Park Avenue Place

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.

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.

With roughly 76 condominium residences, Park Avenue Place turns over at a measured cadence — several resale closings in an active year. Pricing tracks the Midtown East/Plaza District condominium market, with clear premiums for higher floors, open city views, and the larger layouts, and the penthouse at the top of the building. Because the public sales record for this address is generated directly from the building's tax lot, the most current closed-sale history is best read from that live record; the durable pattern is height- and view-driven demand from buyers who want new-development flexibility in a central Midtown location.

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.

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.

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 — Midtown East condominium
• 250 East 53rd Street — full-service tower nearby
• 300 East 55th Street — full-service Midtown East building
• 250 East 54th Street — Midtown East condominium
• 845 United Nations Plaza — Trump World Tower, East Side condominium

The Roebling Team at Compass specializes in the Midtown East, Plaza District, and East Side condominium market. We publish this profile because buyers and sellers at a full-service condominium tower deserve building-specific intelligence: the architecture, the condominium structure, the amenity program, and where pricing sits against the broader Midtown market.

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