200 East 61st Street (The Savoy)
200 East 61st Street, New York, NY 10065
Lenox Hill, Upper East Side
BBL 1014157501 · BIN 1043547
- Year built
- 1986
- Type
- Condominium
- Units
- 218
- Floors
- 43
- Landmark
- No
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,339
- Listing discount
- 6.1%
- Recorded sales
- 200
- On record
- 2003–2026
The Savoy is one half of a matched pair. Diagonally across Third Avenue at 167 East 61st Street stands Trump Plaza, completed two years earlier and designed by the same architect, Philip Birnbaum. Both are three-winged trefoil towers on street-hugging retail podiums, built of the same materials, with nearly identical floor plans. The published architectural history of the period records that the resemblance was deliberate enough to provoke litigation — Trump's contract with Birnbaum reportedly carried a clause that the drawings were not to be used for another building, and he sued the developer and the architect when The Savoy went up. The suit did not stop the building. What it produced instead were two towers that read as gateposts marking the northern end of the Third Avenue residential corridor.
The differences are real but small. The Savoy's balconies are squared rather than rounded, its metalwork is stainless steel rather than bronze, and it delivered two street-level public plazas where its twin has one. Its podium carries a brighter, more animated base and a trellised sundeck on the setback. Neither building is a work of great architecture, but both were well above the standard for large Manhattan rental-scale construction in the mid-1980s, and the trefoil plan is the reason: three wings radiating from a central core give almost every apartment two exposures and a corner, and open up view angles that a conventional slab cannot.
The building's second defining fact is the commercial base. Nearly 69,000 square feet of retail, garage and laundry space sits under the tower as a single condominium unit with its own owner. That is a large minority interest inside a residential condominium, and it has been a source of friction. The audited financial statements record that a dispute arose in 2014 between the commercial unit and the condominium over the allocation of operating expenses and the correct amount of commercial common charges, and that a settlement was reached in March 2020 under which the condominium received a one-time payment of $275,000 for periods before January 2020. The same agreement left the parties to negotiate how monthly commercial common charges would be calculated going forward. A buyer should ask where that methodology landed.
The third fact is the balconies. Every wing of the tower carries them, and they are the building's most expensive asset to maintain. As of the June 30, 2021 audited statements, the condominium was evaluating proposals to rehabilitate the balconies to correct conditions cited in its most recent Local Law 11 façade inspection, at an estimated cost of between $2.5 million and $5 million. The board approved a capital assessment to fund the work equal to 25 percent of each owner's common charges for August through December 2021, rising to 50 percent of common charges from January 2022 and continuing monthly until the project was fully financed. That is a substantial and open-ended carrying-cost item, and the current status of both the assessment and the work is the single most important question to ask before contract at The Savoy.
Set against that, the building has no underlying mortgage — a condominium advantage over the prewar cooperatives a few blocks west — and it maintained a reserve fund of roughly $975,000 at June 30, 2021, drawn down from about $2.47 million a year earlier as capital work proceeded. Ownership is genuinely dispersed: 218 residential unit lots are held by roughly 193 distinct owners on the current tax roll, with no bulk holder, and deeds have been recorded in every year since the 1986 sellout.
Architecture and unit composition
The tower rises from a two-level commercial podium that occupies most of the 19,983-square-foot corner lot. Above the setback, the residential floors take the trefoil plan: three wings around a central elevator core, with the wing ends chamfered and balconies squared into the corners. The result is a plan in which a large share of the inventory reads as corner apartments with two exposures, and in which the angled geometry carries into the apartments themselves — living rooms are frequently angled rather than rectilinear, and terraces follow the same diagonal.
Apartment sizes run from studios and one-bedrooms through two- and three-bedroom layouts and a small number of duplexes, with a duplex penthouse carrying a fireplace and a wraparound terrace. Terraces are common through the stack rather than confined to the top. The one consistent criticism of the building in published architectural commentary is ceiling height: the floor-to-ceiling dimension is modest by the standard of both prewar cooperatives and post-2000 condominiums, and it is a real consideration for buyers coming from either.
Views improve materially with height. The lower floors face the Third Avenue and 61st Street streetwall; from the middle of the tower upward the wings clear their neighbors, and the upper floors carry long open outlooks including the Queensboro Bridge to the southeast and the East River beyond it. Because the trefoil wings are narrow, exposure differs sharply line to line, and the building rewards floor-plan and line-level analysis more than most towers of its size.
Building operations
The Savoy runs as a full-service condominium: attended lobby, full-time doorman and concierge, live-in superintendent, health club, roof sundeck, on-site garage, and laundry. Staffing is the dominant cost. In the year ended June 30, 2021, payroll and related expenses accounted for 49.3 percent of total operating expenses and net utilities for 30.7 percent — a profile typical of a large, heavily staffed 1980s tower with electric, gas, steam and water all carried at the building level.
Capital posture is the part of the file that most rewards attention. The condominium has assessed for major repairs and replacements in every year from at least 2010 through 2021, in amounts ranging from roughly $139,000 to $626,000 annually, and those assessments increase each owner's cost basis. The balcony rehabilitation described above was funded through a further, larger capital assessment layered on top of common charges. Anyone underwriting a purchase here should price common charges, the running capital assessment, and unabated real estate taxes together, and should ask the managing agent directly for the current assessment schedule and the status of the Local Law 11 cycle.
Policy framework
Ownership form: Condominium. Purchases close through the board's right of first refusal rather than a cooperative-style approval, which produces faster and more predictable closing timelines.
Pied-à-terre, subletting, LLC, trust and foreign ownership: All permitted under the standard condominium framework. Confirm minimum lease terms and any registration requirements with the managing agent.
