418 East 59th Street
418 East 59th Street, New York, NY 10022
Sutton Place
BBL 1013700038 · BIN 1072003
- Year built
- 1988
- Type
- Condop
Every recorded sale at this building, 2003–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,133
- Listing discount
- 4.1%
- Recorded sales
- 103
- On record
- 2003–2025
The Grand Sutton is one of the few buildings in the far-eastern reaches of Sutton Place that delivers genuine condo-style flexibility inside a full-service tower. Completed in 1988, it rises 36 stories on East 59th Street near the river, holding just 74 residences — a low-density count for a building of its height that translates into quiet hallways, an unhurried lobby, and an easy relationship with the staff.
Its real distinction is structural. The building is a condop: a cooperative whose proprietary lease and house rules are written to function like a condominium. For buyers, that combination is the headline — the address, staffing, and price point of a Sutton co-op, paired with the latitude condo buyers expect. The result is a building that reads as approachable in a corridor better known for buttoned-up pre-war boards.
The location is its own argument. This is the calm edge of Midtown East: a short walk to the Sutton Place riverfront promenades and Sutton Place Park, with the shops and restaurants of First and Second Avenues immediately at hand, the East 60th Street tram to Roosevelt Island around the corner, and the Lexington Avenue and Q-train stations a few blocks west. Bloomingdale's and the Midtown core are minutes away; the East River is across the street.
Architecture and unit composition
The Grand Sutton is a product of its era — a setback masonry-and-glass tower from the late 1980s, designed to maximize light and river exposure on a lot near the bridge approach. The building is positioned around a landscaped courtyard garden that buffers the entrance from the street and gives the lobby a sense of arrival uncommon at this density.
Inside, the 74 residences favor scale and light. Layouts run from one- to three-bedroom homes, many with windowed kitchens, generous closets, and balconies or private terraces on a number of lines. Higher floors capture open eastern views over the river and the bridge, with western lines looking back across Midtown. Ceilings, light, and proportions reflect a building conceived for full-floor comfort rather than pre-war formality — a contemporary alternative to the corridor's older stock.
Building operations
The Grand Sutton runs as a true full-service building. A 24-hour doorman and concierge staff the attended lobby, a live-in superintendent manages the property day to day, and residents have access to an on-site fitness room, private storage, and the landscaped courtyard garden. The condop structure keeps the operating posture lighter than a traditional co-op without sacrificing the white-glove service that defines the address.
The building's rules reflect that flexibility. It is pet-friendly, welcoming both cats and dogs, and pied-à-terre ownership is permitted — a meaningful allowance in a corridor where many co-ops restrict secondary-home use. The condop framework is investor-friendlier than the surrounding pre-war cooperatives, with a lighter approval posture on purchases and subletting. For buyers who want a full-service Sutton address without the rigidity of a classic board, that combination is the core of the building's appeal.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $89,412/yr
- Per unit / month range
- $0 – $101
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 →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 |
|---|---|---|---|---|---|
| Sep 4, 2025 | THA | 2 BR · 2.5 BA · 2,290 sf | $1,500,000 | $655/sf | -24.8% |
| Aug 25, 2025 | 18B | 3 BR · 3 BA · 1,800 sf | $2,060,000 | $1,144/sf | -4.2% |
| Apr 4, 2025 | 11A | 2 BR · 2.5 BA · 1,400 sf | $1,240,000 | $886/sf | -3.1% |
| May 9, 2024 | 31B | 3 BR · 3 BA · 1,800 sf | $1,950,000 | $1,083/sf | -13.3% |
| Dec 11, 2023 | 26A | 2 BR · 2.5 BA · 1,400 sf | $1,290,000 | $921/sf | -6.2% |
| Aug 22, 2023 | 30B | 2 BR · 3 BA · 1,800 sf | $2,450,000 | $1,361/sf | -9.1% |
| Jul 27, 2023 | 32A | 2 BR · 2.5 BA · 1,400 sf | $1,350,000 | $964/sf | -3.5% |
| Jan 25, 2023 | 30A | 2 BR · 2.5 BA · 1,400 sf | $1,500,000 | $1,071/sf | -3.8% |
Market read. Most recent trades (2025) cleared a median $1,133/sf across 2 sales. Median listing discount 4.1% 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 |
|---|---|---|
| Oct 15, 2003 | 4C | $995,000 |
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 1-01370-0038) 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 condop structure is the reason to look here. Financing is more flexible than at most Sutton co-ops, pied-à-terre and investment purchases are customary, and the approval process is lighter than a pre-war board package and interview. Buyers who want full-service living with the freedom to sublet, hold as a second home, or finance aggressively will find a building built around exactly that flexibility.
Underwrite the home, not just the building. Floor and exposure drive value sharply here — eastern lines with river-and-bridge views and homes with balconies or terraces command a premium over interior western lines. Confirm the line's light and outdoor space, and weigh the monthly carrying cost against the amenity package and staffing you're buying into.
The location rewards a specific buyer: someone who values the quiet of riverfront Sutton Place and the convenience of the Midtown core, and who would rather have new-era layouts and condo-style rules than pre-war formality.
What to know if you’re selling
Lead with the structure. The condop framework — flexible financing, permitted pied-à-terres, a pet-friendly and investor-friendlier posture — is a durable differentiator that widens the buyer pool well beyond what a traditional Sutton co-op can reach. Make that flexibility the centerpiece of the marketing.
Position to the right comparable set. A resale here benchmarks against full-service East Midtown and Sutton condos and condops, not the corridor's pre-war cooperatives — the rules, the year of construction, and the layouts put it in a different lane. River-and-bridge views, balconies, and terraces are the features that move price; lead with them where a home has them.
Time and presentation matter at this density. With only 74 homes, comparable inventory is thin, and a well-prepared, well-priced apartment benefits from limited direct competition inside the building.
Comparable buildings
If you're considering The Grand Sutton, these nearby full-service buildings are worth evaluating:
- 2 Sutton Place South — Emery Roth & Sons's 1938 Sutton Place cooperative
- 20 Sutton Place South — full-service Sutton co-op
- 25 Sutton Place South — pre-war Sutton cooperative
- 45 Sutton Place South — postwar Sutton co-op tower
- 430 East 58th Street — nearby East Midtown building
- 60 Sutton Place South — the Sixty Sutton Corp. cooperative
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Sutton Place — read The Roebling Team Guide to Sutton Place.
Considering a move at The Grand Sutton?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Grand Sutton 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.