400 East 56TH Street #17F, New York City, NY 10022
Listing Courtesy of Corcoran Group
$750,000
Potential Rebate: $11,250
Overview
<strong></strong> Live in Plaza 400 in a spacious west-facing 1 bedroom, 1.5 bathroom apartment in the heart of Sutton Place. Upon entry, you're welcomed into a large living room with a separate dining area (currently converted to a sleeping area, also great for an office). The kitchen is equipped with Samsung appliances and a GE refrigerator. The king-sized primary suite offers generous proportions and abundant potential for customized storage.<br> <br> This oversized 1 bedroom in Plaza 400 offers terrific value, outstanding storage (a huge walk-in closet!), a half bath, and has a bonus room off the living room. Who doesn't need more space in Manhattan? <br> <br> Plaza 400 is a full-service, doorman building with hotel-like service and amenities. The building has an efficient and attentive management team within the building, as well as an entire service staff, in addition to a live-in resident manager. It has 4 Passenger elevators (2 express) as well as 2 service elevators. There is a newly renovated rooftop amenity area complete with an event space, a children's play area, and a rooftop pool. A well-equipped gym and an on-site garage is also available for residents. Parking is available with a separate entrance on 55th Street and a circular driveway on 56th for convenient pick-ups and drop-offs. <br> <br> Located in the wonderful residential neighborhood of Sutton Place, Plaza 400 balances a peaceful setting with easy access to transportation: the building is conveniently located a few blocks away from the 59th Street Bridge and FDR Drive, and the Lexington Avenue/53rd street E/M trains are also nearby. Shopping including Whole Foods and the new Trader Joe's three blocks away. Dozens of restaurants in every cuisine imaginable (American, Greek, Italian, French, Japanese, South Indian, and Lebanese to name a few) are within a few blocks. Pets and pieds-à-terre are permitted. 2% flip tax paid by purchaser.<br> <br>
Home Features
- •Central Air
- •Building Roof Deck
- •Private Outdoor Space Over 60 Sqft
- •City
Estimated Monthly Payment
$5,745 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$11,250
Monthly savings impact
$31/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 Corcoran Group
Data Source: TRESTLE #RLS20062533
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.
