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425 East 58th Street, New York, NY 10022

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425 East 58th Street, New York, NY 10022

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Property Overview

Property address 425 E 58th St
Alternate address(es) 411-449 E 58th St
420-438 E 59th St
Zip code 10022
Borough Manhattan
Block & lot 01370-0015

Building name The Sovereign
Lot dimensions
Lot sqft 62,729 i
Buildings on lot 1
Building class Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
Year built 1975
Building Sq. Ft.
Zoning

Ownership Information

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Other Critical Property Data

Neighborhood Sutton Place
School district 2
Residential units 348
Commercial units 6
Maximum floor area ratio
Closest police station 0.45 Miles - See map
Closest fire station 0.55 Miles - See map
Certificate of occupancy

Sales & Property History

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Purchase date 8/12/2004
Purchase price

Title Documents

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Doc rec date Type Amount Party 1 Party 2 Doc image
09/27/2017 - R Initial Coop UCC1
07/01/2016 - R UCC3 Assignment
06/16/2016 - D Assignment, Mortgage
11/09/2015 - R UCC3 Termination
11/09/2015 - R Initial UCC1
11/02/2015 - D Agreement
11/02/2015 - D Mortgage
09/29/2015 - D Assignment, Mortgage
09/23/2015 - D Assignment, Mortgage
05/03/2013 - R UCC3 Termination
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R: Recorded date
D: Document date

Property Taxes

Access detailed property tax data for 425 E 58th St. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year 2018/2019
Tax assessor's market value $228,925,000
Projected tax assessor's market value $0
Current tax bill $10,164,088

Assessment History

Check out this property's assessment history, including the evolution of the total tax rate and corresponding property tax.

Year Building class Market value Assessed value Taxable Tax rate% Base tax Property tax
2017/18 D4 $245,894,000 $110,652,300 $90,038,857 12.719% $11,567,352 $11,452,042
2016/17 D4 $213,522,000 $96,084,900 $84,101,988 12.892% $10,970,446 $10,842,428
2015/16 D4 $186,753,000 $84,038,850 $80,185,871 12.883% $10,492,321 $10,330,346
2014/15 D4 $182,188,000 $81,984,600 $78,331,955 12.855% $10,240,985 $10,069,573
2013/14 D4 $182,148,000 $81,966,600 $76,924,411 13.145% $10,292,333 $10,111,714
2012/13 D4 $194,824,000 $87,670,800 $76,754,388 13.181% $10,294,269 $10,116,996
2011/12 D4 $172,946,000 $77,825,700 $72,525,131 13.433% $9,919,618 $9,742,301
2010/11 D4 $167,000,000 $75,150,000 $69,461,194 13.353% $9,471,550 $9,275,153
2009/10 D4 $167,000,000 $75,150,000 $66,977,873 13.241% $9,058,433 $8,868,540
2008/09 D4 $166,000,000 $74,700,000 $64,131,862 12.596% $8,260,709 $8,078,049
2007/08 D4 $163,000,000 $73,350,000 $61,952,171 11.928% $7,556,627 $7,389,655
2006/07 D4 $152,000,000 $68,400,000 $59,563,522 12.737% $7,773,391 $7,586,606
2005/06 D4 $139,000,000 $62,550,000 $57,326,717 12.396% $7,264,056 $7,106,220
2004/05 D4 $143,000,000 $64,350,000 $55,593,015 12.216% $6,933,802 $6,791,243
2003/04 D4 $125,777,777 $56,600,000 $52,369,391 12.62% $6,750,438 $6,609,017

Permits

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Pre filing date Job type Job status Job description Document Building type
06/06/2018 Alteration type 2
05/25/2018 Alteration type 2
05/22/2018 Alteration type 2
12/14/2017 Alteration type 2
11/16/2017 Alteration type 2
11/15/2017 Alteration type 2
10/25/2017 Alteration type 2
10/13/2017 Alteration type 2
10/13/2017 Alteration type 2
09/25/2017 Alteration type 3
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For Rent

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571-573 11th Ave, 4P

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$4,800 1 Beds 1 Baths

For Sale

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Map

Sutton Place residential market stats

Check out the median sale price in Sutton Place and compare it to the borough´┐Żs median. You can download an in-depth market report for Sutton Place, with complete list of sales and more trends from our Market Reports page.

Median Sale Price
$950,000
1% YoY
Median Price/Sqft
$1,020
1% YoY
Manhattan Median Sale Price
$1,095,000
1% YoY

Demographics By Zip Code 10022

Demographic data shown in this section was gathered from the 2014 American Community Survey and refers to zip code 10022.
Population Demographics
Total population 29,699
Female population 56.0%
Male population 44.0%
Median age 46
Male median age 45.8
Female median age 46.2
Education
No highschool 0.4%
Some highschool or college 17.6%
Bachelors degree 44.2%
Other
Citizens 91.0%
Citizens born in US 78.5%
English speakers 98.8%
Journey to Work
Work in a metropolitan area 99.4%
Work in a micropolitan area 0.1%
Work at home 7.2%
Go to work by car 12.3%
Go to work after 10 am 11.8%
Economic/Employment
Average household income $221,140
White collar 98.3%
Blue collar 1.7%
Housing
Family households 33.9%
Households with kids 9.2%
Housing units 23,172
Occupied housing units 17,552
Owner occupied units 47.9%
Average number of people per household 1.66
Median year structure built 1958
Houses with mortgages 43.9%
Wealth
Median value for units with a mortgage $789,000
Median value for units without a mortgage $886,100
Median gross rent $2,001
Median housing costs per month $1,994
Population in poverty 5.2%

Neighbors

Here are the neighbors for 425 E 58th St.

