400 East 56TH Street #38L, New York City, NY 10022
Listing Courtesy of Next Stop NY
$1,799,000
Potential Rebate: $26,985
Overview
<p>Perched on the 38th floor, this fully renovated oversized 2-bedroom, 2-bath beautifully designed apartment with sweeping North and East views of the city skyline and the East River. A private north-facing balcony provides the perfect setting to enjoy morning coffee or unwind above the city.</p> <p>A gracious entry foyer opens into an expansive living room with a separate dining alcove, ideal for entertaining or flexible use as a home office or den. The renovated kitchen features full-size stainless steel appliances, generous cabinet space, and a thoughtful layout for everyday living. The well-proportioned bedrooms are positioned for comfort and privacy, including a king-size primary suite with an en-suite bathroom and exceptional storage. With 8 closets, 3 of them walk-ins-this home offers an abundance of rarely found storage. Hardwood floors run throughout, adding warmth and elegance to the space. </p> <p>Plaza 400 is a full-service co-op with Amenities that include a beautifully renovated lobby, 24-hour doorman, large fitness center, yoga/stretching studio, laundry, bicycle storage room, a security desk, concierge service, staffed package room with immediate electronic notification, and both a live-in super and live-in assistant super. The huge rooftop features a beautiful outdoor heated pool, and spectacular 360-degree views, with a party or game room, playroom, and tables and lounge chairs available for use upon request. Convenient to multiple subway lines and buses, restaurants, parks, and shopping. Utilities ARE included in the maintenance. 2% Flip Tax is paid by the buyer. Pieds-a-terre, guarantor, co-purchasing, or parents buying for children allowed. The general subletting policy is live for 3, then 3 out of 5 years, and is subject to board approval. The minimum down payment is 30%. Pet-friendly building and pets allowed. All information furnished herein is from sources deemed reliable.</p> <p>All information is submitted subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. All dimensions are approximate. For exact dimensions, please hire your own architect or engineer.</p>
Home Features
- •Central Air
- •Balcony
- •Building Roof Deck
- •Private Outdoor Space Over 60 Sqft
- •Bridge(s)
- •City Lights
- •City
- •River
Estimated Monthly Payment
$13,093 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$26,985
Monthly savings impact
$75/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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Listings
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 Next Stop NY
Data Source: TRESTLE #RLS20059122
Price Analysis
Compare average listing prices and value metrics for Plaza 400 against the surrounding Sutton Place market.
Average List Price
Price Per SqFt
34.56% Lower
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
Overview of Sutton Place
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.
Real Estate & Housing Market
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.
Lifestyle & Community
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.
Transportation & Accessibility
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.
Parks, Schools & Amenities
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.
Who This Neighborhood Is Best For
Sutton Place is best for diplomats, retirees, and buyers who prioritize silence, river views, and white-glove service over subway convenience.
