400 East 51st Street (The Grand Beekman)
400 East 51st Street, New York, NY 10022
- Year built
- 2003
- Type
- Condominium
- Units
- 89
- Floors
- 32
- Landmark
- No
- Pets
- Pet-friendly — dogs and cats both permitted
- Pied-à-terre
- Allowed
- Financing
- No building-imposed financing cap (condominium); financing is subject to lender underwriting.
- Subletting
- Generally permitted (condominium); confirm any rental cap or right of first refusal at the offer stage.
- Tax status
- Condominium; unit owners pay their own real estate taxes directly. Building obtained a 2013 assessed-value reduction yielding ~$93k in RE tax refunds to owners; ~$43k still due to unit owners at 12/31/22 (per financials).
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the 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
- $1,296
- Listing discount
- 5.6%
- Recorded sales
- 133
- On record
- 2003–2026
The Grand Beekman at 400 East 51st Street is the most architecturally consequential contemporary residential building developed in the Beekman corridor in approximately 25 years. Completed in 2003 by Alexico Group (Izak Senbahar and Simon Elias) in joint venture with Gama Holdings, the 32-story condominium was designed by Costas Kondylis — Manhattan's most prolific late-20th-and-early-21st-century residential architect, whose body of work spans approximately 86 Manhattan towers including Trump World Tower at 845 United Nations Plaza two blocks south. Kondylis's architectural argument at The Grand Beekman is structurally distinct from the broader Manhattan contemporary luxury residential tradition. Where Kondylis's earlier 845 UN Plaza commission produced a pure-modernist dark bronze glass slab, The Grand Beekman is executed in limestone and cast stone — a material specification rare among contemporary Manhattan condominium construction and closer to the pre-war Park Avenue and Fifth Avenue cooperative tradition than to the contemporary supertall condominium tier. The architectural argument is explicit: Alexico's own marketing describes the design as "an architectural homage to the 1930s poise of the celebrated River House" — the 1931 William Lawrence Bottomley landmarked trophy cooperative at 435 East 52nd Street that defines the broader Beekman / Sutton Place corridor's pre-war residential identity. an architecture critic describes the resulting building as "the most elegant, post-modern building along First Avenue."
The exterior carries the architectural detail consistent with the homage. A rusticated six-story masonry base; corner bay windows on the avenue elevation; articulated upper-story pilasters running five stories at the building's apparent crown; three pilasters extending the full height of the enclosed rooftop water-tank structure. The result is a building that reads from First Avenue as pre-war in character — calibrated to the broader pre-war architectural register of the surrounding Beekman corridor rather than to the glass-curtain-wall vocabulary of the contemporary new-construction trophy tier.
Apartment interiors carry the pre-war architectural argument inward. Substantial ceiling heights running approximately 9.5 to 13 feet across the building's inventory; herringbone mahogany flooring (a pre-war architectural signature unusual in contemporary new construction); French doors opening onto Juliet balconies; corner bay windows producing East River and Manhattan skyline views from the upper-floor inventory; Viking, Miele, and Sub-Zero kitchen specifications; limestone bathroom finishes. Apartment configurations follow pre-war-influenced layout discipline — formal entry galleries, separation between entertaining and sleeping wings, library-living combinations on the larger units.
A distinctive interior architectural feature: the landscaped private garden conservatory designed by Arnold Scaasi (1930–2015) was the couturier whose body of work included First Lady wardrobes for Mamie Eisenhower, Barbara Bush, and Laura Bush; the conservatory commission at The Grand Beekman is unusual within the Manhattan luxury residential amenity tier and represents a structurally distinguishing architectural feature for the building.
The building's cooperative-style architectural register is paired with a condominium ownership form and a structurally permissive policy framework that distinguishes The Grand Beekman sharply from the trophy pre-war cooperative inventory of the surrounding Beekman Place and Sutton Place corridor. The policy framework — 10 percent minimum down payment, no traditional flip tax, pied-à-terre permitted, subletting permitted, in-unit washer/dryer permitted, LLC and trust ownership permitted, foreign buyers permitted — supports transaction structures that are structurally precluded at the surrounding trophy cooperatives. For the right buyer profile (foreign buyers, pied-à-terre buyers, investment-use buyers, buyers prioritizing transaction flexibility over the trophy cooperative architectural credential), the structural advantage is meaningful.
