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The Mondrian

The Mondrian

The Mondrian
Condominium Building
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

250 E 54th St
New York, NY 10022
174 Units
43 Stories
1990 Year Built
$570K - $3.3M Value Range

Available Units

For Sale
For Rent

Highlights

  • Concierge
  • P.S. 59 Beekman Hill International Rated A
  • Fitness Center
  • Elevator
  • Rooftop Deck
  • 4 min walk to Greenacre Park

Postmodern condo inspired by famous artist

Yes, The Mondrian is named after the famous modern artist Piet Mondrian, often associated with his abstract grids in primary colors. In fact, he lived nearby in a studio at 353 East 56th Street in the early 1940s. As for the condo, the L-shaped building evokes the artist with red and blue bands wrapping around its 43 stories and makes a statement in a neighborhood populated by red brick or glass-and-steel structures. It’s also notable for being a condo in a majority co-op neighborhood. But The Mondrian started out as Le Grand Palais, completed in 1992 by Fox and Fowle Architects, now called FXCollaborative. According to a 1991 New York Times article, the postmodern new construction condo stood out for featuring a glass facade instead of brick; apparently this choice allowed it to blend in with nearby office buildings. But sales tanked along with the economy, and a 1996 New York Times article later reported how the building sat empty for two years before rebranding and opening sales again. Despite its rocky start, The Mondrian’s 174 units eventually sold, although a percentage are rented out.

Units trend smaller but feature skyline views

The original design favored mostly one- and two-bedrooms, but threw in a good number of studios and a dozen three-bedrooms, including a handful of penthouse floors. Today’s exact breakdown is difficult to determine since smaller units were also designed to be combined with larger ones in accordance with market demand. That said, studios start at 376 square feet and a recent one sold for $627,000. Three bedrooms with about 1,700 square feet have sold for as much as $2.7 million. Combined units with more than 2,000 square feet rarely hit the market; there hasn’t been one since 2020, which sold for $3 million. Some unrenovated units still contain original marble bathrooms, black-and-white checkered kitchen tiles and herringbone floors. Otherwise, standard features entail nine-foot ceilings with picture windows and stacked in-unit washers and dryers. Most units facing Second Avenue feature small balconies, but even those without balconies offer impressive views of the East River or skyline views from the higher floors.

An Equinox gym occupies the lower floors

Mondrian-inspired elements continue in the lobby with a modern, grid-like light fixture illuminating the Mondrian grid wall behind the front desk — minus the primary colors. As expected for a building of this stature, full-time staff includes a door attendant and on-site maintenance. Amenities are rather lackluster: The main standout for a building of this age is the landscaped fifth-floor terrace outfitted with lounge chairs and umbrella-topped tables, except views aren’t as dramatic at this level. The Equinox on the lower floor isn’t an official amenity, but it’s tough to beat its convenience since members don’t need to leave the building for a workout.

Small, residential enclave known for its white-glove buildings

Sutton Place has long been an exclusive enclave populated with white-glove buildings. It’s more residential than surrounding neighborhoods but doesn’t lack basics and leisure. Besides the Equinox in the building, casual restaurants, bars and coffee shops line Second Avenue, with more options along First and Third Avenues and the side streets. Plus, despite Sutton Place’s small footprint, the area is home to both Whole Foods and Trader Joe’s. Otherwise, shopping is a bit underwhelming, but more options can be found west of Third Avenue, like the flagship Bloomindale’s department store at 59th and Lexington. For greenspace, a recently completed $100 million project added five parks along the waterfront, including a promenade and playground with a sandbox.

Several subways and Roosevelt Island Tramway

Transportation options are above average for a location this far east, including the E and M lines right around the corner. The local 6 train is a few blocks further at 51st, while crosstown buses chug along 57th Street. The Roosevelt Island Tramway at 59th and Second Avenue technically goes to Queens, but many riders take it for the scenic views and a day out on quiet Roosevelt Island.

Available Condos

Building Details

Views

  • River
  • City

Recreation

  • Fitness Center

Amenities

  • Concierge
  • Doorman
  • Rooftop Deck
  • Laundry Facilities
  • Bike Room
  • Community Storage Space
  • 24 Hour Access

Condo Association

  • $600 Monthly HOA Fees
  • Monthly HOA Fees Range from $600 - $2,290
  • The Mondrian Condos
  • Sutton Place Subdivision

Building Design

  • Elevator
  • High-Rise Condominium

Unit Features

  • Laundry Room
  • Washer Hookup

Unit Information

Unit
11B
16A
Beds
--
2 Beds
Baths
1 Bath
2 Baths
Sq Ft
410
1,300
Price
$615,000
$1,799,000
Price / Sq Ft
$1,500 / Sq Ft
$1,384 / Sq Ft
List Date
04/09/2025
03/31/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
376 - 2,283
Est. Values
$569,882 - $3,317,937
1 Bedroom Units
Sq Ft Range
788 - 1,255
Est. Values
$939,333 - $1,635,102
2 Bedroom Units
Sq Ft Range
1,253 - 2,300
Est. Values
$1,431,579 - $1,778,540
3 Bedroom Units
Sq Ft Range
1,644 - 2,283
Est. Values
$2,067,567 - $3,037,163
4 Bedroom Units
Sq Ft Range
2,554
Est. Values
None Available
All Units
Sq Ft Range
376 - 2,554
Est. Values
$569,882 - $3,317,937

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Very Bikeable

Bike Score®

79 / 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.

Environmental Factors

Busy

Sound Score®

60 / 100

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

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

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$50K - $684K
Range of Taxes in Building
$6,259 - $85,550
Range of Taxes per Sq Ft
$13.71 - $37.47

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Team

Property Management
Zeckendorf Realty
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.