- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Leasing by owners
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Doorman
- Full-time doorman
Construction chronology: City tax data gives 2003; SLCE dates completion to 2004
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,644
- floor-adjusted, 5 sales
- Listing discount
- 5.0%
- Recorded sales
- 256
- On record
- 2004–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Milan would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The Milan, at 300 East 55th Street, is a 31-story full-service condominium that SLCE dates as completed in 2004 on a corner of Second Avenue with a storied past — the site of the legendary El Morocco, the zebra-striped Café Society nightclub where mid-century New York went to be seen. The building that replaced it is a different kind of landmark: one of the earliest and most polished products of the 2000s condominium wave in Turtle Bay, with 152 residences, a live-in resident manager, a parking garage, and a designed garden that set a higher standard for the corridor.
The building's appeal is the balance it strikes. It offers genuine full-service operation — including the rare luxury of an on-site garage and a live-in super — alongside the flexibility of condominium ownership, in a central, transit-rich Midtown East location. It was built to a higher specification than much of the surrounding 2000s stock, and its amenity set, anchored by a Zen garden designed by the noted landscape architect Ken Smith, reflects that ambition.
For buyers, the proposition is clear: condominium flexibility, a complete full-service staff, an on-site garage, and a refined amenity package, on a central Second Avenue corner with deep restaurant, retail, and transit convenience.
Architecture and unit composition
The Milan presents as a refined contemporary tower of its era — 31 stories of stone and glass with a clean, durable envelope, scaled to its Second Avenue corner. The architecture was pitched a notch above the standard 2000s condominium, with materials and detailing chosen to age well and to signal a building positioned toward the top of the Turtle Bay set.
The 152 residences span studios through three-bedrooms, with floor-to-ceiling windows, high ceilings, and hardwood floors. The corner siting yields open exposures and strong light across many lines; higher floors capture city and partial river views over the surrounding low-rise stock. Layouts are practical and well-proportioned, and many homes have been updated by individual owners over the years.
Building operations and lifestyle
The Milan is a full-service condominium with a notably complete operation. A 24-hour doorman and concierge attend the lobby, a live-in resident manager oversees the building, and amenities include a fitness center, a residents' lounge, a bike room, private storage, and an on-site parking garage — a genuine convenience in central Midtown. The building is pet-friendly. Its signature amenity is a landscaped Zen garden by Ken Smith, a designed outdoor retreat that gives the building a calm, distinctive sense of arrival rare among its peers.
The location is core Turtle Bay. At Second Avenue and 55th, the building is steps from Whole Foods, the dense restaurant grid of eastern Midtown, and the Lexington Avenue and 53rd Street subway lines, with Central Park, the United Nations, and the East River esplanade within easy reach. It is one of the most convenient and livable settings in Midtown East.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 | Refundable Not stated |
| Credit and Criminal report FeePer applicant | Paid by Buyer | When With the application | Amount $200 per applicant | Refundable Non-refundable |
| Move In Fee | Paid by Buyer | When With the application | Amount $1,500 | Refundable Non-refundable |
| Move Out Fee | Paid by Seller | When With the application | Amount $1,500 | Refundable Non-refundable |
| Waiver of Right of First Refusal | Paid by Seller | When With the application | Amount $350 | Refundable Non-refundable |
| Closing Management Fee | Paid by Buyer | When At closing | Amount $275 | Refundable Not stated |
| Closing Management Fee | Paid by Seller | When At closing | Amount $275 | Refundable Not stated |
Rental or lease
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Fee | Paid by Landlord | When With the application | Amount $1,500 | Refundable Non-refundable |
| Waiver of Right of First Refusal | Paid by Landlord | When With the application | Amount $350 | Refundable Non-refundable |
| Annual Gym FeeConditional · RecurringConditions: If applicable | Paid by Tenant | When With the application | Amount Lease Term/Amount: $960.00 One year, $1,920.00 Two years, $2,880.00 Three years | Refundable Not stated |
| Application Processing Fee | Paid by Tenant | When With the application | Amount $350 | Refundable Not stated |
| Credit and Criminal report FeePer applicant | Paid by Tenant | When With the application | Amount $200 per applicant | Refundable Non-refundable |
| Move In Fee | Paid by Tenant | When With the application | Amount $1,500 | Refundable Non-refundable |
