315 East 56th Street
315 East 56th Street, New York, NY 10022
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
- 3.0%
- Recorded transfers
- 23
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.
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
- $13,267/yr
- Per unit / month range
- $0 – $20
- Modeled exposure split equally across 55 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →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.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
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, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Sep 18, 2026 | GRA | 2 BR · 1 BA | $550,000 | +4.8% | |
| 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 | $543,381 | $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 (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 2.4% 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). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.
Closed rents at 315 East 56th Street, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 2 | $2,875 |
4 closed sublet leases, October 2023 to September 2026. Most recent lease August 2025. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $499K (7 transfers since 2024), a buyer putting 25% down would pay about $10,421 to close, or 2.1% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $10,421
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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.
More Sutton Place buildings
- 300 East 59th Street (The Landmark) — 1974 co-op
- The Milan, 300 East 55th Street — 2003 condominium
- 303 East 57th Street (The Excelsior) — 1967 co-op by Philip Birnbaum & Associates
- 317 East 57th Street — 1929 co-op
- 320 East 57th Street — 1928 co-op
- 322 East 57th Street — 1929 co-op
The neighborhood
For the full corridor — architecture, 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.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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