Sutton Hotel going condo with sublease option

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The Sutton Hotel is becoming the Sutton East Condominium with a twist. Would-be buyers can sublet in the landmark at 330 East 56th Street for as little as 30 days and up to two years, without board approval. Prices for the Sutton’s condos are expected to range from $752,000 to $2.9 million. more [NYT]