How Does The Towers of 301 Park Avenue Compare to Nearby Condos?
Summary: The condos carved out of the Waldorf Astoria at 301 Park Avenue started closing at the end of 2024, and most are still unsold. Here's how they compare with the new condos around them, from the city's closing records and the offering plan.
Short answer: the typical sponsor closing at The Towers of 301 Park Avenue is $2.77 million, 16% above the median of the 31 other new condo buildings within a mile ($2.39 million). It's also much bigger than its neighbors and still selling: 20% of its 375 homes have closed.
301 Park Avenue vs. Nearby Condos at a Glance
| The Towers of 301 Park Avenue | Nearby median (31 buildings) | |
|---|---|---|
| Homes | 375 | 95 |
| Homes closed so far | 20% | 91% |
| Typical sponsor closing price | $2.77 million | $2.39 million |
"Nearby" means every condo building in the same borough within a mile whose offering plan was accepted since 2015, with at least 20 homes and at least one recorded closing.
Price: How Its Closings Compare
By typical sponsor closing price, 301 Park Avenue ranks No. 12 of 32 buildings in the comparison, with 11 nearby buildings closing higher. Its typical closing is 16% above the nearby median.
Good to know: a building's typical closing price reflects its mix of apartments as much as its pricing. A building full of studios and one-bedrooms will look cheaper than one full of three-bedrooms, even at the same price per square foot. Compare similar layouts before reading too much into the gap, and check each apartment's price and size in the offering plan's Schedule A.
Sales Pace: How Much Is Left
301 Park Avenue has closed 76 of 375 homes (20%), 38 of them in the last 12 months. The typical neighbor has 95 homes and has closed 91% of them: 13 of the 31 are sold out or nearly so.
That matters for buyers in two ways. Many unsold homes in one building means more choice and, often, more room to negotiate with the sponsor, especially on closing costs. It also means the sponsor may own a large share of the building, and control its board, for a while. See what a condo board does.
The Nearest New Condos
These are the closest buildings in the comparison. 15 of the nearby buildings are still selling, with about 480 homes not yet closed between them; the rest are mostly resales now.
| Building | Distance | Homes | Closed | Typical closing |
|---|---|---|---|---|
| Centrale | under 0.1 mi | 124 | 91% | $2.53 million |
| Monogram | 0.1 mi | 188 | 54% | $1.48 million |
| SELENE | 0.2 mi | 99 | 86% | $3.7 million |
| 249 E 50th Street | 0.3 mi | 27 | 78% | $1.69 million |
| The Perrie | 0.3 mi | 95 | 49% | $1.08 million |
| Mandarin Oriental Residences, Fifth Avenue | 0.3 mi | 69 | 35% | $3.94 million |
What Sets 301 Park Avenue Apart
- A hotel in the building. The condos share the landmarked building with a Waldorf Astoria-managed hotel, a club and spa unit and retail.
- Hotel and club services in the common charges. A Waldorf Astoria personal concierge service and access to the club's fitness facility are paid for through common charges; housekeeping, in-home dining and spa treatments are pay-per-use.
- Parking units. The plan creates 34 parking units, served by car elevators.
- Closings against the price list. Matched to the sponsor's Schedule A, its closings so far came in 5.0% below the list prices overall.
For the finishes, amenities, staff and first-year budget, read our 301 Park Avenue buyer's guide. Search any building on The Condo Book Project to read its plan.
What to Ask Before You Buy
- How many homes have closed, and how many does the sponsor still own? Closings are public; contract counts are the sales office's word. See sales progress.
- Has the price list changed? Price changes are filed as amendments. See how to find offering plan amendments.
- Will the sponsor pay any closing costs? In a building with many unsold homes, it's worth asking. See closing costs for a new NYC condo.
- What are the common charges and taxes for this apartment? They're in Schedule A, and they vary a lot between buildings. Compare on the common charge benchmarks.
How This Is Counted
Closings are the deeds recorded in ACRIS, the city's property records, through September 2026. A home's first deed is its sponsor sale; later deeds are resales and are left out. Only deeds for a single apartment of $100,000 or more count toward the typical (median) price, and each building's median is compared with the median of its neighbors' medians. A building counts as still selling if it has closed under 95% of its homes and recorded a sponsor closing in the last 12 months.
FAQ
Is 301 Park Avenue more expensive than nearby condos?
Its typical sponsor closing, $2.77 million, is 16% above the median of the 31 other new condos within a mile ($2.39 million). Apartment mix explains part of any gap, so compare similar layouts.
How many apartments at 301 Park Avenue have sold?
76 of 375 homes (20%) had closed through September 2026, per city records.
What is the closest new condo to 301 Park Avenue?
Centrale, under 0.1 mi away.
Where this comes from: deeds recorded in NYC's ACRIS system through September 2026, matched to each building's tax lots, and the offering plans filed with the New York Attorney General for The Towers of 301 Park Avenue (CD180101) and its neighbors. This is general information, not investment advice. Updated October 2026.
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