Updated 7 years ago
Off Market
12 East 88th Street, 5-F
Carnegie Hill, Manhattan | Fifth Ave & Madison Ave
4 Rooms2 Beds1 Bath951 Square FeetCondo
$1,495,000
Common Charges$1,153
RE Taxes$1,239
Price Per SF
$1,572
Listing Features
- Abundant Closets
- Beamed Ceilings
- Entry Foyer
- Original Details
- Separate Dining Area
- Solid Wood Doors
- Track Lighting
- Casement Windows
- Oversized Windows
- Dishwasher
- Service Entrance
Outdoor space and views
- East Exposure
- West Exposure
Building Amenities
- Concierge
- Bike Storage
- Courtyard
- Elevator
- Fitness Facility
- Laundry Room
- Playroom
- Resident Lounge
- Storage
Policies
- Pieds A Terre Ok
Property Description for 12 East 88th Street, 5-F
PERMANENTLY OFF MARKETWith a current rent-stabilized lessee in place, 5F has a positive cash flow monthly, over and above the maintenance and property taxes.Priced below both the average square foot and median price for the Upper East Side condo inventory for the last two years, this two-bedroom unit is a chance not to be missed!This Carnegie Hill (known for being one of the most sought after neighborhoods on the Upper East Side) CONDO located just off of Fifth Avenue is adjacent to the Engineers Gate" entrance to Central Park. A refined and historic community that is known for its world-renowned museums, exclusive shops, celebrated restaurants (the highly regarded Paola's Restaurant is just a few blocks away) quiet tree-lined streets and one of the most sought-after public education districts in the city. Twelve (12) E. 88th Street is a Rosario Candela-designed building that has been restored to the highest level of elegance, modern sophistication and detail while retaining the charming boutique feeling that is so highly desired here. For a qualified buyer, the owner will agree to 5% deposit at contract signing, rather than the 10% customarily required.Showings are extremely limited.
Listing History for 12 East 88th Street, 5-F
Now
03/28/2019
TOM by Susan DiLeo
Corcoran
01/21/2019
$1,495,000
Initial Price by Susan DiLeo
Corcoran
Building Details for 12 East 88th Street
OwnershipCondo
Building TypeMid-Rise
Service LevelConcierge
AgePre-War
AccessElevator
Year Built1931
Financing Allowed90%
Floors/Apts13/29
Transit and Citi Bike
Subway
86 St
0.27 miles
96 St
0.47 miles
86 St
0.49 miles
Citi Bike
5 Ave & E 87 St
0.05 miles
E 88 St & Park Ave
0.18 miles
Carnegie Hill | Manhattan
Quick Profile
Carnegie Hill is a small neighborhood at the northern tip of the Upper East Side that borders Central Park. It is steeped in history, great wealth, architecture and culture. It is known for its world-class museums and its rows of historic mansions. Nothing much changes here as the entire area is landmarked, preventing the proliferation of high-rise developments. Thus the buildings stay a human scale, the sky is aplenty and the neighborhood kind of feels like a small town to its long time residents.
The name Carnegie Hill is derived from the industrial magnate Andrew Carnegie, when Carnegie decided to build himself a mansion at 91st Street and Fifth Avenue….
Carnegie Hill is a family neighborhood with old fashioned upper crust money. The mid-rise co-ops that line the avenues are among the most prestigious addresses in the city. The avenues are lined with small restaurants, boutique shops
The residential towers that have proliferated on the eastside of Third Avenue in the East 90s simply do not exist between Lexington and Fifth.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1801369
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