Park Avenue Place
60 East 55th Street, New York, NY 10022
Midtown East
BBL 1012907501 · BIN 1087101
- Year built
- 2003
- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2005–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,730
- Listing discount
- 4.7%
- Recorded sales
- 139
- On record
- 2005–2025
Park Avenue Place is a 41-story condominium tower in the heart of Midtown East, a block off Park Avenue, completed in 2003. It carries a notable design pedigree: it was one of the first residential buildings undertaken by Kohn Pedersen Fox, the global architecture office better known for skyscrapers and corporate towers, and the building reflects that lineage in its clean, contemporary massing and its scale. Developed by Trevor Davis with RFR, the tower combines roughly 76 condominium residences above with five floors of private-club facilities — the home of The Core Club — giving the building an unusual, distinctly Midtown identity.
For buyers, the value is location, height, and flexibility. Standing between Park and Madison at 55th Street, the building is at the center of Midtown's commercial, retail, and dining core, within easy reach of the Plaza District, Fifth Avenue, and the Park Avenue spine. As a 2003 condominium, it offers financing latitude, pied-à-terre and investment flexibility, and modern systems — the new-construction profile that the surrounding pre-war and mid-century stock cannot match.
Architecture and unit composition
Park Avenue Place is a contemporary 41-story tower designed by Kohn Pedersen Fox — a building whose proportions and curtain-wall vocabulary reflect the firm's high-rise expertise, scaled to a residential program. The lower five floors house The Core Club's private facilities, with the condominium residences above, culminating in a duplex penthouse on the upper floors with terraces.
The roughly 76 residences run to well-proportioned one-, two-, and three-bedroom layouts with the contemporary ceiling heights, modern kitchens and baths, and strong light that a 2003 tower of this height delivers. The upper floors carry expansive open city views and the building's premium, with the penthouse at the crown. As new construction, the building offers turnkey living and reliable modern systems — a meaningful contrast to the older co-op stock common in the immediate area.
Building operations
Park Avenue Place runs as a full-service condominium with a 24-hour attended lobby, doorman, and concierge, an on-premises valet, a garage, and private storage. The building's lower floors house The Core Club, a private membership club, which gives the tower a distinctive identity but operates separately from the residential condominium. As a condominium, ownership is flexible — financing rules are condominium-standard, pied-à-terre and investment purchases are customary, and resale clears through a right-of-first-refusal rather than a co-op board admissions process. The building is pet-friendly.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $71,380/yr
- Per unit / month range
- $0 – $80
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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 →Management & transfer contacts
- Notable fees
- Condo. App processing $1,000; credit $100/applicant; criminal $100/applicant; damage deposit $1,000; move-in/out fee $500; professional fee $500; annual lease fee $750; renewal admin $250. Pets owners only, no aggressive breeds
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Nov 14, 2025 | 12B | 1 BR · 1 BA · 528 sf | $872,893 | $1,653/sf | -0.2% |
| Aug 20, 2025 | 14C | 1 BA · 446 sf | $720,000 | $1,614/sf | -7.1% |
| Oct 4, 2023 | 41A | 3 BR · 3.5 BA · 2,439 sf | $3,900,000 | $1,599/sf | -17.9% |
| Jul 31, 2023 | 39A | 1 BR · 1 BA · 992 sf | $1,800,000 | $1,815/sf | -5.3% |
| Jul 27, 2023 | 40A | 1 BR · 1.5 BA · 992 sf | $1,750,000 | $1,764/sf | -2.8% |
| May 24, 2023 | 39B | 2 BR · 2.5 BA · 1,272 sf | $2,250,000 | $1,769/sf | -10.0% |
| May 16, 2023 | 21A | 2 BR · 2 BA · 1,283 sf | $1,850,000 | $1,442/sf | -6.3% |
| May 9, 2023 | 28A | 1 BR · 1.5 BA · 1,074 sf | $1,350,000 | $1,257/sf | +0.0% |
Market read. Most recent trades (2025) cleared a median $1,730/sf across 2 sales. Median listing discount 4.7% 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 1-01290-7501) 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
This is a full-service condominium tower with a design pedigree at the center of Midtown. Ownership is flexible — condominium financing rules apply, pied-à-terre and investor purchases are customary, and there is no co-op board package or interview, only a right-of-first-refusal. Height and views drive value — the upper floors carry expansive open city views and the premium. The building's modern systems and full-service operation — doorman, concierge, valet, garage — mean turnkey, low-friction living. The Core Club occupies the lower floors but is separate from residential ownership. We help buyers read the offering plan, the common-charge structure, and the comparison set across the Midtown East condominium market.
What to know if you’re selling
Lead with location, height, and pedigree. A Kohn Pedersen Fox condominium tower a block off Park Avenue, with open city views and a full-service operation, appeals to a broad buyer pool — including pied-à-terre and investment purchasers the surrounding co-ops exclude. Benchmark to the Plaza District and Midtown East condominium set, and price to floor and views. The condominium structure is itself a selling point — a faster, more predictable closing than the co-op alternative. Presentation that showcases the light, views, and finish produces the best results.
Comparable buildings
If you're considering Park Avenue Place, also evaluate nearby Midtown East condominium inventory:
- 100 East 53rd Street — luxury Midtown East condominium tower
- 135 East 54th Street — The Lex 54 Condominium
- 250 East 53rd Street — full-service tower nearby
- 300 East 55th Street — full-service Midtown East building
- 250 East 54th Street — Fox & Fowle's 1990 full-service condominium
- 845 United Nations Plaza — Trump World Tower, East Side condominium
Considering a move at Park Avenue Place?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Park Avenue Place 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.