Updated 6 years ago
Off Market

323 East 58th Street

Sutton Place, Manhattan | Second Ave & First Ave

8,850 Square FeetMixed Use

floors / apts4 / 4
Lot Size30'9"x100'5"
Built Size20'x54'5"
Building TypeTownhouse
RE Taxes$54,277
Price Per SF

Listing Features

  • High Ceilings
  • Oversized Windows

Outdoor space and views

  • Terrace
  • Bridge Views
  • City Views
  • Courtyard
  • Queensboro Bridge
  • Skyline Views
  • Townhouse Views
  • Treeline Views

Building Amenities

  • Voice Intercom
  • Garden
  • Laundry Room

Property Description for 323 East 58th Street

Excellent value and opportunity in prime Midtown East location! This 20 foot wide house is built on a 30.9 x 100.5 foot lot. Many possibilities exist: live with income, convert to single family, have office space or restaurant on first floor and apartments on the top three floors. This mixed use property is in the R8B zoning district with an FAR of 4. Possibility to build additional square footage exists.

Great potential for income for a developer looking to convert to a condominium. Total approximate square footage with the basement is 8850 and 6850 without the basement. In addition, there are several terraces totaling 1750 square feet. All located in a convenient midtown east neighborhood steps from public transportation, the UN, fine restaurants and shops.

Setup of the house and breakdown of square footage: **the house is vacant and will be delivered vacant**

Basement: Approx 2,000 square feet
Extra large basement with 8'8" ceilings

First floor: Approx 2950 square feet
Ideal use for restaurant, office, or store, 10 foot ceilings

Second Floor: Approx 1,800 square feet
2 or 3 bedrooms, 3 baths plus 2 large private terrace, 10 foot ceilings

Third Floor: Approx 1,100 square feet
1 Bedroom, 1 bath plus large private terrace, 10 foot ceilings

Fourth Floor: Approx 1,000 square feet
1 BR, 1 Bath plus private terrace, 12'3" ceilings

Building Details for 323 East 58th Street

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
Year Built1958
Learn More About the Building

Transit and Citi Bike


Lexington Av/59 St
0.28 miles
59 St
0.3 miles
Lexington Av/53 St
0.31 miles
Lexington Av/63 St
0.36 miles
51 St
0.46 miles

Citi Bike

E 58 St & 1 Ave (NW Corner)
0.07 miles
E 58 St & 1 Ave (NE Corner)
0.09 miles

Contact Agents

Contact Agents

Ceasar Salama
Luxury Property Group
Morris Sabbagh
Luxury Property Group

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: 21374TH