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Sutton Place Multifamily Home for Sale

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    $5,100,000

    • 6 Beds
    • 8 Baths
    • 7,000 Sq Ft

    348 E 55th St, New York, NY 10022

    The 22-foot-wide townhouse at 348 East 55th Street is located on a quiet, tree-lined block adjacent to the sought-after Sutton Place neighborhood, offering an exceptional opportunity to create a unique and tailored space in one of Manhattan’s most desirable areas. Spanning five stories and approximately 7,000 square feet, the property is just steps from major offices, the United Nations, and an

    Caylyn Sullivan Leslie J Garfield & Co Inc

    348 E 55th St, New York, NY 10022

About Sutton Place

Sutton Place in New York City is a serene enclave along the East River, known for its stately townhomes and prestigious prewar co-ops with rooftop terraces. This neighborhood has a distinctly residential feel compared to the rest of Midtown East and has attracted diplomats, billionaires, and celebrities, as well as a growing number of younger families. The new East Midtown Greenway, connecting 53rd and 61st Streets, has become a popular feature, enhancing the area's appeal. The neighborhood is home to the United Nations Headquarters and several embassies in nearby Turtle Bay. Housing options include white-glove high-rises, Beaux-Arts and Art Deco prewar buildings, and new luxury developments like Sutton Tower. The new public esplanade offers scenic views of the Queensboro Bridge and East River, ideal for morning runs and leisurely strolls. Greenacre Park, with its 25-foot-high cascade fountain and lush greenery, provides a tranquil retreat. While Sutton Place isn't a major shopping destination, it boasts Bloomingdale’s and Saks Fifth Avenue nearby, along with specialty stores like Ideal Cheese Shop. Dining options along First Avenue include Lebanese, Italian, and Japanese restaurants. Grocery needs are met by Trader Joe’s and Whole Foods. Sutton Place is a prime spot for viewing July 4th fireworks and hosts family-friendly events like the Sutton Sunset Celebration. Highly rated schools include P.S. 59 Beekman Hill International, Simon Baruch Middle School 104, and Art and Design High School. The neighborhood is walkable, with access to the E, 6, and F trains, M15 bus service, and the Roosevelt Island Tramway. LaGuardia Airport is about a 15-minute drive away.

Home Trends in Sutton Place, NY

Home Trends

Median Price (12 Mo)
$916,250
Median Single Family Price
$1,445,000
Median Townhouse Price
$2,999,800
Median 2 Bedroom Price
$1,298,000
Median 1 Bedroom Price
$677,000
Average Price Per Sq Ft
$1,468
Number of Homes for Sale
258
Last 12 months Home Sales
342
Months of Supply
9.10
Median List Price
$1,100,000
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
0%
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