347 East 53rd Street (The Sutton View)
347 East 53rd Street, New York, NY 10022
BBL 1013460020 · BIN 1039835
- Year built
- 1961
- Type
- Cooperative
- Units
- 42
- Floors
- 10
- Landmark
- No
- Pets
- Permitted (dogs generally up to 35 lbs., with board approval)
- Subletting
- Flexible sublet policy with board approval
- Flip tax
- Confirm current structure and payer at offer stage
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $796
- Listing discount
- 1.9%
- Recorded sales
- 46
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Sutton View 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.
347 East 53rd Street — The Sutton View — is a compact post-war cooperative on a central Midtown East block between First and Second Avenues, a short walk from Sutton Place, Beekman Place, and the East River. Completed in 1961, the ten-story building holds just 42 apartments across a mid-rise footprint, with up to four residences per floor — an intimate co-op that pairs genuine height and light with a small, stable ownership community.
The building's appeal is the balance it strikes: more vertical scale and outlook than the low-rise co-ops that dominate these blocks, but still boutique in unit count and services. Higher floors capture open views, and the central location puts the E/M/6 at 53rd Street within a couple of blocks.
For buyers, The Sutton View offers a practical mix — moderate carrying costs, a flexible sublet policy, and a usable amenity set built around a common outdoor patio — in a well-located, well-kept building rather than a trophy address.
Architecture and unit composition
The 42 apartments distribute across ten stories, with up to four residences per floor. The street presentation is more polished than the modest scale suggests: a polished granite entrance surround, a canopied entrance, and attractive sidewalk landscaping.
The unit mix runs from studios and one-bedrooms through modest larger layouts. Interiors are post-war in bones — efficient plans, generally solid proportions — with renovation quality varying apartment to apartment and higher floors capturing the building's better light and outlook. Condition and floor level drive much of the pricing spread within the building.
Building operations
The Sutton View operates as a boutique cooperative with a usable amenity set: two elevators, a live-in superintendent, a common courtyard and patio with a barbecue, a laundry room, private storage, a bicycle room, and FOB 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 permits pets (dogs generally up to 35 lbs.) and maintains a flexible sublet policy, both with board approval. 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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $27,998/yr
- Per unit / month range
- $0 – $56
- Modeled exposure split equally across 42 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 filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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 2020–25. 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
- Must be resident 2 years prior; min 4 months, max 1 year; each year needs Board approval; no more than 10 sublets at a time
- Pied-à-terre
- Allowed, case by case
- Notable fees
- Max financing 75%; Corporate/Diplomat purchase not allowed; Processing Fee $525; Credit Check $125/applicant
Recent sales
As a cooperative, The Sutton View 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 higher floors, better light, and renovated units commanding the premium within the building.
Apartments here have historically sold within a normal marketing range for a well-located, non-trophy post-war co-op. The flexible sublet policy and common outdoor space are recurring points of appeal. 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 |
|---|---|---|---|---|---|
| Aug 18, 2026 | 2C | 1 BR · 1 BA · 848 sf | $675,000 | $796/sf | -3.4% |
| Feb 20, 2026 | LA | 1 BR · 1 BA | $350,000 | -12.5% | |
| Nov 12, 2024 | 2B | 1 BR · 1 BA · 880 sf | $635,000 | $722/sf | -2.2% |
| Jun 5, 2024 | D1 | 1 BR · 1 BA | $690,000 | -3.5% | |
| Oct 18, 2023 | 8C | 2 BR · 1 BA · 900 sf | $832,500 | $925/sf | -7.5% |
| Oct 3, 2023 | 7B | 1 BR · 1 BA | $860,000 | -1.7% | |
| Jun 17, 2022 | 5A | 2 BR · 1 BA · 900 sf | $875,000 | $972/sf | -1.1% |
| Dec 3, 2021 | 8D | 1 BR · 1 BA | $725,000 | -8.8% |
Market read. Most recent trades (2026) cleared a median $796/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 1.9% 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.
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 1-01346-0020). 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 The Sutton View, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 4 | $4,475 |
| 2 bedroom | 2 | $4,500 |
Also $60 per sq ft per year (6 leases that report square footage). 6 closed sublet leases, October 2023 to September 2026. Most recent lease February 2026. 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 $635K (3 transfers since 2024), a buyer putting 25% down would pay about $10,931 to close, or 1.7% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $10,931
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
Floor and light are the premium. The ten-story height gives higher floors an outlook advantage rare among these low-rise blocks. Confirm exactly what a given line sees.
The sublet policy is a genuine feature. For buyers who value flexibility over the life of ownership, the building's flexible sublet framework is a differentiator. Confirm current terms with the board.
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 floor and light. For higher-floor apartments, the outlook is the headline against the surrounding low-rise stock.
Foreground the outdoor space and flexibility. The common patio and flexible sublet policy widen the buyer pool; market them explicitly.
Price per room against the right comps. Comparable analysis should weight floor, light, exposure, and condition.
Comparable buildings
If you're considering 347 East 53rd 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
- 345 East 54th Street — 1960 co-op
- 345 East 56th Street (Sutton East) — 1960 condop
- 345 East 57th Street — 1928 co-op by Schwartz & Gross
- 350 East 57th Street — 1927 co-op
- 400 East 51st Street (The Grand Beekman) — 2003 condominium by Costas Kondylis & Partners
- 400 East 54th Street (The Revere) — 1970 condominium by H.I. Feldman
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.
Considering a move at The Sutton View?
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