407 Park Avenue #23C, New York City, NY 10016
Listing Courtesy of Hauseit LLC
$549,000
Potential Rebate: $8,235
Overview
Perched high above the city, this inviting Park Avenue studio offers a perfect blend of charm and functionality. Flooded with natural light from oversized east-facing windows, the 23rd-floor home showcases sweeping city views. A custom-crafted millwork system maximizes space with a queen-sized Murphy bed, integrated cabinetry, open shelving with recessed lighting, and a sleek pull-out desk. The windowed kitchen is outfitted with a stainless steel refrigerator, stove, and an under-sink dishwasher. The living area has been refreshed with brand-new flooring.<br><br>The Ascot provides full-service amenities, including a 24-hour doorman, live-in superintendent, fitness center, laundry facilities, and resident storage. Recently updated common areas include the lobby, hallways, and a beautifully designed roof deck featuring lounge seating, a barbecue station, and breathtaking panoramic vistas. Ideally situated in vibrant NoMad, residents enjoy immediate access to the 6 train, as well as nearby dining, shopping, and nightlife. Both pets and pied--terres are welcome.<br><br><br><br><br><br>
Home Features
- •Building Inside
- •Common Area
- •Building Storage
- •Building Roof Deck
- •Private Outdoor Space Under 60 Sqft
- •Storage
- •Storage
- •Dishwasher
Estimated Monthly Payment
$3,991 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$8,235
Monthly savings impact
$23/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Hauseit LLC
Data Source: TRESTLE #RLS20045248
Price Analysis
Compare average listing prices and value metrics for ASCOT against the surrounding Union Square market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
30.81% Lower
than the Union Square price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Union Square
Overview of Union Square
Union Square is the dynamic crossroads of downtown Manhattan, where the East Village, Chelsea, Flatiron, and Gramercy Park meet. Centered around the historic park, it is a hub of culture, protest, and commerce. For those seeking Union Square Manhattan real estate, the location offers absolutely unparallelled access to the city.
Living in Union Square, Manhattan is energetic. It is a neighborhood that never really sleeps but offers a deep sense of place thanks to its famous Greenmarket. As a central Manhattan NYC neighborhood, it attracts a mix of students, tech workers, and artists who want to be in the the thick of it all.
Real Estate & Housing Market
The homes for sale in Union Square are often high-end. One Union Square South and the Zeckendorf Towers are iconic buildings that define the residential landscape. You will find luxury condos with extensive amenities, as well as loft-style apartments in the surrounding streets.
Because of its central location, prices remain high and stable. It is a prime market for investors and those who prioritize transit convenience above all else. The rental market is also robust, fueled by NYU students and young professionals.
Lifestyle & Community
The lifestyle in Union Square is centered on the park. The Union Square Greenmarket is the city's flagship farmers market, drawing chefs and locals four days a week. It creates a village feel in the middle of the metropolis.
The area is crowded but vibrant. Street performers, chess players, and activists share the space. Residents have immediate access to a massive Whole Foods, a Trader Joe's, and endless dining options, making daily life incredibly convenient.
Transportation & Accessibility
Union Square boasts one of the best subway stations in the system: the 14th Street-Union Square complex (4, 5, 6, L, N, Q, R, W). You can get virtually anywhere in Manhattan or into Brooklyn without a transfer.
The cross-town buses on 14th Street offer further connectivity. For residents, the entire city feels reachable in under 30 minutes. It is the gold standard for NYC accessibility.
Parks, Schools & Amenities
Union Square Park is the neighborhood's front yard, offering green space, a dog run, and a playground. It is a place of constant activity and observation. Washington Square Park and Madison Square Park are also short walks away.
Amenities are unbeatable. From the Strand Bookstore to major movie theaters and gyms, everything is here. The healthcare options are also excellent, with Mount Sinai Union Square nearby.
Who This Neighborhood Is Best For
Union Square is best for people who want maximum convenience and energy. It is ideal for foodies (thanks to the Greenmarket), students, and commuters who want the ultimate transit hub.
