$1,995,000
Updated 5 years ago
Sold

The Sovereign

425 East 58th Street, 5-E

Sutton Place, Manhattan | First Ave & Sutton Place

7 Rooms4 Beds4.5 BathsCo-op

$1,995,000
Maintenance$5,136

This property was sold for $2,550,000 on 09/01/21.

Listing Features

  • Abundant Closets
  • BuiltIns
  • Corner Apartment
  • Floor-Through
  • Galley Kitchen
  • High Ceilings [9']
  • Split Bedrooms
  • Flr-to-Clg Windows
  • Wall of Windows
  • Adjoining Pantry
  • Dishwasher
  • Eat-in Kitchen
  • Service Entrance
  • Windowed Kitchen
  • En Suite Bathroom
  • Marble Bathroom
  • Powder Room

Outdoor space and views

  • Balcony [8'x13']
  • North Exposure
  • South Exposure
  • West Exposure

Building Amenities

  • Full Service
  • Bike Storage
  • Driveway
  • Elevator
  • Fitness Facility
  • Garage
  • Garden
  • Laundry Room
  • Storage
  • Valet Service

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 425 East 58th Street, 5-E

Spectacular value for a grand and gracious seven room home with a large balcony, four-bedrooms, four full bathrooms and a guest powder room in the Sovereign. Enter the Sovereign past the landscaped gardens into a timeless elegant lobby and take the elevator to the fifth floor where there is only one other residence on the landing. Apartment 5E is pin drop quiet, filled with sunlight and has extraordinary living space. The residence opens into a short hall, with the guest powder room off it, and then opens into a fifteen-foot gallery. On one side of the gallery is the twenty-six-foot living room and on the other is a twenty-foot dining room. This spectacular sixty-one-foot expanse allows for grand and gracious living in this almost twenty-six hundred square foot residence. Incredible light fills this home from North, South, and West exposures. The living-room’s floor to ceiling sliding glass doors opens to a balcony for outdoor living. On the opposite end of this regal living space is an enormous formal dining room that easily accommodates fourteen and is filled with south light. The large adjacent windowed kitchen has sprawling countertops and cabinet space, with a separate pantry that has even more cabinetry and the coveted washer & dryer. For heating and cooling, there is year-round zoned air conditioning. The four bedrooms are as follows. The corner master bedroom suite has exceptional closet space, charming views of the Sovereign gardens, is filled with South sunlight and has an en-suite renovated marble full bath. The second and third bedrooms are both equally tremendous in size, full of light, have excellent closet space, and en-suite renovated marble bathrooms. The fourth bedroom is perfectly proportioned on a smaller scale, with its own full bath. This is a unique opportunity to purchase an expansive home in a coveted building and location that is priced for today’s market. The Sovereign allows pied a terres and pets are permitted. 50% financing is allowed and there is a 2% flip tax. The building’s high level of amenities includes a valet garage service, porte cochre, doormen, concierge, a resident manager, staffed package/mail room, and a fitness room.

Listing History for 425 East 58th Street, 5-E

Now
09/01/2021
$2,550,000
Sold and Closed by Amy Katcher
Corcoran
05/11/2021
Contract Signed by Amy Katcher
Corcoran

Building Details for 425 East 58th Street

OwnershipCo-op
Building TypeHigh-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built1974
Financing Allowed50%
Floors/Apts48/348
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/59 St
0.39 miles
Lexington Av/53 St
0.39 miles
59 St
0.41 miles
Lexington Av/63 St
0.46 miles

Citi Bike

E 58 St & 1 Ave (NE Corner)
0.02 miles
E 58 St & 1 Ave (NW Corner)
0.05 miles

Contact Agents

Contact Agents

Amy Katcher
Corcoran
Curtis Rhine
Corcoran

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: 1918675