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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

Copyright@2026 · All rights reserved.

Developed by Priyangsu Banik & Pritam Mondal

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10022
  6. 250 East 54TH Street #42PH4
Property thumbnail
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Condominium•Sutton Place

250 East 54TH Street #42PH4, New York City, NY 10022

Listing Courtesy of Serhant

$4,995,000

Potential Rebate: $74,925

Condominium
3 Beds
3 Baths
9 Rooms
2,304 sqft
Built 1991
43 Stories
2,168/ft²
Listed on Jan 6, 2026
10 days on market
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Overview

<p>Rising above Midtown East, <strong>Residence 42PH4</strong> crowns The Mondrian as a rare, full-floor modern penthouse offering extraordinary privacy, iconic architecture, and sweeping cinematic views in every direction.Located atop one of Manhattan's most architecturally significant residential towers, this exceptional residence spans <strong>over 2,200 square feet</strong> and enjoys <strong>unobstructed 360-degree panoramas</strong> encompassing the Chrysler Building to the south, the East River and its bridges to the east, the Roosevelt Island Tram gliding past the skyline, the iconic Silvercup sign, and even rare slivers of Central Park-an extraordinary vantage point even by New York standards.Two private elevators deliver you directly into the residence, where scale, light, and architectural clarity immediately set the tone. Grand entertaining spaces are framed by floor-to-ceiling windows, ceilings exceeding 10 feet, and a refined modern aesthetic designed for both elevated daily living and sophisticated entertaining.</p> <p> The <strong>windowed kitchen</strong> is both glamorous and supremely functional, finished in glossy white with ambient accent lighting and extensive custom storage. A full suite of <strong>Miele appliances</strong>-including a charbroiler cooktop, wall oven, speed oven, microwave, dishwasher, and integrated espresso machine-is paired with a <strong>Sub-Zero refrigerator</strong>, creating a kitchen that performs at a professional level while remaining visually striking.</p> <p> The residence features <strong>three bedrooms and three luxurious bathrooms</strong>, each thoughtfully designed to offer privacy, comfort, and architectural interest.</p> <p> The <strong>primary suite</strong> is a serene sanctuary with dramatic southern exposures over Midtown and Second Avenue. It features a custom walk-in closet, a modern ethanol fireplace, and a spa-like bathroom clad in stone, complete with a glass-enclosed rain shower with multiple jets and breathtaking views extending toward the East River, bridges, and the constantly evolving New York skyline.</p> <p> The <strong>second bedroom</strong>, functioning as a true secondary primary suite, wraps the corner of the building along The Mondrian's signature curved glass facade. This striking architectural feature creates a unique sense of dimension and immersion in the skyline. The ensuite bath offers a soaking tub and separate stall shower, allowing for an indulgent experience framed by dramatic city and river views-an unmistakably cinematic New York setting.</p> <p> The <strong>third bedroom</strong> provides exceptional flexibility and comfort, ideal as a guest suite, private den, or executive home office. Positioned to offer a quieter retreat from the main entertaining areas, it is perfectly suited for extended stays or work-from-home living. A beautifully appointed full bathroom with custom mosaic tile and stone finishes is located just outside, ensuring privacy and convenience for guests.</p> <p> Additional highlights include an <strong>integrated high-end AV system with built-in speakers</strong>, motorized <strong>Hunter Douglas shades</strong>, European fixtures, Venetian plaster walls, blonde hardwood floors, and bespoke lighting throughout. A rare <strong>penthouse mudroom</strong> off the service elevator provides discreet storage and private trash disposal-bringing house-like functionality to a sky-high residence.</p> <p> Residents of The Mondrian enjoy <strong>24-hour white-glove services</strong>, including concierge, doorman, and resident manager, shared outdoor space, and <strong>direct access to Equinox Fitness Club</strong>, all within a prime Midtown East location ideal for global ownership.</p> <p> <strong>42PH4 is not simply a penthouse-it is a statement.</strong></p> <p> <strong> </strong>A singular opportunity to own a full-floor residence where architecture, design, and the New York skyline converge at the highest level.</p> <p>&nbsp;</p> <p>&nbsp;</p>

Home Features

  • •Building In Basement
  • •Balcony
  • •Private Outdoor Space Over 60 Sqft
  • •Washer Dryer Allowed
  • •Bridge(s)
  • •City Lights
  • •City
  • •Park/Greenbelt

Estimated Monthly Payment

$28,585 per month

30 year fixed, 6.28% Interest

Principal and Interest
$24,682
Property Taxes
$0
Maintenance/Common Charges
$3,903

Estimated Rebate for this Home

One-time rebate at closing

$74,925

Monthly savings impact

$208/mo

Effective Purchase Price

$4,920,075

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Serhant

Data Source: TRESTLE #RLS20065311

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Why Buy With Us

Rebates Up To

2.5%

25+ Years

Experience

REBNY & NAR

Member

Verified

Listings

RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Serhant

Data Source: TRESTLE #RLS20065311

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Price Analysis

Compare average listing prices and value metrics for The Mondrian against the surrounding Sutton Place market.

Based on 4 active units in building vs 205 in area

Average List Price

Building$2.6M
Neighborhood$3.1M

Price Per SqFt

Building Avg$1,618/ft²
Neighborhood Avg$1,550/ft²
Premium Market

4.43% Higher

than the Sutton Place price-per-sq-ft average

This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Sutton Place.

Sutton Place

Overview of Sutton Place

Sutton Place is a small, ultra-exclusive enclave on the East River, running from 53rd to 59th Streets. It is famous for its pre-war elegance, river views, and old-money atmosphere. For buyers seeking Sutton Place Manhattan real estate, it offers a level of privacy and prestige that even Park Avenue envies. Living in Sutton Place, Manhattan is quiet and refined. It is a cul-de-sac neighborhood with little through traffic. As a prestigious Manhattan NYC neighborhood, it has been home to icons like Marilyn Monroe and I.M. Pei, attracting those who want to be in the city but not of it.

Real Estate & Housing Market

The market for homes for sale in Sutton Place is dominated by "white glove" co-ops facing the river. Buildings like One Sutton Place South are legendary for their exclusivity and board requirements. There are also stunning townhouses on the side streets. Prices are relatively high, but often offer better value per square foot than Fifth Avenue because the neighborhood is slightly further from the subway. It is a stable, mature market.

Lifestyle & Community

The lifestyle in Sutton Place is discreet. There is very little commercial activity within the enclave itself; residents walk to First Avenue for dining and shopping. It is a place for evening strolls in tiny parks and dinner parties at home. The community is older and established, though younger people are moving in, attracted by the quiet and the value. It feels like a private club spread across six blocks.

Transportation & Accessibility

Sutton Place is famously a bit isolated. The nearest subways (E, M, 6) are at 53rd and Lexington or 59th and Lexington, a solid 10-minute walk. Residents often rely on taxis, Ubers, or the crosstown bus. Easy access to the FDR Drive makes it convenient for those who own cars and travel to the Hamptons or Westchester.

Parks, Schools & Amenities

The neighborhood features a series of "pocket parks" at the end of each street overlooking the East River, offering benches and stunning views of the Queensboro Bridge. Sutton Place Park is a gem. Amenities are refined: specialized cheese shops, florists, and high-end grocers on the periphery. It is close to the design district on the East Side.

Who This Neighborhood Is Best For

Sutton Place is best for diplomats, retirees, and buyers who prioritize silence, river views, and white-glove service over subway convenience.
Sutton Place GuideAll Neighborhoods
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