Updated 3 years ago
Off Market
39 East 79th Street, 13-B
Upper East Side, Manhattan | Madison Ave & Park Ave
8 Rooms3 Beds3 Baths2,500 Square FeetCo-op
$4,500,000
Maintenance$6,877
Price Per SF
$1,800
Listing Features
- Abundant Closets
- Beamed Ceilings
- BuiltIns
- Corner Apartment
- Entry Foyer
- Galley Kitchen
- Home Office
- Laundry Room
- Original Details
- Private Elevator
- Washer / Dryer
- Oversized Windows
- Eat-in Kitchen
- Walk Thru Kitchen
- Windowed Kitchen
- En Suite Bathroom
- Stall Shower
Outdoor space and views
- East Exposure
- South Exposure
Building Amenities
- Full-Time Doorman
- Elevator
Policies
- Pets Allowed
Property Description for 39 East 79th Street, 13-B
UNIQUE INVESTOR OPPORTUNITY to purchase a high floor, sun-flooded, Classic 8 room apartment (approx. 2,500 sq. ft.) in one of the Upper East Side's most coveted prewar cooperative buildings at a reduced price. This exceptional residence was recently appraised by Jonathan Miller, President & CEO of Miller Samuel, for $4.5 million. The contemplated purchase structure is analogous to the French "en viager" or "for life" system, in which the buyer agrees to buy the apartment at a discounted price and make regular monthly payments on a property that the elderly seller continues to live in.
This special home is accessed from a private elevator landing. Originally part of a celebrated penthouse duplex, this wonderful residence has all principal rooms facing south onto E. 79th St. with marvelous views. The apartment has a welcoming foyer, a large living room complete with a working wood-burning fireplace, and a gracious formal dining room. There is a charming library and sizable bar off the living room and a large eat-in kitchen with northern views featuring a 6-burner Garland stove, pleasing even the most serious chef, with ample counter space and storage, and adjacent to a full-sized laundry room. Down the hall are the private quarters consisting of a palatial primary bedroom with five oversized windows facing south and east with an ensuite windowed bathroom. The second bedroom also has an ensuite bath and double exposures, and the smaller third bedroom has a dedicated bathroom in the hall which also functions as the powder room. Prewar details abound including hardwood floors and soaring 9'7 ceilings. It also includes an enormous 13'1 x 13'1 storage room!
39 East 79th Street was commissioned by etiquette expert Emily Post and designed by architect Kenneth Murchison in 1926. This distinguished building is noted for its understated elegance, excellent service, and close community with just 20 apartments on its 14 floors.
This white glove building offers a prime location on the corner of Madison Avenue and 79th Street. Adjacent to the New York Society Library, it is just one block away from Central Park, and in close proximity to The Metropolitan Museum of Art, and the neighborhood's top restaurants, hotels, stores, and galleries. Pet friendly. 2.5% flip tax paid by buyer.
There is a monthly assessment of $605.47.
Building Details for 39 East 79th Street
OwnershipCo-op
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePre-War
AccessElevator
Year Built1928
Financing Allowed40%
Floors/Apts14/21
Transit and Citi Bike
Subway
77 St
0.22 miles
86 St
0.39 miles
Citi Bike
5 Ave & E 78 St
0.13 miles
Madison Ave & E 82 St
0.14 miles
Upper East Side | Manhattan
Quick Profile
Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.
With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.
Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .
There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.
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: 2023475
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