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AKA Sutton Place

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AKA Sutton Place

330 East 56th Street, Midtown East, New York, NY 10022

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Hospitality
$52.5M
Sale Price
76 Keys
Building Size
$690,789
Price / Key
Q3 2017
Closing Date

The Story

Originally sold out of Glenwood Management to Alchemy Properties as a conversion play, the asset found its highest and best use when Alchemy subsequently sold it to a long-term stay suite hotel operator, a transaction that followed the building through multiple hands and ultimately landed it in the right operational home.

Property Highlights

  • 17-story pre-war asset featuring 76 one and two-bedroom apartments plus a collection of brand-new penthouse suites on the top three floors
  • 24-hour doorman, business center, 55-floor heated pool, fitness center, and residents lounge

Deal Team

Eric Anton