245 East 53rd Street is a boutique mixed-use condominium building located in the heart of Midtown East’s Sutton Place neighborhood. The property was completed in 2016 and consists of approximately 65 residential condominium units above ground-floor retail.
The offering comprises the commercial retail condominium located at the base of the building, featuring approximately 1,800 square feet on the ground floor and 1,667 square feet on the lower level. The space is currently leased to the well-known restaurant concept MáLà Project, with a lease in place through March 31, 2030, providing stable long-term tenancy.
Positioned between Second and Third Avenues, the property benefits from strong residential density, proximity to major office corridors, and convenient access to public transportation. East 53rd Street has become a prominent dining corridor within Midtown East, drawing consistent foot traffic from both neighborhood residents and office professionals.
The combination of modern residential development above and an established restaurant tenant below creates a compelling investment opportunity in one of Manhattan’s most established and desirable submarkets.
