The Mondrian

The Mondrian is a condo located 250 East 54th Street, in Midtown East, New York. The building was first built in 1990 and is 34 years old. The lot that the building was built on is 100 feet wide and 100 feet long. The official lot area is listed as 10,042 square feet. The building itself is 100 feet wide and 85 feet long. In total, 250 East 54th Street has a total floor area of 197,109 square feet. Of that, 174,640 square feet are used for residential purposes. About 22,469 square feet of the building are used for commercial purposes. There are a total of 176 units. Of those, 174 are residential units. There are 2 commercial units. 250 East 54th Street has a total of 43 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? 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. 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 851 closings on record, of which we have matching data for 106 listings. In the past 3 years, a listing in this building will typically remain on the market for about 132 days and tend to sell below the original asking price of $1,212,500 by 13.09%. Meaning, listings tend to sell at a median of $1,367 price per square foot. The transaction that took the longest to complete was unit 9A, listed on May 29, 2018 for $1,725,000. This particular unit ultimately sold 369 days later for $1,470,000. The most recent transaction was for unit 6C, which was first advertised on Sep 13, 2023, sold for $1,100,000 on Dec 14, 2023. Fun fact, the oldest transaction we have on record took place on Oct 28, 1991. See the full transaction history for The Mondrian below.

Midtown East, where 250 East 54th 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 $1,212,500. For interested buyers, that means the building's median asking price is around 0.39% 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 are currently 3 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,195,000. It is a 788 sqft 1 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $600,000. It is a studio and 1 bathroom unit. A breakdown of active listings shows 2 studio, 1 one-bedroom, no two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $625,000. Active units for sale at 250 East 54th Street are mostly studio apartments and have a median count of 1 bathroom.