$1,299,000 Sold Jun 2026
$125,522,000 Assessed value
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| Building size | 455,000 sq ft |
|---|---|
| Building dimensions | 197 × 241 ft |
| Stories | 18 |
| Sq ft per floor | 25,278 sq ft |
| Year built | 1951 |
| Lot dimensions | 201 × 244 ft |
|---|---|
| Lot area | 49,003 sq ft |
| Units | 368 |
|---|---|
| Zoning | R10 |
| Building class | D4 |
| Block / lot | Block 1365 / Lot 20 |
| Built FAR | 9.29 |
|---|---|
| Max residential FAR | 10.00 |
| Max facility FAR | 10.00 |
| Last recorded sale | $1,299,000 (Jun 2026) |
|---|---|
| Assessed value | $125,522,000 |
| Tax class | 2 |
| Annual property tax | $6,594,818 |
| Exemptions / abatements | SIXTY SUTTON CORP |
| Rent regulated | Co-op |
60 Sutton Place South was built in 1951 — roughly 75 years old. For property-tax purposes it falls under Class 2 (residential buildings with four or more units, condos and co-ops), taxed at 12.439% of a taxable value based on 45% of the city’s income-derived market value. At the current assessment that works out to about $6,594,818 per year ($549,568/month) before any abatements or exemptions the owner may receive. City records show it last changed hands for $1,299,000 in Jun 2026.
The building uses about 93% of the density its zoning allows (9.29 built FAR vs. a maximum of 10.00) — roughly 34,792 sq ft of unused development rights, which can matter for renovations, expansions, or air-rights value. This lot is associated with a co-op; individual apartments are owned as shares and taxed through the building.
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Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.