Address Property class Square feet Purchase date Purchase price
410-412 E 58th St, New York Extended Stay/Suite Amenities Similar to Apartments, Typically Charge Weekly Rates & Less Expensive than Full Service Hotel (HS) 105,734 6/6/1996
400 E 58th St, New York Elevator Apartment - Fireproof with Stores (D6) 140,000 11/9/1977
403 E 57th St, New York Primarily Two Family with One Store or Office (S2) 3,306 9/19/2008
405 E 57th St, New York Primarily Two Family with One Store or Office (S2) 2,500 1/15/2013
415 E 57th St, New York Extended Stay/Suite Amenities Similar to Apartments, Typically Charge Weekly Rates & Less Expensive than Full Service Hotel (HS) 14,169 9/25/2007
442 E 58th St, New York City Residence One Family (A4) 3,600 3/30/2016
432 E 58th St, New York Old Law Tenement (C4) 7,635 3/16/2017 M
420 E 58th St, New York Special Condominium Billing Lot (R0) 63,426
1066-1074 1st Ave, New York Walk-up Apartment - Over Six Families with Stores (C7) 24,494 7/25/2002
407 E 58th St, New York One Family Attached or Semi-Detached (A5) 4,495 3/16/2015
30 Sutton Pl, New York Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4) 127,293 4/14/2010
418 E 59th St, New York Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4) 129,255 1/11/1989 M
410 E 59th St, New York Walk-up Apartment - Over Six Families with Stores (C7) 8,275 5/18/2012
408 E 59th St, New York Parks/Recreation Facilities (Q1) 6/15/1983 M
1076-1082 1st Ave, New York Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4) 127,607 7/28/2004
403 E 58th St, New York Old Law Tenement (C4) 5,148 12/27/2012
405 E 58th St, New York Predominant Retail with Other Uses (K4) 5,319 6/15/1983 M
409 E 58th St, New York Three Families (C0) 3,200 12/15/2016
440 E 59th St, New York City Residence One Family (A4) 6,000 12/7/1990
40 Sutton Pl, New York Special Condominium Billing Lot (R0) 47,399

Useful neighborhood information

Transport

Thanks to its handy location near Midtown, by the time many of Sutton Place's residents have walked to the subway stations on the 4, 5, and 6 lines at Lexington they are likely already near work. The R and M lines run east onto Long Island and south to Lower Manhattan. The newly opened Second Avenue line is making subway usage even more convenient in the neighborhood. The M15 bus plies First and Second avenues.

Schools

Elementary students in Sutton Place can start in P.S. 59, Beekman Hill International. M630, the Art and Design High School, serves grades nine through 12 and special education. To the north, M459, Manhattan International High School, and the college-prep Vanguard High School both draw Sutton Place students. There are many nearby private school options including the Browning School for boys that began in 1888 and the Cathedral High School for girls that opened its doors in 1905. As for private school options the Garden House School of NY at 40 Sutton Place is an independent pre-school that gets children reading and writing before they reach kindergarten.

Health

There are medical care options nearby at Lennox Hill Hospital and NYU Hospital of Columbia and Cornell. For more pressing attention the MedRite Urgent Care walk-in clinic operates in neighboring Turtle Bay.

Safety

As part of the 17th Precinct, Sutton Place recorded 12.64 crimes per 1,000 residents in 2016, making the neighborhood one of the safest in Manhattan.

Schools in the area

Ps 183 Robert L Stevenson

Grade: K-5

Distance: 0.39 miles

East Side Elementary School, PS 267

Grade: PK-4

Distance: 0.39 miles

Disclaimer:

The data displayed in this section is provided by GreatSchools.org. The schools linked to this address are selected based on geographic proximity and do not take into account school attendance zones.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 411-449 E 58th St, New York, NY 10022
  • 420-438 E 59th St, New York, NY 10022
  • Property Description

    The property at 425 E 58th St, New York, NY 10022 is located in Sutton Place and it has a lot square footage of 62,729. 425 E 58th St, New York, NY 10022 is a Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4) property and was built in 1975. The tax amount paid on this property is $10,164,088 based on a total assessed value of $110,652,300. The tax amount for 425 E 58th St, New York, NY 10022 is estimated to be - for the next tax year. The designated school district for 425 E 58th St, New York, NY 10022 is 2.

    The average household income in 10022 is $221,140 and there are a total of 23,172 housing units, out of which 17,552 are occupied. The median year built of properties in 10022 is 1958.