Market Overview for September, 2024
Median Sale Price
9.9% YoY
Median Price/Sqft
1.3% YoY
No. of Transactions
-17.9% YoY
Manhattan Median Sale Price
23% YoY
What is the median sale price and median price per sq ft in Sutton Place?
In September, the median home sale price in Sutton Place was $775K, a 9.9% increase year-over-year.
A total of 32 properties changed hands, representing a 17.9% contraction compared to the same month last year.
The median price per square foot as of September was $861, a 1.3% YoY change.
In Manhattan, the median home sale price was $1.2M.
Top most expensive neighborhoods in Manhattan
Sutton Place median price compared with other neighborhoods in Manhattan
Property values in Sutton Place are lower compared to the borough of Sutton Place overall.
Sutton Place median price compared with all the neighborhoods in Manhattan
Neighborhood | Borough | Median Sale Price |
---|---|---|
Hudson Yards | Manhattan | $8,004,000 |
SoHo | Manhattan | $5,800,000 |
NoHo | Manhattan | $4,950,000 |
Chinatown | Manhattan | $3,725,137 |
TriBeCa | Manhattan | $2,800,000 |
Central Park South | Manhattan | $2,217,500 |
Carnegie Hill | Manhattan | $2,005,000 |
Two Bridges | Manhattan | $1,830,889 |
Flatiron District | Manhattan | $1,695,000 |
Gramercy Park | Manhattan | $1,608,835 |
Theatre District - Times Square | Manhattan | $1,581,000 |
NoMad | Manhattan | $1,580,000 |
West Village | Manhattan | $1,482,500 |
Chelsea | Manhattan | $1,460,000 |
Greenwich Village | Manhattan | $1,300,000 |
Upper West Side | Manhattan | $1,225,000 |
Hudson Square | Manhattan | $1,220,000 |
Battery Park City | Manhattan | $1,185,000 |
Morningside Heights | Manhattan | $1,175,000 |
Lincoln Square | Manhattan | $1,175,000 |
Lenox Hill | Manhattan | $1,162,500 |
Central Midtown | Manhattan | $962,500 |
Clinton - Hell's Kitchen | Manhattan | $950,000 |
Manhattan Valley | Manhattan | $946,500 |
Kips Bay | Manhattan | $940,000 |
Financial District | Manhattan | $922,226 |
Yorkville | Manhattan | $899,500 |
Harlem | Manhattan | $888,969 |
East Village | Manhattan | $857,500 |
Roosevelt Island | Manhattan | $850,595 |
Lower East Side | Manhattan | $830,000 |
Sutton Place | Manhattan | $775,000 |
Murray Hill | Manhattan | $739,000 |
Turtle Bay | Manhattan | $710,000 |
East Harlem | Manhattan | $600,000 |
Washington Heights | Manhattan | $400,000 |
Inwood | Manhattan | $398,250 |
Tudor City | Manhattan | $385,000 |
Residential Properties Sold in Sutton Place
Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
Condos | $1M | 24.8% | $917 | -33.3% | 5 |
Coops | $705K | 8.5% | $812 | 0.2% | 27 |
Houses | - | - | - | - | 0 |
The median condo price in Sutton Place in September was $1M, up 24.8% year-over-year. Median coop sale price in Sutton Place were $705K, a change of 8.5% year-over-year. There was no statistically significant data for median house sale price activity for the period of September in Sutton Place.
See also
Manhattan Commercial Market Trends
Manhattan Multifamily Market Trends
Manhattan Retail Market Trends
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Sutton Place Neighborhood Guide
Sutton Place was originally Effingham B. Sutton's place. The shipping merchant built brownstones on the Upper East Side between 57th and 58th streets in 1875. Not many of his fellow tycoons followed and the area became run-down over the years. That changed in the 1920s with the arrival of landowners with names like Vanderbilt and Morgan. Sutton Place is now a destination neighborhood for the rich and famous - the street that is Sutton Place proper begins with the residence of the Secretary General of the United Nations. Over the years your neighbors on the blocks between 53rd Street and 59th Street would have included Marilyn Monroe, Michael Jackson, Aristotle Onassis, Bill Blass, Joan Crawford, Mario Cuomo, I.M. Pei and many more.
Architecture and landmarks
There is something to catch the eye on nearly every block in this compact enclave on the Upper East Side. The streetscape even boasts a cobblestone street at Riverview Terrace which you don't come across much outside of Lower Manhattan. One Sutton Place South is a 1920s apartment house that was a signature design of then-architect to the stars Rosario Candela. A Georgian Revival townhouse commissioned by Anne Morgan, daughter of financier J.P. Morgan, at the corner of Sutton Place and East 57th anchors a block of elegant residences, several by Mott Schmidt. Several art galleries dot the neighborhood and shoppers of a particular inclination can stop at the Casa de Montecristo cigar club for a taste of a different era.
Transport
Thanks to its handy location near Midtown, by the time many of Sutton Place's residents have walked to the subway stations on the 4, 5, and 6 lines at Lexington they are likely already near work. The R and M lines run east onto Long Island and south to Lower Manhattan. The newly opened Second Avenue line is making subway usage even more convenient in the neighborhood. The M15 bus plies First and Second avenues.
Schools
Elementary students in Sutton Place can start in P.S. 59, Beekman Hill International. M630, the Art and Design High School, serves grades nine through 12 and special education. To the north, M459, Manhattan International High School, and the college-prep Vanguard High School both draw Sutton Place students. There are many nearby private school options including the Browning School for boys that began in 1888 and the Cathedral High School for girls that opened its doors in 1905. As for private school options the Garden House School of NY at 40 Sutton Place is an independent pre-school that gets children reading and writing before they reach kindergarten.
Health
There are medical care options nearby at Lennox Hill Hospital and NYU Hospital of Columbia and Cornell. For more pressing attention the MedRite Urgent Care walk-in clinic operates in neighboring Turtle Bay.
Safety
As part of the 17th Precinct, Sutton Place recorded 12.64 crimes per 1,000 residents in 2016, making the neighborhood one of the safest in Manhattan.
Things to do
One of the most important things money buys in Manhattan is peace and quiet, and so Sutton Place leaves the things to do to surrounding areas. On the western edge along First and Second avenues a number of popular bars and restaurants have congregated to give the neighborhood an injection of young-leaning nightlife.
The Sutton East Tennis Club gets play all year long in a bubble underneath the 59th Street Bridge. The 54th Street Recreation Center operates out of a 1911 Neo-Georgian gymnasium on East 54th Street. Don't expect any frills in the cardio room here, but with a $75 annual membership it may be the biggest bargain in Sutton Place.
Sutton Place Park is a loosely tethered string of five pocket parks (there is not an official connection) along the East River that are perfect for strolling, relaxing and taking in the long river views. Central Park is just a few blocks to the northwest.