220 East 57TH Street #5G, New York City, NY 10022
Listing Courtesy of CHERYL RODRIGUES REAL ESTATE LLC
$375,000
Potential Rebate: $5,625
Overview
<p> Generously proportioned studio residence offering excellent closet space, abundant natural light, and an efficient layout with no wasted space. The apartment features a wall of oversized windows, hardwood floors throughout, and a well-planned floor plan that comfortably accommodates separate living, dining, and sleeping areas. Multiple closets enhance functionality, while the kitchen and bathroom are thoughtfully designed for everyday use.</p> <p> <strong>The Carlton East</strong>, originally constructed in 1962 and converted to a cooperative in 1978, is a well-maintained, full-service building with a blue-brick facade and canopied entrance. Amenities include a full-time doorman, live-in superintendent, central laundry room, bike storage, additional storage cages, two elevators, and recently renovated hallways.</p> <p>The cooperative permits up to 80 percent financing and allows co-purchasing, guarantors, pied-à-terre ownership, and unlimited subletting after one year of ownership, subject to board approval. Pets are permitted.</p> <p>Conveniently located in <strong>Sutton Place</strong>, the building is close to a wide range of dining, shopping, and everyday services, with a Whole Foods Market located next door. Transportation options include multiple subway lines (4, 5, 6, N, R, Q, M, F, and E) and nearby crosstown bus service (M57 and M31).</p> <p>A bright, efficiently laid-out studio with generous storage in a full-service cooperative, offering flexibility, convenience, and a prime Manhattan location.</p> <p> </p>
Home Features
- •City
Estimated Monthly Payment
$2,982 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$5,625
Monthly savings impact
$16/mo
Effective Purchase Price
$369,375
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of CHERYL RODRIGUES REAL ESTATE LLC
Data Source: TRESTLE #RLS20066638
RLS at REBNY
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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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of CHERYL RODRIGUES REAL ESTATE LLC
Data Source: TRESTLE #RLS20066638
RLS at REBNY
Price Analysis
Compare average listing prices and value metrics for Carlton East against the surrounding Sutton Place market.
Average List Price
Price Per SqFt
55.91% 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.
