1076 First Avenue
1076 First Avenue, New York, NY 10022
Sutton Place
BBL 1013700046 · BIN 1040640
- Year built
- 1928
- Type
- Cooperative
- Units
- 121
- Floors
- 17
- Landmark
- No
- Pets
- Permitted (cats and dogs), per building documentation
- Pied-à-terre
- Allowed
- Financing
- Up to 75% permitted (25% minimum down), per building documentation
- Flip tax
- None, per building documentation
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $588K
- Recent range
- $440K – $1.4M
- Listing discount
- 3.9%
- Recorded transfers
- 163
400 East 59th Street is a 1928 prewar cooperative holding the southeast corner of First Avenue and 59th Street — the point where Sutton Place meets Midtown East at the foot of the Queensboro Bridge. It is a boutique building by the standards of the corridor, roughly 121 to 127 apartments across seventeen stories, and its appeal is a specific combination that the larger, stricter cooperatives nearby do not all offer: genuine prewar detail, upper-floor East River and bridge views, and a notably permissive board policy — no flip tax, financing to 75%, pets and pied-à-terre use both accommodated, and utilities included in maintenance.
The building sits at a useful seam. Sutton Place proper — the quiet, low-traffic enclave of prewar cooperatives running to the river between 53rd and 59th Streets — begins a few doors south and east. Midtown East's transit and retail density is a short walk west: the Lexington Avenue subway complex at 59th Street, the E and M at 53rd, the F at 63rd, and the Second Avenue Subway, alongside Bloomingdale's, Whole Foods, and Trader Joe's. Buyers get Sutton-edge prewar character with Midtown convenience, at a price point below the marquee Sutton Place addresses.
The trade-offs are equally specific and worth stating plainly: the building sits at the busy foot of the Queensboro Bridge, and it does not offer a garage, a gym, or a pool. What it offers instead is prewar authenticity, a friendly rulebook, and a value entry point into the Sutton-edge market.
Architecture and unit composition
400 East 59th Street is a late-1920s prewar apartment house — a seventeen-story masonry building with the uniform window grid, decorative cornice, and canopied corner entrance characteristic of the 1928 building cycle. The prewar bones show in the apartments: ceiling heights approaching ten and a half feet in the better lines, herringbone hardwood floors, and, in some apartments, decorative fireplaces and Juliet balconies.
The apartment mix runs from studios and one-bedrooms through two-bedroom configurations, with the upper floors on the east and north lines capturing the building's best asset — open East River and Queensboro Bridge views that the low-scale riverfront and the bridge approach preserve. A planted courtyard garden and a double-height glass conservatory give the building common amenity space unusual for its boutique scale.
Apartment condition varies with ownership across the decades since the early-1980s conversion, as is typical of a prewar cooperative; buyers should underwrite each unit on its own renovation state.
Building operations
400 East 59th Street operates as a cooperative with a 24-hour doorman and a live-in resident manager. The amenity set is prewar-boutique rather than full-service-tower: the planted courtyard garden and the glass conservatory are the signature common spaces, supported by central laundry, a bike room, and private storage. There is no garage, gym, or pool. Maintenance, per building documentation, includes utilities — a structural feature buyers should weight when comparing monthly carry against separately metered buildings.
The cooperative's policy framework, as reflected in public listing and building records, is comparatively permissive: there is no flip tax, financing is permitted up to 75% (25% minimum down), pets are welcome, and pied-à-terre use is accommodated. The current sublet policy and the precise financing terms should be confirmed with the managing agent and offering plan during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $68,294/yr
- Per unit / month range
- $0 – $45
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 21, 2026 | 10F | 2 BR · 2 BA | $938,000 | -5.1% | |
| Apr 9, 2026 | 4C | 2 BR · 2 BA · 1,100 sf | $1,095,000 | $995/sf | +0.0% |
| Dec 2, 2025 | 15F | 2 BR · 2 BA | $1,450,000 | -19.2% | |
| Oct 15, 2025 | 8B | 1 BR · 1 BA | $599,000 | +0.0% | |
| Oct 1, 2025 | 9G | 1 BR · 1 BA · 710 sf | $550,000 | $775/sf | -11.3% |
| Sep 9, 2025 | 3G | 1 BR · 1 BA | $527,500 | -3.9% | |
| Jul 8, 2025 | 14G | 1 BR · 1 BA | $599,000 | +0.0% | |
| Jun 20, 2025 | 13E | 2 BR · 2 BA | $1,015,000 | -5.1% |
Market read. Most recent trades (2026) cleared a median $999/sf across 1 sale. Median listing discount 2.7% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Apr 13, 2006 | 4D | $429,000 |
| Apr 13, 2006 | 5C | $660,000 |
| Mar 9, 2006 | 5F | $950,000 |
| Dec 1, 2003 | 10G | $415,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01370-0046) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
The board policy is the differentiator. No flip tax, financing to 75%, pets welcome, and pied-à-terre use accommodated — a friendlier framework than many prewar cooperatives in the corridor. For buyers who value flexibility, this is the building's strongest card.
Upper-floor river and bridge views are the asset. The premium lines on the east and north expose open East River and Queensboro Bridge views. Buy the view floor if the view matters; the price gap to lower floors reflects it.
Underwrite the monthly carry with utilities in mind. Maintenance includes utilities, so compare it on a like-for-like basis against separately metered buildings rather than at face value.
Accept the trade-offs deliberately. The building sits at the busy foot of the Queensboro Bridge and offers no garage, gym, or pool. Buyers who prioritize a quiet interior block or full-service amenities should weigh this against the value pricing and the prewar character.
Condition varies apartment to apartment. As in any prewar cooperative, renovation state ranges widely. View the specific unit and price on its line's recent comparables.
What to know if you’re selling
Lead with the policy and the views. No flip tax, 75% financing, pet-friendliness, and pied-à-terre accommodation widen the buyer pool — position them explicitly. Upper-floor river and bridge exposure is the physical asset to feature.
Price on the line and floor. With a heterogeneous prewar stock and a real view premium, building-wide averages compress meaningful differences. Reference the most recent closed comparable on the specific line, and account for exposure and renovation state.
Address the trade-offs proactively. The bridge-foot location and the absence of a garage are known factors; frame the value pricing and the prewar character as the offset rather than leaving buyers to discount silently.
Cooperative closing timelines apply. Board approval is required; pacing typically runs 60–90 days from contract through approval to closing.
Comparable buildings
If you're considering 400 East 59th Street, also evaluate:
- 200 East 59th Street — nearby full-service building at the Midtown East / Sutton edge
- 418 East 59th Street — nearby East 59th Street cooperative
- 300 East 59th Street — nearby Midtown East full-service building
- 40 Sutton Place — nearby Sutton Place prewar cooperative
- 30 Sutton Place — nearby Sutton Place prewar cooperative
- 959 First Avenue — nearby First Avenue building on the Sutton edge
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Sutton Place — read The Roebling Team Guide to Sutton Place.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at 1076 First Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1076 First Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.