Sovereign

Sovereign is a Co-op located 425 East 78th Street, in Upper East Side, New York. The building was first built in 1910 and is 114 years old. It was first renovated and altered in 1987. The lot that the building was built on is 50 feet wide and 102 feet long. The official lot area is listed as 5,108 square feet. The building itself is 50 feet wide and 60 feet long. In total, 425 East 78th Street has a total floor area of 22,341 square feet. Of that, 22,341 square feet are used for residential purposes. There are a total of 35 units. Of those, 35 are residential units. 425 East 78th Street has a total of 7 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. For your convenience, laundry is located in the building. Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 73 closings on record, of which we have matching data for 24 listings. In the past 3 years, a listing in this building will typically remain on the market for about 142 days Meaning, listings tend to sell at a median of $862 price per square foot. The transaction that took the longest to complete was unit 3B, listed on Jan 29, 2020 for $640,000. This particular unit ultimately sold 288 days later for $610,000. The most recent transaction was for unit 1C, which was first advertised on Sep 13, 2023, sold for $368,000 on Jan 23, 2024. Fun fact, the oldest transaction we have on record took place on Sep 24, 1970. See the full transaction history for Sovereign below.

Upper East Side, where 425 East 78th Street is located, has a median asking price of $940,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $480,000. For interested buyers, that means the building's median asking price is around 0.49% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $599,000. It is a 695 sqft 1-bedroom and 2-bathroom unit.