NOT LISTED FOR SALE

254 Park Ave S, Unit PHM New York, NY 10010

Gramercy Park Neighborhood

Estimated Value: $1,564,806 - $1,706,000

1 Bed
2 Baths
965 Sq Ft
1913 Built

Last Sold February 04, 2022

Last sale price $1,518,213 $1,573 Per Sq Ft

Current estimated payment $10,123/month

Highlights

  • Pre War Building
  • P.S. 40 Augustus Saint-Gaudens Rated A
  • 2-minute walk to 23 Street (4,6 Line)

About This Home

As of May 2022

254 Park Avenue South, Penthouse M Flatiron, New York



Live in style in an amazing one-of-a-kind triplex loft penthouse on prime Park Avenue South! This ultra-rare gem in the heart of vibrant Flatiron is unlike anything else on the market with a unique functioning 2 bedroom layout, 2 full limestone baths, generous living-entertaining space, and an incredible 850 sq ft private roof deck for outdoor parties. Chicly-designed modern interiors are flooded with sunlight all day from huge south-facing windows and massive skylights. Soaring 12' ceilings, gorgeous dark stained wood floors & cabinetry, sleek architectural details, designer lighting & other stunning finishes make this gem a work of art and luxury retreat.



The large living-dining room is perfect for entertainment, served by an open cook's kitchen featuring a breakfast bar and suite of premium Bosch & Liebherr stainless steel appliances. A washer-dryer combo offers laundry convenience. Off the entry is a high-end full bath with walk-in shower & staircase rising to the spacious loft-mezzanine. This fabulous flex space can be used as guest sleeping quarters, storage, etc. Laddered stairs take you to the light-drenched sky-lit top floor presenting the primary & 2nd bedrooms, and a full bath with soaking tub. Both bedrooms access the incredible 36'9" x 23'4" roof deck that dazzles with expansive city views capturing the Clock Tower & beyond.



Built in 1913, 254 Park Ave South is a historic French limestone building, converted to an upscale condominium in 2008. A 24-hour doorman, concierge, resident manager, private gym, resident lounge, billiards & common laundry elevate the lifestyle. And what a vibrant location! Minutes to Madison Square, Gramercy & Union Square Parks, great restaurants, bars, nightlife, Whole Foods, the 6 train a block away & 8 subway lines at Union Square.

Some photos are virtually staged.

Last Agent to Rent the Property

Lisa Wong

Douglas Elliman Real Estate License #30WO0840055 Listed on: 03/18/2022

Douglas Elliman Real Estate

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,904

Year Built

  • Built in 1913

Home Design

  • 965 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Community Details

  • 123 Units
  • 254 Park Ave South Condos
  • Flatiron Subdivision
  • 13-Story Property

Listing and Financial Details

  • Property Available on 3/26/22
  • Tax Block 00849

Condo Details

Home Type

Condominium

Est. Annual Taxes

$21,904

Year Built

Built in 1913

Lot Details

0

Rental Info

  • Available Date: 2022-03-26

Listing Details

  • Cross Street: EAST 20 STREET and EAST 21 STREET
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Flatiron
  • Architectural Style: Prewar
  • Entry Level: 13
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 13

Interior Features

  • Appliances: Dryer, Washer
  • Living Area: 965.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 1

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: 254 PARK AVE SOUTH
  • Units: 123
  • Total Stories: 13
  • Year Built: 1913

Tax Info

  • Tax Block: 00849

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Feb 4, 2022
Sold by
254 Pas Property Llc
Bought by
Chang Michael
Seller's Agent
Justin Tuinstra
Douglas Elliman Real Estate
List Price
$1,550,000
Sold Price
$1,518,213
Premium/Discount to List
-$31,787
-2.05%
Current Estimated Value
$1,522,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,694
Avg. Annual Appreciation
0.92%
Original Mortgage
$1,240,000
Outstanding Balance
$1,157,985
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$409,937
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Chang Michael $1,550,000 --
Chang Michael $1,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Michael $1,240,000
Closed Chang Michael $1,240,000
Previous Owner 254 Pas Property Llc $14,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Rented $7,990 0.0% --
05/12/2022 05/12/22 Under Contract -- -- --
05/03/2022 05/03/22 Price Changed $7,990 -6.0% $8 / Sq Ft
03/18/2022 03/18/22 For Rent $8,500 0.0% --
02/04/2022 02/04/22 Sold $1,518,213 -2.1% $1,573 / Sq Ft
11/12/2021 11/12/21 For Sale $1,550,000 -- $1,606 / 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
2025 $21,904 $176,297 $29,872 $146,425
2024 $21,904 $175,205 $29,872 $145,333
2023 $21,376 $174,257 $29,872 $144,385
2022 $22,891 $191,395 $29,872 $161,523
2021 $22,144 $180,520 $29,872 $150,648
2020 $22,778 $199,944 $29,872 $170,072
2019 $21,628 $195,451 $29,872 $165,579
2018 $20,502 $188,624 $29,872 $158,752
2017 $18,844 $181,368 $29,873 $151,495
2016 $18,049 $173,743 $29,873 $143,870
2015 $12,255 $136,650 $29,872 $106,778
2014 $12,255 $125,600 $29,873 $95,727
Source: Public Records

Agents Affiliated with this Home

  • Lisa Wong

    Landlord's Agent in 2022

    Lisa Wong

    Douglas Elliman Real Estate

    (917) 346-6046

    11 Total Sales

    Section Image
  • Justin Tuinstra

    Seller's Agent in 2022

    Justin Tuinstra

    Douglas Elliman Real Estate

    (917) 535-3113

    16 in this area

    95 Total Sales

    Section Image
  • Glenn Davis

    Seller Co-Listing Agent in 2022

    Glenn Davis

    Douglas Elliman Real Estate

    (917) 502-3629

    14 in this area

    114 Total Sales

    Section Image
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About This Building

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10771567

Real Estate Board of New York (REBNY)

APN: 0849-1723

New York New York County New York 10003 Gramercy Park

254 Park Ave S Unit PHM, New York, NY

This home is located at 254 Park Ave S Unit PHM, New York, NY 10010 since 18 March 2022 and is currently priced at $1,624,202. This property was built in 1913. 254 Park Ave S Unit PHM 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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