316 E 59th St #1

316 East 59th Street – “The Gnome Bakers Building” Sutton Place | Manhattan, NY 10022 Step into Manhattan’s history with this iconic mixed-use gem — the legendary Gnome Bakers Building. Originally crafted in 1930 as a whimsical home “where gnomes would bake,” this one-of-a-kind property perfectly blends storybook charm, architectural character, and modern potential in the heart of Sutton Place. Property Overview Address: 316 East 59th Street, New York, NY 10022 Neighborhood: Sutton Place / Midtown East Building Size: ±6,500 SF | Lot: 25’ × 100.42’ (2,511 SF) Zoning: R8 / C2-5 – Mixed Use Stories: 3 | Units: 1 Residential / 1 Commercial Taxes: $73,854 annually Max Buildable Area: ±15,116 SF (±9,500 SF of unused air rights) Historic Legacy Once home to the famed Gnome Bakers, the building originally featured playful architectural details — from a papier-mâché gnome enjoying bread on the façade to another perched above the roofline. Though the bakery’s magic faded during the Great Depression, its spirit endures. Over the decades, 316 East 59th Street has been reimagined as a design studio, kitchen furnishings showroom, and creative workspace — each chapter adding depth to this beloved Sutton Place landmark. Architectural Highlights A stunning blend of industrial authenticity and artful sophistication, featuring: Exposed brick walls throughout Wide-plank Brazilian cherry floors & custom tile 36' × 23' great room with 27' ceilings Vermont Castings Defiant Encore wood stove Open gourmet kitchen with custom cherry cabinetry Juliet balcony with Queensboro Bridge views Tumbled marble terrace overlooking a 47' × 24' landscaped backyard Two elegant bedrooms with custom closets and spa-style baths Investment Highlights Trophy mixed-use asset in a premier Midtown East corridor ±9,500 SF of additional buildable area (FAR 6.02 / 6.5 facility) Ideal for end-user, investor, or boutique redevelopment Potential for luxury townhouse, creative office, or residential conversion Prime access to the Queensboro Bridge, FDR Drive, and world-class retail The Opportunity Own a piece of Manhattan folklore — a property that combines whimsical history with tangible upside. With its unmistakable façade, flexible zoning, and timeless appeal, 316 East 59th Street represents a rare offering in the heart of Sutton Place — where heritage meets opportunity.