---
title: "280 Park Avenue #5L, New York City, NY 10010"
description: "280 Park Avenue #5L, New York City, NY 10010 — Flatiron, New York City, NY. Listing Price $1,195,000. 1 bed, 1 bath, 750 sqft Illustrative Buyer Commission Share of $17,925 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/280-park-avenue-5l-ny-10010"
source: "Real Estate Rebate Team"
dateModified: "2026-09-11T16:30:52.169Z"
status: "Active"
---

# 280 Park Avenue #5L, New York City, NY 10010

Flatiron, New York City, NY

Courtesy of Compass

Last updated: September 11, 2026, 12:30 PM

## At a Glance

- **Listing Price**: $1,195,000
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 750
- **Common Charges**: $965 / mo
- **Monthly Taxes**: $1,254 / mo
- **Price per Sqft**: $1,593
- **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**: $1,195,000
- **Illustrative Buyer Commission Share**: -$17,925*
- **Illustrative Net Cost**: $1,177,075

*Illustrative Buyer Savings of $17,925 — 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 #5L, New York City, NY 10010 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d04f19dc-4079-479b-8068-bb6090113b8e.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c18b5285-987b-4b68-aca5-17dd7aa75fae.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/86c7dd6e-8475-42b1-9ad4-a33f99344eab.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9463975e-984e-4976-99be-d6bdb2b3e544.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/091db897-1ee0-4ac1-93fc-6784cbc3da05.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7334aeba-8bad-4941-a9f8-9089ef412f2d.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/dc264a44-6041-428b-b37f-27d537719f3f.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a0ddd2cc-e31f-4f0e-a62a-81a550c1333e.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0c6dcfa3-2540-4e2f-8387-2323acd96201.jpg)
![280 Park Avenue #5L, New York City, NY 10010 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4d681bef-5941-48af-8a86-df54bd82b4b7.jpg)

## Property Overview

TENANT IN PLACE UNTIL JULY 2027

Blank Canvas! Bring your architect and contractor! Why live in someone else's dream, when you can design your own!

One of the building’s most popular lay-outs, 5L features a pass-thru kitchen and 3 large closets. Beautiful North views with great light on quiet 22nd street!

PRIME location with 24 HR grocery store next door, 24HR drug-store in front of the building, 2 dry cleaners & 2 parking garages on the block, & quick access to the 6 (Green) and N/R trains (Yellow). Located in the heart of the Gramercy/Flatiron neighborhood, Madison Square Park, Gramercy Park, Union Sq, Park Avenue restaurants and Flatiron shopping.

280 Park Ave South is a Full Service Doorman Luxury Building, with two massive roof-decks with 360 degree views of Manhattan and beautiful brand new outdoor furniture, providing a wonderful respite from any stressful day. Other free amenities include a 40 foot pool, brand new state of the art 24HR fitness center, his and her sauna & steam rooms, and Jacuzzi. Additional storage space available for rent.

Laundry in building. Pet friendly.

## Property Details

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 750 sqft
- **Stories**: 27
- **Year Built**: 1986
- **Price per Sqft**: $1,593
- **Common Charges**: $965 / Monthly
- **Monthly Taxes**: $1,254 / mo
- **Listed On**: Sep 11, 2026
- **Days on Market**: 1 Days

### Residence Features

- Building Washer Dryer Install Allowed
- Common On Floor
- Common Area
- Garage
- Building Garden
- Building Roof Deck
- Sauna

### Building Amenities

- Sauna
- Garage

## Sales Evidence

### Recent closed sales

24 apartments at Gramercy Place have recorded sales since September 2021, the most recent for $1,300,000 in September 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [8K](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10010/280-park-avenue-k-8K-ny-10010) (Apartment) | 1 | 750 | $1,300,000 | $1,733/ft² | September 9, 2026 | MLS |
| 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 $1,220,000, based on 18 sales between December 2021 and September 2026. This home is asking $1,195,000, $25,000 below that median. The middle half of those sales closed between $1,127,500 and $1,378,750.

- **Median closed price**: $1,220,000
- **Middle half**: $1,127,500 – $1,378,750
- **Based on**: 18 one-bedroom sales at Gramercy Place
- **Period**: December 2021 – September 2026
- **Median $/ft²**: $1,576/ft²

Across the 14 of these sales with a published asking price, the median closed at 96.1% of what it originally asked. 64% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 96.1% of the original ask
- **Closed below ask**: 64% of 14 sales
- **Listed → in contract**: 110 days (about 16 weeks)
- **In contract → closed**: 48 days (about 7 weeks)

Across the 14 of these sales with a published asking price, the median closed at 96.1% of what it originally asked. 64% of them closed below the original ask.

Half of these homes were in contract within 110 days (about 16 weeks) of coming to market, based on the 15 with a recorded listing date.

Once a deal was agreed, closing took a further 48 days (about 7 weeks), based on the 16 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 18 one-bedroom sales at Gramercy Place, December 2021 – September 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 5L

Review the recorded listing activity for 280 Park Avenue, Unit 5L, including asking-price changes and prior market dates.

| Date | Price | Listing event |
| --- | --- | --- |
| August 17, 2026 | $1,195,000 | Listing removed from the market |
| March 22, 2026 | $1,195,000 | Listed for sale by Compass |

## About The Building

### Gramercy Place

Flatiron · Condominium

280 PARK Avenue, New York, NY 10010

A building in Flatiron, currently featuring 4 active listings.

- **Year Built**: 1986
- **Total Units**: 4
- **Floors**: 27

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

### Available Residences — For Sale (4)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5L](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/280-park-avenue-5l-ny-10010) | 1 | 1 | 750 sqft | $1,593 | $1,195,000 | Compass | Sep 11, 2026 | 1 days |
| [8K](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10010/280-park-avenue-k-8K-ny-10010) | 1 | 1 | 750 sqft | $1,733 | $1,300,000 (-3.6%) | Compass | Jun 15, 2026 | 89 days |
| [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 | 68 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 | 20 days |

## Estimated Monthly Payment

**$8,262 / month**, assuming a 20% down payment ($239,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $6,043
- **Property Taxes**: $1,254
- **Common Charges**: $965

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

## 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.