For sellers, The Grand Beekman represents a particular position in the contemporary Manhattan luxury condominium market: Kondylis architectural pedigree at one of the firm's most classically detailed commissions; Alexico developer credential; pre-war-influenced limestone-and-cast-stone exterior; Scaasi conservatory amenity; substantial 10-foot-plus ceiling heights and pre-war-influenced apartment layouts; Beekman corridor positioning at the seam between trophy pre-war cooperatives and broader Turtle Bay / Midtown East; and condominium ownership form that supports the broader Manhattan luxury condominium buyer pool including foreign and investment-use buyers.
Architecture and unit composition
The 89 condominium residences distribute across the building's 32 stories in configurations ranging from one-bedroom apartments through the 3,688-square-foot Penthouse 32 (originally configured as a 5-bedroom with wood-burning fireplace, 11-foot ceilings, bamboo flooring, and terrace from the master suite). Typical apartment sizes run from approximately 1,000 square feet through 3,300-plus square feet. The A and B lines on each floor are the larger corner residences with East River exposure; the broader inventory carries varied exposures (East River, Manhattan skyline, First Avenue, interior courtyard).
Interior architectural specifications include:
- Ceiling heights running approximately 9.5 to 13 feet across the inventory (substantial by contemporary new-construction standards)
- Herringbone mahogany flooring (a pre-war architectural signature)
- French doors opening onto Juliet balconies on many apartments
- Corner bay windows producing East River and Manhattan skyline views from the upper-floor inventory
- Viking, Miele, and Sub-Zero kitchen specifications
- Limestone bathroom finishes
- Wood-burning fireplaces on select penthouse-tier units (including PH32)
- Substantial private terraces on select upper-floor units (some over 1,500 square feet per public records)
Building operations
The Grand Beekman operates as a full-service condominium under the managing agent. The 24-hour doorman, concierge, and live-in superintendent produce a service infrastructure consistent with the contemporary luxury condominium tier. Alexico's own marketing describes the lobby as deliberately understated: "The intimate scale of the entrance and lobby echoes the confident restraint of the finest homes on Fifth Avenue and Park Avenue."
The amenity package is calibrated to the building's pre-war-influenced architectural identity: the duplex two-story fitness center with sauna, the Scaasi-designed conservatory and private landscaped garden, the children's playroom, the residents' lounge, the bike room, and the central laundry room together produce a full-service amenity baseline. In-unit washer/dryer is permitted (public records confirms this), which materially distinguishes the building from the surrounding cooperative tier (most Beekman / Sutton Place trophy cooperatives prohibit in-unit washer/dryer).
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $59,532/yr
- Per unit / month range
- $0 – $58
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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
- Notable fees
- Move In/Out Fee $0.50 per sq ft; Seller Application Processing Fee $750 ($800 w/o broker)
Inside The Grand Beekman
Recent sales
Recent closings 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 |
|---|---|---|---|---|---|
| Jun 12, 2026 | 25A | 3 BR · 3.5 BA · 2,303 sf | $3,550,000 | $1,541/sf | -9.6% |
| Oct 31, 2025 | 14A | 2 BR · 3 BA · 1,812 sf | $2,300,000 | $1,269/sf | -7.8% |
| Oct 9, 2025 | 7A | 1 BR · 2 BA · 1,131 sf | $1,152,000 | $1,019/sf | -24.5% |
| Jun 30, 2025 | 17A | 2 BR · 2 BA · 1,812 sf | $2,425,000 | $1,338/sf | -6.4% |
| May 2, 2025 | 3E | 3 BR · 3 BA · 1,861 sf | $2,585,000 | $1,389/sf | -2.5% |
| Apr 17, 2025 | 15C | 2 BR · 2 BA · 1,300 sf | $1,750,000 | $1,346/sf | -22.2% |
| Mar 5, 2025 | 21A | 5 BR · 4 BA · 3,300 sf | $4,200,000 | $1,273/sf | -6.7% |
| Jan 10, 2025 | 10A | 3 BR · 3 BA · 1,812 sf | $2,400,000 | $1,325/sf | -9.4% |
Market read. Most recent trades (2026) cleared a median $1,296/sf across 1 sale. Median listing discount 5.6% 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 1-01362-7502) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
The architectural pedigree is structurally distinguishing. Kondylis's most classically detailed commission within the firm's body of work; the limestone-and-cast-stone material specification and the explicit River House homage place the building in a different architectural register from peer contemporary condominium inventory.
