RealtyLens
for saleRealtyLens property overview
$14,225,000

240 Park Ave S Apt 17

New York, NY, 10003
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3Beds
3.5Baths
3,900Sqft
$3647$/sqft

Listing Notes

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.

Market Insights

Above nearby median+27%

$3647/sqft vs a nearby median of $2865/sqft.

Nearby median$2865/sqft
Nearby properties12
Property size3,900 sqft
  • +27% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 3,900 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$12M$10M$13M · 50% confidence
vs ask $14M+$2.72M (+19.1%)

Asking price is about 19.1% above where comps + adjustments land — there is room to negotiate.

$2,865/sqft median across 12 tight comps × 3,900 sqft= $11M
  • Days-on-market gravity−$335k −3.0%
  • Transit access+$279k +2.5%
  • High-density walkability+$223k +2.0%
  • Modern construction+$168k +1.5%
Cumulative NYC adjustments+$335k+3.0%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+27% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
203 days
Last price change
No change recorded
Listed
Oct 21, 2025
Photos
30 photos
Property type
condos
Status
for sale
Last sold
Dec 5, 2014 · $16,000,000

Features & Amenities

DoormanElevatorFireplaceRiver ViewViewWasher DryerWater ViewTwo Or More StoriesBasketball CourtMedia RoomSolar SystemElevatorEnsuiteSmart HomesBasketballViews

Photos

Building Facts

Year built
2008
Stories
17
Total units
51
Residential units
48
Building area
2.14 ac
Lot size
7,860 sqft
Land use
Mixed residential and commercial buildings
Building class
RX

From NYC public records where available.

Price History

May 4, 2026Initial record
$14,225,000for sale

Public Records

DOB violations2 open

68 total recorded against the building

HPD violations0 open

0 total recorded

ACRIS documents0

Tax-lot deed, mortgage, and transfer records on file

311 calls (12 mo)26,944

Top: encampment

Top complaint types in ZIP 10003

  • Encampment4,310
  • HEAT/HOT WATER1,993
  • Noise - Residential1,903
  • Illegal Parking1,877
  • For Hire Vehicle Complaint1,497

Recent DOB

  • Feb 22, 2023V-DOB VIOLATION - ACTIVE · FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED
  • Aug 23, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
  • Aug 23, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
  • Sep 17, 2019V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED

Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.