The Forty Sutton Pl

The Forty Sutton Pl is a condo located 40 Sutton Place, in Sutton Place, New York. The building was first built in 1981 and is 43 years old. The lot that the building was built on is 80 feet wide and 87 feet long. The official lot area is listed as 6,956 square feet. In total, 40 Sutton Place has a total floor area of 47,399 square feet. Of that, 43,574 square feet are used for residential purposes. About 3,825 square feet of the building are used for commercial purposes. There are a total of 75 units. Of those, 74 are residential units. There are 1 commercial units. 40 Sutton Place has a total of 10 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 2 elevators in 40 Sutton Place.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. There are 320 closings on record, of which we have matching data for 34 listings. In the past 3 years, a listing in this building will typically remain on the market for about 153 days Meaning, listings tend to sell at a median of $952 price per square foot. The transaction that took the longest to complete was unit 10M, listed on May 11, 2022 for $895,000. This particular unit ultimately sold 330 days later for $0. The most recent transaction was for unit 4A, which was first advertised on Jul 10, 2023, sold for $533,333 on Nov 06, 2023. Fun fact, the oldest transaction we have on record took place on Jul 20, 1981. See the full transaction history for The Forty Sutton Pl below.

Sutton Place, where 40 Sutton Place is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $499,000. For interested buyers, that means the building's median asking price is around 0.75% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.