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A blog from CityRealty (Links below will take you to the 6sqft site)

Plaza 400, 400 East 56th Street

Between First Avenue & Sutton Place

Key Details

  • Year Built 1968
    Building Type Cooperative
    Neighborhood Beekman/Sutton Place
  • Total Apartments 591
    Total Floors 40
    Doorman FT Doorman
    Pets Not allowed
Avg. Price / ft2
$40
Avg. Price / ft2
Avg. Price / ft2

Description

The Plaza 400 is a 40-story, 591-unit cooperative located at 400 East 56th Street in the Beekman/Sutton Place enclave. Utilities are included in the maintenance, and shareholders are eligible for discounts at the direct access garage and on Spectrum Triple Play (landline, cable, and internet service). Amenities include a circular covered entryway, renovated lobby, 24-hour doorman/concierge service, a rooftop pool with deck and 360-degree views, state-of-the-art fitness center, residents' lounge, children's play room, bike room, laundry room, and storage bins, to name a few.

The building permits pied-a-terres, co-purchasing, and guarantors. Subletting is permitted subject to board approval. Washer/dryers and pets are not allowed.

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Building Amenities

  • Concierge
  • FT Doorman
  • Post War
  • Resident Storage
  • Full Service Garage
  • Health Club
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Mail Room
  • Children's Playroom
  • Fitness Center
  • On-Site Parking
  • Outdoor Entertainment Space
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

Apartments for Sale at 400 East 56th Street (22)

22
Available Apts
$465K - $3.5M
Price Range
$869
Avg. Price / ft2
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Apartments for Rent at 400 East 56th Street (1)

1
Available Apts
$3,100
Prices Start At
$40
Avg. Price / ft2
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Rating

31
Out of 44

Architecture Rating: 31 / 44

+
25
Out of 36

Location Rating: 25 / 36

+
21
Out of 39

Features Rating: 21 / 39

+
9
=
86

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #14 Rated co-op - Midtown
  • #7 Rated co-op - Beekman/Sutton Place
 

Carter Horsley's Review

Carter Horsley's Building Review
"This 40-story apartment tower at 400 East 56th Street was one of the tallest in the Sutton Place area when it was erected in 1968 with 628 rental apartments.

It is known as Plaza 400 and was converted to co-operative apartments in 1981 and now has 581 apartments.  It is also known as 401-415 East 55th Street and 1006-1020 First Avenue." Read Carter's Full Review
Pros
  • Many excellent midtown and East River views
  • Great landscaping
  • Storage rooms
  • Health club with swimming pool
  • Spectacular roof deck
  • Fairly quiet location
  • Very close to Sutton Place
  • Garage
  • Doorman
  • Concierge
  • Impressive lobby
Cons
  • Neighborhood could use more charm
  • Apartments are conventional is layout and size
  • Very large building with many apartments

Broker & Buyer Comments

"Plaza 400 is a 40 stories, white glove cooperative with 17 units per floor and many has been combined. It is considered one of the 10 finest cooperatives in New York and is financially solid. No subleasing and no pets. Beautiful appointed entrance with a water fountain, a lobby with a magnificent 1840`s chandelier that was from an Indian Palace. The floor corridors are beautifully appointed and the elevators are used for passengers only. White glove service with a doorman, concierge, and a mail room with its staff. The package room receives all your deliveries through the entrance on 55th street which is also served by a security guard. Deliveries to apartments of food is only accepted and delivered by the delivery elevator.There is a garage on the building. There is a Skytop Club with outside pool with a health club that offers yoga classes at a minimum cost and trainers are availble. In the summer the Skytop Club offers luncheon with frequent activities are given for residents, guests, and special ones for the children. There is a weekly movie year round on the building showing the latest pictures with complementary sodas and popcorn. Plaza 400 is a fully self managed building with an administrator, clerical staff, a super and with a staff ready to assist the tenants immediately. The maintenance includes electricity, gas, and basic cable provided at a low cost for tenants. This is not an easy board but reasonable once the buyer is ready to submit the required package. A great neighborhood off Sutton Place which is considered once of the most desirable in the City of New York. It is close to fashionable stores on 57th street, Fifth Avenue and Madison Avenue, close to Bloomingdales, great restaurants, neighborhood shops, boutiques and access to buses going east to west and north to south.Walking distance to the subway. Easy access to river crossing to the airports."
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More Neighborhood Info

Subways

  1. 6
  2. M
  3. E
at Lexington Ave and 53rd 0.32 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
at 3rd Ave and 60th 0.44 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$993,375
Avg. Price
Based on 8 Sales
 

Closing History - Last 10 sales

10
Units Sold
$450K - $1.6M
Price Range
$961
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 300 Available for Sale
  • $988 Avg. Price / Ft2
  • $1,947,933 Avg. Price
  • $1,295,000 Median Price
  1. Most Expensive 1 Sutton Place South Apt PH | $45,000,000
  2. Least Expensive Sutton Manor East Apt 11A | $358,000
Not enough data available to generate chart.
  • 47 Available for Rent
  • $51 Avg. Price / Ft2
  • $4,614 Avg. Price
  • $3,500 Median Price
  1. Most Expensive The Sovereign Apt 33H | $15,000
  2. Least Expensive Sutton Gardens Apt 4K | $1,850
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 67 Total Sales
  • $903 Avg. Price / Ft2
  • $1,231,595 Avg. Price
  • $950,000 Median Price
  1. Most Expensive 4 Sutton Place Apt 10/11 | $8,268,075
    Price / ft2 $1,503
  2. Least Expensive 4 Sutton Place Apt 1B | $300,000
    Price / ft2 $545

Alternate Addresses

  • 1006 1 Avenue
  • 400 B 56th Street
  • 401 East 55th Street

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