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Park South Tower, 425 Park Avenue South, #20B

$1,875,000 -6.3% | 2 beds, 2 baths
View Full Building Profile  | 
133 days on Market

Key Details

  • Listed: Feb 7, 2024
    Last Price Change: -6.3% ($125,000) on Apr 15
    Days on Market: 133
    Building Type: Cooperative
    Neighborhood: Flatiron/Union Square (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $5,468
Est. Monthly Mortgage: $9,346
Total Est. Monthly Carrying Cost: $14,814
Note: the above is based on a down payment of 25% ($468,750), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: Desirable Flatiron/Union Square Neighborhood
  • This property is situated in the highly sought-after Flatiron/Union Square neighborhood, with close proximity to great restaurants, shops, Madison Square Park and Gramercy Park. It also offers good public transportation options nearby.
  • Stunning Views: Iconic New York City Landmarks
  • The apartment offers stunning views of iconic New York City landmarks with three exposures providing sweeping views and a sense of spaciousness. The dining room and living room overlook Park Avenue, offering a unique city living experience.
  • High-End Interiors: Attention to Detail
  • The well-appointed 2-bedroom layout features a custom kitchen with top-of-the-line stainless steel appliances, a primary bedroom with a brand new marble bathroom and dedicated gym area, and a guest bathroom with luxurious marble finishes.

Description

Situated at a coveted corner apex of Park Avenue South, 20B takes full advantage of its surroundings, offering stunning views of iconic New York City landmarks such as the Empire State and Chrysler buildings through curved windows that allow for outstanding light.

The corner residence boasts three exposures, providing sweeping views from all angles and creating a sense of openness and spaciousness within the space. The well-appointed 2-bedroom layout is designed with careful attention to detail, offering a balance of functionality and elegance.

The custom kitchen is a standout feature, equipped with top-of-the-line stainless steel appliances and a generous island that serves as a focal point for gatherings and culinary activities. The primary bedroom exudes luxury with its brand new marble bathroom and a dedicated gym area, providing residents with a private retreat within the home.

The guest full bathroom also features the same luxurious marble finishes, adding to the overall sense of sophistication.

With a dining room and living room overlooking Park Avenue, residents can enjoy both the vibrant energy of the city and the serene beauty of the surroundings. Overall, 20B offers a blend of modern luxury and classic New York charm, making it a highly desirable place to call home.

There is a current assessment in effect for Local Law 11 in the amount of 495.88 paid monthly in effect until December 31, 2025. Flip tax $6 per share paid by the seller.

425 Park Avenue South is a prewar co-op situated in the thriving neighborhood of NoMad just steps from many great restaurants and shops, and close to both Madison Square Park and Gramercy Park.

The building was converted to a co-op in 1980, featuring loft-like apartments with 11’ ceilings. There is a part-time doorman, live-in super, laundry and storage on each floor, and a beautiful roof deck with amazing views.

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Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About Park South Tower, 425 Park Avenue South

62

Park South Tower, 425 Park Avenue South has received a CityRealty Rating of 62, 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

21
Out of 44
+
21
Out of 36
+
13
Out of 39
+
7
=
62
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:
Unattractive 0 out of 3 points
Alterations:
None 2 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:
Allowed and Present 0 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:
Average Mix 2 out of 5 points
Distance To Neighborhood Center:
Less than 30 blocks 3 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:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 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:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 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:
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:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1980
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator

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Pros
  • Live-in super
  • Storage and laundry facilities on every floor
  • High ceilings
  • Pets allowed
  • Doorman
  • Beautiful planted roof deck
  • Few units per floor
  • Close to Subway
Cons
  • No balconies
  • Protruding air-conditioners
  • No concierge
  • No garage
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Subways

  1. 6
at Park Ave 0.08 miles
  1. R
  2. N
at Broadway 0.30 miles
  1. M
  2. B
  3. D
  4. F
  5. Q
at 6th Ave 0.46 miles

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