UES Apartments For Sale Q3 2018 Overview

By
Real Estate Agent with Manhattan Miami Real Estate 40ME1055359

The Upper East Side has some of the most expensive properties in New York City. It also has some of the most reasonably priced properties. While parts of the UES have long been one of the most prestigious locations, it is also a great neighborhood to buy your first apartment. The most expensive properties lie from Fifth Avenue to Lexington, but then prices are more tame as you head East. With the new 2nd Avenue Subway, this area is becoming more and more popular and relevant, with a quick twenty-minute commute from the outreaches of the Upper East Side to midtown.

You can find some very reasonably priced Upper East Side apartments for sale as there are a lot of coops in the UES, which are lower priced than condos. The UES offers the best options for entry level 2 bedrooms apartments for sale in NYC. Starting at $1,200,000, converted Junior 4 apartments could be an excellent option for someone looking for a small two bedroom apartment (with usually 1 bathroom).

 

What’s is the Difference between Condo and Coop? Which one makes the best sense in the Upper East Side?

 

Buying a condo is like buying a house. You are buying real property.  A coop, however, is not real property. It is considered personal property. Purchasers buy shares of stock in a building and the purchaser is awarded a proprietary lease to use a particular apartment in the building. Generally, property taxes and charges for common areas are lumped together into a maintenance figure that the purchaser pays monthly. In a condo, common charges and real estate taxes are paid separate.

 

If you are buying a permanent residence, have no future plans of moving, and like pre-war architecture, perhaps a coop will make the most sense. Co op prices are lower than condo prices, as there is more supply of coops than condos. However, generally, the coop board will not want you to rent out the unit, so investors should look to condos instead of coops. If you have plans of moving in the near future or prefer new buildings, a condo might make the most sense. Condo owners have more rights than coop owners. Condos can be rented out, so one doesn’t need to sell their apartment if they move elsewhere for a short while or even for longer periods. In addition, condos make up the lion’s share new buildings in Manhattan, so if you want new, coops are not an option.

 

Of course, if you have the budget for it when looking for luxury homes for sale, townhomes make a great choice, although many require extensive renovations and those that don’t can cost in the tens of millions of dollars, especially on blocks between Fifth and Lexington Avenues.

 

 

difference between condo and coop

 

 

Existing Condos in the Upper East Side

 

By the Halstead 2Q 2018 Market Report, the average price per sq. ft. for a condominium apartment in the UES neighborhood was $1,480, however, that is the average of all old and new condos. Here are a few of our favorites:

The Lucida located at 151 East 85 Street

  • Average price per sq. ft.: $2,349

Apartment 15H is a gorgeous 2 beds 2.5 baths listed for $4,000,000

https://streeteasy.com/building/the-lucida/15h

 

The Laurel located at 400 East 67 Street

  • Average price per sq. ft.: $1,871

At $1,564 per sq.ft., apartment 8E at The Laurel is an excellent option for someone looking for a 2 bedroom with potential for appreciation.

https://streeteasy.com/building/the-laurel/8e

 

170 East End Avenue

  • Average price per sq. ft.: $1,893

Beautiful views of Carl Schurz Park, Gracie Mansion and the East River from this 1,749 sq. ft. 3 beds 3.5 baths at this Upper East Side condo building. Priced at $3,200,000.

https://streeteasy.com/building/170-east-end-avenue-new_york/4h

 

170 East End Avenue

 

200 East 79 Street

  • Average price per sq. ft.: $2,230

With an excellent corner location, 200 East 79 Street is one of our favorite new development condos built in the past 10 years in Manhattan.

Apartment 4C is a bright and airy 3 beds 3.5 baths home with an asking price of $4,725,000.

https://streeteasy.com/building/200-east-79th-street-new_york/4c

 

Manhattan House located at 200 East 66 Street

  • Average price per sq. ft.: $1,913

Considered a NYC Landmark, Manhattan House was designed in the 50’s by architect Gordon Bunshaft with SOM and converted to condos in 2007.

 

The most affordable home for sale at the building is this 1 bedroom apartment with an asking price of $1,540,000.

https://streeteasy.com/building/manhattan-house/e1902

 

737 Park Avenue

  • Average price per sq. ft.: $3,540

One of the most exciting condo conversions in the Upper East Side, 737 Park Avenue is a ultra luxury condominium located at the corner 71st Street and Park Avenue.

