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Listing Courtesy of Serhant
$1,695,000
Est. payment /mo
2 Baths
3,257 SqFt
Active
400 E 56TH Street #MEDICAL Manhattan, NY 10022
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Key Details
Property Type Cooperative
Sub Type coops
Listing Status Active
Purchase Type For Sale
Square Footage 3,257 sqft
Price per Sqft $520
Subdivision Sutton Place
MLS Listing ID RLS20087931
Full Baths 2
HOA Fees $9,600/mo
HOA Y/N Yes
Year Built 1969
Property Sub-Type coops
Property Description
Unlock unparalleled flexibility in the heart of Sutton Place with this expansive 3,257-square-foot unit. Situated on the ground floor of the prestigious Plaza 400, this property is a rare "unicorn" in the Manhattan market: a legally zoned live/work co-op. Whether you are a medical professional seeking a flagship practice, an entrepreneur looking to eliminate a commute, or a savvy investor, this property offers a footprint and utility that are nearly impossible to find in the current inventory. The space is defined by its versatility and scale, featuring two distinct entrances to maintain a professional boundary. Clients and patients can utilize the private street-level entrance, while the residential side is accessed through the building's elegant, white-glove lobby. Currently configured as a high-capacity medical suite, the layout is optimized for efficiency with multiple exam rooms, a dedicated reception area, and administrative zones. For those seeking a premier residential footprint, we have developed a proposed floor plan demonstrating how a portion of the space can be seamlessly reimagined into a sprawling 3-bedroom, 3-bathroom luxury residence while still maintaining a fully functional professional wing. This property represents a powerful financial strategy, priced significantly below the average Midtown Manhattan price per square foot. By consolidating a luxury residence and a professional office into a single mortgage, owners can eliminate separate commercial rent, capitalize on significant tax advantages, and build long-term equity in a high-value asset. Triple exposures to the south, east, and west ensure the expansive interior remains bright and inviting throughout the day. Plaza 400 is a world-class, self-managed co-op offering a lifestyle of convenience and prestige. Residents enjoy access to the Skytop Club, featuring a seasonal rooftop pool and lounge with 360-degree views of the skyline and East River. The building provides comprehensive service with a 24-hour doorman, concierge, and on-site management. Additional amenities include a state-of-the-art fitness center, children's playroom, on-premises valet garage, and bike storage. Notably, the monthly maintenance is all-inclusive, covering central air, heat, and electricity. Located in the quiet, tree-lined enclave of Sutton Place, the building is minutes from the city's leading hospitals, corporate headquarters, and premier dining, providing a peaceful escape without sacrificing Midtown access. The co-op permits pied-à-terre use and guarantors. All floor plans, dimensions, and conversion configurations are approximate estimates only and should be independently verified by the buyer and their architect or professional consultant.
Location
Rooms
Basement Other
Interior
Cooling Central Air
Fireplace No
Laundry Building Other, Washer Hookup, In Unit
Exterior
Exterior Feature Building Roof Deck
Pool Building None
View Y/N Yes
View Other
Porch None
Private Pool Yes
Building
Dwelling Type High Rise
Story 40
New Construction No
Others
Pets Allowed Pets Allowed
Ownership Stock Cooperative
Monthly Total Fees $9, 600
Special Listing Condition Standard
Pets Allowed Building Yes, No
Virtual Tour https://www.youtube.com/watch?v=7dWaLidRPEQ
RLS Data display by New York (LondonFosterNY.com)
Nearby Locations
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