425 PARK Avenue S #15A
About This Property
This gorgeous home is a haven. The kitchen is a great size with a perfect layout that welcomes your upgrades. Ample cabinetry, complete with a well-proportioned bathroom that adjoins the king-sized primary bedroom, featuring a generous walk-in closet. Entertaining is effortless in the open dining area and living space, which graciously accommodates oversized furniture, suitable to hosting elegant gatherings.
Just steps away from an array of excellent restaurants and shops, and in close proximity to both Madison Square Park and Gramercy Park, this location offers the best of city living. The building, converted to a co-op in 1980, boasts loft-like apartments with lofty 11-foot ceilings. Part-time doorman, a live-in superintendent, private complimentary laundry and storage on each floor, and a magnificent roof deck offering breathtaking views. Immerse yourself in the vibrant energy of Downtown New York City, all while enjoying a tranquil retreat high above the city streets of Flat iron and Nomad. This residence epitomizes sophisticated loft living at its finest. Please note, there is a current assessment in effect for Local Law 11, amounting to $221.99 monthlyuntil December 31, 2025. Additionally, a flip tax of $6 per share is paid by the seller. Pied a terre Welcome.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 10, 2024 | Sold | ||
Sold | |||
Apr 19, 2024 | Listed by Douglas Elliman Real Estate | $930,000 | |
Listed by Douglas Elliman Real Estate |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/19/2024
|
1 Bed
|
1 Bath
|
800 ft²
|
$930,000
1 Bed
1 Bath
800 ft²
|
$900,000
-3.23%
09/10/2024
|
-
|
Frances Katzen
Douglas Elliman Real Estate
| |
03/26/2024
|
1 Bed
|
1 Bath
|
-
|
$1,195,000
1 Bed
1 Bath
|
$1,195,000
06/25/2024
|
-
|
Charlie Attias
Compass
| |
04/20/2022
|
3 Bed
|
3 Bath
|
-
|
$2,500,000
3 Bed
3 Bath
|
$2,600,000
+4.00%
09/02/2022
|
-
|
Celine Coudert
Warburg Realty Partnership, Ltd.
| |
12/16/2021
|
2 Bed
|
2 Bath
|
1000 ft²
|
$1,200,000
2 Bed
2 Bath
1000 ft²
|
$1,192,500
-0.63%
04/28/2022
|
-
|
Brian Morgan
The Corcoran Group
| |
10/13/2021
|
1 Bed
|
1 Bath
|
-
|
$995,000
1 Bed
1 Bath
|
$980,000
-1.51%
03/18/2022
|
Joseph Pullen
Corcoran Group
| ||
09/13/2021
|
1 Bed
|
1 Bath
|
-
|
$850,000
1 Bed
1 Bath
|
$840,000
-1.18%
01/18/2022
|
Peter Cohen & Todd Simmons
Brown Harris Stevens Residential Sales LLC
| ||
02/22/2021
|
1 Bed
|
2 Bath
|
-
|
$1,195,000
1 Bed
2 Bath
|
$1,087,500
-9.00%
06/11/2021
|
-
|
Rory Clark
Halstead Property, LLC
| |
10/22/2020
|
1 Bed
|
1 Bath
|
-
|
$999,000
1 Bed
1 Bath
|
$948,000
-5.11%
03/10/2021
|
- Private -
|
Christopher Korey
Korey Christopher
| |
09/14/2020
|
1 Bed
|
1 Bath
|
800 ft²
|
$975,000
1 Bed
1 Bath
800 ft²
|
$875,000
-10.26%
03/16/2021
|
Angelica Novaes
Douglas Elliman Real Estate
| ||
10/22/2019
|
2 Bed
|
3 Bath
|
1960 ft²
|
$2,985,000
2 Bed
3 Bath
1960 ft²
|
$2,495,000
-16.42%
02/11/2021
|
-
|
Stuart Sussman
Prudential Douglas Elliman Real Estate
| |
09/09/2019
|