 

Apartment 10F is a comfortable and gracious 2 beds 2.5 baths home with an asking price of $4,950,000

https://streeteasy.com/building/737-park-avenue-new_york/10f

 

Barbizon 63

  • Average price per sq. ft.: $2,285

One of the few pre-war condo buildings in the UES located on East 63rd Street and Lexington.

 

Apartment 6A at the Barbizon is a 1,508 sq.ft 2 beds 2.5 baths condo with a purchase price of $3,395,000

https://streeteasy.com/building/barbizon63-condominium/6a

 

 

Upper East Side New Developments Condos For Sale

40 East End Avenue

40 East End Avenue just launched sales a couple of months ago on the heels of neighbor 20 East End Avenue, which did very well in terms of sales and price appreciation from launch to delivery. We expect 40 EEA will do well too since we think that the first offering prices for the project are quite good. The design by Deborah Berke Partners is contemporary but blends quite well into the existing neighborhood of East End Avenue.

 

Apartment 3B is a 1,472 sq.ft. Two Bedrooms residence with Southern views and asking price of $3,050,990

https://streeteasy.com/building/40-east-end/3b

 

40 East End Avenue NYC

 

20 East End Avenue

Robert A.M. Stern designed 20 East End Avenue inside and out. It is a standout amongst new construction in the Upper East Side, with grand apartments in classic pre-war styling with some of the best finishes we have seen in Manhattan new construction. Robert A.M. Stern also designed another luxury condo currently for sale at the Upper West Side, 250 West 81 Street which has very similar design as 20 EEA.

 

Recently they just released the stunning Penthouse A (below), a full floor five bedrooms apartment with direct dual elevator access opening onto an elegant gallery. Asking price $39,500,000.

https://streeteasy.com/building/20-east-end-avenue-new_york/pha

 

New York Penthouses For Sale

27 East 79 Street

Featured on our Best Manhattan Neighborhoods to Buy a Condo Blog, this Beaux Arts style building is located half block from Central Park in one of the most coveted locations of the Upper East Side. This boutique building is clad in limestone adorned by Juliet balconies and glass domed marquee. The French La Cornue are out of this world...a true luxury in a special new condo building.

 

Residence 5 is a stunning 2 beds 2.5 baths apartment with open southern views over the landmarked Upper East side mansions of the historic Cook Block. Asking price: $5,450,000

https://streeteasy.com/building/27-east-79-street-new_york/5th-floor

 

27 East 79 Street Upper East Side Condos and Coops

180 East 88 Street

DDG always delivers interesting designs and they have done so again at 180 East 88th Street in Carnegie Hill. One of our favorite design features of this pre-war style luxury real estate project is the Gaudi inspired arches seem in the mid and Penthouse level of the buildings’ handmade brick-lad facade.

 

Residence 5B is a 740 sq.ft. corner studio apartment with North and East exposures for $1,475,000.

https://streeteasy.com/building/180-east-88-street-new_york/5b

 

Residence 28A is a corner two bedrooms apartment with 2.5 bathrooms, 14 ft. ceilings and triple exposure (North, East, and South). Asking price: $4,100,000

https://streeteasy.com/building/180-east-88-street-new_york/28a

 

180 East 88 Street NYC Condos

 

The Kent

As featured on our blog that discusses NYC condos with 421a tax abatement, the Kent is an excellent new construction option for someone looking for a property with good potential for appreciation. Designed by award-winning architects Beyer Blinder Belle and acclaimed interior designer Alexandra Champalimaud, this 30 story apartment building is located at 200 East 95 Street and has a total of 83 residences.

 

Apartment 8C is the least expensive unit priced at $4,114,000. With gorgeous river views and triple exposure to North, East and South, it’s a bright and spacious 3 bedroom with 1,959 sq.ft. of living space.

https://streeteasy.com/building/the-kent-200-east-95th-st-new_york/8c

 

Best Coops for Sale in the Upper East Side

 

 

Coops accounts for approximately 60% of the total housing inventory in the Upper East Side. By the Corcoran 2Q 2018 Market Report, the average price per sq.ft for a Coop in the UES was $1,422. Below are some examples of what’s is on the resalue Coop luxury market and have a selection of buildings considered the Top 10 Best Coops in the Upper East Side.

