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254 Park Avenue South, #12DG

$4,750,000 ($2,209 per ft2) -4.9% | 2 beds, 2.5 baths | Approx. 2,150 ft2
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87 days on Market

Key Details

  • Listed: Jan 31, 2024
    Last Price Change: -4.9% ($245,000) on Feb 13
    Days on Market: 87
    Building Type: Condominium
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $2,978
Monthly Real Estate Taxes: $3,910
Total Taxes & Fees: $6,888 ($3.20/ft2)
Est. Monthly Mortgage: $26,233
Total Est. Monthly Carrying Cost: $33,121 ($15.41/ft2)
Note: the above is based on a down payment of 20% ($950,000), which is the minimum amount permitted by the building.

Open house:

  • The afternoon of Sunday, Apr 28
By appointment only.

Insider Highlights

  • Prime Location: This pre-war loft condominium is located in the highly sought-after Flatiron/Union Square neighborhood, offering convenience to major transportation, a farmers’ market, and top restaurants.
  • Luxurious Interiors: The condo boasts soaring 12-foot-tall ceilings, an expansive great room, and 18 deep-set windows for abundant natural light. It features luxurious finishes including Ebony Oak flooring, Negro Marquina marble slabs, and White Panda marble in the kitchen.
  • High-End Amenities: The building offers full-time doorman and concierge service, a private gym, Park Lounge, Billiards, Poker Room, Bar, and an on-site resident manager. Pets are welcome and subletting is permitted.
  • Modern Kitchen: The kitchen is equipped with high-end Gaggenau and Thermador appliances, providing a perfect blend of style and functionality.
  • Comfortable Bedrooms: The primary bedroom offers ample room for seating and dressing, while the second bedroom comes with an en suite bathroom and separate rain head shower.
  • Smart Home Features: The condo is fitted with CitiQuiet sound proof windows, an integrated sound system, and a fully integrated Lutron A/V system. Additionally, there is a laundry room with washers and dryers.

Description

Rarely seen in this location, this beautifully arranged residence, with soaring 12-foot-tall ceilings, commands a prominent position above Gramercy - Flat Iron. Occupying the coveted Southeastern corner of Park Avenue South, it boasts a dramatic apex that overlooks Gramercy Park and beyond. Meticulously renovated to the most exacting standards befitting its premier location and breathtaking views, this residence is an exquisite, pre-war loft condominium.

Every detail has been thoughtfully designed, resulting in a remarkable living space.

The expansive Great Room is flooded with natural light, featuring 18 deep-set windows flanking the entire corner. The scale of this two-bedroom, two-bathroom, plus powder room, is unparalleled in its proportion throughout the entire floor plan. The building showcases superb ceiling heights, adding to the overall sense of space.

Upon entering, you are greeted by a phenomenal foyer outfitted with Ebony Oak flooring and 11-inch high moldings.

The Great Room spans over 50 feet, with deep set windows overlooking Park Avenue South, and a TV wall that is adorned with luxurious Negro Marquina marble slabs, creating a stunning focal point. The kitchen is a culinary masterpiece that has been completely reimagined with White Panda marble slabs, complementing the high-end Gaggenau and Thermador appliances. All sinks and doors in the residence are custom-designed, adding a unique touch to the luxurious living space.

The primary bedroom wing offers exceptional size, scale, and layout, providing ample room for a comfortable seating area and dressing space.

The spa-level finishes in the primary bathroom are unparalleled, featuring a gorgeous built-in tub, and an oversized glass steam shower, all adorned with Calacatta Statuario porcelain 5’ x 10’ slabs, creating an atmosphere of timeless elegance. No expense was spared in this couples’ primary bath.

The additional second bedroom boasts great proportions, superb light, and privacy, with an en suite bathroom featuring a separate rain head shower and beautiful Gold Calacatta porcelain slabs. The additional powder room boasts New Portoro porcelain slabs.

In addition to the finest finishes, this residence is outfitted with smart home systems to enhance your comfort and convenience.

CitiQuiet sound proof windows in both bedrooms, an integrated sound system, and a fully integrated Lutron A/V system add a modern touch. Additional amenities include a laundry room with washers and dryers, making this home a fully integrated, renovated, state-of-the-art experience.

This residence offers a unique opportunity to own one of Gramercy’s largest pre-war residences in one of the area’s most sought-after buildings. 254 Park Avenue South is a full-service condominium that provides a private gym and Park Lounge, a 1,400-square-foot social space housing Billiards, Poker Room, Bar, and an on-site resident manager.

The building is exclusive and meticulously manicured, with a 24-hour doorman and concierge. Convenient to all major transportation, the farmers’ market, and some of the best restaurants in New York City, this truly is a rare find.

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Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 254 Park Avenue South

70

254 Park Avenue South has received a CityRealty Rating of 70, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

24
Out of 44
+
24
Out of 36
+
14
Out of 39
+
8
=
70
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
Some 0 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 2008
  • Concierge
  • FT Doorman
  • Pre War
  • Resident Storage
  • Central AC
  • Washer/Dryer in building
  • Elevator
  • Lounge
  • Fitness Center
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Game Room
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Close to Gramercy Park
  • Doorman
  • Live-in superintendent
  • Pets allowed
  • Poker room in basement
  • Fitness center
  • Good public transportation
  • Convenient to Flatiron and Union Square Districts
  • Pre-war building
  • Close to Subway
Cons
  • Considerable traffic
  • No sidewalk landscaping
  • No balconies
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Subways

  1. 6
at Park Ave 0.11 miles
  1. N
  2. R
at Broadway 0.20 miles
  1. Q
  2. 4
  3. 5
  4. L
at Broadway and 16th 0.24 miles
  1. M
  2. F
at 6th Ave 0.39 miles
  1. 1
  2. 2
  3. 3
at 6th Ave and 16th 0.43 miles

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