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Status:  Sold


Apt#7AC @ 254 Park Avenue South @ 20th Street. ,   Apartment  7-AC

web id:  1696405

Apartment Financials:
Price: $2,850,000 Common Charges: $1,284 RET: $2,157

Size: Two Bedroom Service Level: Full Service
R/B/B: 5/2/2.5 Ownership: Condominium
SF: 1476 Neighborhood: Flatiron District

Apartment Features:
Split Bedroom; Powder Room; Laundry Room; Dishwasher; WIC; High Ceiling; Wood Floors; Washer Dryer; Oversized Window

Exposure / View:

Building Features:
Pre-war full service 24 hour doorman building features a fitness center, state of the art common rec room/lounge with Billiards, Poker table, big screen TV and a bar.

Broker Summary:
Update: We are priced to sell @ $1930 on a price per square foot basis.

Also, this is now also available for rent as of 10/16/18 @ $9800. See separate listing for full details.

This Flat was featured in the Season Premier of the HGTV's hit show "Selling New York” in Dec 2011. The episode was called "Lucky Dogs & New York Newbies".

Take a look our media including pics & video and you will understand why this is prime time material.

Go to the website for a full media display including Video, Digital photography, 3D imagery and Floorplan. The website address is www.254pas-7ac.com

Step into a world designed by the renowned Charles Allem. This pre-war full service 24 hour doorman building features a fitness center, state of the art common rec room/lounge with Billiards, Poker table, big screen TV and a bar.

Close to 1500 SQ Ft-2 Bed-2.5 Bath, The coveted AC line is very rare in this building with only 2 other units like it.

This affords you a rare opportunity to purchase a space that exudes a home in Manhattan. The location puts you right in heart of Flatiron that is quite literally the nexus of Union SQ Park, Madison Sq. Park, Gramercy & Flatiron.

Apartment features: Wide plank oak hardwood floors stained black, soaring 14 ft beamed ceilings, Bosch Washer/Dryer, recessed lighting throughout and, Central Air Conditioning with room controls in both bedrooms and the living room.

The Living room defines the words “great room” as space abounds and is perfect for family, entertaining or both.

The winged bedrooms have plenty of closet space & afford great separation of space.

A full bathroom in each bedroom, the master is over sized & features a large soaking tub, separate shower and double sink. The half bath in the entry hallway provides the perfect extra comfort you will need for entertaining & guests.

An amazing centerpiece, eight tremendous windows allow for great sunlight throughout the day including dramatic morning sun from this expansive eastern exposure.

The kitchen features ample space w/ high end appliances including a stainless-steel Bosch oven & dishwasher, Liebherr refrigerator & stone countertops.

The coveted & rarely available floorplan offers so much in the way of value.

For Investors: As of the launch date of this listing the apartment had a tenant in place paying $9750.00 per month with the lease ending August 2, 2018. We initially had this apartment on the rental market this summer. We offered it out for $9900 per month. A bidding war ensued on it resulting in the last offer being $10,200 per month. This was right before the seller decided to take it off the market in lieu of this sale offering.
This unit has rented as high as $11500 per month. On a cash basis and assuming a similar market rent of $10200 per month, the approximate net cash dividend after monthlies would be $6759 per month/$81,108 per year. This is a dividend of over 2.7%.

Once again, the apartment has procured rents of up to $11,500.00 in tighter rental markets over the past 5-6 years.

Close to all public transportation including the Union Square & 23rd street train station's not to mention all that downtown has to offer in parks & restaurants.

Contact Information:

Name Ken Barkoff
Phone 212-777-3662
E-mail barkoffre@aol.com

All information furnished herein is from sources deemed reliable.  No representation is made by Barkoff Residential nor is any to be implied as to the accuracy thereof and all information is submitted subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice.  All dimensions are approximate.  For exact dimensions, please hire your own architect or engineer.