 

River House

Built in 1931 the River House was constructed in 1931 and is well now for turned down applicants who failed to meet their requirements. Some of the rejected buyers were A-listers like: Joan Crawford, Gloria Vanderbilt, Richard Nixon, Diane Keaton and others.

 

Apartment 7A1 is a 3 beds 3.5 baths asking $4,495,000

https://streeteasy.com/building/river-house/7a1

 

Apartment 16/17C2 is a magnificent 3 beds 3 baths home asking $9,250,000

https://streeteasy.com/building/river-house/1617c2

 

River House Coop NYC

 

The Carlyle located at 35 East 76 Street

With only 3 sales currently on the market, The Carlyle is one of the best coop buildings in the Upper East Side. It’s a 40 story building completed in 1930 and the units were converted to coops in the 70’s. It occupies the entire block on Madison Avenue between 76th and 77th Streets. The Carlyle Hotel is on the south tower.

 

Apartment 2009-15 is a 2 beds 3 baths asking $5,800,000

https://streeteasy.com/building/the-carlyle/200915

 

Apartment 615 is a 2 beds 2 baths asking $5,800,000

https://streeteasy.com/building/the-carlyle/615

 

Apartment 815 is a 2 beds 2 baths asking $5,800,000

https://streeteasy.com/building/the-carlyle/815

 

The Pierre located at 795 Fifth Avenue

Part Co-op (77 units) and part hotel (140 rooms and 49 suites) The Pierre, now part of Taj Hotels, offers great restaurants and over the top amenities and services like twice daily maid service, elevator attendants, an on-call Physician 24/7 and much more.

 

Apartment 3101 is a 2 beds 2.5 baths Central Park view home asking $23,000,000

https://streeteasy.com/building/the-pierre/3101

 

The Pierre NYC Luxury Apartments For Sale

 

720 Park Avenue

Completed in 1928, 720 Park Avenue was designed by Cross & Cross and Rosario Candela.

 

Apartment 12A is a 3 bedrooms home currently asking $20,000,000

https://streeteasy.com/building/720-park-avenue-new_york/12a

 

Apartment 7/8A is a 12,000 sq.ft. home currently asking $12,000,000

https://streeteasy.com/building/834-5-avenue-new_york/sale/1313719

 

834 Fifth Avenue

Another Art-Deco Rosario Candela building located on Fifth Avenue and 64th Street. 834 Fifth Avenue is a coop that recently gained international fame when Rupert Murdoch purchased the former Laurance Rockefeller’s apartment for $44 million.

 

Apartment 7/8A is a 12,000 sq.ft. home currently asking $12,000,000

https://streeteasy.com/building/834-5-avenue-new_york/sale/1313719

 

To finalize our discussion about the Upper East Side Real Estate Market

 

Deciding which neighborhood makes the most sense for you can be tricky.  It is important to know what developments might be coming to the neighborhood, both good and bad. If you are not working with a Manhattan Real Estate Agent, start working with one now. It is important that you select one that knows what is coming to the neighborhood, which could have a big impact on values and the way of life that you were expecting.

 

I hope you enjoyed this small selection of Upper East Side apartments for sale but if you want to explore more option in the neighborhood just let us know. Many of our clients request a tailored property search based on a set of parameters. If you would like us to do that, just provide us with some parameters (size, price points, neighborhood preference, etc.) and we will do the search for you. You can also filled the form below:

 

New York Property Search

 

Learn more about our clients experiences when buying or selling on our award winner website ManhattanMiami.com - whether you are a parent buying an apartment for a child who is going off to Columbia or NYU, an investor looking for condos for sale in NYC with good returns, Manhattan Miami Real Estate can guide you through the buying process of finding the right home for you.

 

Manhattan Miami's Clients Case Studies When Buying an Apartment in NYC

 

Upper East Side Neighborhood Guide:

 

UES Shopping

UES Entertainment

Upper East Side Restaurants 

 

Upper East Side Schools

 

 

Related Content:

Upper East Side Apartments for Sale Guide

 

Ricardo Mello

Manhattan Real Estate Agent

157 Columbus Avenue, 4th Floor

https://www.manhattanmiami.com

New York, NY 10023

 

 

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Rainmaker
4,432,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good information for anyone thinking of buying a home in New York city

Aug 31, 2018 04:07 AM #1
Rainmaker
1,748,076
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Life is too short to not go after what we want.  these are some beautiful homes to set as a goal!  

