Park Avenue Place

Park Avenue Place is a condo located 60 East 55th Street, in Midtown, New York. The building was first built in 2003 and is 21 years old. The lot that the building was built on is 86 feet wide and 100 feet long. The official lot area is listed as 8,636 square feet. The building itself is 86 feet wide and 100 feet long. In total, 60 East 55th Street has a total floor area of 112,387 square feet. Of that, 80,441 square feet are used for residential purposes. About 31,946 square feet of the building are used for commercial purposes. Additionally, the building has a 4,122 square feet garage. There are a total of 78 units. Of those, 74 are residential units. There are 4 commercial units. 60 East 55th Street has a total of 41 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 2 elevators in 60 East 55th Street.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 162 closings on record, of which we have matching data for 25 listings. In the past 3 years, a listing in this building will typically remain on the market for about 187 days and tend to sell below the original asking price of $1,825,000 by 2.32%. Meaning, listings tend to sell at a median of $1,766 price per square foot. The transaction that took the longest to complete was unit 31A, listed on Jul 30, 2020 for $1,750,000. This particular unit ultimately sold 365 days later for $1,750,000. The most recent transaction was for unit 41A, which was first advertised on May 01, 2023, sold for $3,900,000 on Oct 04, 2023. Fun fact, the oldest transaction we have on record took place on Feb 20, 1967. See the full transaction history for Park Avenue Place below.

Midtown, where 60 East 55th Street is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,825,000. For interested buyers, that means the building's median asking price is around 0.09% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $5,250,000. It is a 2,950 sqft 3-bedroom and 3-bathroom unit.