---
title: "280 Park Avenue #12-M, New York City, NY 10010"
description: "280 Park Avenue #12-M, New York City, NY 10010 — Flatiron, New York City, NY. Listing Price $1,385,000. 1 bed, 1 bath, 780 sqft Illustrative Buyer Commission Share of $20,775 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/280-park-avenue-12m-ny-10010"
source: "Real Estate Rebate Team"
dateModified: "2026-08-26T11:50:50.595Z"
status: "Active"
---

# 280 Park Avenue #12-M, New York City, NY 10010

Flatiron, New York City, NY

**New Development**

Courtesy of William Raveis New York City LLC

Last updated: August 26, 2026, 7:50 AM

## At a Glance

- **Listing Price**: $1,385,000
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 780
- **Common Charges**: $1,106 / mo
- **Monthly Taxes**: $1,367 / mo
- **Price per Sqft**: $1,776
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $1,385,000
- **Illustrative Buyer Commission Share**: -$20,775*
- **Illustrative Net Cost**: $1,364,225

*Illustrative Buyer Savings of $20,775 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![280 Park Avenue #12-M, New York City, NY 10010 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/263797f2-6684-4f77-bb76-0e73f02040b2.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1abc3c6-e70a-4fb8-a7ff-65bbb571b7f2.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dee46488-fd21-4a65-bff5-d94fe1b6d087.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/26d88180-282b-48e4-8360-9449f8980e78.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/996788b0-5c71-4fe8-8ef2-c519638d4018.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2b244f3a-da4a-4240-bb7a-6fd3071a5849.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dd171763-36bb-4814-b4b9-2bf34ab20cd9.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0d2e4c11-3fc2-439c-8d10-e45a44250b8e.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/509de152-a82a-48ab-9cb7-3114f83636d3.jpg)
![280 Park Avenue #12-M, New York City, NY 10010 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/347cea65-a61a-4f90-a419-c49d5bca9044.jpg)

## Property Overview

One of the most desirable corner one-bedroom residences at Gramercy Place, this thoughtfully designed condominium offers approximately 800 square feet with an exceptionally efficient layout that lives far larger than its footprint.

A defining feature of the coveted M Line is its wraparound, offset windowed kitchen, creating one of the building's largest living and dining spaces spanning nearly 30 feet. With wood cabinetry, the kitchen features granite countertops, stainless steel appliances, a tiled backsplash, abundant storage, and a generous double-width breakfast bar, all seamlessly opening to the expansive living and dining area for effortless everyday living and entertaining.

The expansive living area is bathed in natural light from two exposures and enjoys iconic landmark views with open skies over Park Avenue South. Thoughtful design includes hardwood floors, and abundant closets that provide exceptional storage throughout.

The oversized bedroom is among the largest one-bedroom layouts at Gramercy Place. It features an expansive walk-in closet and comfortably accommodates a California king bed along with a full furniture suite, while still allowing space for a sitting area or home office.

The spa-inspired bathroom blends timeless design with modern functionality, featuring marble flooring, classic subway tile, polished nickel fixtures, a custom frameless glass-enclosed walk-in shower and a vanity with generous storage.

Custom architectural lighting, solid wood doors, handcrafted finishes, hardwood flooring, and an exceptionally functional layout complete this move-in-ready residence in one of Gramercy's premier luxury condominium buildings.

Amenities
24-Hour Doorman & Concierge
Rooftop Swimming Pool
Rooftop Fitness Center
Rooftop Gas Grills
Ground-Level Outdoor Lounge (currently under construction)
New North & South Sun Decks
New Backup Generator
Sauna, Steam Room & Jacuzzi
Bicycle Storage
Private Storage Cages (additional monthly fee)
Industrial-Grade Laundry Facility
Washer/Dryers Permitted in Residences
Pet Friendly
Investor Friendly
Smoke-Free Building

The Building
For decades, Gramercy Place has been recognized as one of the neighborhood's premier full-service condominium residences. Rising 27 stories above the historic New York Bank for Savings, originally constructed in 1894, the building incorporates the beautifully restored landmark structure into an elegant teak-and-marble lobby with soaring ceilings and polished stone floors.

