315 East 56th Street
315 East 56th Street, New York, NY 10022
Sutton Place
BBL 1013490009 · BIN 1039983
- 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, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $460K
- Recent range
- $315K – $616K
- Listing discount
- 2.6%
- Recorded transfers
- 24
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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $16,946/yr
- Per unit / month range
- $0 – $26
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 →Management & transfer contacts
- Sublet policy
- Allowed
- Pied-à-terre
- Allowed
- Notable fees
- App Processing $400; Credit Check $50/applicant; Stock Sale Review $200; Stock Sale Transfer Fee $800; Move-In deposit $500
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% | |
| Aug 8, 2025 | 4F | 1 BR | $420,000 | -11.6% | |
| Jul 11, 2025 | 2C | 2 BR · 1 BA | $494,932 | -5.7% | |
| Dec 18, 2024 | 2J | $315,000 | -4.3% | ||
| Nov 19, 2024 | 3E | 2 BR · 1 BA · 800 sf | $543,382 | $679/sf | +0.0% |
| Nov 19, 2024 | 3E | 2 BR · 1 BA · 800 sf | $543,381 | $679/sf | -0.0% |
| Oct 8, 2024 | 4H | 1 BR · 1 BA | $499,000 | -2.2% | |
| Sep 9, 2024 | 1G | 2 BR | $499,000 | +0.0% |
Market read. $/sf is measured on the latest sales with reliable square footage (2024): a median $679/sf across 2 sales. The building has traded as recently as 2026. Median listing discount 2.2% 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.
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 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 315 East 56th Street?
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 315 East 56th Street 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.