425 East 58th Street (The Sovereign)
425 East 58th Street, New York, NY 10022
Sutton Place
BBL 1013700015 · BIN 1040637
- Year built
- 1973
- Type
- Cooperative
- Units
- 360
- Floors
- 48
- Financing
- Up to 65% financeable (35% minimum down).
- 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
- $920
- Listing discount
- 5.2%
- Recorded sales
- 274
- On record
- 2003–2026
The Sovereign is the precursor of Trump Tower's stepped-massing trophy condominium concept — a 1973-1974 Emery Roth & Sons commission that "caused quite a stir in the Sutton Place neighborhood upon its completion due to its enormous scale and innovative stepped plan design that would later influence Trump Tower" (public records).
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.
Local Law 97
- 2024–2029 annual penalty
- $577,150/yr
- 2030–2034 annual penalty
- $1,232,591/yr
- Per unit / month range
- $138 – $295
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →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, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| 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 |
| Aug 19, 2025 | 26B | 2 BR · 2.5 BA · 1,800 sf | $1,950,000 | $1,083/sf | -7.1% |
| May 29, 2025 | 16E | 4 BR · 4.5 BA | $2,450,000 | +0.0% |
Market read. Most recent trades (2026) cleared a median $920/sf across 2 sales. 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) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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 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.
The Trump Tower stepped-design influence anchors architectural-history positioning.
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.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
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.
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.
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.