Plaza 400, 400 East 56th Street

Co-op located in Beekman/Sutton Place, between First Avenue & Sutton Place

Description of Plaza 400 at 400 East 56th Street

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 Facts

Year Built: 1968

Building Type: Co-op

Neighborhood: Beekman/Sutton Place (Manhattan)

Minimum Down: 40%
Total Apartments: 591 591

Total Floors: 40

Doorman: FT Doorman

Pets: Not allowed

Total Floorplans:

Apartment Pricing Stats

$850

Avg. Price / ft²

Apartments for Sale (20)

$941

Avg. Price / ft²

Recent Sales (31)

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 (20) View history of all units

20

Available Apts

$555K - $1.44M

Price Range

$850

Avg. Price / ft²

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Plaza 400: Rating

31

Out of 44

+

25

Out of 36

+

21

Out of 39

+

9

=

86

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

Carter Horsley's Review of Plaza 400

"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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