440 East 62nd Street (The Park Sutton)
440 East 62nd Street, New York, NY 10065
- Year built
- 1960
- Type
- Cooperative
- Units
- 147
- Floors
- 19
- Landmark
- No
- Amenities
- 24-hour doorman, live-in resident manager, on-site garage (25 garage spaces carry share allocations under the offering plan), landscaped roof deck, central laundry, bike room, private storage; central heating and air conditioning per listing records
- Pets
- Records conflict — some listing records describe the building as pet-friendly, others state pets are not permitted; verify current policy with the managing agent before offering
- Financing
- 75 percent maximum (25 percent minimum down) per listing records
The Park Sutton holds the corner where Lenox Hill's hospital corridor meets the Sutton Place orbit: a 19-story red-brick co-op at York Avenue and 62nd Street, across the avenue from Rockefeller University and across the street from the raised gardens of Sutton Terrace. That positioning does two structural things for the apartments. First, height and corner exposure — 19 floors was and remains tall for this stretch of York, and upper-floor east and south lines carry East River, bridge, and skyline views. Second, protected light: the Rockefeller University campus across the avenue and the gardens opposite on 63rd are low, open frontages that cannot plausibly be built out.
The conversion paperwork is on file in The Roebling Research Library, and it contains details that matter at contract. The offering plan — first offered March 22, 1982, sponsored by York & 62nd Sponsor Corp. — allocated 15,474 shares across 143 apartments and 25 garage spaces. Garage spaces carrying their own share allocations is a distinctive structure: parking here is owned co-op property rather than a month-to-month license, which affects both value and transferability and should be understood precisely by any buyer who wants a space. The by-laws on file include cumulative voting for directors — a minority-shareholder protection that most Manhattan co-op by-laws omit — along with the standard governance machinery your attorney will review.
As a market proposition, the building is the full-service value play of its micro-market: 24-hour door staff, live-in resident manager, on-site garage, roof deck, and river-view lines at pricing in the $700s per square foot per listing records — a wide discount to both the Sutton Place trophy co-ops five blocks south and the newer condo stock that has filled in the East 60s. The trade-offs are knowable and priced in: York Avenue traffic feeding the FDR's uptown entrance, and a longer walk to the Lexington Avenue trains.
Architecture and unit composition
Architectural records attribute the design to Leo Stillman, whose post-war practice ran from 1930s Art Deco through the brick apartment slabs of the 1950s and 1960s; the Park Sutton is late-period Stillman — a red-brick mass dressed at street level with a one-story white marble base and a stainless-steel marquee. City records log an alteration in 1987, in the conversion era. The roughly 147 apartments run from studios through three-bedroom configurations, with select terraced lines and combination units (the original plan's 143 apartments have been recut over four decades). Layouts are efficient post-war stock: foyers, dining alcoves, and long living rooms, with the premium inventory in the upper-floor B/C-line corners where river and bridge views open up. Central heating and air conditioning per listing records removes the window-unit clutter common to the vintage.
Building operations
Full-service: 24-hour doorman, live-in resident manager, porter staff, central laundry, bike room, private storage, roof deck, and the on-site garage whose 25 spaces trade under co-op share allocations per the offering plan. The building runs as an established, conservatively governed house; the by-laws on file set annual shareholder meetings each May and cumulative voting for the board. Current financial statements should be reviewed by counsel during diligence — we provide the conversion documents from The Roebling Research Library as the baseline.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $104,443/yr
- Per unit / month range
- $0 – $59
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Nov 12, 2025 | 11E | $645,000 |
| Jul 18, 2025 | 17G | $507,000 |
| Apr 25, 2025 | 5C | $800,000 |
| Nov 26, 2024 | 10E | $620,000 |
| May 31, 2024 | 10A | $700,000 |
| Apr 3, 2024 | 10C | $600,000 |
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 1-01456-0026) 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.
What to know if you’re buying
Underwrite the garage correctly. The 25 garage spaces carry share allocations under the offering plan — ownership economics, not a parking license. If a space conveys with the apartment or is separately available, your attorney should confirm the share structure, maintenance allocation, and transfer mechanics precisely. It is a genuine asset in a neighborhood where parking is scarce.
Resolve the pet question before you fall in love. Listing records genuinely conflict on whether pets are permitted. If a pet is part of your household, get the current house rules in writing from the managing agent before offering — not after.
Views are line-and-floor specific, and durably protected. Rockefeller University and the Sutton Terrace gardens protect the east and north outlooks; the bridge and river views from upper floors are the building's premium product. Price the specific exposure, not the building average.
Transit and traffic are the structural discounts. The N/Q/R/4/5/6 at 59th–Lexington and the F at 63rd are roughly a half-mile walk, the Roosevelt Island Tram is nearby, and York Avenue carries FDR-bound traffic. The pricing already reflects this — make sure your own commute math does too. Run the True Monthly Carrying Cost Calculator on the full picture.
The board framework is moderate, not forbidding. 25 percent minimum down, sublets after two years with approval, and a documented posture accommodating pieds-à-terre, co-purchasing, gifting, and guarantors per brokerage records. Prepare the package accordingly — run the Co-op Board Qualification Calculator first.
What to know if you’re selling
Lead with the view stack and the garage. River-and-bridge exposure plus owned parking is a combination few buildings in the tier can match. If your unit has either, the marketing should be built around it; if it has both, around nothing else.
Position against Sutton Place, not against the avenue. Your buyer is often someone priced out of, or unwilling to face, the stricter boards south of the bridge. The pitch is the same river orbit with moderate co-op mechanics at a structural discount — name the policies in the marketing.
Be precise about the conflicting records. Pets and current sublet terms are inconsistently reported across public records; a listing that states the current rules accurately (sourced from the managing agent) clears faster and survives attorney review. We document the policy stack from the building's own materials before going to market.
Comparable buildings
If you're considering 440 East 62nd Street, also evaluate:
- 425 East 58th Street (The Sovereign) — the post-war prestige tower south of the bridge; the step-up in scale and price
- 1 Sutton Place South — the corridor's pre-war trophy co-op; the blue-chip alternative
- 2 Sutton Place South — post-war full-service Sutton co-op with river frontage
- 35 Sutton Place — post-war co-op peer in the Sutton orbit
- 400 East 59th Street — the close-in post-war co-op alternative near the bridge
- 300 East 59th Street (The Landmark) — post-war co-op at Second Avenue; the transit-convenient alternative
- 425 East 63rd Street (The Royal York) — large full-service co-op one block north
- 435 East 65th Street — the mid-block Lenox Hill co-op three blocks north; similar tier with a no-flip-tax framework
- 167 East 61st Street (Trump Plaza) — the post-war condop alternative toward Third Avenue
The Roebling Team at The Park Sutton
The Roebling Team at Compass works Lenox Hill, the Sutton Place corridor, and the broader Upper East Side as a core practice area. We publish this building profile because York Avenue buyers and sellers deserve building-specific intelligence — conversion documentation, governance detail, and corridor-level comparables — not generic neighborhood commentary.
If you're considering a transaction at 440 East 62nd Street, a 30-minute consultation is the right starting point.