- Year built
- 1970
- Type
- Condominium
- Units
- 228
- Floors
- 31
- Landmark
- No
- Pets
- Permitted with board approval (generally one dog up to approximately 35 lb per unit); stricter policy for renters — confirm at offer stage
- Subletting
- Permitted under condominium rules — confirm current policy at offer stage
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,137
- Listing discount
- 2.6%
- Recorded sales
- 227
- On record
- 2004–2026
The Revere is a 31-story full-service condominium at the corner of First Avenue and East 54th Street, in the Sutton Place quadrant of Midtown East. Built in 1970 to a design by H.I. Feldman and converted from a rental building to a condominium in 1987, the building is a substantial, well-staffed residence anchored by two features that continue to serve its residents: an on-site parking garage — a real convenience in Midtown Manhattan — and a landscaped outdoor courtyard with seating and a children's playground, entered through a raised plaza that is a registered privately owned public space (POPS).
The building's Sutton Place–adjacent position places it in one of Midtown East's quieter, more residential pockets, close to the East River and the FDR Drive while removed from the density of the Midtown core.
Architecture and unit composition
The 228 apartments span 31 floors and range from studios to larger family layouts. The 1970 building carries the solid, efficient floor plates of its era, and the conversion in 1987 established the condominium structure that governs it today. Upper-floor units on the east side carry East River exposures. The raised plaza entrance and the interior landscaped courtyard give the building a green, set-back arrival experience uncommon for a Midtown corner lot.
Building operations
The Revere operates as a full-service condominium with a 24-hour doorman and concierge and a live-in superintendent. The on-site parking garage — often available to owners at a discount — is a defining amenity, along with the bike room, central laundry, and private storage. Carrying costs follow the ordinary condominium structure of common charges and real property taxes. Buyers should obtain current figures and review the building's financials and reserve position during diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $113,818/yr
- Per unit / month range
- $0 – $42
Facade safety — Local Law 11
An active hazard: the building must keep a sidewalk shed up and make repairs now — expect construction, disruption, and a likely special assessment. We’d get you the repair scope and the building’s funding plan up front, so you go in knowing exactly what’s underway and what it’s likely to cost.
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
- Short Term Rentals Not Allowed; lease terms 1-2 yrs, renewals 1 yr only
- Pied-à-terre
- Allowed
- Notable fees
- No pets for tenants (strictly enforced); Application Fee $600 sale/$500 lease; Move-In Fee $300
Recent sales
The Revere trades as a full-service Sutton Place condominium at pricing that reflects its staffing, garage, and quiet residential position. Recent closings have generally run in the range typical for well-run Midtown East condominiums of its vintage, with floor, exposure, and view driving the variation across the building. The on-site garage and the courtyard are the building's clearest pricing differentiators against peer Midtown East product. Current apartment-level comparable analysis is the right basis for any pricing decision.
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 30, 2026 | 8A | 1 BR · 1.5 BA · 1,053 sf | $925,000 | $878/sf | -2.5% |
| Jun 8, 2026 | 22D | 1 BR · 622 sf | $810,000 | $1,302/sf | off-mkt |
| May 13, 2026 | 26D | 1 BR · 1 BA · 625 sf | $787,000 | $1,259/sf | -1.0% |
| Apr 28, 2026 | 25A | 2 BR · 2 BA · 1,053 sf | $1,475,000 | $1,401/sf | -1.7% |
| Mar 27, 2026 | 19H | 1 BA · 560 sf | $675,000 | $1,205/sf | -2.9% |
| Feb 26, 2026 | 27B | 1 BR · 1.5 BA · 900 sf | $999,000 | $1,110/sf | -8.8% |
| Feb 13, 2026 | 31C | 2 BR · 2 BA · 1,230 sf | $1,385,000 | $1,126/sf | -6.1% |
| Dec 5, 2025 | 5F | 2 BR · 2 BA · 1,003 sf | $1,500,000 | $1,496/sf | -3.1% |
Market read. Most recent trades (2026) cleared a median $1,137/sf across 7 sales. Median listing discount 2.6% 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 1-01365-7502) 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 garage is a real amenity. On-site parking is uncommon and valuable in Midtown; confirm availability, cost, and any owner discount.
Confirm the pet policy. The building permits pets with board approval but applies weight limits and a stricter standard for renters; confirm the current policy against any specific plans.
Sutton Place quiet is the draw. The building sits in one of Midtown East's more residential pockets near the East River; confirm exposure and view for any specific apartment.
Condo flexibility applies. 30–45 day closings are typical; pied-à-terre and investor use are generally permitted — confirm current policy at offer stage.
What to know if you’re selling
Lead with the garage and the courtyard. Both distinguish The Revere from anonymous Midtown East towers; make them central to the marketing.
The full-service staffing is a genuine selling point. 24-hour doorman, concierge, and live-in super appeal to primary-residence buyers.
Price at the apartment level. Floor, exposure, and view drive substantial variation across the building's 228 units.
Comparable buildings
If you're considering 400 East 54th Street, also evaluate:
- 966 First Avenue (Sutton Manor) — nearby Sutton Place condominium with attached garage and fitness center
- 250 East 40th Street (The Highpoint) — Murray Hill condominium with indoor pool and private balconies
- 132 East 35th Street (Murray Hill House) — full-service Murray Hill cooperative with roof deck and garage
The Roebling Team at The Revere
The Roebling Team at Compass publishes this building profile because Midtown East and Sutton Place buyers and sellers deserve building-specific intelligence — architecture, amenities, carrying-cost mechanics, and apartment-level pricing — not generic market commentary. If you're considering a purchase or sale at 400 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 — 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 Midtown East — read The Roebling Team Guide to Midtown East.
Get the full picture on this building.
The full comp set, a private valuation of your line, or current and off-market availability — sent to you directly.
Own an apartment here? See what it would sell for.
A broker’s honest answer to three questions — what your apartment would likely sell for today, what it costs to sell, and what you’d walk away with — for your apartment at The Revere, in this market. Put together by a person, not an algorithm.