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411 E 53rd St
New York, NY 10022 Sutton Place

$4,500,000 USD

Apartments Condo For Sale  •  16,051 SF

Property Details

  • Property Type Apartments
  • Total Building Size 226,011 SF
  • Lot Size 0.4 AC
  • Building Class C
  • Year Built 1958
  • Zoning R10
100 Transit Score
99 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit Garage Flex 16,051 SF $4,500,000 USD
  • Unit Size: 16,051 SF
  • Condo Use: Flex
  • Price: $4,500,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $280.36 USD
Description
For sale is a vacant commercial garage condominium in the base of of 187 unit residential condo; first time on market in 30+ years; in excellent shape; been vacant for over 10 years; excellent for fleet parking, attended parking or other vehicle/fleet adjacent use; CofO for 72 vehicles; bi-level; ramped entrance; 6,254 SF on street level, 9,797 SF on ramped lower level; connectivity via pass-thru to adjacent 400 East 54th Street garage (also for sale; ramped, bi-level, 140 permitted); no requirement to provide residential tenant parking or insider pricing; has stackers; Local Law work to be completed.

Sale Notes
All cash; no contingencies; 30 day DD; 30 day closing 
R/E taxes ('25/'26): $125,051 
Common Charges (2026): $203,976, which includes capital assessment of $67,395.84 that expires 12/31/26
Common Charges (2027): Est. $144,000

Description 

A commercial condominium unit formerly operated as a ramped, bi-level attended parking garage; CofO for 72 vehicles; been vacant for over 10 years; bathroom; attendant's booth; no resident set-asides or insider pricing; has stackers; 187 dwelling units above; delivered fully vacant, free of operator and vehicles; has vehicle connectivity/pass-thru to adjacent 400 East 54th Street garage, also for sale(permitted for 140 vehicles) for total parking of 212 vehicles.
R/E taxes: $125,051 (2025/2026) 
Common Charges (2026): $203,976 which includes capital assessment of $67,395.84 that expires 12/31/26
Common Charges (2027): Est. $144,000

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Avid Llc
D'Agostino
Evercore Partners Inc
SCHRADER & SCHOENBERG, LLP
SP Plus
Tastement Design Studio
Tudor City Plumbing & Heating

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Property Manager on Site
  • Storage Space
  • Washer/Dryer
  • Heating
  • Doorman
  • Hardwood Floors
  • High Speed Internet Access
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Grand Central (Babylon Branch - Long Island Rail Road, Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Port Jefferson Branch - Long Island Rail Road, Port Washington Branch - Long Island Rail Road) 2 min 15 min 0.8 mi
Grand Central Terminal (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North)) 3 min 19 min 1.0 mi
Transit/SubwayDriveWalkDistance
Lexington Av/53 St (8 Avenue Local - MTA New York City Transit, Queens Blvd Local/6 Av Local - MTA New York City Transit) 0 min 5 min 0.3 mi
Lexington Avenue-53 Street (E - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 1 min 7 min 0.4 mi
51 Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
Manhattan Tram Station (Roosevelt Island Aerial Tramway - Roosevelt Island Tram) 2 min 9 min 0.5 mi
59 Street (4,5,6 Line) (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
LaGuardia 15 min - 6.8 mi
Newark Liberty International 23 min - 15.6 mi
John F Kennedy International 27 min - 16.5 mi
Kenneth Hochhauser 212-792-2605 RTL Partners LLC
Kenneth Hochhauser 212-792-2605 RTL Partners LLC