RealtyLens
for saleRealtyLens property overview
$525,000

400 E 56th St Apt 35M

Manhattan, NY, 10022
View more Manhattan, NY property pages
StudioBeds
1Baths
685Sqft
$766$/sqft

Listing Notes

Bring your contractor, designer or a creative mind. This is an alcove studio that can easily be converted into a 1 bed 1 bath. The apartment needs work and is being sold in As-Is condition. Plaza 400 is a full-service co-op with Amenities that include a beautifully renovated lobby, 24-hour doorman, large fitness center, yoga/stretching studio, laundry, bicycle storage room, a security desk, concierge service, staffed package room with immediate electronic notification, and both a live-in super and live-in assistant super. The huge rooftop features a beautiful outdoor heated pool, and spectacular 360-degree views, with a party or game room, playroom, and tables and lounge chairs available for use upon request. Convenient to multiple subway lines and buses, restaurants, parks, and shopping. Utilities ARE included in the maintenance. 2% Flip Tax is paid by the buyer. Pieds-a-terre, guarantor, co-purchasing, or parents buying for children allowed. The general subletting policy is live for 3, then 3 out of 5 years, and is subject to board approval. The minimum down payment is 30%. Pet-friendly building and pets allowed. All information furnished herein is from sources deemed reliable. All information is submitted subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. All dimensions are approximate. For exact dimensions, please hire your own architect or engineer. Opportunity to convert to a 1 bedroom.

Market Insights

Above nearby median+10%

$766/sqft vs a nearby median of $696/sqft.

Nearby median$696/sqft
Nearby properties12
Property size685 sqft
  • +10% versus the nearby median price per square foot.
  • 2 price records are available for this property.
  • 685 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$466k$424k$508k · 50% confidence
vs ask $525k+$59k (+11.2%)

Asking price is about 11.2% above where comps + adjustments land — there is room to negotiate.

$696/sqft median across 6 tight comps × 685 sqft= $476k
  • Mid-century building era−$7k −1.5%
  • Visible condition issues−$5k −1.0%
  • Transit access+$2k +0.5%
Cumulative NYC adjustments−$10k−2.0%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position+10% vs nearby

The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.

Price MovementNo cuts recorded

The available price history has not shown a cut yet, so leverage may need to come from comps, condition, or days on market.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
24 days
Last price change
No change recorded
Listed
Apr 18, 2026
Photos
5 photos
Property type
coop
Status
for sale

Features & Amenities

Central AirDoormanElevatorLaundry RoomRecreation FacilitiesSwimming PoolTwo Or More StoriesGarage 1 Or MoreViewsGame RoomParkMaintenanceShoppingFixer Upper

Building Facts

Year built
1969
Stories
38
Total units
636
Residential units
629
Building area
22.21 ac
Lot size
1.07 ac
Land use
Multi-family elevator buildings
Building class
D4

From NYC public records where available.

Price History

May 4, 2026diff
$525,000for sale
May 4, 2026Initial record
$525,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.