425 East 58th Street (The Sovereign)
425 East 58th Street, New York, NY 10022
BBL 1013700015 · BIN 1040637
- Year built
- 1973
- Type
- Cooperative
- Units
- 360
- Floors
- 48
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted
- Dogs
- Permitted with conditions
- Cats
- Not stated
- Maximum financing
- Requires confirmation
- Flip tax
- 1% of the purchase price, paid by the seller
- Doorman
- Doorman (hours not stated)
- Financing
- Requires confirmation
- Subletting
- Permitted with Board approval.
- Pied-à-terre
- Permitted.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $950
- floor-adjusted, 4 sales
- Listing discount
- 5.2%
- Recorded sales
- 276
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Sovereign would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The Sovereign is a 1973-1974 Emery Roth & Sons commission whose scale and stepped plan set it apart in the Sutton Place neighborhood.
It carries an Emery Roth & Sons pedigree at late-period International Style — the firm behind the Beresford, the San Remo, and the El Dorado on Central Park West, here applying its mature register at a residential scale that anticipated the next generation of Sutton Place towers. A choice that has aged unusually well is the brown brick facade, rare for a building of this size when most contemporaries reached for white glazed brick, and far more durable over the decades than that glazing proved to be. And the form does real work for the apartments: a stepped configuration with abundant corner windows opens up extensive south, east, and Queensboro Bridge exposures.
Architecture and building operations
The stepped facade with corner windows produces extensive south, east, and Queensboro Bridge view exposures. Emery Roth & Sons applied their late-period International Style register here at a residential scale that anticipated the next generation of Sutton Place residential towers.
The brown brick was unusual for a building of its scale; most contemporaries used white glazed brick. The brown brick has weathered substantially better than the white-glazed brick of contemporaries (compare: The Excelsior, three blocks west, has had recurrent facade-repair issues from glazed-brick freeze cycles).
Operations: doorman and concierge; valet parking; fitness center; gardens; dog-friendly. Two units per floor (typical of the building's middle and upper floors) maximize privacy. The building once housed "The Palace" on its north side — at one point the city's most expensive restaurant. Management: the managing agent.
Policy framework
- Type: Cooperative — board interview required
- Pets: Permitted (notably dog-friendly)
- Pied-à-terre: Permitted with board approval
- Subletting: Permitted with board approval; standard coop restrictions on duration
- Financing: Up to 75% reportedly permitted (verify with managing agent)
- Flip tax: Verify with management
- Gifting: Typically permitted with board review
- Trust: Permitted with board approval
- LLC purchases: Permitted with board approval (unusual for prewar coops, but The Sovereign permits this)
- Foreign buyers: Permitted with appropriate liquidity demonstration
- Post-closing liquidity: Standard NYC coop expectation (1-2x purchase price)
- Board interview: Required, substantive
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Amount equal to 1% of the purchase price
- Rate
- 1% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of September 2026
Purchase
9 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application FeeConditional | Paid by Buyer | When With the application | Amount $500 or $1,000 (Trust Purchase - if permitted by Corporation) | Refundable Not stated |
| Application Processing Fee for Co-applicant or GuarantorPer applicant | Paid by Buyer | When With the application | Amount $250 per Co-applicant/ Guarantor | Refundable Not stated |
| Credit Report FeePer applicant | Paid by Buyer | When With the application | Amount $125 per applicant (check payable to Sovereign Apartments Inc.) | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Seller | When With the application | Amount $75 | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount $300 (if financing) | Refundable Not stated |
| Move In Fee | Paid by Buyer | When At closing | Amount $1,000 | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $800 ($850 Without a Broker) plus $0.05 per share | Refundable Not stated |
| Move Out Fee | Paid by Seller | When At closing | Amount $1,000 | Refundable Not stated |
| Sale by an Estate or Trust - Closing FeePer share | Paid by Seller | When At closing | Amount $1,000 plus $0.05 per share | Refundable Not stated |
Sublet
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| 1st and 2nd Sublet FeePer share · Recurring | Paid by Shareholder | When With the application | Amount $5 per share per month | Refundable Not stated |
| 3rd and 4th Sublet FeePer share · Recurring | Paid by Shareholder | When With the application | Amount 50% of the difference between the sublet rent and the maintenance fee; or $5 per share per month whichever is greater | Refundable Not stated |
| 5th and 6th Sublet FeePer share · Recurring | Paid by Shareholder | When With the application | Amount 65% of the difference between the sublet rent and maintenance fee; or $5 per share per month, whichever is greater. | Refundable Not stated |
| 7th and 8th Sublet FeePer share · Recurring | Paid by Shareholder | When With the application | Amount 85% of the difference between the sublet rent and the maintenance fee: or $5 per share per month, whichever is greater. | Refundable Not stated |
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $300 | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Shareholder | When With the application | Amount $75 | Refundable Not stated |
| Move Out Fee | Paid by Shareholder | When With the application | Amount $1,000 | Refundable Not stated |
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $200 | Refundable Not stated |
| Credit Report FeePer applicant | Paid by Subtenant | When With the application | Amount $100 per individual (check payable to Sovereign Apartments Inc.) | Refundable Not stated |
| Move In Fee | Paid by Subtenant | When With the application | Amount $1,000 | Refundable Not stated |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $300 | Refundable Not stated |
Ownership transfer
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer FeePer share | Paid by Buyer | When With the application | Amount $850 plus $0.05 per share | Refundable Not stated |
| Corporate Counsel FeePayable to Ganfer and Shore, LLC | Paid by Buyer | When At closing | Amount To be determined after review of documentation | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- Requires confirmationSources differ. Confirm with building management.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsMinimum of one year; maximum two years. Renewals subject to Board approval.Source: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Dogs
- Permitted with conditionsLimits statedSource: The Roebling Team's building profile
- Cats
- Not statedThe source permits pets without naming cats. Limits statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $817 per room a monthMedian of 24 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.23 per square foot a monthMedian of 22 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Valet
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness room, garageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent.
