345 East 57TH Street #1B, New York City, NY 10022
Listing Courtesy of Corcoran Group
$595,000
Potential Rebate: $8,925
Overview
Welcome to the Maisonette at 345 East 57th Street in the heart of Sutton!<br> <br> This pre-war gem is awaiting its next owner to restore this exceptional apartment into a masterpiece home. The south-facing 4-room residence offers timeless charm and exciting potential and features one bedroom, one and half bathrooms and a separate "bonus" room.<br> <br> The layout is as functional as it is elegant. A 12-foot foyer leads to a grand living room featuring oversized windows, a coffered ceiling with intricate plasterwork, and a decorative fireplace. The primary bedroom is equally impressive with two spacious closets and a windowed ensuite bath. The primary bedroom can comfortably fit a king-sized bed with abundant room for additional storage.<br> <br> Adding versatility is a charming bonus room complete with its own windowed bathroom, which can also accommodate an in-unit washer and dryer. Whether as a guest suite, home office, or personal study, this space enhances the home's appeal. Just off the bonus room, adjacent to the main entrance, is a well-appointed kitchen area.<br> The current owner has initiated an architect-led restoration, preserving many original details. The plaster walls have been upgraded with a flawless "Level 5" finish and are painted in Benjamin Moore's "Simply White." Original doors, trim, and hardware have been meticulously stripped of 90 years of paint, and the oak floors, in excellent condition, await your custom finish.<br> <br> Bring your vision and contractor to complete the restoration of this remarkable home or reimagine it with a modern touch. This is a rare opportunity to own a residence with over 900 square feet of historic elegance and endless potential, all at an exceptional value and with low monthly costs.<br> 345 East 57th Street is a well-maintained, full-service co-op in the heart of prime Sutton Place. This boutique building offers just 60 residences and features 24-hour doormen, a live-in superintendent, two elevators, a laundry room and a bike room. Residence #1B includes a designated storage locker as well. Pets, pied-à-terre ownership, co-purchasing, parental purchases, and gifting are all permitted. Financing is available up to 75%, with a 2% flip tax split evenly between buyer and seller..<br>
Home Features
- •Washer Dryer Allowed
Estimated Monthly Payment
$5,207 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$8,925
Monthly savings impact
$25/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 Corcoran Group
Data Source: TRESTLE #RLS20047197
Price Analysis
Compare average listing prices and value metrics for 345 East 57TH Street against the surrounding Sutton Place market.
Average List Price
Price Per SqFt
46.99% 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.