1 Bed
|
2 Bath
|
-
|
$1,249,000
1 Bed
2 Bath
|
$1,175,000
-5.92%
03/12/2020
|
-
|
Christopher Korey
Christopher Korey, LREB
| |
07/10/2018
|
1 Bed
|
2 Bath
|
1100 ft²
|
$1,300,000
1 Bed
2 Bath
1100 ft²
|
$1,257,000
-3.31%
11/20/2018
|
Bar Redlich
EXP Realty NYC
| ||
09/18/2017
|
2 Bed
|
2 Bath
|
1570 ft²
|
$2,225,000
2 Bed
2 Bath
1570 ft²
|
$2,025,000
-8.99%
05/20/2019
|
-
|
Cameron Culver
Argo Residential
| |
07/27/2017
|
1 Bed
|
1 Bath
|
1000 ft²
|
$1,150,000
1 Bed
1 Bath
1000 ft²
|
$1,095,000
-4.78%
08/21/2018
|
-
|
Scott Elyanow
Compass
| |
05/03/2017
|
2 Bed
|
2 Bath
|
-
|
$1,350,000
2 Bed
2 Bath
|
$1,250,000
-7.41%
12/13/2017
|
Kane Manera
Elliman
| ||
05/01/2017
|
1 Bed
|
1 Bath
|
-
|
$1,000,000
1 Bed
1 Bath
|
$985,000
-1.50%
09/07/2017
|
-
|
Scott Elyanow
Compass
| |
08/22/2016
|
4 Bed
|
3 Bath
|
2200 ft²
|
$3,895,000
4 Bed
3 Bath
2200 ft²
|
-
-
|
-
|
Justin Rubinstein
Compass
| |
08/18/2016
|
3 Bed
|
2.5 Bath
|
2200 ft²
|
$3,895,000
3 Bed
2.5 Bath
2200 ft²
|
-
-
|
-
|
Joanna Kwartler
A C Lawrence Real Estate LLC
| |
01/25/2016
|
2 Bed
|
1 Bath
|
1000 ft²
|
$995,000
2 Bed
1 Bath
1000 ft²
|
-
-
|
-
|
Shaun Anders
Prudential Douglas Elliman Real Estate
| |
03/14/2016
|
1 Bed
|
2 Bath
|
1000 ft²
|
$1,250,000
1 Bed
2 Bath
1000 ft²
|
$1,150,000
-8.00%
09/27/2016
|
Lily Birnbach
Douglas Elliman Real Estate
| ||
09/10/2015
|
1 Bed
|
1.5 Bath
|
-
|
$998,000
1 Bed
1.5 Bath
|
$998,000
01/06/2016
|
Erin Stabb
TOWN Residential, LLC.
| ||
01/07/2015
|
3 Bed
|
2.5 Bath
|
2000 ft²
|
$2,299,000
3 Bed
2.5 Bath
2000 ft²
|
-
-
|
-
|
Brad Webb
Prudential Douglas Elliman Real Estate
| |
10/23/2014
|
1 Bed
|
1 Bath
|
-
|
$999,000
1 Bed
1 Bath
|
$945,000
-5.41%
05/05/2015
|
Christopher Korey
Christopher Korey, LREB
| ||
10/07/2014
|
1 Bed
|
2 Bath
|
-
|
$1,300,000
1 Bed
2 Bath
|
$998,000
-23.23%
01/08/2016
|
-
|
Brad Webb
Prudential Douglas Elliman Real Estate
| |
09/26/2014
|
1 Bed
|
1 Bath
|
-
|
$899,000
1 Bed
1 Bath
|
$999,000
+11.12%
01/14/2015
|
Christopher Korey
Christopher Korey, LREB
| ||
05/13/2014
|
1 Bed
|
1 Bath
|
-
|
$895,000
1 Bed
1 Bath
|
$875,000
-2.23%
09/24/2014
|
Jacqueline M Fopiano
Elliman
| ||
03/20/2014
|
1 Bed
|
2 Bath
|
1000 ft²
|
$999,000
1 Bed
2 Bath
1000 ft²
|
$1,053,000
+5.41%
07/01/2014
|
Seth Levin
Keller Williams NYC
| ||
01/23/2014
|
2 Bed
|
1.5 Bath
|
-
|
$999,000
2 Bed
1.5 Bath
|
$1,150,000
+15.12%
05/29/2014
|
Christopher Korey
Christopher Korey, LREB
| ||
07/18/2013
|
2 Bed
|
2 Bath
|
-
|
$935,000
2 Bed
2 Bath
|
-
11/21/2013
|
Lucie Holt
TOWN Residential, LLC.
| ||
09/26/2012
|
1 Bed
|
1 Bath
|
1000 ft²
|
$899,000
1 Bed
1 Bath
1000 ft²
|
-
12/20/2012
|
Frances Katzen
Elliman
| ||
05/05/2011
|
1 Bed
|
1.5 Bath
|
1000 ft²
|
$899,000
1 Bed
1.5 Bath
1000 ft²
|
$870,000
-3.23%
01/19/2012
|
Susan Green
TOWN Residential, LLC.
| ||
01/14/2009
|
1 Bed
|
1.5 Bath
|
1000 ft²
|
$835,000
1 Bed
1.5 Bath
1000 ft²
|
$750,000
-10.18%
07/09/2009
|
Jeanne McIvor
R New York
|
Building Info
- 76 Units
- 2 Units for Sale

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