---
title: "40 SUTTON Place #PHM, New York City, NY 10022"
description: "40 SUTTON Place #PHM, New York City, NY 10022 — Sutton Place, New York City, NY. Last Sold Price $710,000. Sold on 8/21/2026. 1 bed, 1 bath, 1,085 sqft"
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/40-sutton-place-phm-ny-10022"
source: "Real Estate Rebate Team"
status: "Closed"
---

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

Sutton Place, New York City, NY

Courtesy of Douglas Elliman Real Estate

## At a Glance

- **Last Sold Price**: $710,000
- **Status**: Sold on 8/21/2026
- **Beds**: 1
- **Baths**: 1
- **Sqft**: 1,085
- **Common Charges**: $2,464 / mo
- **Price per Sqft**: $654
- **Brokerage Fee**: Share Eligible

This listing was successfully closed and is no longer active on the market.

[Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

## Photos (10)

![40 SUTTON Place #PHM, New York City, NY 10022 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8bc50ddc-271d-4f86-a2f5-b5645bce6e06.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1004a21d-0c8f-43dd-bcea-127424bce4db.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7a529484-fd14-47e4-bd3f-021c04a0bdc3.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/76581129-877d-4ee3-9760-d90f94e72b60.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1b2d78d2-119c-4ab3-8e30-7dd1aa97659f.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c9727906-5395-4bff-8d4b-bee3229b670a.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/263cf339-602b-4902-bbd3-8ee310dcb744.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/25e0de1b-4427-486c-bb06-d1e8c7fbf2d2.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ab03d2c1-a920-4be5-9b33-e0fa30d7e0a1.jpg)
![40 SUTTON Place #PHM, New York City, NY 10022 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/72e5164a-e22f-4e34-8cca-7dbc63b7b104.jpg)

## Property Overview

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

- **Property Type**: Condominium
- **Beds**: 1
- **Baths**: 1
- **Rooms**: 3
- **Sqft**: 1,085 sqft
- **Stories**: 10
- **Year Built**: 1966
- **Price per Sqft**: $654
- **Common Charges**: $2,464 / Monthly
- **Listed On**: Mar 27, 2026
- **Days on Market**: 172 Days

### Residence Features

- Wall Unit(s)
- Building In Basement
- Private Outdoor Space Over 60 Sqft
- Washer Dryer Allowed
- Bridge(s)
- City

## Sales Evidence

### Recent closed sales

14 apartments at 40 Sutton Place have recorded sales since September 2021, the most recent for $540,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [9J](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/40-sutton-place-j-9J-ny-10022) (Apartment) | 1 | 605 | $540,000 | $893/ft² | August 28, 2026 | MLS |
| PHM (Apartment) | 1 | 1,085 | $710,000 | $654/ft² | August 21, 2026 | MLS |
| 3F (Apartment) | 1 | 621 | $550,000 | $886/ft² | May 7, 2026 | City record |
| 3G (Apartment) | — | 508 | $535,000 | $1,053/ft² | November 14, 2025 | City record |
| 8C (Apartment) | — | 420 | $210,500 | $501/ft² | August 29, 2025 | City record |
| 8B (Apartment) | — | 440 | $210,500 | $478/ft² | August 29, 2025 | City record |
| 5G (Apartment) | Studio | 508 | $405,000 | $797/ft² | April 15, 2025 | City record · MLS |
| 10M (Apartment) | — | 588 | $164,166 | $279/ft² | December 13, 2024 | City record |
| 4A (Apartment) | Studio | — | $533,333 | — | November 6, 2023 | City record · MLS |
| 7D (Apartment) | Studio | 461 | $450,000 | $976/ft² | March 8, 2023 | City record · MLS |
| 7F (Apartment) | 1 | 621 | $575,000 | $926/ft² | September 19, 2022 | City record · MLS |
| 4H (Apartment) | 2 | 983 | $880,000 | $895/ft² | June 3, 2022 | City record · MLS |
| 7J (Apartment) | 1 | 605 | $588,300 | $972/ft² | May 10, 2022 | City record · MLS |
| 4F (Apartment) | 1 | 631 | $580,000 | $919/ft² | December 21, 2021 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

The median closed price for comparable one-bedroom sales at 40 Sutton Place is $577,500, based on 4 sales between December 2021 and May 2026. This home is asking $710,000, $132,500 above that median. The middle half of those sales closed between $568,750 and $582,075.

- **Median closed price**: $577,500
- **Middle half**: $568,750 – $582,075
- **Based on**: 4 one-bedroom sales at 40 Sutton Place
- **Period**: December 2021 – May 2026
- **Median $/ft²**: $923/ft²

Across the 3 of these sales with a published asking price, the median closed at 94.1% of what it originally asked. 100% of them closed below the original ask.

### How these sales were negotiated

- **Sold vs original ask**: 94.1% of the original ask
- **Closed below ask**: 100% of 3 sales

Across the 3 of these sales with a published asking price, the median closed at 94.1% of what it originally asked. 100% of them closed below the original ask.

Based on 4 one-bedroom sales at 40 Sutton Place, December 2021 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.

### Price trend

Median price per square foot for sales at 40 Sutton Place, 2017 to 2025. Price per square foot is used rather than sale price so the line follows the market rather than whichever apartments happened to change hands that year.

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,178/ft² | 4 (thin) |
| 2018 | $1,004/ft² | 6 |
| 2020 | $968/ft² | 4 (thin) |
| 2022 | $926/ft² | 3 (thin) |
| 2025 | $649/ft² | 4 (thin) |

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

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.

[See every recorded sale at 40 Sutton Place](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/40-sutton-place)

## Price and Property History for 40 SUTTON Place, Unit PHM

Review the recorded listing activity for 40 SUTTON Place, Unit PHM, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $40,000, or 5.3%, on August 21, 2026
- **Originally listed**: March 27, 2026 at $750,000
- **Last sold**: $710,000 on August 21, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| August 21, 2026 | $710,000 | Sold |
| August 21, 2026 | $710,000 | Asking price reduced by $40,000, or 5.3% |
| August 12, 2026 | $750,000 | Listing removed from the market |
| May 28, 2026 | $750,000 | Returned to the market |
| March 27, 2026 | $750,000 | Listed for sale by Douglas Elliman Real Estate |

## About The Building

### 40 Sutton Place

Sutton Place · Condominium

40 Sutton Place, New York, NY 10022

A building in Sutton Place, currently featuring 3 active listings.

- **Year Built**: 1966
- **Total Units**: 3
- **Floors**: 10

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/40-sutton-place)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [PHM](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/40-sutton-place-phm-ny-10022) | 1 | 1 | 1,085 sqft | $654 | $710,000 (-5.3%) | Douglas Elliman Real Estate | Mar 27, 2026 | 171 days |
| [4J](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/40-sutton-place-4j-ny-10022) | 1 | 1 | 605 sqft | $1,149 | $695,000 (-2.8%) | Compass | Jan 29, 2026 | 228 days |
| [9J](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10022/40-sutton-place-j-9J-ny-10022) | 1 | 1 | 605 sqft | $893 | $540,000 (-5.1%) | Compass | Apr 9, 2026 | 158 days |

## Estimated Monthly Payment

**$6,054 / month**, assuming a 20% down payment ($142,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,590
- **Common Charges**: $2,464

Estimates only. Actual payments may vary. Confirm terms with your lender.

## 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)

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## Related Links

- [40 Sutton Place — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/40-sutton-place)
- [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.