Tiny, Yet Mighty: Trio of Intimate Boutique Condos Underway in Midtown East

By CityRealty Staff | From Future New York Wednesday, February 8, 2017

L to R: 323 East 53rd, 336 East 54th Street, and 245 East 53rd Street

Buying a condo in Midtown Manhattan is almost synonymous with living in a highrise where your apartment is one of many and getting to know your neighbors just isn't a priority. But if you're looking for cozier living arrangements in the area —a feeling of community and control over the day-to-day happenings of your building— the smaller residential buildings, lining the mid-blocks of Midtown East, may be your best bet. While many of these buildings are prewar walk-ups or private single-family brownstones, a new trio of boutique condos is ‘wedging’ its way in.

Building: 245 East 53rd Street, between Second and Third avenues
Developer Vinbaytel Property Development
Type: Condominium
Floors: 6
Units: 5
Architect of Record: Versatile Engineering

At 245 East 53rd Street, developer Gary Vinbaytel has just received the green light to move forward on a 6-story, 5-unit condominium development. Vinbaytel has delivered a serving of pint-sized condos in more likely environs, like the East Village's recently-launched Poppy Lofts. This latest foray, however, pitches a project near the canyons of Midtown —just behind the 43-story, 178-unit Mondrian. Vinbaytel’s website says units will be available this September; he describes the venture as the "one and only opportunity to own a piece midtown with [the] outmost layouts and [the] finest finishes.”

245 East 53rd Street; Rendering credit: Vinbaytel Property Development

Address: 336 East 54th Street, between First and Second avenues
Developer: Michael Paul Enterprises
Type: Condominium
Floors: 7
Units: 10
Architect of Record: C3D Architecture

Michael Paul Enterprises has been sprinkling Manhattan’s east side with tiny but mighty condo developments. The team recently launched sales at the 5-unit Jacqueline, which now has a three-bedroom on the market for $3,495M and a four-bedroom priced at $7.995M. Here in Midtown’s Turtle Bay, the team has pared down an 18-unit tenement building transforming it into a an upscale condo with 10 units. C3D Architecture was enlisted to design and the building will be similar-in-appearance to the developer’s many endeavors.

We visited the site earlier this week and the finishing touches are being applied. The preexisting building has gained an additional story and the exterior has received an elegant coating of limestone, punctuated by rows of multi-pane windows. Sales will likely launch later this year, so stay tuned and sign-up for building updates.

336 East 54th Street; Rendering credit: Michael Paul Enterprises

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336 East 54th Street facade; CityRealty

Address: 323 East 53rd Street, between First and Second avenues
Developer: Michael Paul Enterprises
Type: Condominium
Floors: 6
Units: 9
Architect of Record: Vail Associates

Almost directly south of the project above, at 323 East 53rd Street, Michael Paul Enterprises is busy bringing a formerly-stalled development to fruition. This venture will hold 9-units and rise to 6-stories. Like the aforementioned developments, there will be no more than two apartments per floor. Per the generic photographs on the building’s website, residences will sport marble baths, floor-to-ceiling windows, open kitchens and living rooms, fireplaces, central air, and private/ communal outdoor areas; Vail Associates are the architects of record.

323 East 53rd Street; Rendering credit: Michael Paul Enterprises

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For those open to trading in the roster of amenities available in large condos for more intimate, personalized settings that (gasp) encourage interaction, these boutique buildings have a lot to offer. Our leading purveyor of the building type, Michael Paul Enterprises, recently finished construction of 230 East 63rd Street, a 6-floor, 6-unit condo between Second and Third avenues. Its sole unit available is a two-bedroom, 1,743-square-foot, fifth-floor spread priced at $3.495 million or $2,005 per square foot. This price per square foot is in line with many of the low- to mid-floor two-bedrooms at a nearby condo-tower at 200 East 59th Street, currently under construction.

Condo closing prices are coming off of their record highs caused by 432 Park Avenue's closings; CityRealty

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