
=
84
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
Some 0 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes, with Swimming Pool 2 out of 2 points
Private Gardens:
Yes, but Small 1 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
Yes 1 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Pool
  • Washer/Dryer in building
  • Elevator
  • Party Room
  • Fitness Center
  • Rooftop Terrace
  • Outdoor Entertainment Space
  • Courtyard
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Designed by Charles Gwathmey
  • Fitness center
  • Roof terrace
  • Entertainment suite with Continental breakfasts
  • Rositano carved stone bathroom sinks
  • Miele dishwashers
  • Jet Mist granite kitchen countertops
  • Sub-Zero refrigerators
  • Lobby has perforated leather walls and limestone floor
  • Concierge
  • Doorman
  • Curved corner windows
  • Close to Subway
Cons
  • No balconies
  • No sidewalk landscaping
  • No garage
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Subways

  1. 6
at Park Ave 0.16 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. L
at Broadway and 16th 0.20 miles
  1. M
  2. F
at 6th Ave 0.41 miles
  1. 1
  2. 2
  3. 3
at 6th Ave and 16th 0.41 miles

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