- Year built
- 1929
- Type
- Cooperative
- Financing
- Up to 50% permitted; the cooperative carries no underlying mortgage
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median
- $1.2M
- Recent range
- $765K – $1.8M
- Listing discount
- 5.1%
- Recorded transfers
- 100
14 Sutton Place South is a Rosario Candela cooperative from 1929, anchoring the northwest corner of East 56th Street in one of Manhattan's quietest and most established residential enclaves. Candela is the architect whose name has become synonymous with the pre-war Manhattan apartment at its most accomplished — the layouts, proportions, and circulation that define the genre — and 14 Sutton Place South is a characteristic example of his work, sized to the intimacy of the Sutton corridor rather than the grand scale of Fifth or Park.
The building's financial posture is as much a part of its reputation as its architecture. It carries no underlying mortgage — a genuine rarity among New York co-ops and a marker of conservative, well-run governance — and permits financing up to 50% of the purchase price. For buyers who value a debt-free balance sheet and the stability that comes with it, that profile is a meaningful draw.
Sutton Place itself is the third element. The enclave sits at the eastern edge of Midtown, hard against the East River, with small parks, low traffic, and a hush that feels far removed from the avenues a few blocks west — yet it remains within walking distance of Midtown's offices, restaurants, and transit.
Architecture and unit composition
Candela designed 14 Sutton Place South in the refined masonry vocabulary of the late 1920s — a dignified pre-war elevation detailed without excess, rising fifteen stories above the corner. Inside, the building carries the hallmarks of his planning: gracious entrance galleries, well-proportioned principal rooms, and the kind of layout logic that has kept pre-war Candela apartments in demand for nearly a century. The 93 residences range across classic configurations, with the upper floors capturing East River light and outlooks.
Converted to cooperative ownership in 1957, the building has been maintained to a high standard, with a classically designed lobby and common areas that reflect its standing as one of the corridor's preeminent addresses.
Building operations
14 Sutton Place South is a full-service cooperative staffed around the clock, with 24-hour door attendants and a live-in resident manager overseeing day-to-day operations. The amenity set is deep for a building of its era: a fitness center, a landscaped rooftop garden and terrace with open views, a laundry room, private storage, and a meeting room. The cooperative's debt-free balance sheet and 50% financing cap reflect a board posture oriented toward financial stability — characteristic of the well-capitalized buyer the building attracts. As at most pre-war Sutton co-ops, purchases proceed through a board package and interview, and prospective buyers should expect the diligence and reserve standards typical of a building of this caliber.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $3,178/yr
- Per unit / month range
- $0 – $3
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
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 |
|---|---|---|---|---|---|
| Mar 2, 2026 | 4C | 2 BR · 2 BA | $1,245,000 | -3.9% | |
| Jan 7, 2026 | 5D | 2 BR · 2 BA · 1,245 sf | $1,075,000 | $863/sf | -14.0% |
| Aug 26, 2025 | 5E | 1 BR · 1 BA | $865,000 | -21.4% | |
| Jun 23, 2025 | 12G | 1 BR · 1 BA | $890,000 | -0.9% | |
| Jun 20, 2025 | 9D | 2 BR · 2 BA · 1,300 sf | $998,000 | $768/sf | -2.2% |
| Mar 10, 2025 | 2C | 1 BR · 1.5 BA · 1,089 sf | $925,000 | $849/sf | -5.1% |
| Oct 28, 2024 | 11G | 1 BR · 1 BA · 764 sf | $765,000 | $1,001/sf | -4.4% |
| Oct 18, 2024 | 10 | 2 BR · 2 BA · 1,350 sf | $1,075,000 | $796/sf | off-mkt |
Market read. Most recent trades (2026) cleared a median $867/sf across 1 sale. Median listing discount 5.9% 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 |
|---|---|---|
| Dec 9, 2025 | 12F | $1,195,000 |
| Nov 5, 2024 | 3E | $1,295,000 |
| Dec 17, 2015 | 7F | $1,300,000 |
| Jun 18, 2014 | 9E | $685,000 |
| Apr 15, 2014 | 12A | $2,325,000 |
| Feb 11, 2014 | 11G | $735,000 |
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 1-01368-0024) 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 building rewards buyers who value pre-war architecture and conservative finances over amenity flash. The 50% financing cap and the absence of an underlying mortgage mean the cooperative is run for stability, and the board will expect a purchaser whose finances reflect that — strong post-closing liquidity and a clean application. Expect a board package and interview. The trade-off for that diligence is real: a debt-free building of Candela layouts on a quiet East River block, with full-time staffing and a roof garden, is exactly the kind of address that holds value through cycles. We help buyers assemble a board-ready package, read the building's financials, and identify the layouts and exposures that live best.
What to know if you’re selling
The selling story writes itself: a Candela cooperative, debt-free, on Sutton Place, with white-glove service and a landscaped roof garden. The marketing should lead with the architect and the building's financial strength — both durable differentiators in a market that increasingly prizes well-capitalized pre-war buildings — and anchor pricing to the Sutton and Beekman pre-war cooperative set. The board's standards mean the buyer pool skews qualified and serious, which shortens the path from offer to closing once the right purchaser is identified. We position each apartment against the most recent comparable closings in the enclave and prepare sellers for the board process from the listing date forward.
Comparable buildings
If you're considering 14 Sutton Place South, also evaluate the surrounding Sutton and Beekman cooperatives:
- 20 Sutton Place South — post-war Sutton cooperative to the north
- 1 Sutton Place South — Rosario Candela cooperative on the river
- 25 Sutton Place South — full-service Sutton cooperative
- 2 Sutton Place South — riverfront Sutton cooperative
- 45 Sutton Place South — Cannon Point South, full-service Sutton cooperative
- 60 Sutton Place South — established Sutton cooperative on the river
The Roebling Team at 14 Sutton Place South
The Roebling Team at Compass specializes in the pre-war cooperative market across Sutton Place, Beekman, and the broader East Side. We publish this profile because buyers and sellers evaluating a Candela cooperative deserve building-specific intelligence — the architecture, the financials, the financing and board posture, and where the pricing sits within the Sutton enclave.
If you're weighing a purchase or sale here, a 30-minute consultation is the right starting point.
Get the full picture on this building.
Current availability including off-market, the full comp set, and the board & financials read most listings don't show.