NOT LISTED FOR SALE

Estimated Value: $2,128,602 - $2,758,000

2 Beds
3 Baths
1,340 Sq Ft
$1,722/Sq Ft Est. Value

About This Home

This impeccably renovated, spacious 1,350 square foot 2 bedroom, 2.5 bathroom condo in pristine condition, is located in a premium full-service pet-friendly condominium building. Situated at the intersection of Gramercy Park and the Flatiron District, this prime location offers the convenience of being within walking distance to Madison Park and Union Square.

This exceptional home is perfect for comfortable living, working, and entertaining. The interior features beautiful hardwood oak floors, soaring 11-foot ceilings, and generously sized windows that provide abundant natural light and breathtaking views of the Madison Square clock tower from every room.The recently updated open-chef's kitchen boasts top-of-the-line appliances including a Subzero refrigerator, Viking stove, dishwasher, microwave, and wine fridge. Additional luxurious amenities include an in-unit premium Miele washer/dryer, solar and blackout shades in all rooms, and a custom audio/video installation in the living room, complete with a wall-mounted 65" 4K LG OLED TV, Sonos surround sound, subwoofer, and Apple TV. As you enter, you'll find a powder room with a half bath and a spacious custom-designed California Closets coat closet, making it an ideal space for hosting guests.

The palatial master suite offers three large custom California Closets with lighting installations and ample space to accommodate a king-size bed, seating area, and work station. The master suite also features a flush-mounted Samsung 48" TV and Apple TV for your entertainment. The en-suite spa-like master bathroom boasts elegant limestone floors, double sinks, a luxurious rain shower, and a separate soaking tub. The second bedroom is designed with flexibility in mind, with a built-in custom Italian queen-sized wall bed and sofa that effortlessly transforms the space from a bedroom to an office or additional entertainment area.The bedroom also includes its own full en-suite bathroom, custom wallpaper, and a generously sized custom-designed walk-in closet by California Closets.Residents of this remarkable building enjoy exceptional amenities, including a recently renovated gym and three rooftop terraces that offer stunning views. Additional conveniences include bicycle storage, cold storage for groceries, and 24-hour doorman/concierge services. Located just one block from the 6 train and two blocks from the N/R line, and with easy access to popular destinations such as Eataly, Trader Joe's, the Union Square Greenmarket, and two Whole Foods locations, 260 Park Avenue South offers the perfect combination of luxury and convenience.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2021
Sold by
A & J 2012 Trust
Bought by
Banga Aditi
Current Estimated Value
$2,307,151

Purchase Details

Closed on
Oct 15, 2020
Sold by
Ajaypal Singh Banga Irrevocable Trust
Bought by
A & J 2012 Trust and Ritu Banga, As Trustee

Purchase Details

Closed on
Aug 7, 2015
Sold by
Feldchtein Debra and Fields Debra
Bought by
Ajaypal Singh Banga Irrevocable Trust

Purchase Details

Closed on
Feb 9, 2006
Sold by
260 Park Avenue South Llc
Bought by
Feldstein Debra and Weinberg Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,336,000
Interest Rate
6.17%

Range of Values:

Collateral Analytics

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ICE

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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
Banga Aditi $2,250,000 --
A & J 2012 Trust -- --
Ajaypal Singh Banga Irrevocable Trust $2,672,500 --
Feldstein Debra $1,670,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feldchtein $1,336,000
Previous Owner Feldchtein $167,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Rented $11,250 -6.3% --
07/24/2023 07/24/23 Under Contract -- -- --
06/26/2023 06/26/23 Price Changed $12,000 -7.7% $9 / Sq Ft
05/23/2023 05/23/23 For Rent $12,995 -- --

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 $26,270 $210,123 $44,259 $165,864
2023 $25,791 $206,293 $44,259 $162,034
2022 $19,901 $217,219 $44,259 $172,960
2021 $23,066 $188,033 $44,259 $143,774
2020 $22,800 $208,268 $44,259 $164,009
2019 $21,987 $203,585 $44,259 $159,326
2018 $21,862 $187,878 $44,259 $143,619
2017 $21,645 $178,433 $44,260 $134,173
2016 $21,439 $166,297 $44,259 $122,038
2015 $13,906 $159,563 $44,259 $115,304
2014 $13,906 $167,242 $44,260 $122,982
Source: Public Records

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