Listing Courtesy of Corcoran Group
$1,025,000
Potential Rebate: $15,375
227 East 57th Street Apartment 16G - Sutton Place<br> <br> The perfect opportunity awaits in this most charming 2 Bedroom and 2 Bathroom Coop on East 57th Street - with incredible skyline views!<br> <br> Welcome to 227 East 57th Street, a 1931 Pre-War Art Deco Coop consisting of 118 Apartments and residing on one of the most convenient locations on East 57th Street - Sitting at the crossroads of Sutton Place and Billionaires Row. Apartment 16G consists of 2 Bedrooms and 2 Bathrooms, on an elevated floor, providing excellent light and open views over Manhattan, which sets this apartment aside from the rest. Enjoy this amazing space as-is with some TLC and your belongings - or bring your architect and create your ideal Manhattan Dream Home.<br> <br> As you enter the apartment, the elegant Entry Foyer contains a coat closet and is large enough for various needs, including an entry table and Mirror, and plenty of wall space for displaying your artwork and photographs. Leading into the Living Room and Kitchen, you are immediately drawn to the oversized windows and skyline views looking to the North. The Corner Living Room is of ample size and currently contains a built in Windowed Dining Area, with adjoining Bookcases, and can accommodate various furniture layouts. There are three Windows in the LR, two looking to the North, and the oversized window in the Dining Area facing West. The Kitchen also features two oversized Windows looking to the North overlooking manhattan, and is large enough to accommodate an eat-in breakfast table - giving the apartment two separate cozy dining areas. The oversized Kitchen also currently comes complete with a Dishwasher, Gas Stove, Stainless Steel Refrigerator, and a full size WASHER and DRYER.<br> <br> Both Bedrooms are located in the Eastern portion of the apartment, providing a sense of quiet and calm, and are separated by both Bathrooms - giving each sleeping space a sense of Privacy. The Primary Bedroom is oversized, and can accommodate a full Bedroom layout with King Bed plus a Home Office Space. There are Two Windows, one looking to the North, and the third looking to the East, which is also adorned with surrounding bookcases. The Primary Bedroom comes complete with two oversized closets, which can be built out to maximize their full storage capabilities. The Primary Bathroom is windowed and exudes old school New York Charm, including its original Tub, Pedestal Sink, and the forever iconic Pre-War tile design.<br> <br> The Guest Bedroom is also of ample size, and can suit various needs, depending on the end user - from being a large Guest/Second Bedroom, to a separate Home Office or Library/Den. This Bedroom is En-Suite and contains an oversized Window looking to the North, as well as a large closet. The Bathroom consists of a Stall Shower, Pedestal Sink, and also contains a window looking to the East.<br> <br> Hardwood Floors and Great Ceiling Heights abound throughout the Apartment.<br> <br> 227 East 57th Street is conveniently located directly across the street from Whole Foods, and is also around the corner from Trader joes - providing multiple grocery options in addition to being in close proximity to of some of New York City's most famous restaurants and eateries. This location also provides easy access to multiple subway lines, the famous boutiques of East 57th Street and Madison Avenue, as well as the gateway to Central Park and the Sutton Place Waterfront.<br> <br> The beautiful Art Deco Lobby retains a full time Doorman, and this coop has a live-in Super, Elevator, extra Laundry Room and Storage in the basement. There is currently a waitlist for the storage. This Coop is Pet Friendly, and co-purchases and Pied a Terres are also permitted on a case-by-case basis. This building also has a very generous subletting policy, where any new buyer can rent out the apartment after One Year of living in the Unit as their primary residence. What more could you want within a Coop on East 57th Street! Please call me now to discuss all of the details and to arrange your viewing of this wonderful apartment and opportunity.<br> <br> Flip Tax: $2.37 per share - Apartment 16G contains 1,674 shares.
$9,140 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$15,375
Monthly savings impact
$43/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS11020861

Compare average listing prices and value metrics for 227 East 57TH Street against the surrounding Sutton Place market.
than the Sutton Place price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Sutton Place is a small, ultra-exclusive enclave on the East River, running from 53rd to 59th Streets. It is famous for its pre-war elegance, river views, and old-money atmosphere. For buyers seeking Sutton Place Manhattan real estate, it offers a level of privacy and prestige that even Park Avenue envies.
Living in Sutton Place, Manhattan is quiet and refined. It is a cul-de-sac neighborhood with little through traffic. As a prestigious Manhattan NYC neighborhood, it has been home to icons like Marilyn Monroe and I.M. Pei, attracting those who want to be in the city but not of it.
The market for homes for sale in Sutton Place is dominated by "white glove" co-ops facing the river. Buildings like One Sutton Place South are legendary for their exclusivity and board requirements. There are also stunning townhouses on the side streets.
Prices are relatively high, but often offer better value per square foot than Fifth Avenue because the neighborhood is slightly further from the subway. It is a stable, mature market.
The lifestyle in Sutton Place is discreet. There is very little commercial activity within the enclave itself; residents walk to First Avenue for dining and shopping. It is a place for evening strolls in tiny parks and dinner parties at home.
The community is older and established, though younger people are moving in, attracted by the quiet and the value. It feels like a private club spread across six blocks.
Sutton Place is famously a bit isolated. The nearest subways (E, M, 6) are at 53rd and Lexington or 59th and Lexington, a solid 10-minute walk. Residents often rely on taxis, Ubers, or the crosstown bus.
Easy access to the FDR Drive makes it convenient for those who own cars and travel to the Hamptons or Westchester.
The neighborhood features a series of "pocket parks" at the end of each street overlooking the East River, offering benches and stunning views of the Queensboro Bridge. Sutton Place Park is a gem.
Amenities are refined: specialized cheese shops, florists, and high-end grocers on the periphery. It is close to the design district on the East Side.
Sutton Place is best for diplomats, retirees, and buyers who prioritize silence, river views, and white-glove service over subway convenience.

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