418 East 59th Street, #PHB, New York (Sutton Place), NY, 10022 | $2,299,000

Elevated above the city in one of Manhattan's most desirable enclaves, this stunning duplex penthouse offers a rare blend of luxury, natural light, and iconic views. Perched high atop 418 East 59th Street, this 2, 100 sq ft residence showcases breathtaking panoramas of the East River and Manhattan skyline, including direct views of the Empire State Building and Chrysler Building, creating a tranquil and inspiring atmosphere throughout the day.
Enter through a welcoming foyer into an expansive, sun-filled layout that includes a generous living room, elegant dining area, and a windowed kitchen, which allow for both entertaining and everyday living.

The home features three spacious bedrooms and three full bathrooms. The primary suite serves as a private sanctuary, offering ample closet space and a windowed en-suite bath with double sinks, all bathed in soft, natural light. The two additional bedrooms enjoy sweeping city and river views and each have a designated bathroom.

A custom-designed Lucite and wood curved staircase leads to the upper level, where a dramatic, windowed great room opens onto two private outdoor terraces totaling approximately 350 sq ft. With electric and water connections, these terraces are wonderful for relaxing, entertaining, or creating your own rooftop garden, all while enjoying breathtaking views of the skyline, river, and city landmarks.

Just off the upper level is access to a private, approximately 200 sq ft storage room that elevates the functionality of this home even further. Outfitted with four closets, including a generous cedar closet, this flexible space can easily be transformed into a home office, gym, creative studio, or serve as exceptionally large storage room.

Additional features include an in-unit washer and dryer, hardwood floors throughout, and all the benefits of a well-maintained, full-service building.
A truly rare offering, this penthouse combines scale, light and outdoor living in a location that's both vibrant and convenient, just moments from Midtown, the East River Esplanade, and some of the city's best dining and shopping.

Features

  • Town: New York
  • Cooling: Central
  • Levels: 37
  • Amenities: Bike Room; Garage; Garden; Fitness Room; Laundry Room; Luggage Storage;
  • Rooms: 7
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Other
  • Complex: Grand Sutton, The
  • Year Built: 1988
  • Pet Policy: No Pets
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Patio: Yes
  • Building Access : Elevator
  • Service Level: Full Service
  • Concierge: Yes
  • Doorman: FullTime
  • OLR#: RLS20084496
  • Days on Market: 35 days
  • Website: https://www.raveis.com
    /prop/RLS20084496/418east59thstreet_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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418 East 59th Street, #PHB, New York (Sutton Place), NY, 10022

$2,299,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,839,200 $1,839,200 $1,839,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.361% 6.183%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,443 $11,324 $15,520
Total Monthly Payment $10,568 $11,449 $15,645

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.