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The Mondrian, 250 East 54th Street

At The Southwest corner of Second Avenue   |    Midtown East

cityrealty insider access Interested in off-market listings at The Mondrian? find out more

Key Details

  • Condo
  • Built in 1991
  • 178 Apartments
  • 43 Floors
$1,389 Avg. Price / Ft2
$70 Avg. Price / Ft2
  • Size Avg. Price # Sold
  • STUDIO $603,750 4
  • 1 BED $1,125,000 1
  • 2 BEDS $1,862,857 7
  • 3 BEDS $2,600,000 1
  • Avg. Price based on 13 closings during past 12 months Last updated Jul 24, 2017
  • View all recent sales
$1,469 Avg. Price / Ft2

Overview

82

The Mondrian, 250 East 54th Street has received a CityRealty Rating of 82, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

29
Out of 44
+
26
Out of 36
+
18
Out of 39
+
9
=
82
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Exists 1 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Dazzling 4 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
More than 6 Short Blocks 0 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
Yes 1 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points
  • #49 Rated condo - Midtown
  • #14 Rated condo - Midtown East
How was this building rated?

New York has surprisingly few sleek apartment towers and this is one of the best.

Designed by Fox & Fowle, an architectural firm best known for its office buildings, this 43-story is not only stunning, but, perhaps more unusual for New York, colorful.

At one point, this building was known as Le Grand Palais. Now known as The Mondrian, it is named after the great modernist painter famed for his "Broadway Boogie Woogie" designs of colored grids.

The aluminum and glass curtain wall of this tower sports red bands every five floors and the rest of the tower's façades are bright white and dark blue. It is far more colorful than the more touted Museum Tower on West 53rd Street by Cesar Pelli that was supposed to have 14 different colors on its rather dark façade that have been hard to discern.

Although the massing of the tower is a bit odd to maximize its zoning potential, it is, nevertheless, quite handsome in its combination of clean, crisp rectilinearity and a curved corner. The base of the tower is a three-story-high base that fills the site.

The 179-unit condominium tower was opened in early 1992. It was developed by Charles B. Benenson and Laurence A. and Preston R. Tisch.

Mr. Benenson was the head of Benenson Capital Company, a business founded in 1905 by his father, Benjamin. In 1976, Charles B. Benenson built the Connaught rental apartment building on the southeast corner of Second Avenue and 54th Street that was later converted to a co-operative.

According to an article by Alan S. Oser in the November 17, 1991 edition of The New York Times, it took Mr. Benenson five years to vacate the tenants in the apartment building that used to stand on the site of The Mondrian. When his new building opened as Le Grand Palais, Mr. Oser reported that a two-bedroom, two-bath apartment with 1,200 square feet on the 20th floor had an asking price of $698,000 and five, full-floor penthouse apartments, some of which had bidets, were listed at $2.5...

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Apts For sale AT 250 East 54th Street (2)

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Apts For rent AT 250 East 54th Street (5)

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Nearby Subway Stations

  1. 6
  2. M
  3. E
at Lexington Ave and 53rd 0.10 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
at Lexington Ave and 60th 0.36 miles

Carter Horsley's Review

The Mondrian, 250 East 54th Street Carter Horsley's Building Review
"New York has surprisingly few sleek apartment towers and this is one of the best." Read Carter's Full Review

The pros & cons

Pros
  • Stunning- sleek- modern design
  • Some balconies
  • Some bidets
  • Doorman
  • Proximity to midtown
  • Health club and pool
  • Concierge
  • Close to Subway
Cons
  • No roof deck
  • Heavy traffic
  • Many apartments
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The Mondrian Video

Pricing Comparison of Similar Buildings

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The Mondrian, 250 East 54th Street - 10 year Sales History

View Full Sales History
 

The Mondrian, 250 East 54th Street 12 Month Sales Summary

View By Apartment Sizes
Past 12 Months
$1,469
AVG Price / ft2, based on 13 Sales
 

Loading Recent Closings Table

The Mondrian, 250 East 54th Street Alternate Address

  • 254 East 54 Street

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In the Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 263 Available for Sale
  • $2,631 Avg. Price / Ft2
  • $6,484,635 Avg. Price
  • $3,650,000 Median Price
  1. Most Expensive 432 Park Avenue Apt PH95 | $82,000,000
    Price / ft2 $9,933
  2. Least Expensive The St Regis Apt 808 | $165,000
    Price / ft2 $371
Not enough data available to generate chart.
  • 142 Available for Rent
  • $76 Avg. Price / Ft2
  • $9,672 Avg. Price
  • $6,200 Median Price
  1. Most Expensive 432 Park Avenue Apt 56A | $69,500
    Price / ft2 $187
  2. Least Expensive 230 East 52nd Street Apt 2F | $2,300
    Price / ft2 $69
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 300 Total Sales
  • $2,320 Avg. Price / Ft2
  • $5,223,212 Avg. Price
  • $2,392,580 Median Price
  1. Most Expensive 432 Park Avenue Apt 96 | $87,660,898
    Price / ft2 $10,619
  2. Least Expensive 334 East 54th Street Apt 3F | $394,000
    Price / ft2 $635

Similar Buildings

 
cityrealty insider access Interested in off-market listings at The Mondrian? find out more
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