Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
240 PARK Avenue S #PH17

For Sale · Listing by Douglas Elliman Real Estate

240 PARK Avenue S #PH17

Flatiron, Manhattan

$14,225,000

Interested in this property?
Active For Sale Condo

$14,225,000

$3,647 per sq ft

240 PARK Avenue S #PH17

Flatiron, Manhattan

MLS® #RLS20055559

RLS at REBNY

Listing by Douglas Elliman Real Estate

3
Bedrooms
3.5
Baths
3,900
Sq. Ft.
2008
Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Living Area 3,900 sq ft
Year Built 2008
Ownership Condo
HOA/Common Charges $8,091/mo
Property Taxes Contact for details
Neighborhood Flatiron
Floor 17 of 17

Property Highlights

  • Views: City, Panoramic
  • Exposure: North,South facing
  • Fireplace: 1 fireplace

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 3 Full, 1 Half
Floor 17 of 17
View City, Panoramic
Exposure North,South
Cooling Other
Pets Yes
Year Built 2008 (New)
Living Area 3,900 sq ft
Structure Type HighRise
Basement Other
Block/Lot 00848/1352

Listing History

Event Date Price Change
Listed Oct 20, 2025 $14,225,000 -
Currently Aug 13, 2026 $14,225,000 -

Description

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.

Features & Amenities

Interior Features

Building None Washer Hookup In Unit Fireplace (1)

Exterior Features

None

Building Amenities

Storage

Building Information

Building Data View Compliance & Permits
Total Units 51
Stories 17
Structure HighRise

Financial Details

Common Charges $8,091/mo
RE Taxes Contact for details

The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.

Flatiron Live Market Data

View Neighborhood

Active Listings

95

Median Asking Price

$2.25M

Median $/Sqft

$1,839

Avg Days on Market

N/A

New This Week

0

Price Reduced

32%

Sold (30 Days)

7

Median Sale Price

$2.48M

Live data from RLS at REBNY • Updated 8/13/26, 7:40 AM EST

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Location

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240 PARK Avenue S #PH17, Flatiron, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1924
Year Built
102 years old
20
Floors
C5-3
Zoning District

Tax & Assessment

Assessed Value: $73,718,550
Land Value: $13,882,500
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 24,970 SF
Building Area: 519,783 SF
Built FAR: 20.82
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $8,091 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 3 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 3,900 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2008, making it approximately 18 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property: N/A,Building Pets Allowed Comments:N/A. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $14,225,000 for 3,900 sq ft, the asking price per square foot is approximately $3,647. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20055559
First Listed: 10/20/2025
On Market: 10/20/2025
Price Changed: 10/20/2025
Contract Date: 10/20/2025

Listing Courtesy of Douglas Elliman Real Estate - Michael C Graves

Listing Contact: (212) 932-2222

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/13/2026 at 11:40 AM UTC

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Flatiron Market Update

7 sales last 30 days · $2.25M median · 13.6 months supply

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Quick Facts

Status Active Type Condo Neighborhood Flatiron Borough Manhattan
County New York
Floor 17 of 17
Year Built 2008
First Listed 10/20/2025
Living Area 3,900 sqft
Common Charges $8,091/mo

Monthly Costs Estimate

Down Payment 20%

$2,845,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $8,091
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $10M to $14,999,999 at 3.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$462,313

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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