Aug 31, 2018 05:48 AM #2
Rainmaker
584,877
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

I'm convinced you are the person to contact for people considering purchasing a condo, coop, or condop in Manhattan. Exquisite photos and very informative post. Thank you!

Aug 31, 2018 07:13 AM #3
Rainmaker
3,283,661
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hello Ricardo... I know that Park Avenue scene very well, having lived for years at 1150 Park Avenue in Carnegie Hill... the view over the mall never got old.

Sep 02, 2018 06:48 AM #4
Ambassador
3,514,892
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Ricardo! Wonderful information and it's obvious that you know your market well! I wouldn't hesitate to send buyers your way. Knowledge is so key for buyers and you certainly know your market!

Sep 02, 2018 07:50 AM #5
Rainmaker
277,138
Allie Angeloni
Long Realty - Oro Valley, AZ

Very interesting and very informative Ricardo Mello.  You have certainly done your homework and your explanations are easy to understand.  Your pictures really help, and I cannot imagine more detail than what you have provided, since you have mentioned schools, restaurants and entertainment.  And the differences between Coop and Condo.  For someone who is looking in the UES and has not yet done their research, you would be my 'go to guy'.  You've given a broad overview for someone to ask specific questions that would apply to them, to narrow down their search.  Impressive, and great job!  I would have confidence in you, without having met you, as I know many folks do their Due Diligence on-line.  Best of Luck!  It looks like you are new to Active Rain, and if that is the case, "Welcome!"  It is a wonderful community and you will meet people from all over who are knowledgeable, professional, and have a sense of humor.  So nice to 'meet' you!  Allie 

Sep 02, 2018 08:04 AM #6
Rainmaker
1,404,298
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Ricardo,
That's a LOT of info!  Do you split your time between Manhattan and Miami or do you just have your license in both states?

Sep 02, 2018 08:34 AM #7
Ambassador
4,109,320
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Ricardo

There is certainly a wealth of information here, and you clearly know the market. The photos are a big help to anyone who might be interested in buying in this area and you would be the one to help them make that happen.

Jeff

Sep 02, 2018 09:09 AM #8
Rainmaker
1,574,754
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Too long but great format. There are blocks of words though that stand out when the post 1st starts out. 

I might break it up & get a few posts out it. 

Sep 02, 2018 09:31 AM #9
Rainmaker
1,716,310
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Great post.

Amazing pictures. 

Long? Not at all. 

If the buyers or sellers are interested - they will read to the end.

Sep 02, 2018 02:43 PM #10
Rainmaker
780,546
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Great info for those looking for info in the Upper East Side. -Kasey

Sep 02, 2018 03:57 PM #11
Rainer
482,047
Bruce Kunz
C21 Solid Gold Realty, Brick, NJ, 732-920-2100 - Howell, NJ
REALTOR®, Brick & Howell NJ Homes for Sale

This is an amazing post Ricardo Mello! You clearly know this territory and have done an amazing job presenting it!

Perhaps a bit long - could be 4-5 posts but certainly kept my attention all the way thru.

Thanks for sharing & explaining a part of NYC many would love to have a home in!
Bruce

 

Sep 02, 2018 09:42 PM #12
Rainmaker
1,494,314
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

This would be a great overview for someone looking to move into the Upper East Side. And including the links for shopping, entertainment, etc was a great idea. 

Sep 03, 2018 02:52 AM #13
Rainmaker
4,797,927
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Ricardo.  Thanks for the information about the Upper East Side Apartment market.

 

Sep 03, 2018 06:09 AM #14
Rainmaker
5,584,972
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Ricardo, for sharing this outstanding local market report.

Sep 03, 2018 06:44 AM #15
Rainmaker
1,032,050
Gloria Todor
Century 21 Absolute Realty - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Hi Ricardo,  Thank you for spelling out the advantages of buying a co-op verses a condo.  You know your market well.

All the best.

Sep 03, 2018 05:51 PM #16
Rainmaker
1,526,344
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

What a great informative blog post!  And your pictures are stunning.  Keep up the good work and tell us more about the real estate market in your area.

Sep 27, 2018 07:47 PM #17
Rainmaker
2,102,024
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Ricardo Mello - There is a lot of good information here! I'm not familiar with a Coop so I found this to be helpful.

Great photography too!

Nov 26, 2018 04:33 AM #18
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Ricardo Mello

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