New York (Sutton Place), NY, 10022 | $525,000

Bright, beautifully renovated, and perfectly positioned, Residence 10G at 240 East 55th Street is a move-in ready one-bedroom offering double exposures, abundant natural light, excellent closet space, and an unbeatable Midtown East location where the best of Manhattan is always within easy reach.

Perched on a high floor, this inviting home enjoys sunlight throughout the day from its dual exposures. The thoughtfully renovated interior features a spacious living and dining area, a well-appointed kitchen, a well-proportioned bedroom, and multiple large closets that provide exceptional storage rarely found in a one-bedroom home.

What truly sets this residence apart is its location. Positioned between the charm of Sutton Place and the energy of Midtown, this is one of those rare Manhattan addresses where everything feels close. Whether you're heading uptown for a morning run in Central Park, strolling along the East River Promenade, commuting to the office, or meeting friends for dinner downtown, getting there is effortless. Whole Foods, Trader Joe's, neighborhood cafés, restaurants, and multiple transportation options are all just moments away.

240 East 55th Street is a sought-after cooperative offering doorman service, a live-in superintendent, full-time porter/handyman, laundry facilities, and complimentary storage and bike storage for shareholders. Ownership flexibility includes unlimited subletting after one year of ownership, no flip tax, and the ability to purchase through certain trusts and entities with board approval. Financing is permitted up to 75%.

Offering the perfect balance of comfort, convenience, and value, Residence 10G is an exceptional opportunity to enjoy easy Manhattan living in one of the city's most connected neighborhoods.

Features

  • Town: New York
  • Levels: 14
  • Rooms: 2
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Building Other
  • Year Built: 1963
  • Common Charge: $1,445 Monthly
  • View: City
  • Pet Policy: Building Yes,Yes
  • MLS#: RLS20094526
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/RLS20094526/240e55thstreet_newyork_ny?source=qrflyer
Copyright © 2026  The Real Estate Board of New York, Inc., All rights reserved
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Douglas Elliman Real Estate   Phone: (212) 891-7000

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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New York (Sutton Place), NY, 10022

$525,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $420,000 $420,000 $420,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.866%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,515 $2,620 $3,460
Total Monthly Payment $2,607 $2,712 $3,552

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.