--- title: "245 East 54th Street #8LM, New York City, NY 10022" description: "245 East 54th Street #8LM, New York City, NY 10022 — Sutton Place, New York City, NY. Listing Price $1,675,000. In contract 5/22/2026. 2 bed, 3 bath Illustrative Buyer Commission Share of $25,125 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/245-east-54th-street-lm-8LM-ny-10022" source: "Real Estate Rebate Team" status: "Pending" --- # 245 East 54th Street #8LM, New York City, NY 10022 Sutton Place, New York City, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $1,675,000 - **Status**: In contract 5/22/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 2 - **Total Baths**: 3 - **Common Charges**: $3,418 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,675,000 - **Illustrative Buyer Commission Share**: -$25,125* - **Illustrative Net Cost**: $1,649,875 *Illustrative Buyer Savings of $25,125 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/beb01ded-54b3-4b75-aee2-53280dbec8c4.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6420d9f1-b56a-45d3-9c25-a88c35f29079.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/24844ff9-c585-4641-881c-b92e5d91c7fe.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/deeb81f5-1b0a-4f27-abe3-9956dea9ee8a.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3f862e88-a4d4-40b0-95f5-fff0dc6afeea.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1d384825-8f07-4091-b883-bad32d9e246f.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8353401f-1370-4952-9205-af88f0154425.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/48418614-faea-48b0-a41f-d9e7f04a7ea0.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e42fda56-1bdd-4255-8ba0-4e13d2c9f8fc.jpg) ![245 East 54th Street #8LM, New York City, NY 10022 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7bed6939-011f-451c-bf5c-13649a53dfa2.jpg) ## Property Overview Welcome home to this beautiful two-bedroom, two-and-a-half-bath residence in the coveted Sutton Place neighborhood. Rarely available, this stunning and luxurious home spans approximately 1,600 square feet and will satisfy even the most discerning buyer. Beautifully laid out, the residence offers exceptional scale, functionality, and flow, with distinct living and sleeping wings that create the perfect balance between entertaining and everyday comfort. A gracious foyer opens into an expansive living and dining room, where oversized windows flood the space with natural light. With both eastern and southern exposures, sunlight pours into the home throughout the day. Just beyond, the chef's kitchen is thoughtfully designed with abundant counter space and an island with seating. High-end appliances include a Sub-Zero refrigerator, Wolf oven, five-burner cooktop, built-in microwave and exhaust. From the stunning countertops and backsplash to the exceptional lighting and flooring, every detail has been carefully considered. The primary suite enjoys beautiful eastern morning light and offers extraordinary storage, including a massive walk-in closet and custom built-ins. The en-suite bath evokes a spa-like, Zen atmosphere and features a dual vanity. The second bedroom is generously proportioned and complete with its own walk-in closet and custom storage. A beautifully appointed second full bath includes a soaking tub. Closets throughout the home are abundant and thoughtfully designed. New heating and air-conditioning units, individually controlled by thermostats, provide optimal comfort year-round. A beautifully finished powder room completes this special residence. The Brevard is an impeccably managed, full-service cooperative in the heart of Midtown East, known for strong financials and attentive staff. The building is pet-friendly (15 pound limit) and offers a full-time doorman and concierge, a highly attentive live-in superintendent, a beautifully landscaped roof terrace with WiFi and sweeping city views, and a large second-floor laundry facility for added convenience. Ideally located near the 4, 5, 6, E, and M subway lines, the building is moments from Morton Williams, Whole Foods, Trader Joe's, and the vibrant array of restaurants and cafés along First and Second Avenues. Outdoor enthusiasts will appreciate easy access to the Sutton Place Parks and the East River Promenade, as well as proximity to Bloomingdale's and Central Park. Residents also receive a discounted membership at Equinox directly across the street, with additional nearby fitness and wellness options including PureGym, SoulCycle, and Clean Market. Garage too! Pied-à-terres, subletting, and gifting are permitted, with subletting allowed after two years of ownership. This is a rare opportunity to own a truly expansive and refined home in one of Manhattan's most established and convenient neighborhoods. ## Property Details - **Property Type**: Co-op - **Beds**: 2 - **Total Baths**: 3 - **Rooms**: 7 - **Stories**: 29 - **Year Built**: 1977 - **Common Charges**: $3,418 / Monthly - **Listed On**: Feb 20, 2026 - **Days on Market**: 209 Days ### Residence Features - Building Other - Washer Dryer Allowed - City ## Estimated Monthly Payment **$11,888 / month**, assuming a 20% down payment ($335,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $8,470 - **Common Charges**: $3,418 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $1,675,000 - **Median sold price**: $1,150,000 - **Difference**: +$525,000 (+45.7%) - **Comparable sales**: 111 - **Sales from**: September 2024 – July 2026 - **Middle half of those sales**: $957,500 – $1,312,500 Based on co-op two-bedroom sales in Sutton Place. Square footage is recorded for only 45 of these 111 sales (41%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Sutton Place instead. ### How these sales were negotiated - **Sale-to-list price**: 95.1% (103 sales) - **Sold below asking**: 81% (103 sales) - **Typical time to find a buyer**: 102 days (104 sales) - **Typical time to close**: 92 days (104 sales) Based on co-op two-bedroom sales in Sutton Place with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median sale price, co-op two-bedroom sales in Sutton Place | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $998,000 | 15 | | 2017 | $1,278,000 | 54 | | 2018 | $1,150,000 | 54 | | 2019 | $1,150,000 | 45 | | 2020 | $1,085,000 | 43 | | 2021 | $1,192,500 | 76 | | 2022 | $1,171,500 | 72 | | 2023 | $1,120,000 | 76 | | 2024 | $1,198,000 | 55 | | 2025 | $1,125,000 | 64 | | 2026 YTD | $1,092,500 | 30 | Based on recorded co-op two-bedroom sales in Sutton Place. 2026 is year-to-date. Sales data through July 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. ## Price and Property History for 245 East 54TH Street, Unit 8LM Review the recorded listing activity for 245 East 54TH Street, Unit 8LM, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $75,000, or 4.3%, on April 11, 2026 - **Originally listed**: February 20, 2026 at $1,875,000 - **Entered contract**: May 22, 2026 | Date | Price | Listing event | | --- | --- | --- | | May 22, 2026 | $1,675,000 | Entered contract | | April 11, 2026 | $1,675,000 | Asking price reduced by $75,000, or 4.3% | | February 20, 2026 | $1,875,000 | Listed for sale by Douglas Elliman Real Estate | ## Sutton Place Overview of Sutton Place [Explore Sutton Place](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/sutton-place) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Sutton Place - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Hells Kitchen real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/hells-kitchen) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) ## Related Links - [Sutton Place neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/sutton-place) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > 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.