If you’re searching for a NYC neighborhood with a quieter, small-town feel, look no further than Sutton Place. This Midtown East enclave has a residential vibe and is home to several luxury co-ops. But not every apartment comes with a luxury price tag — just take a look at 60 Sutton Place South #5LN. Our Deal of the Week is a studio with an elegant aesthetic in a full-service building hugging the East River.
Learn more about our Deal of the Week!
The price: $475,000
The median asking price for a home in Midtown East was $900,000 this October, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at about half the median asking price for the greater neighborhood.
Buyers who put down a 20% down payment of $95,000 can expect to see monthly payments of $4,057. This includes a mortgage payment of $2,560 and maintenance fees of $1,497. Monthly payments are also much less than the median asking rent in Midtown East, which sat at $5,000 this October.
Why you’ll love it…
Upon entering this unit, you’ll be greeted by two large closets on either side of the door. But these are far from the only storage options in the space: two more closets are located outside the bathroom. The living area is decked out in crown moldings, a chair rail, and picture-frame moldings, creating an elegant and upscale vibe. You’ll also find marble tile floors throughout the unit, helping to keep the space bright and cohesive. There’s also plenty of natural light thanks to two walls of oversized windows in the main living area, plus a windowed dining area.
This dining nook is situated just outside the kitchen, anchored by a ceiling medallion and pendant light. It’s the perfect spot for a small dining set, home office, or even a TV as staged in the listing photos. Through a doorway, the kitchen is dark and moody with black cabinetry and ceilings, gold fixtures, and reflective backsplash. It’s the farthest you can get from an all-white, open kitchen, and it’s perfect for those seeking unique character. The space is finished with marble countertops and ornate ceiling lighting fixtures.
The bathroom is bright with stone tile on both the walls and floors, and the same gold fixtures to match the kitchen. A deep soaking tub offers a place to unwind. Back in the main living area, you’ll have enough space for both a sitting area and a bed. And to top it all off, the unit has a new HVAC system that allows rooms to be cooled or heated to your liking.
One of the best things about this studio is its location in a full-service elevator building, complete with a bike room, on-site parking, common laundry, live-in super, full-time doorman, gym, and garden. It’s also pet-friendly, and pied-à-terres are permitted. The building is also mere feet from the East River Esplanade and Sutton Place Park, whether you prefer to relax on a park bench with a book or take a jog with great scenery. Transit-wise, the E, M, N, R, W, 4, 5, and 6 trains are all nearby, plus all the transit options Grand Central has to offer.
…and why you might not
While the tile floor is real marble and a great neutral color, it won’t be everybody’s cup of tea. Monthlies are also a bit on the higher side for a studio, but you do get access to a slew of amenities. So if you’re on the hunt for a co-op with character in Sutton Place, be sure to add this one to your shortlist.
Check out the listing at 60 Sutton Place South #5LN, listed by Ilya Kazakin-Kuteyev of SERHANT.
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