The Sutton House

the turnover really isn't that much given the size of the building. The new building going on will be a positive improvement over what is there now so that should not be a detraction. It is a great building, and beautiful area.

Does anyone know what kind of building will be going up? How tall, commercial or residential, etc. When will it happen?

we are looking at 2 br in this bldg. based on our exp at other bldgs, seems the prices in this bldg are very high. the bldg looks ok but it is not fancy
anybody have any ideas why the prices are higher that other comparable bldgs in the sutton area?

Yes. Seems high for mid-town east. I heard(read) they(a Co-op on 52nd)tried to change the name of the street to River Place(lol- sorry as if River Place sounds exclusive) to improve property values. I don't think it(name change or property values improving) worked.

Anyone have any idea how difficult/easy the board is in this building? Average coop requirements?

Does anyone have any insight on this building? Is it loud because it is close to the FDR? Landlease?

Seems to be a bunch of units on the market.

Great building, just moved here in late 2021. Staff is courteous, board was reasonable in their interview, ultimately desiring to have good shareholders who are going to be good neighbors. Gym works well, at the time of writing parking for shareholders is $450/month. Building is in process of refinancing its mortgage, taking advantage of low interest rate to invest in improvements across the property, while keeping maintenance fees low. Great value for the money, in the heart of NYC. Trader Joe’s just opened nearby. And if you are researching the area, there is a promenade buying built Along the East River that will allow going from the building rear entrance on 53rd St to the Upper East Side along the River, to be completed by the end of 2023. 2022 looks like a good time to buy, with interest rates still low, and prices still depressed in Manhattan.

Anyone here able to explain the current selloff/markdown? Thanks