Updated 2 days ago
In contract

The Forty Sutton Place Condominium

40 Sutton Place, PH-M

Sutton Place, Manhattan | East 58th Street & East 59th Street

3 Rooms1 Bed1 Bath1,085 Square FeetCondo

$750,000
Common Charges$2,464
RE Taxes$1,945
Price Per SF
$691

Listing Features

  • Corner Apartment
  • Penthouse/Top Flr
  • Solarium
  • Dishwasher
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • Windowed Kitchen

Outdoor space and views

  • Terrace [584 SF]
  • City Views
  • East River
  • Queensboro Bridge

Building Amenities

  • Full Service
  • Attended Elevator
  • Bike Storage
  • Laundry Room
  • Playroom
  • Storage

Policies

  • Pets Allowed. Case by Case
  • Pieds A Terre Ok

Property Description for 40 Sutton Place, PH-M

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.


Listing History for 40 Sutton Place, PH-M

Now
08/12/2026
Contract Signed by Ann Marie Folan
Douglas Elliman
05/29/2026
Back on the Market by Ann Marie Folan
Douglas Elliman

Building Details for 40 Sutton Place

OwnershipCondo
Building TypeMid-Rise
Service LevelFull Service
AgePost-War
AccessAttended Elevator
Year Built1966
Financing Allowed90%
Floors/Apts10/72
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/59 St
0.47 miles
Lexington Av/53 St
0.47 miles
59 St
0.49 miles

Citi Bike

E 60 St & York Ave
0.06 miles
E 58 St & 1 Ave (NE Corner)
0.11 miles

Building Availability

APPSF
Median
Average
$1,149
$695,000
$695,000
$816
$659,500
$659,500
Last 12 months
$686
-
-
$95
$3,700
$3,700
Last 12 months
$77
-
-

One Bed in Sutton Place

APPSF
Median
Average
$998
$682,000
$883,500
$937
$712,000
$834,500

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: 2120804