425 East 58th Street, #42G, New York (Sutton Place), NY, 10022 | $1,950,000

Spectacular views dominate every room of this spacious 42nd floor luxury home. Walls of windows capture the mesmerizing activity of all varieties of water going vessels on the East River as well as beautiful city skyline views south and west. At approximately 1800 sq. ft. with nine ft. ceilings there is a grandeur to this 2 bedroom 2. 5 bath home in The Sovereign. The gracious entry opens to a large south facing living room with a south and west facing dining area. Adjacent to the living room is the second bedroom which currently has French Doors opening to the rooms. The primary bedroom has abundant closet space. There are two ensuite marble baths plus a powder room. The large windowed kitchen has a separate laundry area and service entrance for deliveries from a manned elevator.

The Sovereign is a full service luxury building with a lobby level gym, valet parking garage with Tesla charges, and year round heat and a/c available. The building is surrounded by well-maintained park like gardens. The lobby is furnished with midcentury classics such as Venini chandeliers and curated modern art. "When The Sovereign was built in 1974, Paul Goldberger of The New York Times noted, "The Sovereign is in the super luxury category. " The Emery Roth designed building has a lobby that "extends under the entire building, and there are four semiprivate halls per floor - a welcome (and expensive) alternative to the long, double loaded corridor. Such an arrangement has probably not been used in any New York building since the nineteen-thirties. "

Then as now, with only two apartments per floor, the residents are treated to impeccable world class service is provided by the staff that includes sentry, doorman, concierge,
on-site management, valet parking in the 24 hr. garage equipped with Tesla charges. This mid-century building has an elegant lobby distinguished by Carlo Scarpa designed Venini chandeliers and rosewood paneling. " Amenities include a state-of-the-art windowed gym, and manicured gardens surrounding the building. Up to two dogs are permitted, and trusts, and LLC purchases are allowed with board approval.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 48
  • Amenities: Bike Room; Driveway; Garage; Garden; Fitness Room; Laundry Room; Valet; Private Storage;
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 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#: RPLU21923099629
  • Days on Market: 164 days
  • Website: https://www.raveis.com
    /prop/RPLU21923099629/425east58thstreet_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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NMLS Mortgage Loan Originator ID 1880936

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425 East 58th Street, #42G, New York (Sutton Place), NY, 10022

$1,950,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $1,560,000 $1,560,000 $1,560,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.723% 6.284%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,228 $9,989 $13,270
Total Monthly Payment $9,353 $10,114 $13,395

* 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.