$7,450,000
Updated 7 years ago
Off Market

329 East 52nd Street

Sutton Place, Manhattan | Second Ave & First Ave

12 Rooms12 Beds11 Baths6,366 Square FeetMulti-Family

$7,450,000
floors / apts5 / 10
Lot Size19'x100'
Building TypeLow-Rise
RE Taxes$956,604
Price Per SF
$1,170

Listing Features

  • Oil Heat
  • Through The Wall

Outdoor space and views

  • Backyard
  • City Views
  • Garden Views
  • Townhouse Views
  • Treeline Views

Building Amenities

  • Voice Intercom

Property Description for 329 East 52nd Street

Perfectly situated between 1st & 2nd avenue on a tree-lined street, 329 East 52nd Street is a five story, 18.75 foot wide Multi-Family building. Spanning a total of 6,366 square feet with an additional 1,167 of unused FAR, the property consists of ten residential apartments. The unit mix includes (1) One Bedroom unit, (8) Two Bedroom units, and (1) 3+ Bedroom Garden Duplex. The property has a floor-through ground level office with street access, in which Office or Community Facility use is permitted. Located in heart of Midtown East, the property enjoys a central location along with the coveted charm and atmosphere of Sutton Place. This unique investment opportunity offers immediate cash-flow with significant upside.

Building Details for 329 East 52nd Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/10
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.17 miles
51 St
0.29 miles
59 St
0.46 miles
Lexington Av/59 St
0.47 miles

Railroad

Grand CentralLong Island Rail Road
0.46 miles

Citi Bike

E 51 St & 2 Ave
0.07 miles
E 51 St & 1 Ave
0.1 miles

Contact Agent

Contact Agent

Sutton Place | Manhattan

Quick Profile

Sutton Place is usually described with favorable words like charming, cozy, great neighborhood, hidden gem, sanctuary, or even small village inside a big city. Those descriptions aren’t from real estate folks either, they’re from the people that live and work there, so it must be true.

The quiet and upscale neighborhood is more like an enclave. It’s bounded by East 53rd Street to the south, East 59th Street to the North, First Avenue to the west, and the East River to the east. Most residents will tell you that everything you’ll ever need is located in the neighborhood. When it’s time to venture out into the cityscape, Sutton Place is within easy reach to Midtown and cultural attractions like the Museum of Modern Art, Rockefeller Center, Central Park and other iconic sites.   

Manhattan has always had notable celebrity residents. But for unknown reasons, Sutton Place has had more than its share of superstars over the years. Some of the more iconic celebs include: Marilyn Monroe and Arthur Miller, Freddie Mercury, Sigourney Weaver, Joan Crawford, Michael Jackson and sister Latoya (Just for one summer).

Sutton Place is named after Effingham B. Sutton, a shipping merchant and entrepreneur. After hitting it big in the California gold rush, Sutton built brownstones along East 57th and East 58th streets with aspirations of making the section more residential. Poverty and crime dashed his dreams. The street gangs that hung out along the dead-ends and cul-de-sacs added to the neighborhood’s decay. Sutton was about to give up on his development endeavors but the Vanderbilt’s and the Morgan’s showed up in the 1920s and transformed the neighborhood. It soon became a wealthy enclave.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 23744TH