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The St Regis, 2 East 55th Street

Between Fifth Avenue & Madison Avenue

Key Details

  • Year Built 1904
    Converted Year 2006
    Building Type Condominium
    Neighborhood Midtown East
  • Total Apartments 46
    Total Floors 18
    Doorman FT Doorman
$371
Avg. Price / ft2

Rating

32
Out of 44

Architecture Rating: 32 / 44

+
23
Out of 36

Location Rating: 23 / 36

+
19
Out of 39

Features Rating: 19 / 39

=
74

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #25 Rated condo - Midtown East
 

Description

In 2005, work began on converted 59 of its rooms into 33 condominium apartments, part of a partial conversion trend at that time that included the Plaza Hotel and the Gramercy Park Hotel. Other hotels at the same time were completed converted included the Empire Hotel at 44 West 63rd Street and the Helmsley Windsor at 100 West 58th Street.

When it opened, this elegant, Parisian-style dowager hotel set new standards for luxury and it is one of Fifth Avenue s fabled gems.

This distinguished hotel was erected by Colonel John Jacob Astor in 1904 and was designed by Trowbridge & Livingston and Sloan & Robertson designed its large expansion along 55th Street in 1927.

Its bronze-domed doorman's sentry box beneath its large sidestreet canopy proudly proclaims its high-tone service. Although its main lobby is relatively small, albeit very lavish, the hotel has always been known for its elegant entertaining rooms. Its "roof," as the hotel refers to its enclosed top floor, still has its pleasant, medium-size ballroom that has lost some of its elegance over the years but still has some wonderful window vistas.

The expansion along the sidestreet enabled the hotel to create an enormous and magnificent club-like bar room highlighted by Maxfield Parrish's large mural of a flatulent "Old King Cole" that originally was in the former Knickerbocker Hotel on the southeast corner of Broadway and 42nd Street that Astor had built shortly after he had erected the larger and more famous Astor Hotel on Broadway between 44th and 45th Streets that was sadly demolished to make way for an office tower. The large bar, unfortunately, was significantly altered in 1991 by the Sheraton hotel chain, to become a dining room and the Parrish mural was moved to a much smaller nearby area that now serves as a bar, which is very attractive just not as grand as the former space.

For many years, the hotel had a famous nightclub, La Maisonette, in which Peter Duchin and his orchestra played in the 1960's, but it has long since been closed.

The St. Regis was the first hotel in the city to be air-conditioned and originally it was reported to have 47 Steinway pianos.

In his excellent book, "Fifth Avenue, The Best Address," (Rizzoli International Publications Inc., 1998), Jerry E. Patterson, provided the following commentary about the St. Regis:

"The public rooms in the St. Regis were relatively small, a subtle indication that the management did not want the crowds that milled in Peacock Alley at the Waldorf=Astoria or in the vast lobby of the Astor in Times Square....On the Fifth Avenue side was an outdoor terrace where one could have refreshments, lost when Fifth Avenue was widened....During the nightclub years of the 1930s the St. Regis had many clubs, attracting for the most part a rather conservative and very well-heeled crowd. Joseph Urban[n], the flamboyant architect, designed the Seaglades nightclub where Vincent Lopez's orchestra played. During the summer they played for dancing in the Japanese-style roof garden of the hotel." The hotel, according to Patterson, was named after the St. Regis Lake in the Adirondacks.

The hotel's Fifth Avenue retail corner unfortunately was reclad in the 1970s in travertine marble that was not sensitive to the great Art Nouveau spirit of the hotel's architecture although it originally housed Buccellati, whose wonderful silver objects were memorably upscale. Buccellati subsequently moved to a different location.

For many years, the St. Regis was the city's most desirable luxury hotel, especially for European visitors and it still retains much of its luster and its ambiance was enhanced by the new and very handsome Takashimaya Building south of it on Fifth Avenue and by the excellent refurbishing of the former Gotham Hotel by the Peninsula chain directly across the avenue. The Peninsula complements the St. Regis wonderfully with a similar but more robust façade.

The announcement that 59 of the hotel's 315 rooms would be converted into 33 apartments came in the wake of the announcement by the new owners of the Plaza Hotel, its major competition for decades, were converting many of its rooms to condominium apartments, an announcement that stirred considerable controversy and eventually led to a reduction in the number of hotel rooms that would be converted.

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Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Pre War
  • Health Club
  • Business Center
  • Event Room
  • Valet Parking
  • Lounge
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Apartments for Sale at 2 East 55th Street (18)

18
Available Apts
$125K - $2.3M
Price Range
$371
Avg. Price / ft2
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Carter Horsley's Review

Carter Horsley's Building Review
"In 2005, work began on converted 59 of its rooms into 33 condominium apartments, part of a partial conversion trend at that time that included the Plaza Hotel and the Gramercy Park Hotel. Other hotels at the same time were completed converted included the Empire Hotel at 44 West 63rd Street and the Helmsley Windsor at 100 West 58th Street.
When it opened, this elegant, Parisian-style dowager hotel set new standards for luxury and it is one of Fifth Avenue s fabled gems." Read Carter's Full Review
Pros
  • Landmark luxury hotel building
  • Health club
  • Close to Museum of Modern Art
  • Convenient to high-end shopping
  • Close to Central Park
  • Prime midtown location
  • Catering
  • Handsome and large marquee
  • Doorman
  • Concierge
  • Close to Subway
Cons
  • Considerable traffic
  • No sundeck
  • 4-step-up entrance
  • No balconies
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More Neighborhood Info

Subways

  1. M
  2. E
at 5th Ave and 53rd 0.09 miles
  1. F
at 6th Ave 0.23 miles
  1. N
  2. Q
  3. R
at 5th Ave and 60th 0.24 miles
  1. 6
at Lexington Ave 0.33 miles
  1. 4
  2. 5
at Lexington Ave and 60th 0.36 miles
  1. B
  2. D
at Broadway and 53rd 0.38 miles
  1. 1
at Broadway 0.48 miles

Closing History - Last 1 sales

View All Closed Transactions
1
Units Sold
$235K - $235K
Price Range
$186
Avg. Price / ft2

Pricing Comparison of Similar Buildings

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In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 460 Available for Sale
  • $1,707 Avg. Price / Ft2
  • $2,698,867 Avg. Price
  • $1,275,000 Median Price
  1. Most Expensive One Beacon Court Apt PH5152W | $45,000,000
    Price / ft2 $5,000
  2. Least Expensive The St Regis Apt 909 | $125,000
    Price / ft2 $281

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