The Connaught Tower Corporation
300 East 54th Street
New York, NY 10022
co-op
About
300 East 54th Street is located in Sutton Place. The building was built in 1977 and has 360 units and 34 stories.
applications
property contacts
confirm to continue
board minutes
Attorneys, Paralegals, and legal representatives can request to view Board Minutes via the Domecile platform. There is a fee associated with each approved request that is payable to Domecile.
questionnaires
Have a questionnaire completed by property management.
financing policies
Max Financing as %
70% of purchase price
additional building information
1031 Exchange is not permitted. Generally, the Board conducts interviews, the THIRD Tuesday of the month, and the vote occurs on the FOUTH Tuesday of the month. All fully completed packages must be delivered and deemed complete by the first Friday of the month in order to schedule a Board interview that month. Otherwise, applicant interviews will be conducted during the month of August. The Board will NOT consider reverse mortgages.
Fees set by and remitted to building and property management company.
co-op sale
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Buyer | Additional Processing Fee (Non-Refundable) | Submission | $200 if there is a 2nd Applicant or Guarantor | Mgmt |
| Buyer | Application Processing Fee (Non-Refundable) | Submission | $700 | Mgmt |
| Buyer | Background/Credit Check Report (Required, Non-Refundable) | Submission | $125 per applicant | Mgmt |
| Buyer | Credit Report Rerun Fee (non-refundable) | Submission | $100 per applicant (if required for time due) | Mgmt |
| Buyer | Package Resubmission Fee (non-refundable) | Submission | $150 (if applicable) | Mgmt |
| Buyer | Move In Deposit (refundable) | Move Out/Move In | $500 | Bldg |
| Seller | Move Out Deposit (refundable) | Move Out/Move In | $500 | Bldg |
| Buyer | Expedited Closing Fee Expedited Closing Fee (non-refundable) (within 10 business days of approval) | Pre-Closing | $500 (if applicable) (paid by Buyer or Seller) | Mgmt |
| Buyer | Financing Fee (non-refundable) | Pre-Closing | $400, only if purchase is being financed | Mgmt |
| Buyer | Power of Attorney Review Fee (Non-Refundable) (If Applicable) | Pre-Closing | $200 Per POA (if applicable) | Mgmt |
| Seller | Closing Fee (non-refundable) | Pre-Closing | $850 | Mgmt |
| Seller | Closing Fee (non-refundable) (closing in other location; closing by mail) | Pre-Closing | $1100 (closing in other location; closing by mail) | Mgmt |
| Seller | Estate Sale fee (non-refundable) | Pre-Closing | $500 (if applicable) | Mgmt |
| Seller | Expedited Closing Fee Expedited Closing Fee (non-refundable) (within 10 business days of approval) | Pre-Closing | $500 (if applicable) (paid by Buyer or Seller) | Mgmt |
| Seller | Power of Attorney Review Fee (Non-Refundable) (If Applicable) | Pre-Closing | $200 Per POA (if applicable) | Mgmt |
| Buyer | Additional Closing Fee (WITHOUT a Bank Attorney Present, Non-Refundable) | Closing | $500, if applicable | Mgmt |
| Buyer | Estate Transfer Additional Closing Fee (WITHOUT the attorney present, Non-Refundable) | Closing | $200, if applicable | Mgmt |
| Buyer | Move In Fee (non-refundable) | Closing | $500 (charged on a per day basis) | Bldg |
| Buyer | Postponement Fee (Less than 48 Hours' Notice, Non-Refundable) | Closing | $500, if applicable | Mgmt |
| Buyer | Trust Transfer Additional Closing Fee (WITHOUT the attorney present, Non-Refundable) | Closing | $200, if applicable | Mgmt |
| Buyer | Undertaking Fee (Non-Refundable) | Closing | $100 | Mgmt |
| Seller | Electric Charges | Closing | Final Reading provided at time of closing | Bldg |
| Seller | Flip Tax | Closing | 3% of the sale price (no deductions for Capital Improvements, etc.) | Bldg |
