--- title: "407 Park Avenue #12F, New York City, NY 10016" description: "407 Park Avenue #12F, New York City, NY 10016 — NoMad, New York City, NY. Listing Price $725,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $10,875 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/407-park-avenue-12f-ny-10016" source: "Real Estate Rebate Team" dateModified: "2026-09-11T20:41:34.781Z" status: "Active" --- # 407 Park Avenue #12F, New York City, NY 10016 NoMad, New York City, NY Courtesy of Compass Last updated: September 11, 2026, 4:41 PM ## At a Glance - **Listing Price**: $725,000 - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $1,927 / mo - **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**: $725,000 - **Illustrative Buyer Commission Share**: -$10,875* - **Illustrative Net Cost**: $714,125 *Illustrative Buyer Savings of $10,875 — 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) ![407 Park Avenue #12F, New York City, NY 10016 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/07b45cf0-0245-404c-967e-f76fcc6ea4f6.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/40323ec8-bcb6-4004-a354-c8ff1e73b62b.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6030c9a1-90ab-42c9-b10d-d37865b2a1a9.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eb02876e-cd29-4139-9855-158267c3cefb.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5cdcb725-c747-418c-81fb-aebee8294d61.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/579966e9-d55d-467c-9ba4-7b40c31cfe76.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb3d1241-a30e-4c7d-b740-bf32c115b0ff.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1174733c-8200-438d-b841-22ef2d6285a0.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c5875cb9-64c0-45e0-b987-a4c99a0a9f24.jpg) ![407 Park Avenue #12F, New York City, NY 10016 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/303cace8-91c9-4213-ad0c-f1f8187b0b9b.jpg) ## Property Overview Welcome to The Ascot at 407 Park Ave S, a stunning highrise co-op in the heart of Flatiron/NoMad. This beautifully designed sun-drenched 1-bedroom, 1-bathroom residence offers a sophisticated urban lifestyle with city and open views. The spacious layout includes three well-appointed rooms, tons of closets, and a recently updated kitchen perfect for culinary enthusiasts. Residents can enjoy the panoramic roof deck featuring a barbecue, lounges, a sitting area, and jaw-dropping views. Perfect for relaxing or entertaining while taking in the breathtaking cityscape. There is also a serene courtyard right off the front lobby. Located at the nexus of Gramercy, Flatiron, Union Square, and Chelsea the building boasts an array of amenities designed to enhance your living experience, including a fully-equipped gym and health club, ideal for maintaining an active lifestyle without leaving home. Additional conveniences include a live-in super and a large central laundry room, bike room, and common storage, providing ample space for your belongings. The full-service building has undergone a major upgrade renovation to the entrance lobby and hallways. A full-time doorman and concierge service are ready to assist you. Located near the finest restaurants, shopping, Madison Square Park, and the 6 train in addition to the nearby Herald Square transportation options (B, D, F, M, N, Q, R, W, and PATH. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 26 - **Year Built**: 1984 - **Common Charges**: $1,927 / Monthly - **Listed On**: Sep 11, 2026 - **Days on Market**: 1 Days ### Residence Features - Central Air - Common On Floor - Common Area - Building Roof Deck - Private Outdoor Space Under 60 Sqft ## Sales Evidence ### Recent closed sales 19 apartments at ASCOT have recorded sales since September 2021, the most recent for $885,000 in July 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | [9D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/407-park-avenue-d-9D-ny-10016) (Apartment) | 1 | — | $885,000 | — | July 28, 2026 | MLS | | PHA (Apartment) | 2 | 1,100 | $1,500,000 | $1,364/ft² | June 8, 2026 | MLS | | 9C (Apartment) | Studio | — | $455,000 | — | December 17, 2025 | MLS | | 17F (Apartment) | 1 | — | $725,000 | — | September 9, 2025 | MLS | | 11F (Apartment) | 1 | — | $640,000 | — | June 10, 2025 | MLS | | 11A (Apartment) | 2 | 1,000 | $1,375,000 | $1,375/ft² | June 11, 2024 | MLS | | 11D (Apartment) | 1 | — | $865,000 | — | April 3, 2024 | MLS | | C 6 (Apartment) | Studio | — | $495,000 | — | March 21, 2024 | MLS | | 24C (Apartment) | Studio | — | $485,000 | — | March 19, 2024 | MLS | | 9D (Apartment) | 1 | — | $850,000 | — | October 17, 2023 | MLS | | 23B (Apartment) | 1 | — | $770,000 | — | August 21, 2023 | MLS | | 9-E (Apartment) | 1 | — | $855,000 | — | November 3, 2022 | MLS | | 15A (Apartment) | 2 | 1,000 | $1,540,000 | $1,540/ft² | September 1, 2022 | City record · MLS | | 12E (Apartment) | 1 | 725 | $845,000 | $1,166/ft² | June 23, 2022 | MLS | | 17A (Apartment) | 2 | — | $1,550,000 | — | June 20, 2022 | MLS | | 22E (Apartment) | 1 | 750 | $805,000 | $1,073/ft² | May 18, 2022 | MLS | | 24E (Apartment) | 1 | — | $799,000 | — | May 17, 2022 | MLS | | 22-D (Apartment) | 1 | 725 | $810,000 | $1,117/ft² | January 14, 2022 | MLS | | 22B (Apartment) | 1 | — | $775,000 | — | October 13, 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 ASCOT is $807,500, based on 12 sales between October 2021 and July 2026. This home is asking $725,000, $82,500 below that median. The middle half of those sales closed between $773,750 and $851,250. - **Median closed price**: $807,500 - **Middle half**: $773,750 – $851,250 - **Based on**: 12 one-bedroom sales at ASCOT - **Period**: October 2021 – July 2026 Square footage is recorded for only 3 of these 12 sales (25%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 8 of these sales with a published asking price, the median closed at 98.8% of what it originally asked. 75% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 98.8% of the original ask - **Closed below ask**: 75% of 8 sales - **Listed → in contract**: 134 days (about 19 weeks) - **In contract → closed**: 83 days (about 12 weeks) Across the 8 of these sales with a published asking price, the median closed at 98.8% of what it originally asked. 75% of them closed below the original ask. Half of these homes were in contract within 134 days (about 19 weeks) of coming to market, based on the 10 with a recorded listing date. Once a deal was agreed, closing took a further 83 days (about 12 weeks), based on the 10 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 12 one-bedroom sales at ASCOT, October 2021 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. 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 ASCOT](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/ascot) ## Property Taxes This apartment is part of a co-op that is taxed as one lot. The corporation’s 2026 property tax bill was $588,906 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for ASCOT](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/ascot) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### ASCOT Union Square · Stock Cooperative 407 Park Avenue, New York, NY 10016 A building in Union Square, currently featuring 2 active listings. - **Year Built**: 1984 - **Total Units**: 2 - **Floors**: 26 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/ascot) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [12F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/407-park-avenue-12f-ny-10016) | 1 | 1 | — | — | $725,000 | Compass | Sep 11, 2026 | 1 days | | [17A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/407-park-avenue-a-17A-ny-10016) | 2 | 2 | — | — | $1,350,000 (-3.2%) | Coldwell Banker Warburg | May 29, 2026 | 106 days | ## Estimated Monthly Payment **$5,593 / month**, assuming a 20% down payment ($145,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $3,666 - **Common Charges**: $1,927 Estimates only. Actual payments may vary. Confirm terms with your lender. ## NoMad Overview of NoMad [Explore NoMad](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nomad) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby NoMad - [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 - [ASCOT — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/ascot) - [NoMad neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nomad) - [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.