$14,000,000
Updated 7 years ago
Off Market

325 East 53rd Street

Sutton Place, Manhattan | Second Ave & First Ave

12 Baths10,770 Square FeetRental Property

$14,000,000
floors / apts6 / 3
Lot Size23'x100'
Built Size23'x70'
ZoneR8B
Building TypeLow-Rise
RE Taxes$22,584
Price Per SF
$1,300

Listing Features

  • WBFP
  • Central AC

Outdoor space and views

  • Garden
  • Terrace

Building Amenities

  • Voice Intercom
  • Elevator
  • Laundry Room
  • Roof Deck
  • Storage

Property Description for 325 East 53rd Street

> Spectacular 6-story elevator building on nice street near UN containing 3 luxuryapartments (one triplex and two duplexes), each with 3 bedrooms, 4.5 baths, a maids room and large private outdoor space. > It has 9,765 square feet plus finished basement and 1,840 square feet of private outdoor space. > This outstanding property, built in the last 10 years by European craftsman, has the charm of a prewar building, but incorporates all the latest technology including central air and security systems. > Each apartment has a spacious marble-floored entrance hallwith elegant staircase and a wood-burning fireplace, parquet floors and a balcony overlooking the garden in both the living room and the master bedroom. > The apartments are currently rented for 1-2 year terms and generate a high income. > However, the building could easily be converted to condo and the apartments sold off individually. > This is a low maintenance, turn key property with excellent management in place and it is ideal for a 1031 exchange.Basement : Triplex: Lower Level: Recreation room, maids room and two baths. > Basement also contains private storage rooms for all 3 apartments.French doors onto 690 SF garden, dining room, powder room, kitchen, laundry.y, maids room with bath.

Listing History for 325 East 53rd Street

Now
06/01/2014
POM by George Vanderploeg
Douglas Elliman
03/03/2014
Exclusive Expired by George Vanderploeg
Douglas Elliman

Building Details for 325 East 53rd Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1920
Floors/Apts6/3
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/53 St
0.15 miles
51 St
0.29 miles
59 St
0.42 miles
Lexington Av/59 St
0.42 miles

Railroad

Grand CentralLong Island Rail Road
0.48 miles

Citi Bike

E 55 St & 2 Ave
0.1 miles
E 51 St & 2 Ave
0.11 miles

Contact Agents

Contact Agents

George Vanderploeg
Douglas Elliman
Silvia Aboud
Douglas Elliman

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: 22809TH