A contemporary Park Avenue condo designed by the prolific Costas Kondylis
With interlacing bands of white and red brick encapsulating especially rectilinear and tall windows, 45 Park Ave. juxtaposes the decidedly older residential blocks in its midst, a mix of post and prewar mid-rises. Designed by the late Costas Kondylis during his famous 2000 to 2007 building hot streak — a period in which he and his team completed a whopping 65 structures — the 21-story condo’s proportioning and incidental setbacks allows the building to somehow fit in with its neighbors. Though on a lower section of Park Avenue, the property is still imbued with much of the avenue’s atmosphere of staid luxury. “It’s a Kondylis, which alone carries clout, but which also means that the top-line, evergreen and neutral-tone sponsor finishes introduced when the building was completed in 2006 have held up incredibly well,” says Azad Zubair, an agent with Compass. “When resale units come on the market, it’s obvious that very little alterations have been made.” A staple of the city’s various late 20th-century and early 21st-century real estate booms, the famed architect adhered less to the boisterous, statement-making approach of his fame-seeking contemporaries and instead, imbued his projects with a more widely appealing expression of quiet opulence. “I do the conservative approach, like Mercedes-Benz,” Kondylis is quoted saying in a 2011 New York Times article. The condo’s 101 larger-than-average units are outfitted with wide-plank hardwood flooring and all marble bathrooms containing oversized soaking tubs. A few have extra-high ceilings.
Though the fully furnished shared outdoor terrace — leading off a well-equipped second floor fitness room — juts off the building’s rear, the large floor-to-ceiling windows suffusing most residences with ample natural light also do the work of framing the choice skyline views visible from this perch. The condo replaced what used to be the iconic 1923-built Sheraton Russell Hotel. The full-time attended and concierge-helmed double-height lobby retains certain architectural vestiges of the former structure: Crema Marfil and Oro Toscano marble floors; Mozambique wood walls and oil rubbed bronze accents. Delimiting the quieter Murray Hill neighborhood toward the east and giving way to the energetic pace of Midtown toward the west, 45 Park Ave. is well situated. “The location is a huge draw,” Zubair adds. “Grand Central Terminal, the Morgan Library and Bryant Park are nearby. It’s a Park Avenue address which has its own cache. One can go anywhere in the world and that moniker will be recognized.”
Large one- to three-bedrooms with layouts conducive to contemporary life
On the market in winter 2025 with Zubair for $1.3 million, unit 202 is an expansive 958-square-foot one-bedroom with a cleverly laid-out en suite principal incorporating ample closet space and containing enough room for a king size frame. The amount of space found here is rare for newer condos, especially those built since the 2000s. Natural stone countertops and all white cabinetry with frosted glass uppers anchor top-line Viking and Sub-Zero appliances. Most 45 Park Ave. residences have in-unit washer/dryers but there’s also a sizable laundry room in the basement. One-bedrooms on higher floors but with comparable space — like unit 1206, on the market for $1.7 million in winter 2025 — fetch a premium. While two-bedrooms with at least 1,500 square feet of space sell for closer to $2.3 million, expansive 2,200-square-foot three-bedrooms — a few with private 10th floor terraces — go for $3.8 million. Several combined triple-exposure four-bedrooms have sold for upward of $4 million.
Other amenities part of the building’s comprehensive but not superfluous offering include the fitness room-adjacent resident’s lounge, undergoing renovation in early 2025. There’s also an on-site garage, but with only 20 parking spaces that are sold separately. For residents that manage to keep their cars here or in other nearby third party-operated facilities, the Long Island Expressway-linked Midtown Tunnel is accessed a few blocks down adjacent East 36th and East 37th streets. “If there aren’t certain amenities offered at 45 Park Ave., the long-established Union League Club right across the street makes up the difference,” Zubair adds. Among some of New York’s most revered associations of its kind, the establishment is housed in an ornate Georgian-style building, adding to the area’s historic charm.
Everything Murray Hill, Midtown and Nomad neighborhoods have to offer
If not working in walking distance Midtown or Flatiron District, residents can commute from the 33rd Street station, served by the 6 subway line. From Grand Central, they can also take the 4, 5 and 7. When it comes to dining and shopping, they’re spoiled for choice. While Nomad abounds with swanky Michelin star haunts such as Eleven Madison and Gramercy Tavern, as well as hip bars like Sotto, Third Avenue is lined with quainter and more locals-oriented eateries including Australian go-to Little Ruby's Murray Hill and Peruvian bistro Pio Pio. Little Alley, also Michelin-starred, is a quaint spot at the foot of the Midtown Tunnel serving Shanghainese staples. A stretch of nearby Lexington Avenue, between East 29th and 27th streets, has long been dubbed Curry Hill because many Indian restaurants concentrated here. There’s a Trader Joe’s on East 31st Street and a Whole Foods right off Bryant Park. Abutting the green space, noted for its various seasonal activities, is the New York Public Library main branch building. Broadway and its many theaters aren’t far away. Fifth and Madison avenues are populated by numerous luxury boutiques while Third and Lexington avenues have big box stores and essential service businesses. The AMC Kips Bay cinema incorporates 15 theaters screening all the hits.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Very Bikeable
Bike Score®
80/ 100
Walker's Paradise
Walk Score®
100/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Tilden Park
6 min walk
St. Vartan Park
9 min walk
Baseball/Softball
Basketball
Football
Herald Square
10 min walk
Picnic Area
Trails
Concessions
Bryant Park
11 min walk
Events
Ice Skating Rink
Greeley Square Park
11 min walk
Mary O'Connor Playground
12 min walk
Three Bryant Park
13 min walk
Picnic Area
Ralph Bunche Park
13 min walk
Vincent F Albano Jr Playground
13 min walk
Playground
Schools
Source:
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