Exclusive Investment Opportunity – Prime Retail Condo on Park Avenue South
Address: 254 Park Ave S, New York, NY, 10010
Price: Not Disclosed
Sale Type: Investment
Status: Active
Sold Price (Previous Sale): $63,000,000 ($283,784/Unit)
Property Overview:
Situated in the prestigious Flatiron District, 254 Park Ave South presents a unique investment opportunity in one of Manhattan’s most sought-after commercial locations. This high-end retail condo offers a total of 9,627 SF of prime space, making it ideal for investors looking for strong rental income and long-term appreciation.
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Key Features:
Premium Flatiron District Location:
- Located on Park Avenue South, a high-traffic commercial corridor with excellent visibility.
- Surrounded by high-end residential developments, corporate offices, and luxury retail stores.
- Minutes from Gramercy Park, Madison Square Park, and Union Square.
Spacious & Versatile Retail Space:
- Smallest Space: 3,646 SF
- Max Contiguous Space: 9,627 SF
- Total Retail Space Available: 9,627 SF
- Vacant Space: 9,627 SF
- High ceilings and modern design, offering maximum flexibility for tenants.
Strong Investment Potential:
- Competitive rent range: $25.00 – $89.27 per SF, offering high income potential.
- Service Type: Modified Gross, balancing cost-efficiency and lease flexibility.
- Ideal for flagship retail, showroom, luxury brand expansion, or high-end hospitality ventures.
Highlights:
✔ 9,627 SF of premier retail condo space in the Flatiron District
✔ High-exposure location on Park Avenue South with strong foot traffic
✔ Ideal for luxury retail, flagship stores, or high-end dining establishments
✔ Surrounded by affluent residential developments, corporate offices, and entertainment hubs
✔ Strong rental income potential with a price range of $25.00 – $89.27/SF
Conclusion:
254 Park Ave South offers an outstanding investment opportunity in one of Manhattan’s top-tier commercial districts. With its prime location, flexible retail layout, and high-demand surroundings, this property is an excellent choice for investors seeking stable returns and long-term growth.
Contact us today to discuss this investment opportunity and schedule a private property tour!