Lease renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Landlord | When With the application | Amount $300 | Refundable Non-refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- PermittedSource: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $895 per room a monthMedian of 9 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.73 per square foot a monthMedian of 10 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.32 per square foot a monthMedian of 13 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.44 per square foot a monthMedian of 13 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, residents' lounge, garage, bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $123,466/yr
- Per unit / month range
- $0 – $88
- Modeled exposure split equally across 117 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. 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 |
|---|---|---|---|---|---|
| Aug 24, 2026 | 29B | 1,619 sf | $2,600,000 | $1,606/sf | — |
| Jul 30, 2026 | PHC | 3 BR · 3.5 BA · 2,669 sf | $4,650,000 | $1,742/sf | -6.1% |
| Jun 23, 2026 | 10D | 2 BR · 2.5 BA · 1,480 sf | $2,225,000 | $1,503/sf | -3.1% |
| Jun 22, 2026 | 10D | 2 BR · 2.5 BA · 1,480 sf | $2,275,000 | $1,537/sf | -0.9% |
| May 14, 2026 | 17B | 2 BR · 2.5 BA · 1,535 sf | $2,250,000 | $1,466/sf | -2.0% |
| Jan 29, 2026 | 10D | 2 BR · 2.5 BA · 1,480 sf | $2,225,000 | $1,503/sf | — |
| Apr 24, 2025 | 20C | 2 BR · 2 BA · 1,235 sf | $1,850,000 | $1,498/sf | -6.3% |
| Jan 16, 2025 | PHB | 3 BR · 3.5 BA · 2,515 sf | $4,920,000 | $1,956/sf | -1.1% |
Market read. Most recent trades (2026 to date) cleared a median $1,644/sf (floor-adjusted) across 5 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 5.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 1-01347-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.
Closed rents at The Milan, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 11 | $8,250 |
| 3 bedroom | 3 | $13,750 |
14 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Milan and nearby.
At the recent median sale of $2.25M (9 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $94,384 to close, or 4.2% of the price.
- Mansion tax: $28,125
- Mortgage recording tax: $32,484
- Title insurance: $10,125
- Attorneys, lender, building fees, reserves and filings: $23,650
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Milan and its market
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What to know if you’re buying
The Milan is a condominium, which is its structural distinction in a corridor heavy with co-ops. There is no co-op board admissions process — purchases run through the condominium's application and right-of-first-refusal — and pied-à-terre use and leasing by owners are permitted under the building's documented terms. Confirm financing, investment, trust and LLC ownership rules in the current declaration and bylaws. The building is pet-friendly and offers an on-site garage — both meaningful conveniences. For buyers who want full-service living with flexibility in central Midtown East, the building is a logical target.
Underwrite the full carrying picture. Common charges fund the doorman, the live-in super, the garden and amenities, and building operations; real estate taxes complete the monthly figure. We help buyers model the all-in cost and weigh it against the co-op and rental alternatives nearby.
What to know if you’re selling
The Milan sells on its full-service operation and its conveniences. The live-in resident manager, the on-site garage, the pet-friendly policy, the Ken Smith garden, and the condominium structure are concrete, marketable differentiators — and the El Morocco history gives the address a memorable story that sets it apart in a corridor of anonymous towers.
Price to the Turtle Bay / Midtown East condominium set, adjusted for floor, exposure, and renovation. A high-floor corner line with open light belongs at the top of the building's range; an original lower-floor studio sets the entry. Condominium closing mechanics — a right-of-first-refusal rather than a board process — are themselves a selling point to the flexibility-minded buyer this building attracts, and a clean, well-presented listing moves quickly given the building's amenities.
Comparable buildings
If you're considering The Milan, also evaluate nearby Turtle Bay and Midtown East buildings:
- 250 East 53rd Street (The Veneto) — Midtown East condominium nearby
- 305 East 51st Street (Halcyon) — Midtown East condominium with pool
- 345 East 56th Street — Sutton-area co-op nearby
- 100 East 53rd Street — Midtown East luxury condominium
- 300 East 59th Street — full-service Midtown East building
More Sutton Place buildings
- 238 East 55th Street (Sutton Place) — 1959 co-op by Horace Ginsbern & Associates
- 300 East 54th Street (Connaught Tower) — 1977 co-op by Philip Birnbaum & Associates
- 300 East 59th Street (The Landmark) — 1974 co-op
- 303 East 57th Street (The Excelsior) — 1967 co-op by Philip Birnbaum & Associates
- 315 East 56th Street — 1950 co-op
- 317 East 57th Street — 1929 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Sutton Place — read The Roebling Team Guide to Sutton Place.
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. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Milan?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com