424 East 52nd Street

Emery Roth designed Southgate in the refined pre-war vocabulary that made his name across Manhattan — well-proportioned masonry, gracious public spaces, and the carefully drawn interior layouts the firm was known for. The Bing & Bing imprint shows in the quality: the brothers built for permanence and for the discerning tenant, and Southgate's setting on a quiet cul-de-sac with a landscaped garden reflects that ambition.

The apartments are pre-war in plan and detail — beamed ceilings, traditional moldings, generous closet space, and hardwood floors throughout — across layouts that range from intimate homes to larger family-sized residences. As with any pre-war co-op, condition varies apartment to apartment, but the underlying proportions and the building's quiet, garden-facing setting are constants that buyers consistently value.

Southgate runs as a full-service cooperative: a 24-hour doorman, an on-site resident manager, porters, a landscaped garden, bike storage, private storage as available, and central laundry — with electricity included in the maintenance. Avoid adding a separate electricity estimate for the same covered usage; inclusion alone does not establish lower total carrying costs. The board's policies are notably buyer-friendly for a pre-war building: pets are welcome, 80% financing and guarantors are permitted, and pied-à-terre ownership and subleasing are allowed. As a co-op, purchases proceed by share transfer through a board package and interview; the financing and sublet flexibility broadens the buyer pool relative to stricter neighbors.

Recent sales

Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.

Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $679/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 4.2% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01363-0037). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.

The board posture is a standout. Permitted pets, 80% financing, guarantors, pied-à-terre ownership, and subleasing make Southgate one of the more accessible pre-war co-ops in Beekman — a real advantage for buyers who need financing or want flexibility in how they hold the apartment. Within the building, floor, light, and condition drive price; garden-facing and renovated upper-floor homes carry the premium. The setting is the long-term draw: a quiet cul-de-sac steps from the East River esplanade, with the 57th Street corridor, the Bridgemarket retail under the Queensboro Bridge, and First/Second Avenue transit all close by. The electricity-included maintenance is worth modeling into the carrying-cost comparison.

A resale here markets on an exceptional pedigree — Bing & Bing development, Emery Roth design, a landscaped garden on a coveted Beekman cul-de-sac — paired with the rare flexibility of an accommodating board and electricity-included maintenance. Benchmark to other pre-war Beekman and Sutton co-ops, and lead with the differentiators: the pedigree, the garden setting, and the buyer-friendly financing and sublet policies that expand the pool. Present the apartment to its board-package strengths; co-op timelines run on the board calendar, so packaging and pricing that move the home to contract efficiently matter.

If you're considering 424 East 52nd Street, also evaluate these Beekman, Sutton, and Midtown East buildings from different construction periods:

• 345 East 57th Street — Schwartz & Gross pre-war Sutton cooperative
• 433 East 57th Street — pre-war Sutton Place cooperative
• 1 Sutton Place South — 1927 Sutton Place cooperative by Rosario Candela with Cross & Cross
• 1 Beekman Place — Beekman pre-war cooperative
• 2 Beekman Place — Beekman pre-war cooperative
• 400 East 51st Street — The Grand Beekman, nearby