$340,000
Updated 6 years ago
Off Market

342 East 53rd Street, 2-B

Sutton Place, Manhattan | Second Ave & First Ave

Studio 1 BathCo-op

$340,000
Maintenance$895

Listing Features

  • Abundant Closets
  • Entry Foyer
  • Hardwood Floors
  • Separate Dining Area
  • Track Lighting
  • Washer / Dryer
  • Oversized Windows
  • Dishwasher
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • Windowed Kitchen

Outdoor space and views

  • Partial City
  • Treeline Views
  • North Exposure

Building Amenities

  • Video Intercom
  • Bike Storage
  • Courtyard
  • Elevator
  • Garden
  • Laundry Room
  • Renovated Lobby

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 342 East 53rd Street, 2-B

Welcome to Residence 2B (located on the 3rd floor) at 342 East 53rd Street; a lovely studio with incredibly low monthly charges. The apartment is well laid out and maximizes every inch of space. The kitchen features a granite breakfast bar, stainless steel fridge, stove and dishwasher, plus there is an oversized window with bucolic tree top views. There is a small built in desk in the living area, 3 huge closets all outfitted with custom shelves and drawers plus built in wall storage. Currently there is a well-designed separation between the living room and bedroom area for those looking for the privacy of a one bedroom at the cost of a studio. Blonde hardwood floors, excellent closets and abundant light make this home a wonderful investment opportunity. Assuming a 4% interest rate your monthly costs are less than $2,300 to own this lovely home! That's less than what it costs to rent! Take advantage of low interest rates while you still can. 342 East 53rd Street is financially strong boutique co-op with no flip tax and they will consider guarantors, co-purchasing, gifting, pied a terres and pets. There is bike storage, common outdoor space, a newly renovated lobby, laundry, an elevator, live in super and they permit subletting after owning for a 2 year period (with board approval). With easy access to transportation you'll be able to travel anywhere you need to go via the E/M/6 subways, or the 57th Street Crosstown Bus. Don't miss this wonderful opportunity to make Residence 2B your new home!

Listing History for 342 East 53rd Street, 2-B

Now
04/09/2020
TOM by Caroline Bass
Corcoran
03/09/2020
Back on the Market by Caroline Bass
Corcoran

Building Details for 342 East 53rd Street

OwnershipCo-op
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessElevator
Year Built1958
Financing Allowed75%
Floors/Apts6/51
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.18 miles
51 St
0.31 miles
59 St
0.45 miles
Lexington Av/59 St
0.45 miles

Railroad

Grand CentralLong Island Rail Road
0.49 miles

Citi Bike

E 51 St & 2 Ave
0.1 miles
E 54 St & 1 Ave
0.1 miles

Contact Agents

Contact Agents

Susan DiLeo
Corcoran

Sutton Place | Manhattan

Quick Profile

Sutton Place is usually described with favorable words like charming, cozy, great neighborhood, hidden gem, sanctuary, or even small village inside a big city. Those descriptions aren’t from real estate folks either, they’re from the people that live and work there, so it must be true.

The quiet and upscale neighborhood is more like an enclave. It’s bounded by East 53rd Street to the south, East 59th Street to the North, First Avenue to the west, and the East River to the east. Most residents will tell you that everything you’ll ever need is located in the neighborhood. When it’s time to venture out into the cityscape, Sutton Place is within easy reach to Midtown and cultural attractions like the Museum of Modern Art, Rockefeller Center, Central Park and other iconic sites.   

Manhattan has always had notable celebrity residents. But for unknown reasons, Sutton Place has had more than its share of superstars over the years. Some of the more iconic celebs include: Marilyn Monroe and Arthur Miller, Freddie Mercury, Sigourney Weaver, Joan Crawford, Michael Jackson and sister Latoya (Just for one summer).

Sutton Place is named after Effingham B. Sutton, a shipping merchant and entrepreneur. After hitting it big in the California gold rush, Sutton built brownstones along East 57th and East 58th streets with aspirations of making the section more residential. Poverty and crime dashed his dreams. The street gangs that hung out along the dead-ends and cul-de-sacs added to the neighborhood’s decay. Sutton was about to give up on his development endeavors but the Vanderbilt’s and the Morgan’s showed up in the 1920s and transformed the neighborhood. It soon became a wealthy enclave.

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.
OLR ID: 1202220