Condominium · 2013
400 Park Avenue South
402 Park Avenue South, New York, NY 10016
Buildings·Condominium

400 Park Avenue South

402 Park Avenue South, New York, NY 10016

At a glance
Year built
2013
Type
Condominium
Landmark
No
The Data Room

Every recorded sale at this building, 2015–2026

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Median $/sf
$1,517
Listing discount
5.3%
Recorded sales
134
On record
2015–2026

400 Park Avenue South is the condominium crown of one of NoMad's most recognizable towers — a faceted, crystalline glass building by the Pritzker Prize–winning architect Christian de Portzamparc that rises 42 stories at the corner of Park Avenue South and East 28th Street. The tower is mixed-use: its lower floors operate as rentals, while the upper floors hold 81 condominium residences developed by Toll Brothers City Living, entered through a dedicated Park Avenue South lobby. The ownership homes sit high in the building by design, which gives them light, privacy, and long views over a fast-rising neighborhood.

The architecture is the signature. De Portzamparc shaped the tower as a prism — angled, reflective planes that catch light and give the building a sculptural presence on the Park Avenue South skyline, while producing distinctive angled rooms and multi-exposure layouts inside. It is a genuinely architect-driven building in a corridor that has transformed over the past decade from a wholesale district into one of Manhattan's most dynamic residential and dining neighborhoods.

For buyers, the case is a new-construction condominium — with the financing latitude, ownership flexibility, and resale ease the structure provides — by a marquee architect, lifted above the street on the high floors, with a deep amenity package and a central NoMad address. It offers the convenience of being equidistant from Flatiron, Gramercy, and Murray Hill, with Madison Square Park a short walk west.

Architecture and unit composition

The building's crystalline massing is its defining feature: de Portzamparc's faceted glass planes give the tower a sculptural profile and open angled, multi-exposure layouts within. Because the condominium residences occupy the upper floors, the ownership homes enjoy elevated light and views as a baseline, with the highest floors commanding sweeping looks over NoMad, the Flatiron skyline, and the Midtown towers to the north.

The 81 condominium residences range from one-bedrooms through larger multi-bedroom layouts and penthouses, finished to a contemporary new-construction specification with floor-to-ceiling glass, modern systems, and the high ceilings the design affords. Floor level and exposure are the primary value drivers — the upper-floor and corner homes, with the building's best light and views, carry the premiums, and the angled prism geometry means exposures vary meaningfully line to line.

Building operations

The condominium runs as a full-service, white-glove operation with a 24-hour doorman and concierge and a dedicated Park Avenue South entrance separate from the rental component. The amenity package is extensive: a fitness center with a lap pool and jacuzzi, a yoga room, a spin room, and a steam room; a 27th-floor sky lounge opening to a landscaped terrace; a garden courtyard; a residents' lounge; a screening and media room; a golf simulator; a children's playroom; and a conference room. The building is pet-friendly. As a condominium, purchases clear through a right-of-first-refusal rather than a co-op board process, with the financing flexibility, pied-à-terre and investment ownership latitude, and subletting freedom condominium ownership affords.

The NoMad location is among the most convenient in the central spine of Manhattan. Madison Square Park, the dining and retail of NoMad and Flatiron, and the shops and restaurants of Park Avenue South are at the doorstep, with Gramercy Park to the south and Murray Hill to the east. The 6 train at 28th Street is steps away, with the N/R/W close by and Grand Central a short ride or walk north.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$90,184/yr
Per unit / month range
$0 – $21
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
Safe
What this means for you

The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.

Inspection history
2015–20
2020–25
Safe
2025–30
Due
Next report due
by Feb 2028
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.

See the full facade history →

Recent sales

Recent closings at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.

