227 East 57TH Street #8B, New York City, NY 10022
Listing Courtesy of City Sphere
$665,000
Potential Rebate: $9,975
Overview
<p> Elegant Midtown East Residence with Modern Upgrades - Unit 8B</p> <p> Welcome to Unit 8B at 227 East 57th Street, a beautiful residence in a full-service, Art Deco-style cooperative building originally built in 1931 as a hotel . Designed in the pre-war era, the building showcases classic architectural charm - including its red-brick facade, stone detailing, and refined Art Deco influences - while offering the conveniences of modern living.</p> About the Building <p> This elegant 20-story pre-war gem offers:</p> <ul> <li> <p> Full-time doorman for 24/7 service</p> </li> <li> <p> Elevator access</p> </li> <li> <p> Live-in superintendent ensures prompt maintenance</p> </li> <li> <p> Laundry room in the building</p> </li> <li> <p> Secure bike room</p> </li> <li> <p> Private storage lockers / resident storage available </p> </li> </ul> <p> The building's history as a former hotel contributes to its grand proportions, architectural detail, and thoughtfully designed common spaces - all hallmarks of its pre-war Art Deco heritage.</p> Unit 8B Highlights: <ul> <li> <p> Spacious living room: Large layout, ideal for both relaxing and entertaining</p> </li> <li> <p> Renovated kitchen: Modern finishes, updated appliances, stylish cabinetry</p> </li> <li> <p> Renovated bathroom: Clean, contemporary design</p> </li> <li> <p> Generous closet/storage space (plus the option to rent additional storage)</p> </li> <li> <p> Bright and open feel, thanks to thoughtful design and layout </p> </li> </ul> Why You'll Love It <p> This is a rare opportunity to live in a pre-war building that blends classic architectural charm with modern comfort . You get all the benefits of full-service living - doorman, elevator, laundry, storage - without sacrificing the character that makes pre-war homes so special. The building's former life as a hotel also lends a sense of history and elegance that sets it apart.</p> <p> Located in Midtown East, you're just steps away from the best of the city: dining, shopping, and transportation are all incredibly convenient. The building's policies are also flexible, making it an attractive option for a variety of buyers or residents.</p> <p> </p>
Home Features
- •Building In Basement
- •Washer Dryer Allowed
Estimated Monthly Payment
$5,479 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$9,975
Monthly savings impact
$28/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).
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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 City Sphere
Data Source: TRESTLE #RLS20061908
Price Analysis
Compare average listing prices and value metrics for 227 East 57TH Street against the surrounding Sutton Place market.
Average List Price
Price Per SqFt
45.67% 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.
