Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
254 PARK Avenue S #8R
Interested in this property?
Active For Rent Condo

$7,250/mo

$10 per sq ft

254 PARK Avenue S #8R

Flatiron, Manhattan

254 PARK AVE SOUTH

MLS® #RLS20083370

RLS at REBNY

Listing by Serhant

Open House Scheduled

Saturday, May 2 • 2:00 PM – 3:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

2

Bedrooms

1

Bath

750

Sq. Ft.

1913

Year Built

Quick Summary

Bedrooms 2
Bathrooms 1
Living Area 750 sq ft
Year Built 1913
Ownership Condo
Neighborhood Flatiron
Floor 8 of 13

Property Highlights

  • Climate Control: Other
  • Character: Pre-war building (1913)
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
Floor 8 of 13
Cooling Other
Pets Yes
Year Built 1913 (New)
Living Area 750 sq ft
Structure Type HighRise
Furnished Unfurnished
Basement Other
Block/Lot 00849/7508

Listing History

Event Date Price Change
Listed Apr 13, 2026 $7,500 -
Currently May 1, 2026 $7,250 -3.3%

Description

Welcome to Residence 8R at 254 Park Avenue South, an exceptional and flexible home set in the heart of the iconic Flatiron District.

Currently configured as a two-bedroom, this thoughtfully designed residence offers the versatility to function as a generous one-bedroom with additional space for a home office, guest room, or den. The layout is both practical and inviting, making it ideal for a variety of living styles.

Perfectly positioned at the crossroads of Union Square, Madison Square Park, Chelsea, and Gramercy, this home places you at the center of downtown Manhattan's most dynamic neighborhoods. Enjoy effortless access to acclaimed restaurants, vibrant cafés, greenmarkets, boutique shopping, and cultural destinations, just moments from your doorstep.

The building offers a full-service lifestyle with premium amenities, including a top-of-the-line fitness center and a beautifully appointed residents' lounge, providing the perfect extension of your living space.

Whether you're seeking a primary residence or a refined city retreat, Residence 8R delivers flexibility, location, and lifestyle in one of Manhattan's most sought-after addresses.

Features & Amenities

Interior Features

Building Other

Exterior Features

None

Building Amenities

Game Room

Building Information

Rental Details

Available

6/1/2026

Security Deposit

$7,250

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$7,250

Security Deposit

$7,250

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Short-Term Rental Potential

Estimated income if operated as a compliant short-term rental under NYC Local Law 18:

$604
Est. nightly rate
65%
Avg. occupancy
$11,778
Est. monthly gross

Estimates only. Requires NYC DCWP registration (Local Law 18). Most co-ops and condos prohibit STR via bylaws. Verify with building management and an attorney before listing. Past income is not guaranteed.

The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.

Flatiron Live Market Data

View Neighborhood

Active Listings

127

Median Asking Price

$2.25M

Median $/Sqft

$1,758

Avg Days on Market

N/A

New This Week

4

Price Reduced

28%

Sold (30 Days)

5

Median Sale Price

$2.80M

Live data from RLS at REBNY • Updated 5/1/26, 1:00 AM EST

Similar Listings in Flatiron

View All

Location

Loading map...

254 PARK Avenue S #8R, Flatiron, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1924
Year Built
102 years old
20
Floors
C5-3
Zoning District

Tax & Assessment

Assessed Value: $73,718,550
Land Value: $13,882,500
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 24,970 SF
Building Area: 519,783 SF
Built FAR: 20.82
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 1 full bathroom.

The listed interior living area is 750 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1913, making it approximately 113 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $7,250 for 750 sq ft, the asking price per square foot is approximately $10. This figure is for reference only and may differ from appraised or assessed values.

To schedule a viewing, contact Milton Coste at (917) 416-7433 or [email protected].

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20083370
First Listed: 4/13/2026
On Market: 4/13/2026
Price Changed: 4/28/2026
Contract Date: 4/13/2026

Listing Courtesy of Serhant - Corey L Benbasset

Listing Contact: (917) 254-8358

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 5:00 AM UTC

NYC Renter Guides

FARE Act: Who Pays Broker Fees Now?

The 2025 law that shifted broker fees from tenants to landlords.

Read article

NYC Renter's Rights 2026

Broker fee law, rent stabilization, and tenant protections.

Read article

Renting vs. Buying in NYC 2026

The math on when buying makes more sense than continuing to rent.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email