Pets: Permitted per management-sourced records. Confirm weight and breed limits in the house rules.
Financing: Standard condominium financing rules apply. Confirm the current minimum down payment and any lender-related building requirements with the managing agent.
Flip tax: Not documented in the records reviewed. Confirm any resale capital contribution before pricing a sale.
Real estate taxes: No abatement. The 421-a benefit granted at construction is fully expired, and nothing has replaced it. Run True Monthly Carrying Cost analysis against the current bill for the specific unit, and add the running capital assessment to the number.
Local Law 97
- 2024–2029 annual penalty
- $76,066/yr
- 2030–2034 annual penalty
- $324,184/yr
- Per unit / month range
- $29 – $124
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as Unsafe — conditions requiring corrective action, which under FISP means a protective sidewalk shed and repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
The Savoy sold out through 1986 and 1987 — 141 deeds recorded in 1986 alone and another 65 in 1987 — and has traded continuously ever since, with deeds recorded in every subsequent year through 2026. That depth is one of the building's genuine advantages: with 218 residential units and four decades of turnover, same-building comparables are unusually easy to construct, and line-for-line history is available at almost every tier of the stack.
On a dollars-per-square-foot basis The Savoy prices in the middle band of Upper East Side condominium inventory rather than at the top. It is a large full-service tower without a marquee address, and the market prices it accordingly. The variables that move value inside the building are height, wing orientation and terrace size, in roughly that order. The variables that move the carrying number are unabated taxes and the capital assessment, and both are large enough that a buyer comparing The Savoy against abated newer inventory on price per foot alone will reach the wrong conclusion.
Comparables should be drawn first from the building itself, then from the 1980s full-service condominium towers along Third and Second Avenues in the East 60s — not from the prewar cooperatives to the west, whose policy framework, financing rules and buyer pool are structurally different. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, curated by The Roebling Team research desk. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 17, 2026 | 17A | 1 BR · 1.5 BA · 899 sf | $999,999 | $1,112/sf | -16.3% |
| May 13, 2026 | 6B | 1 BR · 1 BA · 833 sf | $1,200,000 | $1,441/sf | +0.0% |
| May 13, 2026 | 20G | 2 BR · 2.5 BA · 1,388 sf | $1,650,000 | $1,189/sf | -8.3% |
| Apr 30, 2026 | 10F | 668 sf | $950,000 | $1,422/sf | off-mkt |
| Feb 23, 2026 | 23F | 1 BR · 1 BA · 736 sf | $930,000 | $1,264/sf | -6.9% |
| Jun 10, 2025 | 32G | 2 BR · 2.5 BA · 1,388 sf | $1,700,000 | $1,225/sf | -14.8% |
| May 22, 2025 | 25E | 835 sf | $1,250,000 | $1,497/sf | off-mkt |
| Apr 8, 2025 | 26G | 2 BR · 2.5 BA · 1,388 sf | $1,850,000 | $1,333/sf | -7.3% |
Market read. Most recent trades (2026) cleared a median $1,339/sf across 5 sales. Median listing discount 6.1% 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.
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 1-01415-7501) 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
Ask for the current assessment schedule first. The balcony rehabilitation assessment approved in 2021 was structured as a percentage of common charges, escalating from 25 percent to 50 percent and running until the project was financed. Whether it has concluded, been extended, or been replaced by a further assessment changes the monthly number materially. Get it in writing before contract.
Underwrite full taxes. The building's 421-a benefit expired long ago. There is no abatement on the unit lots today and no schedule for one to return.
Understand the commercial unit. A single owner controls nearly 69,000 square feet of retail, garage and laundry space beneath the tower and votes a corresponding share of common interest. The 2014 dispute over expense allocation and commercial common charges was settled in 2020, but the methodology for future charges was left to negotiation. Ask what was agreed.
The wings are not interchangeable. In a trefoil plan, exposure, light and view vary sharply from one wing to another on the same floor. Walk more than one line before deciding what a floor is worth.
Check the ceiling height in person. It is the building's most commonly cited shortcoming and it is not visible on a floor plan.
What to know if you’re selling
Lead with the plan, not the address. The trefoil layout, the corner exposures and the terraces are what distinguish this building from a conventional slab. Buyers who have only seen the floor plan often do not understand what they are looking at until they stand in the room.
Present the tax and assessment picture up front. Sophisticated buyers will find both. Pairing the full unabated tax figure and the current assessment with a True Monthly Carrying Cost analysis produces better outcomes than letting either surface late in diligence.
Use the building's own history. With 218 units and forty years of continuous trading, the strongest comparable set is inside the building. A line-specific, floor-specific argument is available here in a way it is not at smaller buildings.
Price against the corridor's postwar and 1980s towers. The prewar cooperatives to the west are a different market with different economics.
Comparable buildings
If you're considering The Savoy, also evaluate:
- 167 East 61st Street (Trump Plaza) — the Philip Birnbaum trefoil twin, diagonally across Third Avenue and two years older; the single most direct comparison available
- The Paladin (300 East 62nd Street) — full-service condominium tower one block north and east; a close peer by scale and vintage
- Evans View (303 East 60th Street) — condominium tower on the same corridor, with a different amenity and price profile
- Plaza Tower (118 East 60th Street) — postwar full-service alternative closer to Park and Lexington
- 200 East 62nd Street — the direct-north comparison on the same avenue corridor
- 201 East 62nd Street — full-service alternative on the opposite corner of the same corridor
- 40 East 61st Street — the same street closer to Madison; smaller, quieter, and priced on entirely different terms
- 205 East 63rd Street — nearby full-service building; a useful check on corridor pricing at a different scale
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent.
Considering a move at The Savoy?
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