$1,100,000 $1,200,000
Updated 2 days ago
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Sutton Gardens

420 East 55th Street, 11-R

Sutton Place, Manhattan | First Ave & Sutton Place South

5 Rooms2 Beds2 BathsCo-op Sponsor Unit [05/21/2024]

$1,100,000 $1,200,000
Maintenance$4,890

Listing Features

  • Abundant Closets
  • Corner Apartment
  • Hardwood Floors
  • Separate Dining Area
  • Walk-in Closet
  • Dishwasher
  • Microwave
  • S Steel Appliances
  • Windowed Kitchen
  • En Suite Bathroom
  • Pedestal Sink

Outdoor space and views

  • Terrace [660 SF]
  • Partial River
  • East Exposure
  • North Exposure
  • South Exposure

Building Amenities

  • Full-Time Doorman
  • Cold Storage
  • Elevator
  • Garage
  • Garden
  • Laundry Room
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 420 East 55th Street, 11-R

NO BOARD APPROVAL AND UP TO 90% FINANCING! UNSOLD SHARES THAT CAN TRANSFER WITH SPONSOR RIGHTS! OVER 600 SQ FT OF PRIVATE OUTDOOR SPACE! RARE OPPORTUNITY!!

If new owner does not take occupancy, they may retain sponsor rights to lease out apartment unlimitedly and indefinitely! The benefits of condo ownership with a co-op price tag! Luxuriate on your MASSIVE TERRACE with partial river views! This sprawling, sun-filled home boasts triple exposures, oversize living room, separate dedicated dining, renovated windowed kitchen, two large bedrooms, two full bathrooms, beautiful hardwood floors, and superb closet space including two walk-ins!

Suttons Gardens is a well-run full-service cooperative where residents enjoy 24-hour doorman, live-in super, two laundry rooms, storage, parking garage, and no flip tax. Pet friendly.

The elegant and sought-after Sutton Place enclave is ideally located close to midtown and within walking distance of all transportation including the Wall Street express bus, E/M trains on 53rd, 6 train on 51st, and 4/5/6/N/R/W trains on 59th! The closest major supermarket is just two blocks away, and a new Trader Joe's is just four blocks away! You are surrounded by great shopping and a marvelous array of both fine and casual dining options!

Listing History for 420 East 55th Street, 11-R

Now
07/15/2024
$1,100,000 [-$100,000] [8.3%]
Price Drop by Samantha Pinkowitz
Brown Harris Stevens
05/21/2024
$1,200,000
Initial Price by Samantha Pinkowitz
Brown Harris Stevens

Building Details for 420 East 55th Street

OwnershipCo-op
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePost-War
AccessElevator
Year Built1956
Financing Allowed80%
Floors/Apts12/237
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.31 miles
51 St
0.45 miles
Lexington Av/59 St
0.46 miles
59 St
0.47 miles

Citi Bike

E 54 St & 1 Ave
0.05 miles
E 58 St & 1 Ave (NE Corner)
0.17 miles

Building Availability

APPSF
Median
Average
$757
$849,750
$970,550
Last 12 months
$707
-
-
Last 12 months
$61
-
-

Two Beds in Sutton Place

APPSF
Median
Average
$1,369
$1,395,000
$1,810,403
$1,673
$1,497,500
$2,111,214

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: 184073