Luxury at 240 Park Avenue South is a sweet sentiment. Surrounded by the award-winning designs of Gwathmey Siegel, residents here have it all, including common amenities such as the twenty-four hour concierge and doorman to the not-so-common perks such as the common courtyard, media room and sauna/massage room. A relatively small development with only fifty-two lofts and four penthouses, this 17-floor building with a curved-glass facade is more than a place to live for its residents. It is a chance to experience the grandeur of New York City while living in a more intimate community.

The contrast of many and few seems to appear a lot here. Units that occupy the curved “corners” of the building have wall-to-wall windows that reveal the great expanse of both the southern and eastern views of the city. But such a reminder might as well be forgotten at street level, where the neighborhood takes over with an open-air market and a smaller, family feel. For those with a ’save-the-Earth’ attitude, there are plenty of transportation options around, including local bus and train service, and constant access to taxis that travel up and down Park Avenue. Such a busy area shouldn’t feel so homey.

The neighborhood, of course, is only one part of the whole picture. It might be said that the inside of these units is what takes the cake. Custom carved sinks and marble flooring adorn the bath, an island countertop and wine cooler announce the kitchen, and walk-in closets and a washer and dryer are in each unit.

240 Park Avenue South is not a development for the frugal. The building has six penthouses with an average size of over 2000 square feet. The largest penthouse, with 3899 square feet of living space, 4 bedrooms and 5.5 baths, is priced at $10 million. Of course, with its own terrace and pool, the price tag is tolerable, considering that most developments don’t even have a community pool. And there is plenty of flexibility for those who don’t need something so big. This building has 1, 2, and 3 bedroom units as well, varying in size from 805 square feet to 2,134 square feet. But be prepared to pay at least $1.4 million for a one-bedroom, as the price for these apartments have already increased from their initial offers.

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This entry was posted on Tuesday, October 23rd, 2007 at 5:41 pm and is filed under Gramercy Park.