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40 Sutton Place PHMNew York, NY 10022

For Sale

$750,000

Smart Buyer Rebate $6,250

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.

Listed by Ann Marie Folan

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Douglas Elliman Real Estate

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Listed by Claudia Hason

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Douglas Elliman Real Estate

Last updated April 04, 2026

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Source: REBNY #RLS20079862

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeCondo
  • NeighborhoodSutton Place
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu8
  • HOA/Maint. Fees$2,464/month
  • Size1,085 sqft
  • Price per sqft$691

Amenities

  • Private Outdoor Space
  • Concierge

Location

Mortgage Calculator

Listing History

03/27/2026
Listed by Douglas Elliman Real Estate
$750,000

Estimated Closing Costs

Total
$25,868
Attorney Fees
$4,000
Title Insurance
$3,375
Bank Attorney
$1,500
Mortgage Recording Tax
$12,993
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $750,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 40 Sutton Place PHM

Association

Amenities

  • Pets Allowed: Building Yes, No
  • Concierge: Doorman Full Time

Fees

  • Association Fee: $2,464.00 Monthly

Financial

  • Flip Tax: 3.0%
  • Flip Tax Remarks: 3% Paid By Either Party

Exterior

Construction

  • Number Of Units Total: 74
  • Stories Total: 10
  • Structure Type: High Rise
  • Year Built: 1966
  • Building Name: The Forty Sutton Place Condominium

Features

  • Building Features: Storage
  • View: Bridge(s), City

Interior

Features

  • Appliances: Washer Dryer Allowed

Measurements

  • Living Area: 1,085
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Rooms Total: 3

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Sutton Place
  • Tax Block: 01370
  • Tax Lot: 7501

Utilities

Equipment

  • Cooling: Wall Unit(s)
  • Has Cooling: Yes

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1 bathroom in this condo at 40 Sutton Place PHM.

How does 40 Sutton Place PHM compare to other condos in Sutton Place?

This condo is listed 88% below the average price for condos in Sutton Place and has been on the market for 130 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the The Forty Sutton Place Condominium building.

What is the square footage on this condo?

According to the MLS, this listing is 1,085 sqft.

40 Sutton Place PHM is a 1-bedroom, 1-bath condo for sale in New York NY 10022. Listed on Prevu for 8 days at $750,000. This home features 1,085 square feet of living space, located in Sutton Place. The median listing price for condos in this area is $1,250,000. The home offers private outdoor space and doorman. Explore more condo listings in Manhattan.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 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 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.