The Third Part of our series on Park Avenue Condominium Buildings in NYC focuses on the Southern most portion of Park Avenue, known as Park Avenue South.
Running from 32nd St to 17th Street, Park Avenue South has seen a lot of gentrification and home to a number of new condominium buildings in the past 5-10 years. Park Avenue South runs through the Flatiron District and ends at what would be described as the Union Square neighborhood. Park Avenue South is desired as a location for many established and new restaurants and in very close proximity to transportation and downtown Manhattan amenities.
There are four main condominium buildings on the stretch of Park Avenue South, they include 240 Park Avenue South, 254 Park Avenue South, 260 Park Avenue South and 280 Park Avenue South.
One of the new condominium buildings along Park Avenue South was 240 Park Avenue South. Located at 19th Street and Park Avenue South, 240 Park Avenue South is a new luxury full service condominium building with a plethora of every amenity and convenience that a discerning buyer might want in a luxury condominium in downtown Manhattan. A total of approximately 50 apartments make up 240 Park Avenue South Condominium. Some of the more identifiable features of the apartments in the building include 10-11 foot tall ceilings, generously sized layouts, washer/dryer combinations, among luxury appointed kitchens and bathrooms, and double curved exposures on the South Eastern corner of the building. Designed by Gwathmey Siegel, 240 Park Avenue South definitely brings luxury residences home to a Park Avenue South address.
One Bedroom apartments are priced around $1,450,000. Two bedrooms start in pricing around $2,300,000. Three Bedrooms start in pricing around $3,550,000. Prices will vary depending on size and which floor the apartment is on, call to receive an updated list of current availability in the building.
The next Park Avenue South Condominium is 254 Park Avenue South. 254 Park Avenue South is a recent condominium conversion. Originally built in 1913, this 13 story condominium, was converted and still selling units from the sponsor developer. Apartments range in size from studio to 3 bedroom in this pre-war Park Avenue South Condominium building. Setting itself apart from the other condominium buildings along Park Avenue South is the fact that this is a pre-war condominium conversion. Many of the characteristics of a prewar building are going to be present here, characteristics that are unique and often not duplicated in new construction buildings. Many of the apartments in the building have high ceilings, lots of windows, a loft-like feel inside these unique condominium apartments.
Pricing at 254 Park Avenue South is typically a little bit lower than the other Park Avenue condominium buildings that are of new construction or condominium conversion. Studio pricing has ranged around $700,000. One Bedroom pricing has ranged starting at $1,100,000. Two Bedrooms start around $1,500,000.
The condominium known as 260 Park Avenue South is a luxury pre-war boutique condominium building. Behind the pre-war Neo-Classical facade you will find a blend of loft like layouts combined with interiors that are as sophisticated and well appointed than any expertly renovated apartment in a new construction condominium building in Manhattan. A combination of several buildings, this development built originally in 1913 and converted in the mid 20, with multiple setbacks, the views of the Manhattan Skyline and Gramercy/Flatiron neighborhoods can be taken well advantage of in many of the apartments. This pre-war condominium has a full time doorman, concierge and all of the amenities that you would expect for a luxury building.
Pricing at 260 Park Avenue South varies but here is a typical range for condominium residences at this Park Avenue Condominium location at 21st Street and Park Avenue South.
The final Park Avenue condominium residence that we will feature is 280 Park Avenue South. 280 Park Avenue South commonly known as the Gramercy Place Condominium was the original condominium building located on Park Avenue South. Made into condominium in 1988 this is one of the tallest condominium buildings along Park Avenue South at 25 stories and 280+ condominium residences. 280 Park Avenue South is a full time doorman building, with a roof top pool, health club and outdoor deck. 280 Park Avenue South is the anchor condominium building along Park Avenue South so it’s residences are going to have more variation in renovation and updates as each condominium owner over the last 20 years will have differing degrees of renovations that might have occurred. If you are looking for a new construction condominium look and feel, then 280 Park Avenue South as a general rule may not be the building for you, but if you are looking at a more value oriented purchase, taking advantage of the neighborhood location, well run building, then 280 Park Avenue South has a lot of value proposition.
Apartment pricing starts for a 1 bedroom condominium residence at 280 Park Avenue South around $900,000 to $1,500,000.
Two bedrooms condos for sale at 280 Park Avenue South are priced in the range of $1,250,000 and up.
This concludes part 3 of our series on Park Avenue Condominiums for sale in New York City.
Taking you from the Flatiron District and Park Avenue South all the way to the Upper East Side and the highly desirable and rare condominium residences of various buildings. If you are shopping for a Park Avenue Condominium residence, call us today and we can discuss current availability, pricing, trends and what may work best for you. Or if you have a condominium along Park Avenue that you are interested in selling or renting, contact us today for a confidential consultation.
