--- title: "240 PARK Avenue #PH17, New York City, NY 10003" description: "240 PARK Avenue #PH17, New York City, NY 10003 — Flatiron, New York City, NY. Listing Price $14,225,000. 3 bed, 4 bath, 3,900 sqft Illustrative Buyer Commission Share of $213,375 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10003/240-park-avenue-ph17-PH17-ny-10003" source: "Real Estate Rebate Team" status: "Active" --- # 240 PARK Avenue #PH17, New York City, NY 10003 Flatiron, New York City, NY **New Development · Sponsor Residence** Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $14,225,000 - **Beds**: 3 - **Total Baths**: 4 - **Sqft**: 3,900 - **Common Charges**: $8,091 / mo - **Price per Sqft**: $3,647 - **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**: $14,225,000 - **Illustrative Buyer Commission Share**: -$213,375* - **Illustrative Net Cost**: $14,011,625 *Illustrative Buyer Savings of $213,375 — 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) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2c0ad640-c124-47ad-9628-2c3b8e0dc32a.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c19f17f3-20f5-42cd-ac9b-29981d2f2c2d.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b1e130ec-e0be-45b4-8984-893d669b56fc.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4f3a3745-8a99-4874-81ba-cb4f9d245c2b.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d2d584d6-f60b-4e5c-8382-3539372aceb1.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d89afe24-a943-4a9a-894f-5e02ea8ca60b.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/923e93d7-3908-473a-98e4-48b661ab82fa.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/785896cd-b136-418e-89c4-bcdd3ed39c8c.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/656849f4-06da-4a8c-b5f9-88c7c2bcff7d.jpg) ![240 PARK Avenue #PH17, New York City, NY 10003 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e8ef8422-921e-4b74-bc33-d4ed17b3c5f8.jpg) ## Property Overview Penthouse 17 at 240 Park Avenue South is a sophisticated full-floor residence offering panoramic views, exceptional craftsmanship, and an impeccably balanced layout. Designed for both comfort and distinction, this custom home represents the pinnacle of modern urban living. Ideally situated in the heart of the Flatiron District and rising above Gramercy Park, the residence was thoughtfully conceived by B Five Studio in collaboration with Silver Rail Construction. A private coded elevator opens to a gracious entry gallery with two points of entry into the home. Upon entering through the main door, you are greeted with expansive art walls, custom lighting, Italian porcelain floors, and hand-applied plaster walls. Comfort is enhanced throughout by radiant in-floor and in-wall heating and a fully integrated humidification system. The dramatic great room features a gas fireplace with a limestone surround, a large dining area, and a dry bar, all complemented by a Crestron-controlled lighting and audio system. Floor-to-ceiling, museum-grade UV-protected windows frame sweeping views of Gramercy Park, the Chrysler Building, and the Empire State Building. With approximately 12-foot custom-molded ceilings, the home includes three bedrooms, three bathrooms, a powder room, an eat-in kitchen, pantry, laundry room, home office, and dedicated HVAC and AV rooms. The kitchen blends precision and elegance, featuring Eggersmann stainless-steel base cabinetry with motorized upper cabinets, a Caesarstone island with seating, and top-tier appliances including a Wolf gas range with external exhaust, Miele ovens, dual dishwashers, steamer, and built-in espresso maker, alongside Sub-Zero refrigeration and wine storage. The primary suite is illuminated by natural light and open sunset views, offering two closets, a dressing room, and a spa-caliber en-suite bath finished in Olympic Gray marble with Dornbracht fixtures, a double vanity with TV mirror, deep soaking tub, and double shower. The second bedroom includes an en-suite bath with glass shower and decorative tile, while the third bedroom-currently configured as a media room-features acoustically enhanced windows and Lutron solar and blackout shades. A separate home office offers multiple workstations and direct lobby line access through a Panasonic commercial phone system. Additional features include a laundry room with full-size LG washer and dryer (externally vented), a comprehensive Crestron smart system with integrated speakers and subwoofers, and Lutron Grafik Eye lighting panels. The residence is powered by 208-volt, 3-phase commercial-grade electricity with its own ConEd meter, high-speed WiFi, and dual service from Spectrum and Verizon Fios. The advanced HVAC system provides hydronic radiant heating