DateUnitApartmentPricePPSFvs. Ask
May 27, 202626C
3 BR · 3 BA · 2,814 sf
$4,300,000$1,528/sf-4.4%
Nov 17, 2025PH1
5 BR · 5.5 BA · 4,020 sf
$12,000,000$2,985/sf-17.2%
Oct 15, 202523B
2 BR · 2.5 BA · 1,837 sf
$2,900,000$1,579/sf-3.3%
Dec 2, 202425B
2 BR · 2.5 BA · 1,830 sf
$3,275,000$1,790/sf-3.5%
Oct 18, 202430A
1 BR · 1 BA · 798 sf
$1,999,000$2,505/sf-3.7%
Oct 9, 202427C
3 BR · 3 BA · 2,819 sf
$4,990,000$1,770/sf-9.3%
Apr 16, 202429A
1 BR · 1 BA · 819 sf
$1,820,000$2,222/sf-3.7%
Dec 8, 202324A
2 BR · 2 BA · 1,251 sf
$2,300,000$1,839/sf-4.0%

Market read. Most recent trades (2026) cleared a median $1,517/sf across 1 sale. Median listing discount 5.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

The retrade record

Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.

37D · 839 sf+23%
$1,629,200 ($1,942/sf) 2016$2,000,000 ($2,384/sf) 2023
29A · 819 sf+12%
$1,629,190 ($1,989/sf) 2015$1,820,000 ($2,222/sf) 2024
30A · 798 sf+9%
$1,832,850 ($2,297/sf) 2016$1,999,000 ($2,505/sf) 2024
23B · 1,837 sf+0%
$2,900,000 ($1,579/sf) 2016$2,900,000 ($1,579/sf) 2019$2,900,000 ($1,579/sf) 2025
26G · 664 sf+0%
$1,325,000 ($1,995/sf) 2016$1,325,000 ($1,995/sf) 2019
View all 134 recorded sales, sortable

Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00857-7503) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.

What to know if you’re buying

The condominium structure is a core advantage. There is no co-op board admissions process — purchases clear through a right-of-first-refusal — and financing is flexible, with pied-à-terre, LLC, trust, and investment ownership customary and subletting permitted on condominium terms. For buyers who want a NoMad address with ownership flexibility, that combination is central.

Buy the floor and the view. Because the ownership residences sit high in the tower and the prism geometry varies exposures line to line, floor level and orientation drive both daily light and resale value here — target the higher floors and the corner lines, and confirm the specific exposures of any apartment. The boutique ownership count means inventory is limited; when a well-positioned home comes available, it merits decisive attention. Review the common charges, building financials, and the condominium's relationship to the rental component as part of due diligence.

What to know if you’re selling

Lead with the architecture and the scarcity. A de Portzamparc–designed tower, a crystalline glass facade, and an 81-residence ownership count are durable differentiators in a NoMad market that has grown crowded with newer inventory — and the small resale pool means a well-positioned home faces limited direct competition.

Emphasize the condominium mechanics, the amenity suite, and the high-floor light. A resale clears through a right-of-first-refusal rather than a board interview — a faster, more predictable path that appeals to the financing- and flexibility-minded buyer this building attracts — and the deep amenity package and elevated views are the features that set the building apart from the surrounding stock. Price to the apartment's floor and exposure, benchmark high-floor and corner homes to the building's premium tier, and present the design pedigree, the amenities, and the central NoMad location together.

Comparable buildings

If you're considering 400 Park Avenue South, also evaluate these nearby Flatiron, NoMad, and Gramercy buildings:

The Roebling Team at 400 Park Avenue South

The Roebling Team at Compass works the Flatiron, NoMad, and Gramercy market closely, and we understand how an architect-driven, mixed-use condominium like 400 Park Avenue South is positioned within its corridor. We publish this profile because buyers and sellers here deserve building-specific intelligence — the architecture, the amenity program, the condominium mechanics, and where each apartment sits on floor and exposure.

If you're considering a purchase or sale at 400 Park Avenue South, a 30-minute consultation is the right starting point.

Considering a move at 400 Park Avenue South?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com