---
title: "40 SUTTON Place #PHM, New York, NY 10022"
description: "40 SUTTON Place #PHM, New York, NY 10022 — NYC real estate listing on Real Estate Rebate Team. Priced at $750,000. Est. potential buyer savings up to $18,750 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/40-sutton-place-phm-PHM-ny-10022"
source: "Real Estate Rebate Team"
---

# 40 SUTTON Place #PHM, New York, NY 10022

> **Listing Courtesy of:** Douglas Elliman Real Estate

## Description

Offered well under $700 per square foot, this Sutton Place CONDO provides a unique opportunity to create the industrial chic penthouse of your dreams! Approximately 1,100 square feet of interior space plus a huge terrace overlooking the 59th St. Bridge, East River and Roosevelt Island tram from the top floor of this 10-storey building at 59th and Sutton. Flooded with sun during the day and truly magical with the twinkling bridge and city lights at night. Currently a huge 1 bed/1 bath, you could reconfigure the space into a full 2bed/2bath, subject to condo board approval of your plans. Unique features include a working fireplace, the possibility of adding another terrace to the kitchen of approximately 100 square, and an in-unit washer/dryer is permissible. Not for the timid, a full renovation is required, including replacement of the atrium windows at the owner's expense, but when you are done, you will have an amazing CONDO PENTHOUSE in a fantastic location.
 All this in a full service, pet friendly building, with 24 hour doorman and resident manager, bike room and storage (subject to availability). Steps to the waterfront parks and amenities of exclusive Sutton Place, with a myriad of restaurants and shopping choices, including Trader Joe's just a block away. There is a 3% flip tax payable by the purchaser.
  Sutton Place is a serene riverfront enclave in the heart of Manhattan. Its prime location offers easy access to Midtown, the United Nations, and the medical corridor just north of the Queensboro Bridge, with convenient routes to Long Island and Connecticut. The FDR Drive allows for quick access downtown, while nearby shopping includes Whole Foods, Trader Joe's, and Midtown Catch. Beloved neighborhood dining options includeJean Claude, Mr. Chow, and Bistro Vendôme. Residents also enjoy charming pocket parks and the adjacent East River Esplanade for walking and biking.

## Property Details

- **Price**: $750,000
- **Potential Buyer Rebate**: $18,750
- **Bedrooms**: 1
- **Bathrooms**: 1
- **Living Area**: 1,085 sqft
- **Property Type**: Residential
- **Year Built**: 1966
- **Building**: 40 Sutton Place
- **Neighbourhood**: Sutton Place
- **Area / Borough**: Manhattan
- **Subdivision**: Sutton Place
- **Listing Office**: Douglas Elliman Real Estate
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$18,750** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/40-sutton-place)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/sutton-place)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.