RFR Holding has listed the 34,436-square-foot commercial condominium at 66 East 55th Street—once home to the famed Core Club—for $40 million. Jointly marketed by Rudder Property Group and BK Real Estate Advisors (BKREA), the fully built-out luxury space offers a turnkey opportunity for private clubs, hospitality brands, or creative office tenants seeking an irreplaceable Midtown address.
Key Takeaways
Prime Plaza District Location: Nestled between Park and Madison avenues, the property occupies the base of the 45-story Park Avenue Place condominium designed by Kohn Pedersen Fox.
Full Luxury Buildout: Includes high-end finishes, a commercial kitchen, restaurant space, screening room, library, spa, treatment rooms, lounges, and meeting spaces—many features designed by SPAN and furnished to club standards.
Outdoor Dining Terrace: 1,695-square-foot terrace for private events or al fresco dining—an uncommon amenity in Midtown’s office and club market.
Top-Tier Brokers: Michael Rudder & Justin Harris (Rudder Property Group) and Bob Knakal, Ryan Candel & Tom Brady (BKREA) are leading the sales effort.
Financial Overview: Annual common charges are $158,136; 2025 real estate taxes are approximately $862,000. Asking price equates to about $1,162 per square foot.
Rich History & Brand Cachet: Originally opened in 2005 by Jennie Enterprise with backers like Aby Rosen, Roger Waters, and Kenneth Cole, the Core Club became a symbol of New York’s luxury private club culture before relocating in 2023.
Frequently Asked Questions
Q: What type of buyer is this suited for?
A: Private club operators, boutique hotels, luxury hospitality brands, or prestige office tenants seeking a fully built-out Midtown flagship.
Q: Can the space be reconfigured?
A: Yes. While it is move-in ready, the floor plan allows for flexible reconfiguration depending on the tenant or owner’s needs.
Q: Why is the property being sold?
A: RFR is repositioning the asset following the Core Club’s relocation and after settling past foreclosure proceedings tied to pandemic-era rent defaults.
Q: What makes the location unique?
A: It’s one of the few Plaza District commercial condominiums with extensive hospitality-grade amenities, central to Manhattan’s corporate, retail, and cultural hubs.
Q: Will the furniture and fixtures remain?
A: Yes, the interiors are being offered with the existing high-end furnishings and specialty installations included.
