Sutton Place
Thinking of selling your home on Sutton Place?
It may be the perfect time.
The Manhattan real estate market is approaching a peak. According to the StreetEasy, the median price for Manhattan residential real estate grew at the slowest rate since April 2012. Sales in $10 million & over category are virtually stagnant and we expect that to start hitting the rest of the market in the coming months.
What does that mean for Sutton Place? If you've been considering putting your home on the market—to realize gains, to trade up, to downsize, etc.;—selling now means you'll be hitting the top of the market in terms of sales values.
How much is your Sutton Place home worth?
2016 Closed Sale Price Ranges by Apartment Size
Studio | $475,000 — $513,000
1-Bedroom | $685,000 — $1,100,000
2-Bedrooms | $998,000 — $3,000,000
3-Bedrooms | $1,500,000 — $5,750,000
3+ Bedrooms | $2,295,000 — $9,500,000
2016 Closed Sale Price Ranges by Building
Sutton Place South
1 Sutton Place South
$3,600,000 — $9,500,000
(6 rooms — 14 rooms)
2 Sutton Place South
2 BD | $1,610,000 — $3,000,000
3 BD | $4,350,000
14 Sutton Place South
1 BD | $1,065,000
2 BD | $1,675,000
3 BD | $2,430,000
20 Sutton Place South
2 BD | $1,050,000 — $2,025,000
3 BD | $1,845,000
36 Sutton Place South
25 Sutton Place South
1 BD | $825,000
2 BD | $1,160,000 — $1,340,000
Studio | $500,000
1 BD | $715,000 — $900,000
2 BD | $1,350,000 — $1,700,000
3 BD | $1,900,000
45 Sutton Place South
1 BD | $685,000 — $825,000
2 BD | $1,490,000 — $2,350,000
50 Sutton Place South
Studio | $495,000
2 BD | $1,100,000 — $2,050,000
PH | $4,360,000
60 Sutton Place South
Studio | $513,000
1 BD | $658,000 — $1,100,000
2 BD | $1,810,000 — $1,985,000
Sutton Place
4 Sutton Place
No Sales
16 Sutton Place
2 BD | $998,000 — $1,050,000
3 BD | $1,500,000
25 Sutton Place
3 BD | $5,750,000
30 Sutton Place
3 BD | $3,100,000
35 Sutton Place
40 Sutton Place
2 BD | $1,650,000 — $1,836,000
4 BD | $2,295,000
Studio | $475,000
Sell at the peak
and pay less in commissions.
LARKIN:NYC's Premier Sellers Program is an innovative program that can save you tens of thousands of dollars over the standard 6% real estate commission. Here's how it works:
For properties listing at $1 million and over, you only pay a 3.75% commission plus a $2,500 per month retainer for a maximum of 4 months. If your property is on the market for longer than 4 months, you no longer pay the retainer, but still get the low rate and the same level of exceptional service until your property successfully sells. How much could you save? Here are a few examples:
$1,500,000
SALE PRICE
Standard Commissions
$90,000
6% COMMISSION
Premier Sellers Program
$66,250
3.75% + 4 MONTHS RETAINER
$3,000,000
SALE PRICE
Standard Commissions
$180,000
6% COMMISSION
Premier Sellers Program
$122,500
3.75% + 4 MONTHS RETAINER
$7,500,000
SALE PRICE
Standard Commissions
$450,000
6% COMMISSION
Premier Sellers Program
$291,250
3.75% + 4 MONTHS RETAINER
$10,000,000
SALE PRICE
Standard Commissions
$600,000
6% COMMISSION
Premier Sellers Program
$385,000
3.75% + 4 MONTHS RETAINER
We're not done yet...
Leverage best-in-class sales & marketing.
At LARKIN:NYC, commission savings is only one part of the equation. We combine deep market knowledge & sales expertise on Sutton Place with the latest marketing strategies to position your property effectively and achieve the maximum value for it. You'll benefit from:
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The latest market intelligence & pricing strategies
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Superb home staging & positioning
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Targeted marketing to the right audiences
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Amplification through our industry network
Benefit from an unsurpassed level of service.
LARKIN:NYC provides concierge-level client services not seen in this industry. We pride ourselves on classic white-glove service, updated for the demands of today's fast-paced world. From discreet counsel & personal attention to constant communication & fast response times, you won't find a more impeccable client experience in real estate.
Learn more about our Personalized Home Seller Services.
Purposefully small; exceptionally effective
At LARKIN:NYC, we believe the level of service we provide, and the customer experience we deliver, are paramount. And because of that, we only take on a limited number of clients simultaneously. We find our clients are better served this way. So if you're thinking of putting your property on the market, act now to ensure your participation in our Premier Sellers Program.
Maximize your sales price with LARKIN:NYC's unmatched experience & sales history on Sutton Place.
Being a lifelong New Yorker who has lived and owned on Sutton Place, as well as the owner of a real estate brokerage that specializes in the East Side has given me unique insight into the neighborhood, including apartment values, transaction history, building management, and the mechanics of the co-op board. Over the years, I’ve completed numerous sales in the area and helped neighbors achieve exceptional gains on their properties.
How much will your property fetch in today's market?
Let's find out. We're happy to meet; provide an assessment of your property; and help you determine which selling strategies will provide the most financial gain for you. We're committed to maximizing the value of your property and ensuring a smooth sale. Contact us and schedule an appointment today.
