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400 Park Avenue South, #26C

$5,450,000 ($1,937 per ft2) | 3 beds, 2.5 baths | Approx. 2,814 ft2
View Full Building Profile  | 
17 days on Market

Key Details

  • Listed: Apr 15, 2024
    Days on Market: 17
    Building Type: Condominium
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $4,280
Monthly Real Estate Taxes: $5,755
Total Taxes & Fees: $10,035 ($3.57/ft2)
Est. Monthly Mortgage: $30,247
Total Est. Monthly Carrying Cost: $40,282 ($14.31/ft2)
Note: the above is based on a down payment of 20% ($1,090,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: Situated in the desirable Flatiron/Union Square neighborhood, this property is in close proximity to public transportation with an entrance to the 28th Street station of the 4 and 6 trains. Madison Square Park is just a block away, offering a perfect blend of city life and green space.
  • Design: This stunning residence is designed by Pritzker-Prize winning architect, Christian de Portzamparc. It features high ceilings, open living spaces, and white oak floors, providing a luxurious and spacious living environment.
  • Kitchen and Bathrooms: The apartment boasts kitchens with glass-faced Pedini cabinetry and quartzite countertops, and bathrooms with marble vanities and heated limestone floors. These features add a touch of elegance and sophistication to the residence.
  • Luxury Amenities: The building offers a range of luxury amenities including 24/7 concierge service, sky lounge with outdoor space, garden courtyard, residents’ lounge, media room, playroom, screening room, golf simulator, conference meeting room, and a state-of-the-art fitness center.
  • Fitness Center: The fitness center includes a lap pool with jacuzzi, a yoga room, a spin room, and a steam room. Additionally, the building features a landscaped 27th floor terrace, and a fitness suite with a gym, swimming pool, steam room, a yoga room, and a spinning studio.
  • Environmentally Friendly: The building is LEED-certified for its environmentally-friendly features. The residence can be delivered with tenant or vacant, providing flexibility for the buyer.

Description

26C is a stunning three-bedroom in a full-service condo with 11’ ceilings, two living rooms, open chef’s kitchen, sweeping river & skyline views, elegant home-office, four walk-in-closets, and immaculate finishes throughout the sophisticated living space.

400 Park Avenue South is a luxury condominium in the heart of NoMad with 81 residences. The 40 story-building was designed by Pritzker-Prize winning architect, Christian de Portzamparc in 2014. Luxury amenities include 24/7 concierge service, 27th floor sky lounge with outdoor space, garden courtyard, residents’ lounge, media room, playroom, screening room, golf simulator, conference meeting room, and a state-of-the-art fitness center that includes a lap pool with jacuzzi, a yoga room, a spin room, and a steam room.

Tenant in place till March 2025 providing a 2.4% CAP rate.

Current market rents deliver a 2.9% CAP.

End-user and 10-31 Exchange opportunity. The residence can also be delivered with tenant or vacant.

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Apartment Amenities

  • City View

Listing Agent (Seller's Representative)

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 400 Park Avenue South

88

400 Park Avenue South has received a CityRealty Rating of 88, 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

31
Out of 44
+
27
Out of 36
+
20
Out of 39
+
10
=
88
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 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:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 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:
Less than 3 Short Blocks 2 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:
3-6 Short Blocks 1 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:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes, with Swimming Pool 2 out of 2 points
Private Gardens:
Yes, but Small 1 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 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:
Yes 1 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Central AC
  • Health Club
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Children's Playroom
  • Lounge
  • Fitness Center
  • Rooftop Terrace
  • Courtyard
  • Bike Room
  • LEED Accreditation
  • Live-In Superintendent
  • Screening Room
  • Spa / Therapy Room
  • Terraces / Balconies

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Pros
  • Architectural masterpiece by Christian de Portzamparc
  • Close to Madison Square Park
  • Good public transportation
  • 81 condos and 269 rental apartments
  • Doorman
  • Concierge
  • Health club with swimming pool
  • Striking silhouette
  • Close to Subway
Cons
  • Many apartments
  • No garage
  • No balconies
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Subways

  1. 6
at Park Ave 0.02 miles
  1. N
  2. R
at Broadway 0.28 miles
  1. M
  2. F
at 6th Ave 0.44 miles

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