Local Law 97
- 2024–2029 annual penalty
- $577,150/yr
- 2030–2034 annual penalty
- $1,232,591/yr
- Per unit / month range
- $138 – $295
- Modeled exposure split equally across 348 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Flip tax
- 1% of purchase price from buyer + 1% from seller (2% total)
- Sublet policy
- Allowed; min 1 year, max 2 years; renewals subject to Board. Escalating sublet fees ($5/share/mo yrs 1-2, rising to 85% of rent-maintenance differential yrs 7-8)
- Pied-à-terre
- Allowed
- Notable fees
- Co-op. Max financing 65%. Closing fee $800 ($850 no broker) + $0.05/share; transfer fee $850 + $0.05/share; move-in/out $1,000 each; corporate counsel fee (Ganfer & Shore) TBD
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 25, 2026 | 3A | 3 BR · 3.5 BA · 2,400 sf | $2,160,000 | $900/sf | -1.8% |
| Jul 28, 2026 | 42B | 2 BR · 2.5 BA · 1,800 sf | $2,000,000 | $1,111/sf | -16.7% |
| Mar 31, 2026 | 28B | 2 BR · 2.5 BA · 1,800 sf | $1,650,000 | $917/sf | -8.3% |
| Jan 8, 2026 | 4H | 4 BR · 4.5 BA · 2,900 sf | $2,495,000 | $860/sf | +0.0% |
| Dec 17, 2025 | 30A | 2 BR · 3.5 BA | $2,500,000 | -10.6% | |
| Nov 4, 2025 | 29C | 2 BR · 2.5 BA | $1,925,000 | -2.5% | |
| Oct 6, 2025 | 31C | 2 BR · 2.5 BA · 1,800 sf | $1,620,000 | $900/sf | -7.4% |
| Aug 26, 2025 | 4F | 1 BR · 1.5 BA · 1,400 sf | $1,250,000 | $893/sf | off-mkt |
Market read. Most recent trades (2026 to date) cleared a median $950/sf (floor-adjusted) across 4 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 5.2% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Aug 22, 2003 | 22G | $1,320,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01370-0015). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Sovereign and nearby.
At the recent median sale of $2M (12 transfers since 2024), a buyer putting 25% down would pay about $39,550 to close, or 2.0% of the price.
- Mansion tax: $25,000
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Sovereign and its market
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What to know if you’re buying
The Emery Roth & Sons architectural pedigree at late-period International Style is real institutional context.
The stepped massing produces meaningful view variance floor-to-floor. Apartment-line-specific evaluation required.
The LLC-purchase permission with board approval is structurally distinguishing for a cooperative.
The brown brick facade performance is superior to peer white-glazed-brick contemporaries.
The dog-friendly policy and the up-to-75% financing are accommodating for a Sutton Place cooperative.
Comparable buildings
- 2 Sutton Place South — Emery Roth & Sons 1938; same-architect Sutton Place peer
- 45 Sutton Place South (Cannon Point South) — Resnick & Green 1958; nearby Sutton Place peer
- 1 Beekman Place — Sloan & Robertson 1929; nearby Beekman trophy peer
- 400 East 56th Street (Plaza 400) — Birnbaum 1968; nearby Sutton Place peer
- 870 United Nations Plaza — Harrison & Abramovitz 1966; nearby UN Plaza peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
More Sutton Place buildings
- The Morad Beekman, 420 East 51st Street — 1962 co-op
- 424 East 52nd Street — 1931 co-op by Emery Roth
- 424 East 57th Street — 1925 co-op
- 430 East 57th Street — 1926 co-op by McKim, Mead & White
- Sutton Manor, 430 East 56th Street — 1955 co-op
- Sutton Tower at 430 East 58th Street — condominium by Thomas Juul-Hansen
The neighborhood
For the full corridor — architecture, transit, and pricing across Sutton Place — read The Roebling Team Guide to Sutton Place.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Sovereign?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com