2 months on rocket

425 Park Ave S Unit 20B, New York City, NY, 10016

$1,875,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
Condo
Schools Nearby

Location

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425 Park Ave S Unit 20B, New York$1,875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeStock Cooperative
Year Built1927
CoolingCentral Air
ViewCity
MLS #RPLU-5122878922
StatusActive

About 425 Park Ave S Unit 20B

Situated at a coveted corner apex of Park Avenue South, 20B takes full advantage of its surroundings, offering stunning views of iconic New York City landmarks such as the Empire State and Chrysler buildings through curved windows that allow for outstanding light.<br><br>The corner residence boasts three exposures, providing sweeping views from all angles and creating a sense of openness and spaciousness within the space. The well-appointed 2-bedroom layout is designed with careful attention to detail, offering a balance of functionality and elegance.<br><br>The custom kitchen is a standout feature, equipped with top-of-the-line stainless steel appliances and a generous island that serves as a focal point for gatherings and culinary activities. The primary bedroom exudes luxury with its brand new marble bathroom and a dedicated gym area, providing residents with a private retreat within the home. The guest full bathroom also features the same luxurious marble finishes, adding to the overall sense of sophistication.<br><br>With a dining room and living room overlooking Park Avenue, residents can enjoy both the vibrant energy of the city and the serene beauty of the surroundings. Overall, 20B offers a blend of modern luxury and classic New York charm, making it a highly desirable place to call home.<br><br>There is a current assessment in effect for Local Law 11 in the amount of 495.88 paid monthly in effect until December 31, 2025. Flip tax $6 per share paid by the seller.<br><br>425 Park Avenue South is a prewar co-op situated in the thriving neighborhood of NoMad just steps from many great restaurants and shops, and close to both Madison Square Park and Gramercy Park. The building was converted to a co-op in 1980, featuring loft-like apartments with 11' ceilings. There is a part-time doorman, live-in super, laundry and storage on each floor, and a beautiful roof deck with amazing views.<br>

Property Details

Property Features

Property Information:

  • Year Built: 1927

Listing Office:

  • Office Name: Douglas Elliman Real Estate
  • Office Phone: (212) 891-7000
  • Listing Agent: Frances Katzen
  • Agent Phone: (917) 705-1864

Interior Features

Interior Information:

  • Basement: No
  • Interior: Separate/Formal Dining Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Building Roof Deck, None

Utilities

Utilities Information:

  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,875,000

HOA Fees:

  • Amount: $5468
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$845.4K

Med. Price/SqFt

$636

Avg. Days On Market

96

# of Sold Homes

1548

425 Park Ave S Unit 20B vs New York

81 DAYS ON ROCKET

-15 Days

$1,875,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #RPLU-5122878922

Listing Office:

  • Office Name: Douglas Elliman Real Estate
  • Office Phone: (212) 891-7000
  • Listing Agent: Frances Katzen
  • Agent Phone: (917) 705-1864

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/29/2024, 1:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$14.8K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,688

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3150391
7
/10
  • PS 116 Mary Lindley Murray

  • 210 E 33rd St

  • 0.29 miles

  • Public District Grades KG-5

school-card-donut-3150392
10
/10
  • River School (The)

  • 425 E 35th St

  • 0.56 miles

  • Public District Grades PK-KG

school-card-donut-3150393
9
/10
  • Success Academy Charter School-Union Square

  • 40 Irving Pl

  • 0.63 miles

  • Public Charter Grades KG-1

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $149,375. Residents of New York, NY typically earn $200k+ each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 425 Park Ave S Unit 20B

What is the listing price of this property?

The listing price of 425 Park Ave S Unit 20B property is $1,875,000.

What type of property is this?

The property 425 Park Ave S Unit 20B is a condo located in New York City, New York, 10016.

Is this property for sale now?

Active Listing: 425 Park Ave S Unit 20B is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 425 Park Ave S Unit 20B has 2 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 425 Park Ave S Unit 20B is 1927.

Rocket HomesNew YorkNew York10016425 Park Ave S Unit 20B

This home is located at 425 Park Ave S Unit 20B in New York City, NY and zip code 10016 in the Rose Hill neighborhood. This home was built in 1927. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $1,875,000.

Over 154 listings were sold over their listed price in March 2024 in New York, NY. In the same period over 748 listings were sold below the listed price and 645 listings were sold for the listed price. In March 2024 in New York, NY there were 3.7% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $845,489, while the average time on the real estate market was 96 days.

From Rocket Homes Real Estate and based on county public records data.

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