through floors and walls, seven-zone climate control, and variable refrigerant flow cooling across five independent zones. Residents of 240 Park Avenue South enjoy a full suite of amenities, including a 24-hour concierge and doorman, live-in superintendent, newly built 1,500-square-foot fitness center, children's playroom, and basketball court. Surrounded by Gramercy, Union Square, and Madison Square Park, this address represents downtown living at its most refined. ## Property Details - **Property Type**: Condominium - **Beds**: 3 - **Total Baths**: 4 - **Rooms**: 6 - **Sqft**: 3,900 sqft - **Stories**: 17 - **Year Built**: 2008 - **Price per Sqft**: $3,647 - **Common Charges**: $8,091 / Monthly - **Listed On**: Oct 20, 2025 - **Days on Market**: 335 Days ### Residence Features - Washer Hookup - In Unit - City - Panoramic ## 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) ## Estimated Monthly Payment **$80,020 / month**, assuming a 20% down payment ($2,845,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $71,929 - **Common Charges**: $8,091 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 8 apartments at 240 PARK Avenue have recorded sales since September 2021, the most recent for $2,875,000 in March 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 5A (Apartment) | 2 | 1,581 | $2,875,000 | $1,818/ft² | March 27, 2026 | MLS | | 10B (Apartment) | 3 | 2,125 | $3,300,000 | $1,553/ft² | August 28, 2025 | MLS | | 6A (Apartment) | 2 | 1,581 | $2,750,000 | $1,739/ft² | June 27, 2025 | MLS | | 8D (Apartment) | 1 | 805 | $1,415,000 | $1,758/ft² | May 16, 2025 | MLS | | 4B (Apartment) | 5 | 2,125 | $5,875,000 | $2,765/ft² | October 4, 2024 | MLS | | 12A (Apartment) | 3 | 2,386 | $3,710,000 | $1,555/ft² | January 25, 2024 | MLS | | 14C (Apartment) | 2 | — | $1,999,999 | — | November 3, 2022 | MLS | | 5C (Apartment) | 2 | 1,472 | $1,900,000 | $1,291/ft² | September 29, 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**: $14,225,000 - **Median sold price**: $4,200,000 - **Difference**: +$10,025,000 (+238.7%) - **This home, $/ft²**: $3,647 - **Median $/ft²**: $1,940 - **Comparable sales**: 28 - **Sales from**: September 2024 – August 2026 - **Middle half of those sales**: $3,412,500 – $5,002,500 Based on condo three-bedroom sales in Flatiron. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Flatiron instead. ### How these sales were negotiated - **Sale-to-list price**: 91.8% (26 sales) - **Sold below asking**: 96% (26 sales) - **Typical time to find a buyer**: 138 days (27 sales) - **Typical time to close**: 49 days (27 sales) Based on condo three-bedroom sales in Flatiron 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. ### Price trend Median price per square foot, sales at 240 PARK Avenue | Year | Median $/ft² | Sales | | --- | --- | --- | | 2018 | $2,037/ft² | 3 (thin) | | 2019 | $1,518/ft² | 3 (thin) | | 2025 | $1,739/ft² | 3 (thin) | Based on recorded sales at 240 PARK Avenue. 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. Sales data through August 2026. 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 240 PARK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/240-park-avenue) ## Price and Property History for 240 PARK Avenue, Unit PH17 Review the recorded listing activity for 240 PARK Avenue, Unit PH17, including asking-price changes and prior market dates. | Date | Price | Listing event | | --- | --- | --- | | June 29, 2026 | $14,225,000 | Returned to the market | | October 20, 2025 | $14,225,000 | Listed for sale by Douglas Elliman Real Estate | ## About The Building ### 240 PARK Avenue Flatiron · Condominium 240 PARK AVENUE SOUTH, New York, NY 10003 A building in Flatiron, currently featuring 3 active listings. - **Year Built**: 2008 - **Active Units**: 3 - **Floors**: 17 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/240-park-avenue) ### Available Residences — For Sale (3) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [PH17](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10003/240-park-avenue-ph17-PH17-ny-10003) | 3 | 4 | 3,900 sqft | $3,647 | $14,225,000 | Douglas Elliman Real Estate | Oct 20, 2025 | 335 days | | [3D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/240-park-avenue-3d-ny-10003) | 2 | 3 | 1,200 sqft | $1,579 | $1,895,000 (-5.0%) | Douglas Elliman Real Estate | Oct 30, 2025 | 325 days | | [6B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/240-park-avenue-6b-ny-10003) | 3 | 4 | 2,139 sqft | $1,987 | $4,250,000 | Douglas Elliman Real Estate | Sep 18, 2026 | 2 days | ## 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 - [240 PARK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/240-park-avenue) - [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.