1 / 13

Condominium•Sutton Place

40 Sutton Place #5AJ, New York City, NY 10022

Listing Courtesy of Sothebys International Realty

$1,190,000

Potential Rebate: $17,850

Condominium

3 Beds

2 Baths

5 Rooms

47,399 sqft

Built 1954

10 Stories

25/ft²

Listed on Aug 1, 2025

168 days on market

Book a Tour

Overview

Seize this exceptional opportunity to own a sophisticated three-bedroom, two-bathroom condominium in one of the few full-service buildings on historic Sutton Place. Spanning 1,157 square feet, this elegant residence sits just above the treetops, with eastern exposures in every room that bathe the space in gentle morning light and offer serene views of the East River, the iconic 59th Street Bridge, and Sutton Place's stately architecture.

The classic layout includes two spacious bedrooms and a versatile third—ideal as a home office or guest suite. Enjoy two full marble bathrooms, oversized windows, and gleaming hardwood floors that amplify the airy, refined ambiance. A pass-through kitchen with granite countertops awaits your modern vision, complemented by generous custom closets for seamless functionality.

This pet-friendly building (small dogs and cats, subject to board approval) provides top-tier amenities: 24-hour doorman service, a live-in superintendent, on-site laundry, bike storage, and private resident storage.

Ideally situated steps from Sutton Place Park, the scenic East River Esplanade, and Michelin-starred dining like Le Bilboquet, with effortless access to Midtown's vibrancy, cultural landmarks, and the E, M, and 6 trains.

This bright, tranquil home presents a rare chance to personalize a classic residence in one of Manhattan's most exclusive and peaceful neighborhoods. Schedule your private tour today.

Home Features

•Common On Floor
•Dishwasher
•City
•Water

Estimated Monthly Payment

$10,017 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,880

Property Taxes

$2,045

Maintenance/Common Charges

$2,092

Term

Interest

Home Price

Down Payment

Estimated Rebate for this Home

One-time rebate at closing

$17,850

Monthly savings impact

$50/mo

Effective Purchase Price

$1,172,150

(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).

Similar Homes

300 East 59TH Street #607, New York City, NY 10022

Listed on Nov 12, 2025

14 Photos

$1,195,000

300 East 59TH Street #607, New York City, NY 10022

Listing Courtesy of Brown Harris Stevens Residential Sales LLC

1 Beds

2 Baths

5 Rooms

Built 1974

View Details

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 Sothebys International Realty

Data Source: TRESTLE #RLS20040418

RLS at REBNY

Licensed Real Estate Broker real estate rebate team

Regis Roumila

Send Email Make a Call Whatsapp We Chat

Schedule a Visit

Book a convenient time to view this property.

Schedule a Visit

Ask a Question

You can also call me anytime at +1 (315) 514-0164

Why Buy With Us

Rebates Up To

2.5%

25+ Years

Experience

REBNY & NAR

Member

Verified

Listings

The Real Estate Rebate Team

Listing Courtesy of Sothebys International Realty

Data Source: TRESTLE #RLS20040418

RLS at REBNY

Price Analysis

Compare average listing prices and value metrics for 40 Sutton Place against the surrounding Sutton Place market.

Based on 3 active units in building vs 205 in area

Average List Price

Building$1.1M

Neighborhood$3.1M

Price Per SqFt

Building Avg$515/ft²

Neighborhood Avg$1,550/ft²

Value Opportunity

66.79% 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.

Sutton Place Guide All Neighborhoods