| Seller | Move Out Fee (Non-Refundable) | Closing | $500 (charged on a per day basis) | Bldg |
| Seller | Pool Membership Card Fee | Closing | $50 if card is not surrendered at time of closing | Bldg |
co-op sublet
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Shareholder | Credit and Background Report (Required, Non-Refundable) | Submission | $125 per applicant | Mgmt |
| Shareholder | Credit Report Rerun Fee (non-refundable) | Submission | $100 per applicant (if required for time due) | Mgmt |
| Shareholder | Move-In Fee | Submission | $500 per day | Bldg |
| Shareholder | Move-Out Fee | Submission | $500 per day | Bldg |
| Shareholder | Package Resubmission Fee (non-refundable) | Submission | $150 (if applicable) | Mgmt |
| Shareholder | Processing Fee (non-refundable) | Submission | $650 | Mgmt |
| Shareholder | Sublet Fee | Submission | Three (3) months maintenance per sublet term | Mgmt |
| Subtenant | Additional Processing Fee (Non-Refundable) | Submission | $200 if there is a 2nd Applicant or Guarantor | Mgmt |
| Shareholder | Move Out Deposit (refundable) | Move Out/Move In | $500 | Bldg |
| Subtenant | Move In Deposit (refundable) | Move Out/Move In | $500 | Bldg |
less refinance
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Shareholder | Package Resubmission Fee (non-refundable) | Submission | $150 (if applicable) | Mgmt |
| Shareholder | Processing Fee (non-refundable) | Submission | $250 | Mgmt |
more refinance
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Shareholder | Credit Report Fee (Non-Refundable, Required) | Submission | $125 per applicant | Mgmt |
| Shareholder | Credit Report Rerun Fee (non-refundable) | Submission | $100 per applicant (if required for time due) | Mgmt |
| Shareholder | Package Resubmission Fee (non-refundable) | Submission | $150 (if applicable) | Mgmt |
| Shareholder | Processing Fee (Non-Refundable) | Submission | $400 | Mgmt |
alteration
| payor | fee | due upon | amount | recipient |
|---|---|---|---|---|
| Resident | Alteration Processing Fee (Non-Refundable) | Upon Approval | Decorative $250, Standard $1000, Major $2500. Please confirm with the Alteration Processor for the correct amount | Mgmt |
| Resident | Decorative Alteration Security Deposit (Refundable) | Upon Approval | $1500 (if applicable) | Bldg |
| Resident | Major Alterations Security Deposit (Refundable) | Upon Approval | $15000 (if applicable) | Bldg |
| Resident | Standard Security Deposit (Refundable) | Upon Approval | $5000 Security deposit for replacement of sheetrock and base molding. $7500 for the renovation of Kitchen. $5000 for the renovation of Bathroom | Bldg |
single application initiation fee
One-time fee paid by the person who begins the application.
| payor | fee | due upon | amount |
|---|---|---|---|
|
Agent /
Attorney Applicant
Current Resident
|
Sale/Lease
Sale/Lease
Refinance/Renewal
Alterations
|
Initiation
Initiation
N/A
|
$75
$120
Free
|
| Application Participants | Any | N/A | Free |
If you are a real estate agent affiliated with one of our enterprise brokerage clients starting an application is covered by your brokerage.
digital submission fee
| payor | fee | due upon | amount |
|---|---|---|---|
| New Resident | Purchase Sublet/Lease Storage Sale Parking Sale |
Submission | $65 |
| Current Resident | Renewal Refinance Transfer Storage Sale Parking Sale Alteration |
Submission | $45 |
app admin fee
| payor | due upon | amount |
|---|---|---|
| Any Participant Paying Building Fees | Submission | 5% of Total (excluding Digital Submission & Initiation Fees) |
For more detailed information, please see our Pricing page.
All property information and documentation provided by property management.
10/27/25