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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.

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  1. Home
  2. New Developments
  3. New York City
  4. Manhattan
  5. 10003
  6. 240 PARK Avenue #PH17
Property thumbnail
1 / 30
★ Sponsor Unit
✓ No Board Approval Required
Condominium•Flatiron

240 PARK Avenue #PH17, New York City, NY 10003

Listing Courtesy of Douglas Elliman Real Estate

$14,225,000

Potential Rebate: $213,375

Condominium
3 Beds
4 Baths
6 Rooms
3,900 sqft
17 Stories
3,647/ft²
Listed on Oct 20, 2025
67 days on market
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Overview

<p> 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.</p> <p> 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.</p> <p> 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.</p> <p> 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.</p> <p> 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.</p> <p> 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.</p> <p> 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.</p> <p> 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.</p>

Home Features

  • •Washer Hookup
  • •In Unit
  • •City
  • •Panoramic

Estimated Monthly Payment

$77,016 per month

30 year fixed, 6.28% Interest

Principal and Interest
$70,291
Property Taxes
$0
Maintenance/Common Charges
$6,725

Estimated Rebate for this Home

One-time rebate at closing

$213,375

Monthly savings impact

$593/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).

Similar Homes

243 East 17th Street, New York City, NY 10003
Listed on May 9, 2025
43 Photos
$13,995,000

243 East 17th Street, New York City, NY 10003

Listing Courtesy of Sothebys International Realty

6 Beds
6 Baths
15 Rooms
8,500 sqft
Built 1852
View Details

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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 Douglas Elliman Real Estate

Data Source: TRESTLE #RLS20055559

REBNY Logo

Price Analysis

Compare average listing prices and value metrics for 240 PARK Avenue against the surrounding Flatiron market.

Based on 3 active units in building vs 91 in area

Average List Price

Building$6.4M
Neighborhood$3.6M

Price Per SqFt

Building Avg$2,418/ft²
Neighborhood Avg$1,878/ft²
Premium Market

28.76% Higher

than the Flatiron price-per-sq-ft average

This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Flatiron.

Flatiron

Overview of Flatiron

Flatiron is named after its iconic building. It is a hub of tech and design. For buyers seeking Flatiron Manhattan real estate, it offers loft living.

Living in Flatiron is central. As a Manhattan NYC neighborhood, it is fashionable.

Real Estate & Housing Market

The market for homes for sale in Flatiron includes sprawling lofts.

Lifestyle & Community

The lifestyle in Flatiron is sophisticated.

Transportation & Accessibility

Flatiron is served by the N/R/W trains.

Parks, Schools & Amenities

Madison Square Park is the front yard.

Amenities: Eataly Eataly is a major draw.

Who This Neighborhood Is Best For

Flatiron is best for fashionistas and tech workers.

Flatiron GuideAll Neighborhoods
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