Available for the first time in over 20 years, this high floor, modernized duplex in Sutton Place showcases 6,300 square feet of well-proportioned interiors, breathtaking views in every direction, and two outdoor balconies. Throughout the home, New York's most iconic landmarks are on display, notably the Empire State Building, the Chrysler Building, the East River, and the 59th Street Bridge. Accessed by private elevator landing and spread across two levels, this five-bedroom, five-and-a-half bath home offers privacy and comfort for day-to-day living or entertaining on a grand scale.
The sunfilled corner home begins with an expansive foyer distinguished by a stunning grand staircase. Ahead to the north, entertain to your heart's content in lavish living and entertaining space that spans approximately 40'5" by 27'8" and features an impressive wet bar and private balcony. Set against southern exposures, relish your favorite meals in the windowed chef's kitchen with dual islands, two sinks, a Viking 6-burner cooktop and grill, two full-size Viking ovens, an oversized Sub-Zero side-by-side refrigerator and freezer, two dishwashers, and service entrance. Or, dine in the corner formal dining room while taking in views to the south and west, including the Empire State Building and the Chrysler Building. Relax and unwind in the generous master suite featuring a sitting room, large walk-in closet, and ensuite windowed, five-fixture bath with dual vanities, a spa tub for two, and a separate double shower with two showerheads. Completing the main level is a second bedroom with ensuite bath as well as a conveniently located spacious laundry room.
Ascend the grand staircase to the upper level, home to three gracious bedroom suites and a second living room with private balcony, custom built-ins, and a decorative fireplace. Completing the upper level is a second full-size laundry room with service entrance and the extra-large storage room outfitted with a refrigerator. Other fine features of this gorgeous home are new sound-proof windows installed throughout, recessed lights, custom built-ins, pocket doors, three walk-in closets, hardwood and marble floors, custom moldings, abundant storage throughout, and central heating and air conditioning. The volume and scale of living and entertaining space in this home is truly extraordinary.
The Sovereign, a 47-story co-op located in coveted Sutton Place, was designed by acclaimed architect Emery Roth, who also designed the San Remo. Residents enjoy luxury, white-glove services including 24-hour doormen, porters, concierge staff, and parking valet service. Amenities include a renovated state-of-the-art fitness center and a landscaped garden. Maintenance includes gas, water, heating, and air conditioning. Pets welcome. Private and bike storage available. Flip tax of 2%: buyer pays 1% and seller pays 1%.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more