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240 Park Avenue S PH17New York, NY 10003

For Sale

$14,225,000

Smart Buyer Rebate $177,813

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.

Listed by Michael C Graves

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Douglas Elliman Real Estate

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(212) 932-2222

Last updated October 20, 2025

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Source: REBNY #RLS20055559

Listing Facts

  • TypeCondo
  • NeighborhoodGreenwich Village
  • Bedrooms3
  • Bathrooms3.5
  • Days on Prevu2
  • HOA/Maint. Fees$6,725/month
  • Size3,900 sqft
  • Price per sqft$3,647

Amenities

  • Private Outdoor Space
  • Pets Allowed
  • Concierge

Location

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Listing History

10/20/2025
Listed by Douglas Elliman Real Estate
$14,225,000

Estimated Closing Costs

Total
$1,081,441
Attorney Fees
$4,000
NYC Mansion Tax
$462,312
Title Insurance
$64,013
Bank Attorney
$1,500
Mortgage Recording Tax
$246,448
Other Closing Costs
$4,000
NY State Transfer Tax
$92,462
NYC Transfer Tax
$202,706
Seller's Attorney Fee
$4,000

Estimated closing costs are based on the list price of $14,225,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 240 Park Avenue S PH17

Association

Amenities

  • Pets Allowed: Building Yes, Yes
  • Concierge: Doorman Full Time, Concierge Full Time

Fees

  • Association Fee: $6,725.00 Monthly

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 51
  • Stories Total: 17
  • Structure Type: High Rise
  • Entry Level: 17

Features

  • Building Features: Storage
  • View: City, Panoramic

Interior

Features

  • Fireplace: Yes
  • Fireplaces Total: 1

Measurements

  • Living Area: 3,900
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 3
  • Rooms Total: 6

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Flatiron
  • Tax Block: 00848
  • Tax Lot: 7505

Utilities

Equipment

  • Laundry Features: Washer Hookup, In Unit

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.