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

$901

Avg. Price / ft²

Apartments for Sale (22)

$907

Avg. Price / ft²

Recent Sales (9)

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.

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

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

Available Apts

$515K - $2.9M

Price Range

$901

Avg. Price / ft²

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Rating

Out of 44

Out of 36

Out of 39

#14 Rated co-op - Midtown
#7 Rated co-op - Beekman/Sutton Place

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Carter Horsley's 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."

"White Glove, Full Service Building, Swimming pool, gym, roof deck, indoor skytop club. A magnificent East Side coop, Plaza 400 features a grand entrance framed by a lovely garden, fountain and beautifullandscaping. The beautiful marble lobby has an historic 1840`s chandelier and classically elegant decor. Must have very good financials, 40% down Great location, Neighborhood, known as Beekman/Sutton, midtown East, near # 6 train, and decorating district, Bloomingdales, Food Emporium under the 59th St. Bridge, the best local restaurants, near FDR Drive, quiet street off 1st Ave."

"Great Building and great pool activities gym."

"I live in this 580 aparment 40 story building. It has a new gym, an outdoor heated pool on the roof, a party room . Hallways are about to be redecorated soon. Board has set up difficult financial qualifications to buy in the building but if you meet them, they are quite reasonable to deal with. Sutton area. The closest subway is at 53rd and Third (E and V)or 59th and Lex ( 6 or N, R and W)"

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Area Map | StreetView

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Subways

at Lexington Ave and 53rd 0.32 miles

at 3rd Ave and 60th 0.44 miles

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Sales History

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Sales Summary - Past 12 Months

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Past 12 Months

$988,933

Avg. Price
Based on 15 Sales

Closing History - Last 10 sales

Units Sold

$475K - $1.6M

Price Range

$885

Avg. Price / ft²

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Pricing Comparison of Similar Buildings

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In The Neighborhood: What’s Available & Sales Stats

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403 Available for Sale
$991 Avg. Price / Ft²
$1,896,558 Avg. Price
$1,175,000 Median Price

Most Expensive 1 Sutton Place South Apt PH | $45,000,000
Least Expensive Sutton House Apt 1AC | $249,000

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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.

98 Total Sales
$887 Avg. Price / Ft²
$1,249,508 Avg. Price
$995,000 Median Price

Most Expensive 4 Sutton Place Apt 10/11 | $8,268,075
Price / ft² $1,503
Least Expensive 4 Sutton Place Apt 1B | $300,000
Price / ft² $545

Plaza 400 in the News

From Great Listings Steals & Deals from $450K includes a 3-bed Uptown loft with barrel-vaulted ceilings and renovated kitchen

By CityRealty Staff Thursday, July 1, 2021

From Great Listings Price Cuts: Reduced listings include homes of Eleanor Roosevelt, Harry Winston, and Stephen Ross

By CityRealty Staff Wednesday, June 30, 2021

From Great Listings Steals & Deals under $1.2M: Manhattan apartments with a washer/dryer, outdoor space, and fitness center access

By CityRealty Staff Thursday, May 20, 2021

From Get To Know How a Permanent Move to Remote/Hybrid Workplaces Could Transform NYC + Listings with Outdoor Space and Home Offices

By Cait Etherington Wednesday, April 14, 2021

Steals & Deals: New listing bargains as residential market recovery takes hold (Mar 5, 2021)
NYC Doorman Buildings: The benefits of having an attended lobby (Jan 28, 2021)
NYC's top price cuts include Richard Rodgers' former East Side penthouse slashed by $2.5M (Jan 20, 2021)
NYC price cuts include Seaport loft with patio reduced by $300K (Dec 16, 2020)
Motivated Sellers: NYC bargains from $219K in the great buyer's market of 2020 (Sep 22, 2020)
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This Week's Biggest NYC Price Cuts Under $1 Million Include Murray Hill Condo with Private Balcony and $220K Reduction (Mar 28, 2019)
Manhattan New Listing Deals Include a Beekman 2-Bed Co-op for $699K (Nov 19, 2018)
This Week's Best Deals Include a Carnegie Hill Co-op with Storage Loft for $565K (Jun 29, 2018)
New Listings: Beautiful NYC Co-ops with Awesome Views (Feb 1, 2018)

Alternate Addresses

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

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Plaza 400, 400 East 56th Street

Between First Avenue & Sutton Place

Key Details

Description

Building Amenities

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

Rating

Architecture Rating: 31 / 44

Location Rating: 25 / 36

Features Rating: 21 / 39

CityRealty Rating Reference

Carter Horsley's Review

Broker & Buyer Comments

Area Map | StreetView

Subways

Video

Sales History

Sales Summary - Past 12 Months

Closing History - Last 10 sales

Pricing Comparison of Similar Buildings

In The Neighborhood: What’s Available & Sales Stats

Plaza 400 in the News

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