- Year built
- 1960
- Type
- Cooperative
- Units
- 58
- Floors
- 7
- Landmark
- No
- Pets
- Permitted with board approval
- Subletting
- Permitted after five years of residency, with board approval
- Pied-à-terre
- Allowed
- Flip tax
- Confirm current structure and payer at offer stage
Every recorded sale at this building, 2008–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $550K – $1.2M
- Listing discount
- 2.0%
- Recorded transfers
- 12
345 East 54th Street is an intimate post-war cooperative on a quiet, tree-lined block between First and Second Avenues, in the Sutton Place pocket of Midtown East. Completed in 1960, the seven-story beige-brick building holds 58 apartments — a small, well-run co-op that trades on a genuinely accommodating ownership policy and a peaceful residential setting rather than on trophy amenities.
The block is the draw. It sits directly across from a NYC Parks and Recreation center, a short walk from the East Midtown Greenway along the river, and close to the E/M/6 at 53rd Street. That combination — quiet street, river-edge greenway, and Midtown access — is exactly what makes the Sutton Place fringe attractive to owner-occupants who want calm without giving up connectivity.
For buyers, the appeal is the policy framework as much as the location: the cooperative permits co-purchasing and pied-à-terre ownership and allows subletting after five years of residency — a notably flexible stance for a building of this size, supporting flexibility over the life of ownership.
Architecture and unit composition
The 58 apartments distribute across seven stories in a beige-brick post-war envelope. The street presentation is understated and well-kept: a canopied entrance and lush sidewalk landscaping. The building's most distinctive interior feature is scale — many apartments carry generous 9.5-foot beamed ceilings, and several lines enjoy dual exposures and peaceful tree views.
The unit mix runs from studios through one-bedroom layouts. Many apartments have been renovated with modern finishes including granite countertops, and through-wall air conditioning is standard. Renovation quality varies apartment to apartment and drives much of the pricing spread within the building.
Building operations
345 East 54th Street operates as an intimate, services-light cooperative: an elevator, a live-in superintendent, a ground-floor laundry room, 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.
The cooperative's liberal ownership policy — co-purchasing, pied-à-terre, and post-five-year subletting, all with board approval — is a recurring point of appeal. As with any cooperative, buyers should confirm the current maintenance schedule, any assessments, the reserve position, recent capital work, and the building's current financing cap, flip tax, and sublet terms during due diligence.
Recent sales
As a cooperative, 345 East 54th 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 run in the mid-hundreds of thousands to around the high-hundreds depending on size, floor, exposure, and condition — with renovated units, higher ceilings, and dual-exposure lines commanding the premium within the building.
Apartments here have historically sold within a normal marketing range for a well-run, non-trophy post-war co-op. The liberal ownership policy is a recurring point of appeal that supports demand across market cycles. 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 24, 2026 | 2G | 1 BR · 1 BA | $550,000 | -7.6% | |
| May 20, 2019 | 1D | 1 BR · 1 BA | $595,000 | -0.3% | |
| Nov 13, 2018 | 3H | 1 BR · 1 BA · 700 sf | $555,000 | $793/sf | off-mkt |
| Aug 27, 2018 | 4H | 1 BR | $555,000 | -5.9% | |
| Jul 27, 2018 | 5G | 1 BR · 1 BA · 700 sf | $600,555 | $858/sf | -2.3% |
| Jul 26, 2018 | 3G | 1 BR · 1 BA | $575,000 | -1.7% | |
| Jan 10, 2017 | 2G | 1 BR · 1 BA · 750 sf | $595,000 | $793/sf | off-mkt |
| Nov 25, 2014 | 2G | 1 BR · 1 BA · 750 sf | $547,000 | $729/sf | +3.2% |
Market read. $/sf is measured on the latest sales with reliable square footage (2018): a median $826/sf across 2 sales. The building has traded as recently as 2026. Median listing discount 2.0% 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 15, 2023 | 3HJ | $1,195,000 |
| Aug 30, 2021 | 6D | $600,000 |
| Nov 19, 2018 | 2D | $590,000 |
| Apr 1, 2008 | 6H | $500,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01347-0018) 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 policy is a genuine feature. Co-purchasing, pied-à-terre ownership, and post-five-year subletting make this an unusually flexible small co-op. Confirm current terms with the board.
Ceiling height and exposure are premiums. The 9.5-foot beamed ceilings and dual-exposure lines carry a durable premium. Confirm exactly what a given line offers.
Condition drives price. Renovation quality is a primary variable within the building. Inspect kitchens, baths, and mechanicals and price against comparable condition.
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 the ceilings and the block. The 9.5-foot beamed ceilings, quiet tree-lined street, and greenway proximity are the headline.
Foreground the flexibility. The liberal ownership and sublet policy widens the buyer pool; market it explicitly.
Price per room against the right comps. Comparable analysis should weight ceiling height, exposure, floor, and condition.
Comparable buildings
If you're considering 345 East 54th 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 345 East 54th 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 345 East 54th 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.
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