Situated on the corner of Park Avenue South along a picturesque tree-lined block, Gramercy Place seamlessly blends historic architecture with modern amenities and white-glove service. Residents enjoy an exceptional location moments from Gramercy Park, Union Square, Madison Square Park, acclaimed restaurants, shopping, transportation, and everything that makes this vibrant Manhattan neighborhood one of the city's most desirable destinations.

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 780 sqft
- **Stories**: 27
- **Year Built**: 1986
- **Price per Sqft**: $1,776
- **Common Charges**: $1,105.76 / Monthly
- **Monthly Taxes**: $1,367 / mo
- **Listed On**: Jul 6, 2026
- **Days on Market**: 60 Days

### Residence Features

- Central Air
- Building Washer Dryer Install Allowed
- Common Area
- Building Storage
- Building Garden
- Building Roof Deck
- Kitchen Window
- City

## Buying in a new development?

Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo.

[Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc)

## Sales Evidence

### Recent closed sales

23 apartments at Gramercy Place have recorded sales since September 2021, the most recent for $1,395,000 in May 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 7M (Apartment) | 1 | 809 | $1,395,000 | $1,724/ft² | May 11, 2026 | MLS |
| 9E (Apartment) | 1 | 730 | $1,020,000 | $1,397/ft² | July 24, 2025 | MLS |
| 26F (Apartment) | 1 | 810 | $1,675,000 | $2,068/ft² | June 9, 2025 | MLS |
| 6C (Apartment) | 1 | 861 | $1,200,000 | $1,394/ft² | March 26, 2025 | MLS |
| 14G (Apartment) | 3 | 1,670 | $3,000,000 | $1,796/ft² | November 6, 2024 | MLS |
| 3-F (Apartment) | 1 | 750 | $1,135,000 | $1,513/ft² | August 2, 2024 | MLS |
| PH27J (Apartment) | 2 | 984 | $1,825,000 | $1,855/ft² | January 4, 2024 | MLS |
| 5F (Apartment) | 1 | 714 | $1,125,000 | $1,576/ft² | October 27, 2023 | MLS |
| 3G (Apartment) | 1 | 788 | $980,000 | $1,244/ft² | August 24, 2023 | MLS |
| 14-M (Apartment) | 1 | 810 | $1,450,000 | $1,790/ft² | June 29, 2023 | MLS |
| 3L (Apartment) | 1 | 749 | $1,115,000 | $1,489/ft² | April 18, 2023 | MLS |
| 16-C (Apartment) | 1 | 861 | $1,330,000 | $1,545/ft² | February 13, 2023 | MLS |
| 25M (Apartment) | 1 | 810 | $1,525,000 | $1,883/ft² | December 28, 2022 | MLS |
| 6K (Apartment) | 1 | 752 | $1,100,000 | $1,463/ft² | November 3, 2022 | MLS |
| 20F (Apartment) | 1 | 810 | $1,520,000 | $1,877/ft² | August 17, 2022 | MLS |
| 21-J (Apartment) | 2 | 1,208 | $1,895,000 | $1,569/ft² | August 10, 2022 | MLS |
| 12D (Apartment) | 1 | 629 | $1,175,000 | $1,868/ft² | June 23, 2022 | MLS |
| 7D (Apartment) | 1 | 640 | $1,195,000 | $1,867/ft² | June 3, 2022 | MLS |
| 9C (Apartment) | 1 | 861 | $1,240,000 | $1,440/ft² | March 23, 2022 | MLS |
| 27C (Apartment) | 1 | 877 | $1,575,000 | $1,796/ft² | December 31, 2021 | MLS |
| 10M (Apartment) | 1 | 809 | $1,275,000 | $1,576/ft² | December 9, 2021 | MLS |
| 14A (Apartment) | 2 | 1,266 | $2,400,000 | $1,896/ft² | October 1, 2021 | MLS |
| 4-J (Apartment) | 1 | 760 | $975,000 | $1,283/ft² | September 14, 2021 | MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable one-bedroom sales at Gramercy Place is $1,200,000, based on 19 sales between September 2021 and May 2026. This home is asking $1,385,000, $185,000 above that median. The middle half of those sales closed between $1,120,000 and $1,422,500.

