The present building at 301 Park Avenue in Manhattan is a 47 floor , 625 ft. ( 191 m ) Art Deco landmark , designed by architects Schultze and Weaver and dating from 1931 . The present building at 301 Park Avenue in Manhattan is a 47-storey , 190.5 m Art Deco landmark , designed by architects Schultze and Weaver and dating from 1931 .