NOT LISTED FOR SALE

240 Park Ave S Unit 16PHA New York, NY 10003

Gramercy Park Neighborhood

Estimated Value: $3,554,000 - $5,780,120

3 Beds
4 Baths
2,310 Sq Ft
$3,314/mo HOA Fee

Last Sold September 21, 2018

Last sale price $5,850,000 $2,532 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $33,299/month

315 Days on Market

Highlights

  • Pre War Building
  • 3-minute walk to 23 Street (4,6 Line)
  • 4-minute walk to Union Square Park
  • P.S. 40 Augustus Saint-Gaudens Rated A
  • Laundry Facilities

About This Home

As of September 2018

Overlooking Gramercy Park and towering above Park Avenue, this exquisitely customized Penthouse is a Gwathmey Siegel masterpiece. Boasting 3 gracious bedrooms and 3.5 baths with glorious views from South, East and West exposures including 12' ceilings with walnut inserts and theatrical lighting throughout, limestone-clad walls and an oversized great room with a center fireplace and custom limestone mantel.

The penthouse has an integrated Control4 intelligent home and entertainment system, which operates universal audio, TV, iPod, lighting, motorized blackout and solar shades, Media Decor moving art screen, and central air system with built-in and wireless remote touch screens.

This lofty penthouse on the 16th floor features large windows with excellent views. The oversized living/dining room with East facing windows was designed with custom floating walnut shelves and cabinetry. The chef's kitchen is finished with Caesarstone Quartz countertops, custom cabinetry and top-of-the-line appliances including Sub-Zero refrigerator, Viking wine cooler, Dornbracht faucets, Kueperbusch cooktop with pot filler and dishwasher and built in coffee machine by Miele.

All bedrooms have en suite bathrooms, with a timeless design in a neutral palette. The master suite features a built-in king bed with leather paneled headboard and a built in closet storage system. The spa-like master bathroom has custom carved double sinks with Dornbracht fixtures, a hidden television embedded in the vanity mirror, a deep-soaking tub, and a steam shower with multi-spray and rainfall shower head. The third bedroom has been built out with paneled walnut, custom bookmatched cabinets and twin desks with stone tops.

Five-star amenities and a vibrant downtown location nestled between Gramercy, Union Square and Madison Square Parks, make 240 Park Avenue South the ultimate living experience. Amenities include 24-hour concierge and doorman, live in super, brand new 1,500 square foot fitness room, meeting room, children's playroom and landscaped courtyard.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $31,584

Year Built

  • Built in 2008

HOA Fees

  • $3,314 Monthly HOA Fees

Home Design

  • 2,310 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Utilities

  • No Cooling

Listing and Financial Details

  • Tax Block 848

Community Details

Overview

  • Flatiron Subdivision
  • 17-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$31,584

Year Built

Built in 2008

Lot Details

0

HOA Fees

$3,314 per month

Listing Details

  • Cross Street: 19th Street
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: FLATIRON
  • Architectural Style: Prewar
  • Entry Level: 16
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Living Area: 2310.0
  • Living Area Units: Square Feet
  • Rooms (Total): 5

Beds/Baths

  • Bathrooms Integer: 4
  • Bedrooms: 3

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common Area
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 3314.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: No
  • Total Stories: 17
  • Year Built: 2008

Tax Info

  • Tax Block: 848
  • Tax Annual: 31584.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2017
Closed on
Sep 20, 2018
Sold by
Kleinman Trustee Ira D
Bought by
Weisser Alberto
List Price
$7,250,000
Sold Price
$5,850,000
Premium/Discount to List
-$1,400,000
-19.31%
Total Days on Market
315
Current Estimated Value
$4,638,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,211,220
Avg. Annual Appreciation
-3.40%

Purchase Details

Closed on
Dec 6, 2012
Sold by
Kleinman Ira D
Bought by
Kleinman As Trustee Ira D and The Ira D Kleinman 2012 Trust

Purchase Details

Closed on
Apr 9, 2008
Sold by
240 Park Avenue South Lp
Bought by
Kleinman Ira D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.93%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weisser Alberto $5,850,000 --
Kleinman As Trustee Ira D -- --
Kleinman Ira D $4,781,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kleinman Ira D $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $5,850,000 -19.3% $2,532 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
10/10/2017 10/10/17 For Sale $7,250,000 -- $3,139 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $47,336 $378,626 $26,873 $351,753
2023 $38,087 $376,346 $26,873 $349,473
2022 $37,516 $376,007 $26,873 $349,134
2021 $43,635 $355,714 $26,873 $328,841
2020 $36,230 $393,824 $26,873 $366,951
2019 $40,780 $384,966 $26,873 $358,093
2018 $31,583 $371,519 $26,873 $344,646
2017 $29,842 $340,866 $26,874 $313,992
2016 $22,435 $312,302 $26,873 $285,429
2015 $5,178 $250,159 $26,873 $223,286
2014 $5,178 $261,472 $26,873 $234,599
Source: Public Records

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10439208

Real Estate Board of New York (REBNY)

APN: 0848-1350

New York New York County New York 10003 Gramercy Park

240 Park Ave S Unit 16PHA, New York, NY

This home is located at 240 Park Ave S Unit 16PHA, New York, NY 10003 since 04 October 2017 and is currently estimated at $4,638,780, approximately $2,008 per square foot. This property was built in 2008. 240 Park Ave S Unit 16PHA is a home located in New York County with nearby schools including P.S. 40 Augustus Saint-Gaudens, Simon Baruch Middle School 104, and Clinton School.

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Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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