- **Median closed price**: $1,200,000
- **Middle half**: $1,120,000 – $1,422,500
- **Based on**: 19 one-bedroom sales at Gramercy Place
- **Period**: September 2021 – May 2026
- **Median $/ft²**: $1,576/ft²

Across the 15 of these sales with a published asking price, the median closed at 96.6% of what it originally asked. 67% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 96.6% of the original ask
- **Closed below ask**: 67% of 15 sales
- **Listed → in contract**: 102 days (about 15 weeks)
- **In contract → closed**: 49 days (about 7 weeks)

Across the 15 of these sales with a published asking price, the median closed at 96.6% of what it originally asked. 67% of them closed below the original ask.

Half of these homes were in contract within 102 days (about 15 weeks) of coming to market, based on the 16 with a recorded listing date.

Once a deal was agreed, closing took a further 49 days (about 7 weeks), based on the 17 with both dates recorded.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Based on 19 one-bedroom sales at Gramercy Place, September 2021 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at Gramercy Place, 2016 to 2025. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2016 | $1,771/ft² | 5 |
| 2017 | $1,306/ft² | 3 (thin) |
| 2018 | $1,632/ft² | 4 (thin) |
| 2019 | $1,563/ft² | 4 (thin) |
| 2020 | $1,573/ft² | 3 (thin) |
| 2021 | $1,568/ft² | 10 |
| 2022 | $1,867/ft² | 7 |
| 2023 | $1,545/ft² | 5 |
| 2024 | $1,796/ft² | 3 (thin) |
| 2025 | $1,397/ft² | 3 (thin) |

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at Gramercy Place](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/gramercy-place)

## Price and Property History for 280 Park Avenue, Unit 12-M

Review the recorded listing activity for 280 Park Avenue, Unit 12-M, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $115,000, or 7.7%, on August 26, 2026
- **Originally listed**: June 29, 2026 at $1,500,000
- **Current asking price**: $1,385,000

| Date | Price | Listing event |
| --- | --- | --- |
| August 26, 2026 | $1,385,000 | Asking price reduced by $115,000, or 7.7% |
| August 14, 2026 | $1,500,000 | Listing removed from the market |
| August 13, 2026 | $1,500,000 | Listing removed from the market |
| June 29, 2026 | $1,500,000 | Listed for sale by William Raveis New York City LLC |

## About The Building

### Gramercy Place

Flatiron · Condominium

280 PARK Avenue, New York, NY 10010

A building in Flatiron, currently featuring 3 active listings.

- **Year Built**: 1986
- **Total Units**: 3
- **Floors**: 27

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/gramercy-place)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [12-M](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/280-park-avenue-12m-ny-10010) | 1 | 1 | 780 sqft | $1,776 | $1,385,000 (-7.7%) | William Raveis New York City LLC | Jul 6, 2026 | 59 days |
| [8K](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10010/280-park-avenue-k-8K-ny-10010) | 1 | 1 | 750 sqft | $1,799 | $1,349,000 — In contract | Compass | Jun 15, 2026 | 80 days |
| [8D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/280-park-avenue-8d-ny-10010) | 1 | 1 | 629 sqft | $1,789 | $1,125,000 | The Maher Group LLC | Aug 23, 2026 | 11 days |

## Estimated Monthly Payment

**$9,476 / month**, assuming a 20% down payment ($277,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $7,003
- **Property Taxes**: $1,367
- **Common Charges**: $1,106

Estimates only. Actual payments may vary. Confirm terms with your lender.

## This is a new development purchase

Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price.

- [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator)
- [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc)
- [More new developments](https://realestaterebatesnewyork.com/new-developments)

## Flatiron

Overview of Flatiron

[Explore Flatiron](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Flatiron

- [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy)
- [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay)
- [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea)
- [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village)
- [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill)
- [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town)

## Related Links

- [Gramercy Place — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/gramercy-place)
- [Flatiron neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.