--- title: "425 Park Avenue #16B, New York City, NY 10016" description: "425 Park Avenue #16B, New York City, NY 10016 — NoMad, New York City, NY. Listing Price $1,175,000. 2 bed, 2 bath Illustrative Buyer Commission Share of $17,625 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/425-park-avenue-16b-ny-10016" source: "Real Estate Rebate Team" dateModified: "2026-10-12T22:46:53.192Z" status: "Active" --- # 425 Park Avenue #16B, New York City, NY 10016 NoMad, New York City, NY Courtesy of MARK O'BRIEN DEVELOPMENT LLC Last updated: October 12, 2026, 6:46 PM ## At a Glance - **Listing Price**: $1,175,000 - **Beds**: 2 - **Total Baths**: 2 - **Common Charges**: $3,035 / 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**: $1,175,000 - **Illustrative Buyer Commission Share**: -$17,625* - **Illustrative Net Cost**: $1,157,375 *Illustrative Buyer Savings of $17,625 — 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) ## Property Overview A corner loft high above Park Avenue South. Eleven-foot ceilings, light from the south and west, and the Empire State Building filling the west windows. The second bedroom closes off behind full-height frosted glass panels. Slide them shut and it’s a private bedroom. Open them and the whole apartment becomes one great room. Brazilian walnut floors throughout. Soapstone counters and maple Shaker cabinets in the kitchen. Gray and black tile in the primary bath, handmade cement tile in the half bath. The 1927 building has a live-in super, part-time doorman, a common roof deck, laundry on every floor, and private storage. Pets welcome. Pied-a-terre allowed. One block to the 6. Madison Square Park, Whole Foods, Upland, Atomix and Hillstone all close by, with Remi Flower & Coffee opening downstairs. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Total Baths**: 2 - **Rooms**: 4 - **Stories**: 20 - **Year Built**: 1927 - **Common Charges**: $3,035 / Monthly - **Listed On**: Oct 12, 2026 - **Days on Market**: 1 Days ### Residence Features - Building Washer Dryer Install Allowed - Building Multiple Locations - Common Area - Building Storage - Building Roof Deck - New Windows ## Estimated Monthly Payment **$8,976 / month**, assuming a 20% down payment ($235,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $5,941 - **Common Charges**: $3,035 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 9 apartments at Park South Tower have recorded sales since October 2021, the most recent for $850,000 in September 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 2C (Apartment) | 1 | 1,000 | $850,000 | $850/ft² | September 16, 2025 | MLS | | 15A (Apartment) | 1 | — | $900,000 | — | September 10, 2024 | MLS | | 20D (Apartment) | 1 | — | $1,195,000 | — | June 25, 2024 | MLS | | 5B (Apartment) | 3 | — | $2,600,000 | — | September 2, 2022 | MLS | | 18D (Apartment) | 1 | 1,000 | $1,350,000 | $1,350/ft² | June 1, 2022 | MLS | | 6B (Apartment) | 2 | 1,000 | $1,192,500 | $1,193/ft² | April 28, 2022 | MLS | | 18A (Apartment) | 1 | — | $980,000 | — | March 18, 2022 | MLS | | 8D (Apartment) | — | — | $939,649 | — | February 17, 2022 | City record | | 4A (Apartment) | 1 | — | $840,000 | — | January 18, 2022 | 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 - **This home**: $1,175,000 - **Median sold price**: $1,395,000 - **Difference**: -$220,000 (-15.8%) - **Comparable sales**: 3 - **Sales from**: August 2025 – December 2025 - **Middle half of those sales**: $1,275,000 – $1,835,000 Based on co-op two-bedroom sales in NoMad. Square footage is recorded for only 2 of these 3 sales (67%), 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. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from NoMad instead. ### How these sales were negotiated - **Sale-to-list price**: 92.4% (3 sales) - **Sold below asking**: 100% (3 sales) - **Typical time to find a buyer**: 99 days (3 sales) - **Typical time to close**: 89 days (3 sales) Based on co-op two-bedroom sales in NoMad with the required listing and closing data. Sample sizes vary by metric. 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. Sales data through December 2025. 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 Park South Tower](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/park-south-tower) ## Price and Property History for 425 Park Avenue, Unit 16B Review the recorded listing activity for 425 Park Avenue, Unit 16B, including asking-price changes and prior market dates. - **Last sold**: $1,150,000 on June 1, 2014 | Date | Price | Listing event | | --- | --- | --- | | August 1, 2026 | $1,175,000 | Listed for sale by MARK O'BRIEN DEVELOPMENT LLC | | June 1, 2014 | $1,150,000 | Sold | | January 23, 2014 | $999,000 | Listed for sale by Christopher Korey, LREB | ## Property Taxes This apartment is part of a co-op that is taxed as one lot. The corporation’s 2026 property tax bill was $18,345,864 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 Park South Tower](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/park-south-tower) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### Park South Tower NoMad · Stock Cooperative 425 PARK Avenue, New York, NY 10016 A building in NoMad, currently featuring 3 active listings. - **Year Built**: 1927 - **Active Units**: 3 - **Floors**: 20 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/park-south-tower) ### Available Residences — For Sale (5) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [16B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/425-park-avenue-16b-ny-10016) | 2 | 2 | — | — | $1,175,000 | MARK O'BRIEN DEVELOPMENT LLC | Oct 12, 2026 | 1 days | | [19D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/425-park-avenue-19d-ny-10016) | 1 | 2 | — | — | $999,000 (-8.8%) | Brown Harris Stevens Residential Sales LLC | Apr 15, 2026 | 181 days | | [20D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/425-park-avenue-20d-ny-10016) | 1 | 1 | — | — | $1,195,000 | Serhant | Sep 9, 2026 | 34 days | | [3C](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/425-park-avenue-c-3C-ny-10016) | 1 | 2 | 1,000 sqft | $850 | $850,000 (-2.9%) — In contract | Brown Harris Stevens Residential Sales LLC | Mar 4, 2026 | 223 days | | [14CD](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/425-park-avenue-cd-14CD-ny-10016) | 2 | 3 | 1,960 sqft | $1,426 | $2,795,000 — In contract | Compass | May 7, 2026 | 159 days | ## 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 - [Park South Tower — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/park-south-tower) - [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.