425 East 58th Street, #16E, New York (Sutton Place), NY, 10022 | $2,250,000

ELEGANCE, LIGHT AND SPACE FROM 16TH FLOOR

Perched on the 16th floor, this is a fabulous city home. The high ceilings, elegant floor plan, and three separate bedroom suites, plus a powder room, make this home a must see. Enter through the graceful gallery to a 65 ft. expanse with a south facing formal dining room and north living room. Off the living room find an inviting 10' x 15' balcony as well as an adjacent third bedroom (now open to the living room) with beautiful woodwork done by European master craftsmen. The bar (which can be hidden behind the cabinet doors) has inlaid burl marquetry, a large 120 bottle Summit wine cooler and ample storage.

This versatile apartment boasts a living room, three primary size bedrooms (one currently open to living room), each with ensuite baths. The primary bedroom, flooded with light from the south and west windows is enhanced by a dressing area, an enormous closet, and an oversized marble bath with a with a tub and separate shower. The second bedroom is currently being used as a den with spectacular burl wool cabinetry. The third primary bedroom is open to the living room and its bath which is currently used as a walk in closet has the plumbing in place - so easily restored to a full bath.

The huge windowed eat in kitchen has been opened to the staff room creating a wonderful space for a home office, or breakfast room and can be restored to the original plan creating a fourth bedroom and bath. The appliances include a Bosch washer and dryer and a Subzero refrigerator.

This wonderful home has oak floors, generous custom closets, and sunny city views, south, north and west of the NYC skyline with partial river views.

The Sovereign, one of the most renowned post war cooperatives, was designed by Emery Roth and Sons. The elegant and impressive International Style lobby has soaring ceilings accented by the sparkle of hand blown 1950's Venini chandeliers, designed by the Italian Architect Carlo Scarpa. The mid-century lobby has its original Rosewood panels and travertine marble floors and the lobby is further enhanced by a collection of curated paintings. With only two apartments per landing, these well designed and spacious homes evoke an old world feeling, with all the modern conveniences of zone controlled year round heat and air conditioning, powder rooms, balconies and exceptional closet space. Enjoy the lobby level gym, 24 hr. valet garage with Tesla charges and wonderful luxury service. Apartments can be purchased with a Trust, LLC or guarantor on a case by case basis.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 48
  • Amenities: Bike Room; Driveway; Garage; Garden; Fitness Room; Laundry Room; Valet; Private Storage;
  • Rooms: 7
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Complex: Sovereign, The
  • Year Built: 1974
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Building Access : Elevator
  • Health Club: Yes
  • Service Level: Full Service
  • Doorman: Yes
  • LobbyAttendant: FullTime
  • OLR#: RPLU21923043769
  • Days on Market: 156 days
  • Website: https://www.raveis.com
    /prop/RPLU21923043769/425east58thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Brown Harris Stevens Residential Sales LLC

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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425 East 58th Street, #16E, New York (Sutton Place), NY, 10022

$2,250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,800,000 $1,800,000 $1,800,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,220 $11,230 $15,068
Total Monthly Payment $10,345 $11,355 $15,193

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.