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In Contract

240 East 55th Street, #8F

$375,000 ($768 per ft2) | Studio, 1 bath | Approx. 488 ft2
Building Profile  | 
423 days on Market

Key Details

  • Listed: Oct 26, 2023
    Days on Market: 423
    Building Type: Cooperative
    Neighborhood: Midtown East (Manhattan)
    Doorman: PT Doorman
Monthly Maintenance: $1,272 ($2.61/ft2)
Monthly Real Estate Taxes: $1,272
Est. Monthly Mortgage: $1,992
Total Est. Monthly Carrying Cost: $4,536 ($9.30/ft2)
Note: the above is based on a down payment of 20% ($75,000), which is the minimum amount permitted by the building.

Description

Unlimited subletting after one year! The perfect opportunity to own your own home or pied-a-terre in NYC. Introducing a charming, cozy yet spacious alcove studio apartment in the heart of the desirable Sutton Place. Located in a well-designed post-war co-op, this home offers an expansive footprint and boundless potential.

The serviceable kitchen comes fully equipped and provides ample counter space and cabinets for storage- perfect for creating delectable meals. The apartment boasts parquet hardwood floors throughout, generous closet space and a full wall of windows that pour in a constant flood of northern light. The flexible, open floor plan creates an inviting and airy atmosphere that can be tailored to your unique lifestyle needs. This well maintained building is serviced by a full-time resident supervisor and part-time doorstaff.

Additional amenities include on-site laundry, bike room, storage room and an adjacent third party garage. Liberal building policies allow for co-purchasing, guarantors, parents buying for children, gifting (case by case), pied-a-terre, and unlimited subletting after one year of ownership. Nestled in the serene and upscale Sutton Place neighborhood, within close proximity of all the best shopping, dining and entertainment this limitless city has to offer.

Trader Joe’s, Whole Foods, Morton Williams and D’agostino are all within a few city blocks and nearby transportation options include the E/M, 4/6, M57 bus line and more! See the potential for yourself and don’t miss out on this opportunity to own a piece of New York City real estate. ​​*Note: All dimensions are approximate and virtual renovation/staging is for illustrative purposes.

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Listing courtesy of Compass

Pricing History

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About 240 East 55th Street

50

240 East 55th Street has received a CityRealty Rating of 50, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

20
Out of 44
+
21
Out of 36
+
9
Out of 39
=
50
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
Exists 1 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Partially Visible 1 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unrelated Base 0 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
More than 6 Short Blocks 0 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • PT Doorman
  • Post War
  • Resident Storage
  • Garden
  • Washer/Dryer in building
  • Elevator
  • Outdoor Entertainment Space
  • Bike Room
  • Live-In Superintendent

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Pros
  • Convenient midtown location
  • Canopied entrance
  • Sidewalk landscaping
  • Some terraces
  • Part-time doorman
  • Close to Subway
Cons
  • No balconies
  • Spiked sidewalk planters
  • No roof deck
  • No health club
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Subways

  1. M
  2. 6
  3. E
at Lexington Ave and 53rd 0.11 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
at Lexington Ave and 60th 0.31 miles
  1. F
at Lexington Ave and 63rd 0.45 miles

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