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Residential Income Property with Wraparound Kitchen
For Sale
$1,500,000

280 Park Avenue S 12-M, New York City, NY 10010

One-bedroom corner residence with a wraparound offset windowed kitchen and bright two-exposure living and dining space.

Property Size780 SF
Price / SF$1,923
Days on Market36

Property Features for 280 Park Avenue S 12-M

General Information

Standard status Active
Size 780 SF
Property subtype Apartment

Site & Location

Road Access Yes
Public Transit Yes

Units

Unit Mix 1 x 1BR/1BA
Multifamily Units 1

Taxes and HOA fees

Annual Taxes $16,399

Amenities

24-Hour Doorman & Concierge
Rooftop Swimming Pool
Rooftop Fitness Center
Rooftop Gas Grills
New North & South Sun Decks
New Backup Generator
Sauna, Steam Room & Jacuzzi
Bicycle Storage
Private Storage Cages
Industrial-Grade Laundry Facility
Washer/Dryers Permitted in Residences
Pet Friendly
Investor Friendly
Smoke-Free Building

Building Details

Building Size 780 SF
Year Built 1986
Stories 27
Listing Agency: William Raveis New York City LLC
Listed By: Stephanie G Harnisch
Source: Cbwarburg
Added: Jul 6 Changed: Aug 8 Last Checked: Aug 10 at 9:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis New York City LLC

Investment Insights

Based on property information with market context.

280 Park Avenue S, 12-M at Gramercy Place is a one-bedroom condominium residence designed for efficient, comfortable living. The home is approximately 780 square feet and features the coveted “M Line” layout highlighted by a wraparound, offset windowed kitchen. The kitchen’s windowed design supports one of the building’s largest living and dining spaces, spanning nearly 30 feet, and opens directly for easy everyday flow and entertaining.

Interiors include wood cabinetry with granite countertops, stainless steel appliances, a tiled backsplash, and abundant storage, along with a generous double-width breakfast bar. The expansive living area benefits from natural light from two exposures and views toward open skies over Park Avenue South. Hardwood floors, solid wood doors, custom architectural lighting, and plentiful closets add to the home’s functionality.

The oversized bedroom includes a walk-in closet sized for a California king bed and room for a sitting area or home office. The spa-inspired bathroom features marble flooring, classic subway tile, polished nickel fixtures, and a custom frameless glass-enclosed walk-in shower, plus a vanity with generous storage. Gramercy Place is a 27-story full-service condominium building, originally constructed in 1894 and rising above the historic New York Bank for Savings, with amenities including a 24-hour doorman and concierge, rooftop swimming pool and fitness center, rooftop gas grills, and more.

Key Highlights

  • Approximately 780 SF one‑bedroom residence at Gramercy Place
  • “M Line” wraparound offset windowed kitchen opens to living and dining spanning nearly 30 feet
  • Two exposures for natural light in the expansive living area

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Nursing Home Buffet Butcher Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

49,216
Businesses Nearby

Demographics for 10010, NY

33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - One-bedroom corner residence with a wraparound offset windowed kitchen and bright two-exposure living and dining space.
Where is this residential income property located?
The property is located at 280 Park Avenue S 12-M New York City, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 780 SF one‑bedroom residence at Gramercy Place; “M Line” wraparound offset windowed kitchen opens to living and dining spanning nearly 30 feet; Two exposures for natural light in the expansive living area
More about this property
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