The pre-war-influenced interior architecture is real. Ceiling heights 9.5-13 feet, herringbone mahogany flooring, French doors and Juliet balconies, corner bay windows, limestone bathrooms, Viking/Miele/Sub-Zero kitchens — the apartment idiom references the pre-war Park Avenue and Fifth Avenue tradition rather than the contemporary new-construction norm.
The policy framework is permissive. 10 percent minimum down, no traditional flip tax, pied-à-terre permitted, subletting permitted, in-unit washer/dryer permitted, LLC and trust ownership permitted — among the more accessible policy frameworks in the contemporary Manhattan luxury condominium tier.
The 421-a abatement has expired. Property taxes are at full market assessment; True Monthly Carrying Cost analysis should reflect current tax burden on the specific unit.
Subway access requires a three-avenue walk. Closest stations are 51st Street (6 train) and Lexington Avenue / 53rd Street (E, M trains), approximately 0.30 miles west; the building is not adjacent to subway access.
What to know if you’re selling
Marketing should emphasize the architectural pedigree. Kondylis architectural credential; Alexico developer pedigree; explicit River House architectural homage; Scaasi-designed conservatory amenity; limestone-and-cast-stone material specification — a different architectural register from peer contemporary condominium inventory on First and Second Avenues.
Marketing should emphasize the policy framework. The 10 percent minimum down payment, the permitted in-unit washer/dryer (rare in surrounding pre-war cooperatives), the permitted pied-à-terre use, the permissive subletting framework, and the absence of a traditional flip tax — together produce a structurally accessible buyer pool that surrounding cooperative inventory does not have.
Be transparent about the 421-a expiration. Sophisticated buyers will run True Monthly Carrying Cost analysis themselves; transparent disclosure produces stronger transaction outcomes than ambiguous positioning.
Pricing should reference apartment-line-specific comparables. The variation between the A-line (corner, larger, river-view) and the C-D-E-F-line interior configurations is meaningful; recent comparables on the specific apartment line should anchor positioning.
Closing timelines are condominium-fast. Right-of-first-refusal mechanism; 30-45 day pacing typical.
Comparable buildings
If you're considering The Grand Beekman, also evaluate:
- 845 United Nations Plaza (Trump World Tower) — Kondylis 2001; the most direct Kondylis architectural peer (different architectural register; trades at meaningfully more accessible price points)
- 870 United Nations Plaza — landmark UN-corridor cooperative; pre-war-influenced full-service tier
- 50 United Nations Plaza — Foster + Partners 2014; trophy contemporary condominium peer (higher price tier, with pool and valet garage)
- 100 United Nations Plaza — Der Scutt 1986; pyramidal-top condominium peer
- The Beekman Regent (351 East 51st Street) — 1999 conversion of a 1928 former synagogue; immediate cross-street neighbor; smaller boutique conversion
- The Alexander (250 East 49th Street) — 24-story full-service Turtle Bay condominium (rooftop deck, concierge); a contemporary condo alternative a few blocks west
- Three Ten (310 East 53rd Street) — Macklowe-built glass-and-limestone condominium at Second Avenue; newer Midtown East construction
- River House (435 East 52nd Street) — Bottomley 1931; landmarked Art Deco cooperative; the explicit architectural inspiration for The Grand Beekman
- 1 Beekman Place — Sloan & Robertson's 1929 Beekman Place cooperative; the prewar trophy-coop alternative on the cul-de-sac
- 2 Beekman Place — Rosario Candela's 1931 cooperative at the foot of Beekman Place
- 1 Sutton Place South — Cross & Cross's 1927 riverfront Sutton Place cooperative
- 2 Sutton Place South — Emery Roth & Sons' 1938 Sutton Place cooperative
- 45 Sutton Place South (Cannon Point South) — Paul Resnick's 1958 Cannon Point cooperative; postwar, river-facing Sutton Place
- 25 Sutton Place — Rosario Candela's 1928 cooperative at the north end of the Sutton enclave
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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