220 East 57TH Street #4C, New York City, NY 10022
Listing Courtesy of Bond New York Properties LLC
$410,000
Potential Rebate: $6,150
Overview
Welcome to this spacious alcove studio, convertible to a junior 1-bedroom, with tons of closet space! and a southern exposure for year-round natural light! With a unique decor and an abundance of built-ins, this unit is move-in ready but priced to allow you plenty of room to decorate or renovate to your tastes! Underneath the carpet is a richly-hued hardwood floor. <br> The Carlton East, originally constructed in 1962, was transformed into a co-op in 1978. The building features a blue brick facade and a canopied entrance, and provides full-time doorman service, a live-in superintendent, central laundry facilities, two elevators, storage cages, and bike storage. Hallways are recently renovated and the maintenance is excellent. <br> The co-op allows for 80% financing, co-purchasing, guarantors, pied-a-terre, and unlimited subletting after one year of occupancy. Pets are permitted for shareholders.<br> Conveniently located in New York City's Sutton Place, the Carlton East gives you access to the best of the city. A Whole Foods Market is located downstairs, and iconic shopping destinations such as Tiffany & Co., Bloomingdale's, Bergdorf Goodman, and the Shops at Columbus Circle are all only a few minutes away. <br> Nearby transportation links include express and local subway lines (4/5/6 and N/Q/R) at 59th Street and Lexington Avenue. E/M service is accessible at Lexington Avenue and 53rd Street, the F train stops at 57th Street, and crosstown buses (M57 and M31) stop on the block.<br> There will be a four-year quarterly capital assessment of $9.40/share/year to be paid on March 1st, June 1st, September 1st, and December 1st, through 2027. The quarterly assessment is $940.00. The capital assessment will be implemented to fund critical projects essential to maintaining and improving the building's infrastructure. These necessary upgrades will ensure the general function, safety, and compliance with new city regulations, while preserving the building's long-term value. Some of the projects that require funding through this assessment include HVAC & Plumbing Overhauls, Compliance with Local Law Regulations, and Elevator Modernization.<br>
Home Features
- •Private Outdoor Space Under 60 Sqft
- •Washer Dryer Allowed
Estimated Monthly Payment
$3,395 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$6,150
Monthly savings impact
$17/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Similar Homes
321 East 54th Street #8G, New York City, NY 10022
Listing Courtesy of Sothebys International Realty
333 East 53rd Street #5B, New York City, NY 10022
Listing Courtesy of Sothebys International Realty
153 East 57TH Street #11L, New York City, NY 10022
Listing Courtesy of Corcoran Group
209 East 56th Street #7-K, New York City, NY 10022
Listing Courtesy of Maz Group NY LLC
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Bond New York Properties LLC
Data Source: TRESTLE #RLS20018451
Price Analysis
Compare average listing prices and value metrics for Carlton East against the surrounding Sutton Place market.
Average List Price
Price Per SqFt
56.75% Lower
than the Sutton Place price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Sutton Place
Overview of Sutton Place
Sutton Place is a small, ultra-exclusive enclave on the East River, running from 53rd to 59th Streets. It is famous for its pre-war elegance, river views, and old-money atmosphere. For buyers seeking Sutton Place Manhattan real estate, it offers a level of privacy and prestige that even Park Avenue envies.
Living in Sutton Place, Manhattan is quiet and refined. It is a cul-de-sac neighborhood with little through traffic. As a prestigious Manhattan NYC neighborhood, it has been home to icons like Marilyn Monroe and I.M. Pei, attracting those who want to be in the city but not of it.
Real Estate & Housing Market
The market for homes for sale in Sutton Place is dominated by "white glove" co-ops facing the river. Buildings like One Sutton Place South are legendary for their exclusivity and board requirements. There are also stunning townhouses on the side streets.
Prices are relatively high, but often offer better value per square foot than Fifth Avenue because the neighborhood is slightly further from the subway. It is a stable, mature market.
Lifestyle & Community
The lifestyle in Sutton Place is discreet. There is very little commercial activity within the enclave itself; residents walk to First Avenue for dining and shopping. It is a place for evening strolls in tiny parks and dinner parties at home.
The community is older and established, though younger people are moving in, attracted by the quiet and the value. It feels like a private club spread across six blocks.
Transportation & Accessibility
Sutton Place is famously a bit isolated. The nearest subways (E, M, 6) are at 53rd and Lexington or 59th and Lexington, a solid 10-minute walk. Residents often rely on taxis, Ubers, or the crosstown bus.
Easy access to the FDR Drive makes it convenient for those who own cars and travel to the Hamptons or Westchester.
Parks, Schools & Amenities
The neighborhood features a series of "pocket parks" at the end of each street overlooking the East River, offering benches and stunning views of the Queensboro Bridge. Sutton Place Park is a gem.
Amenities are refined: specialized cheese shops, florists, and high-end grocers on the periphery. It is close to the design district on the East Side.
Who This Neighborhood Is Best For
Sutton Place is best for diplomats, retirees, and buyers who prioritize silence, river views, and white-glove service over subway convenience.
