Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
40 SUTTON Place #PHM
Interested in this property?
Active For Sale Condo

$750,000

$691 per sq ft

40 SUTTON Place #PHM

Sutton Place, Manhattan

The Forty Sutton Place Condominium

MLS® #RLS20079862

RLS at REBNY

Listing by Douglas Elliman Real Estate

Open House Scheduled

Sunday, May 31 • 12:00 PM – 1:00 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

1

Bedroom

1

Bath

1,085

Sq. Ft.

1966

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 1,085 sq ft
Year Built 1966
Ownership Condo
HOA/Common Charges $2,464/mo
Property Taxes Contact for details
Neighborhood Sutton Place

Property Highlights

  • Views: Bridges, City
  • Climate Control: Wall Units

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 1 Full
View Bridges, City
Cooling Wall Units
Pets Yes
Year Built 1966
Living Area 1,085 sq ft
Structure Type HighRise
Basement Other
Block/Lot 01370/1076

Listing History

Event Date Price Change
Listed Mar 27, 2026 $750,000 -
Currently May 28, 2026 $750,000 -

Description

Offered well under $700 per square foot, this Sutton Place CONDO provides a unique opportunity to create the industrial chic penthouse of your dreams! Approximately 1,100 square feet of interior space plus a huge terrace overlooking the 59th St. Bridge, East River and Roosevelt Island tram from the top floor of this 10-storey building at 59th and Sutton. Flooded with sun during the day and truly magical with the twinkling bridge and city lights at night. Currently a huge 1 bed/1 bath, you could reconfigure the space into a full 2bed/2bath, subject to condo board approval of your plans. Unique features include a working fireplace, the possibility of adding another terrace to the kitchen of approximately 100 square, and an in-unit washer/dryer is permissible. Not for the timid, a full renovation is required, including replacement of the atrium windows at the owner's expense, but when you are done, you will have an amazing CONDO PENTHOUSE in a fantastic location.

All this in a full service, pet friendly building, with 24 hour doorman and resident manager, bike room and storage (subject to availability). Steps to the waterfront parks and amenities of exclusive Sutton Place, with a myriad of restaurants and shopping choices, including Trader Joe's just a block away. There is a 3% flip tax payable by the purchaser.

Sutton Place is a serene riverfront enclave in the heart of Manhattan. Its prime location offers easy access to Midtown, the United Nations, and the medical corridor just north of the Queensboro Bridge, with convenient routes to Long Island and Connecticut. The FDR Drive allows for quick access downtown, while nearby shopping includes Whole Foods, Trader Joe's, and Midtown Catch. Beloved neighborhood dining options includeJean Claude, Mr. Chow, and Bistro Vendôme. Residents also enjoy charming pocket parks and the adjacent East River Esplanade for walking and biking.

Features & Amenities

Interior Features

Building In Basement

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Bike Storage Storage

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $2,464/mo
RE Taxes Contact for details

Sutton Place is a secluded and established residential pocket known for its low-traffic elegance and stunning East River views. This neighborhood offers a 'small-town' feel within the city, defined by its private parks and classic architecture. The housing stock is predominantly composed of grand, white-glove cooperatives, many of which feature expansive layouts and historic details that appeal to discerning buyers seeking privacy.

Sutton Place Live Market Data

View Neighborhood

Active Listings

271

Median Asking Price

$1.13M

Median $/Sqft

$1,054

Avg Days on Market

N/A

New This Week

16

Price Reduced

40%

Sold (30 Days)

18

Median Sale Price

$1.35M

Live data from RLS at REBNY • Updated 5/28/26, 7:00 PM EST

Similar Listings in Sutton Place

View All

Location

Loading map...

40 SUTTON Place #PHM, Sutton Place, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1981
Year Built
45 years old
10
Floors
74
Residential Units
R10
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $8,449,203
Land Value: $1,350,005
Exemptions: $772,424

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 6,956 SF
Building Area: 47,399 SF
Built FAR: 6.81
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $2,464 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 1,085 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1966, making it approximately 60 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $750,000 for 1,085 sq ft, the asking price per square foot is approximately $691. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20079862
First Listed: 3/27/2026
On Market: 3/27/2026
Price Changed: 3/27/2026
Contract Date: 3/27/2026

Listing Courtesy of Douglas Elliman Real Estate - Ann Marie Folan

Listing Contact: -

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/28/2026 at 11:00 PM UTC

Buying a Condo? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

How to Read a Condo Offering Plan

Decode the offering plan before you commit to any new development.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email