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230 Park Avenue
Last updated on Jan 31, 2025

The Helmsley Building,
230 Park Avenue

Iconic 1929 landmark building in Midtown East, designated a New York City Landmark with distinguished architectural heritage. Prime Park Avenue location steps from Grand Central Terminal, with potential residential conversion under consideration.

230 Park Avenue Location Map
Q1 2027
Target Sales Date
Q2 2028
Planned Delivery Date

Builders

Developer

RXR Realty

Architect

-

Interior Design

-

Overview of The Helmsley Building at 230 Park Avenue

230 Park Avenue was developed in 1929 by the New York Central Railroad and renamed the Helmsley Building after developer Harry Helmsley acquired it in 1978. RXR Realty acquired it in 2015, and raised the possibility that it could be partially converted to apartments in late 2024.

The Helmsley Building and its first-floor interior were designated New York City Landmarks in 1987. It is up the street from Grand Central Terminal and One Vanderbilt, and located in excellent proximity to Midtown East offices lining Park Avenue.

Doorman
None
Type
Condo
Year Built
1929
Converted: Planned for 2028
Floors
35
Neighborhood
Min Down
20%
Developer
RXR Realty

Recent Updates

RXR plans equity investment for The Helmsley Building

Aug 22, 2025

In summer 2025, a judge ruled that a foreclosure case could proceed at The Helmsley Building, a landmarked office tower next to Grand Central Terminal. A short time later, Helmsley Building owner RXR announced plans to sign an agreement to modify the property's mortgage that would include significant equity investment. Many office tenants have left, and the developer is mulling a partial residential conversion.

Amenities

  • Pre War
  • Elevator
  • Landmarked
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  1. 4
  2. 5
  3. 6
  4. 7
at Lexington Ave and 43rd 0.18 miles
  1. M
  2. E
at Lexington Ave 0.29 miles
  1. B
  2. D
  3. F
at 5th-6th Aves and 42nd 0.31 miles

Sales Summary

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