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Madison Park Tower, 49 East 34th Street

Between Madison Avenue & Park Avenue

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Key Details

  • Year Built 2009
    Building Type No Fee Rental
    Neighborhood Murray Hill
  • Total Apartments 110
    Total Floors 36
    Doorman FT Doorman

Description

This 36-story, mid-block, rental apartment tower at 49 East 34th Street was erected in 2007 and has 110 units.

The building is known as Madison Park Tower and was designed by HTO Architect.

It has excellent public transportation and is close to the Morgan Library.

It was erected as a condominium project by Esplanade Capital of which Jay Eisenstadt and David Scharf are partners.  Esplanade then planned to sell the development to Sorrento Asset Management, but Sorrento missed some payments, causing Esplanade to default on its construction loan with iStar Financial.  According to a February 25, 2015 article by Charles V. Bagli in The New York Times, “before foreclosure in 2011, iStar pushed Esplanade to rent the tower to Bridgestreet Corporate Housing, which operates extended stay housing….[but] Esplanade later lost the building to iStar, which sold its loan to CIM Group.

In March, 2015, the extended-stay hotel ceased operations and the tower’s units were converted to rent-regulated apartments and the New York State Attorney General’s Office had the CIM Group pay $4.4 million to a special city fund for building affordable housing.  That was the amount of tax breaks that the building had received.  The CIM Group was a co-developer of the SuperTall luxury apartment building at 432 Park Avenue.

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Building Amenities

  • Attended Lobby
  • FT Doorman
  • Hi Rise
  • Post War
  • Washer/Dryer in building
  • Elevator
  • Fitness Center
  • Outdoor Entertainment Space
  • Laundry Room
  • In-Unit Washer/Dryer
  • Terraces / Balconies
Want more information about this property? Get it here!
Morgenstern Capital Madison Park Tower Leasing
49 East 34th Street
(646) 661-XXXX

Apartments for Rent at 49 East 34th Street (5)

5
Available Apts
$3,525
1 Bed Starting At
$5,150
2 Beds Starting At
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Carter Horsley's Review

Carter Horsley's Building Review
"This 36-story, mid-block, rental apartment tower at 49 East 34th Street was erected in 2007 and has 110 units.
The building is known as Madison Park Tower and was designed by HTO Architect." Read Carter's Full Review
Pros
  • Many impressive views
  • Bicycle room
  • Pets allowed
  • Laundry
  • Cardio fitness room
  • Murray Hill location
  • Very good public transportation
  • Discrete air-conditioners
  • 24-hour attended lobby
  • Close to Subway
Cons
  • No balconies
  • No garage
  • No roof deck
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More Neighborhood Info

Subways

  1. 6
at Park Ave 0.11 miles
  1. M
  2. B
  3. D
  4. F
  5. N
  6. Q
  7. R
at Broadway and 35th 0.33 miles
  1. 4
  2. 5
  3. 7
at Madison Ave and 42nd 0.38 miles

Building Managed By Morgenstern Capital

More about Morgenstern Capital

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In The Neighborhood: What’s Available

Not enough data available to generate chart.
  • 473 Available for Rent
  • $68 Avg. Price / Ft2
  • $4,480 Avg. Price
  • $3,750 Median Price
  1. Most Expensive 147 Lexington Avenue Apt TOWNHOUSE | $38,000
  2. Least Expensive 136 East 36th Street Apt 7E | $1,800

Alternate Address

  • 47 East 34th Street

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Morgenstern Capital Madison Park Tower Leasing
49 East 34th Street
(646) 661-XXXX
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