Updated 2 days ago
In contract
Sutton Place, Manhattan | East 54th Street & East 55th Street
5 Rooms2 Beds2 BathsCo-op

$1,495,000
Maintenance$4,060

Listing Features

  • Crown Moldings
  • Formal Dining Room
  • Galley Kitchen
  • Separate Dining Area
  • Walk-in Closet
  • Dishwasher
  • Eat-in Kitchen
  • Windowed Kitchen
  • Wine Cooler
  • En Suite Bathroom

Outdoor space and views

  • Balcony [11'x8']
  • Courtyard
  • East River
  • East Exposure
  • West Exposure

Building Amenities

  • Full Service
  • Attended Elevator
  • Bike Storage
  • Fitness Facility
  • Garage
  • Laundry Room
  • Renovated Lobby
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description

Set in the heart of idyllic Sutton Place, Residence 16G at 50 Sutton Place South is an oasis perched above the East River. The spacious two bedroom / two bathroom home has the perfect layout for entertaining and daily living alike. The home uniquely features a gracious dining-sized terrace with direct views of the East River and Sutton Place Park. The entrance opens to a grand foyer sitting room that flows onto a generous living room, separate dining room, and windowed kitchen. The custom St. Charles kitchen includes a Sub-Zero refrigerator, Viking stove, Miele dishwasher, and wine cooler. Brazilian walnut floors, crown moldings, and large windows that flood the unit with light finish the polished living spaces. A large, private primary suite includes a beautiful glass-tiled bath, custom walk-in closet, abundance of storage, and courtyard views. The generously proportioned secondary bedroom is separated from the primary for further privacy and also features its own bath and ample closet spaced. An integrated acoustical system ensures your favorite sounds fill the home and residents will enjoy the comfort of individual thermostats in each room for heating and cooling. This meticulously maintained residence is located in a sought after Sutton Place co-op with a full suite of amenities: full-time attended lobby, concierge, gym, storage, laundry facility, and garage. Pied-a-Terre use is welcome, along with board approved pets. The co-op permits financing up to 65% and a 2% flip tax is payable by the buyer.

Listing History

Now
10/31/2022
Contract Signed by Shari Scharfer Rollins
Douglas Elliman
09/13/2022
$1,495,000
Initial Price by Shari Scharfer Rollins
Douglas Elliman

Building Details

OwnershipCo-op
Building TypeHigh-Rise
Service LevelFull Service
AgePost-War
AccessAttended Elevator
Year Built1956
Financing Allowed65%
Floors/Apts22/193
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.39 miles

Citi Bike

E 54 St & 1 Ave
0.12 miles
E 58 St & 1 Ave (NE Corner)
0.22 miles

Building Availability

APPSF
Median
Average
$827
$900,000
$1,036,000
$948
$1,197,500
$1,422,500
Last 12 months
$776
-
-

Two Beds in Sutton Place

APPSF
Median
Average
$999
$1,320,000
$1,572,740
$943
$1,345,000
$1,294,263

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.

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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: 192168