- Year built
- 1950
- Type
- Cooperative
- Units
- 53
- Floors
- 6
- Landmark
- No
- Pets
- Permitted
- Subletting
- Permitted under board rules; confirm current terms at offer stage
- Flip tax
- Confirm current structure and payer at offer stage
Every recorded sale at this building, 2013–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median
- $528K
- Recent range
- $514K – $616K
- Listing discount
- 0.1%
- Recorded transfers
- 13
315 East 56th Street is a quietly well-located mid-century cooperative on one of the calmer residential blocks in the East 50s, between First and Second Avenues and a short walk from Sutton Place and the East River. Completed in 1950, the six-story building holds 53 apartments — a genuinely intimate co-op scaled to a small, stable ownership community rather than to amenity-heavy new construction.
The appeal here is location and value. The block sits east of the Lexington Avenue commercial spine, close to the E/M/6 at 53rd Street and the N/Q/R/4/5 at 59th Street, yet it keeps the low-key, tree-lined character that defines the Sutton Place edge of Midtown East. For buyers who want proximity to Midtown and the river without a trophy price tag, a small pre-war-adjacent co-op like this one is a practical entry point.
It is a services-light, self-managed-feel building — no doorman, no garage, no roof deck — which keeps carrying costs moderate and makes it a sensible choice for owner-occupants who value quiet and affordability over full-service amenities.
Architecture and unit composition
The 53 apartments distribute across six stories in a mid-century masonry envelope. The street presentation is more considered than the modest scale suggests: a canopied entrance, a central setback, and rusticated quoins that frame the façade give the building a touch of formality at grade.
The unit mix runs from studios and one-bedrooms through modest two-bedroom layouts. Interiors are mid-century in bones — efficient plans, generally solid proportions, through-wall air conditioning in many lines — with renovation quality varying apartment to apartment and driving much of the pricing spread within the building.
Building operations
315 East 56th Street operates as a services-light cooperative: an elevator, a live-in superintendent, private basement storage, laundry in the building, and video intercom entry. There is no doorman, no garage, and no roof deck — a tradeoff that keeps maintenance moderate and is typical for a boutique co-op of this vintage and scale.
As with any cooperative, buyers should confirm the current maintenance schedule, any assessments, the reserve position, recent and planned capital work, and the building's current financing cap, flip tax, and sublet terms during due diligence.
Recent sales
As a cooperative, 315 East 56th Street is read on a price-per-room basis; many apartments trade without a published square footage, and per-room and per-estimated-room pricing is the more reliable comparison. Recent closings have clustered in the mid-hundreds of thousands, consistent with a boutique, services-light Midtown East co-op — with floor, exposure, light, and renovation condition the dominant variables within the building.
Apartments here have historically sold within a normal marketing range for a non-trophy post-war co-op, with renovated units and higher, brighter lines commanding the premium. Specific recent figures should be confirmed against current recorded transfers at offer stage.
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 |
|---|---|---|---|---|---|
| Feb 4, 2026 | 2B | 3 BR · 1 BA | $616,141 | -3.0% | |
| Sep 9, 2025 | 5G | 2 BR · 1 BA | $514,316 | -0.1% | |
| Nov 19, 2024 | 3E | 2 BR · 1 BA · 800 sf | $543,382 | $679/sf | off-mkt |
| Aug 2, 2024 | 6E | 2 BR · 1 BA | $528,245 | +1.6% | |
| Dec 20, 2022 | GRA | 2 BR · 1 BA | $600,000 | +0.2% | |
| Nov 1, 2022 | 6A | 1 BR · 1 BA | $525,000 | -2.6% | |
| Aug 10, 2022 | 6F | 1 BR · 1 BA | $510,000 | -4.7% | |
| Jun 29, 2022 | 4F | 1 BR · 1 BA | $510,500 | +0.1% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $679/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 1.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Sep 9, 2022 | 6H | $510,000 |
| Aug 29, 2022 | 2H | $544,763 |
| Aug 27, 2013 | 8H | $1,175,000 |
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 1-01349-0009) 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
This is a value play near Sutton Place. You are buying location and moderate carry, not amenities. If a doorman, garage, or roof deck are dealbreakers, weigh that up front.
Condition drives price. Renovation quality is the primary variable within the building. Inspect kitchens, baths, and mechanicals and price against comparable condition.
Confirm the co-op economics. Verify the current financing cap, any flip tax and who pays it, the maintenance schedule, and any assessments before you commit. Model the full carry.
Board approval applies. As a cooperative, purchases require board approval. Prepare a complete, well-documented board package.
What to know if you’re selling
Lead with location and value. The Sutton Place-adjacent block, river proximity, and moderate carrying costs are the headline against pricier full-service alternatives nearby.
Presentation matters. Because condition drives the pricing spread, staging and preparation materially affect outcome in a boutique building.
Price per room against the right comps. Comparable analysis should weight floor, light, exposure, and condition, and account for the building's services-light profile in the buyer pool it attracts.
Comparable buildings
If you're considering 315 East 56th Street, also evaluate other cooperatives and condominiums across the Sutton Place corridor, weighing service level, carrying costs, and board policy against price.
The Roebling Team at 315 East 56th Street
The Roebling Team at Compass specializes in the Sutton Place, Midtown East, and East River-edge market. We publish this building profile because cooperative buyers and sellers deserve building-specific intelligence — architecture, board policy, and apartment-level pricing reality — not generic market commentary.
If you're considering a purchase or sale at 315 East 56th Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Sutton Place — read The Roebling Team Guide to Sutton Place.
Get the full picture on this building.
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