A renovated Sutton Place two bedroom with a gourmet kitchen, no board approval required
The apartment has original prewar details including oak floors, plaster moldings, and high ceilings.
Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. In exchange for the condo-like ease of acquisition, expect to pay a bit more than a regular co-op, but considerably less than a condo. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask."
This newly renovated two-bedroom co-op, 419 East 57th St., #12F, in Sutton Place, is on the market for $1,300,000, slightly below the neighborhood’s median of $1,450,000 for two-bedroom apartments, according to StreetEasy.
The apartment has two bathrooms, a gourmet kitchen, and an in-unit washer/dryer. The pet-friendly building’s amenities include a resident manager, 24-hour doorman, bike room, gym, and a roof deck.
There is a 2 percent flip tax that will be paid by the buyer, and a $2,858 monthly maintenance fee.
The kitchen features new stainless steel appliances, quartz countertops, and lots of storage.
Both bedrooms have walk-in closets.
Both bathrooms are windowed.
The roof deck was recently expanded and replanted.
The floor plan shows the apartment has two additional walk-in closets off the entryway.
The full-service building is within walking distance of Bloomingdale’s, Whole Foods, and popular restaurants like Neary’s and Serendipity 3. There are two subway stations within a 10-minute walk where you can catch a total of eight trains.
