1 year on rocket

40 E 88th St Unit Ph14E, New York City, NY, 10128

$4,750,000

3 Bedrooms
3 Full Baths, 1 Partial
Condo

Location

Image provided by Mapbox

Property Highlights

Home TypeStock Cooperative
Year Built1930
FireplaceOther
ViewCity, Park
MLS #PRCH-7750956
StatusActive

About 40 E 88th St Unit Ph14E

A captivating and comfortable 1930 penthouse high atop one of Carnegie Hill’s Art Deco gems, designed by noted American architects Sugarman (a J.E.R. Carpenter alumnus) & Berger. The chic and charming 2,750 square foot, 8 room cooperative apartment boasts any gardener’s delight - a 43.5 foot long setback terrace, perfect for outdoor dining and entertainment. This exceptional aerie, available for the first time in 50 years, was custom designed for a daughter the building’s owner and was once home to iconic American actor and comedian Milton Berle. Light-flooded and beautifully proportioned, the apartment features a 23 foot Gallery with original terrazzo flooring. An enfilade of 3 gracious reception rooms overlooks the 300 square foot terrace. In the vast 27.5 foot Living Room, a pair of original steel casement French doors bookend a wood-burning fireplace with a beautiful marble mantelpiece. The adjacent corner Library/Third Bedroom and a sunlit corner Solarium/Study with original slate flooring and art glass steel casement windows also overlook the terrace. The Gallery leads to a generous Dining Room, which adjoins the Solarium. Authentic Art Deco architectural details include oak herringbone parquet flooring, whimsical leaded art glass windows, detailed crown moldings and period tilework throughout. This classic Upper East Side residence also includes 3 large Bedrooms, 4 Bathrooms, a corner south-facing windowed Kitchen, and a Staff or 4th Bedroom. The versatile floorplan is thoughtfully designed with superb scale, ceilings measuring 9 foot, 6 inches and outstanding storage (15 closets). The elegant Art Deco Lobby at 40 East 88th Street has been meticulously restored to its original design. Amenities include a state-of-the-art gym, a central Laundry Room, and a bicycle storage room. The well-staffed cooperative affords maximum privacy and excellent security, with a Resident Manager and full-time Doorman and Concierge services. Dogs and cats are permitted, as is financing of up to 50% of the purchase price. Washer/dryers are permitted with Board approval. There is currently in place a monthly Operating Assessment of $2,670 through December 2024. Its prime location at the corner of Madison Avenue and East 88th Street (at the crest of the Carnegie Hill) is in close proximity to Central Park, Museum Mile and is convenient to the fine restaurants, galleries and boutiques of Madison Avenue. 40 East 88th Street is zoned for P.S. 6 - Lillie D. Blake Elementary School and is close to a number of other excellent educational institutions. The apartment transfers with a private storage locker.

Property Details

Property Features

Property Information:

  • Architectural Style: Prewar
  • Year Built: 1930

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Roberta Golubock
  • Agent Phone: (212) 606-7704

Interior Features

Interior Information:

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Washer
  • Interior: Elevator, Storage
  • Fireplace: Other

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City, Park

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,750,000

HOA Fees:

  • Amount: $7649
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

40 E 88th St Unit Ph14E vs New York

371 DAYS ON ROCKET

+287 Days

$4,750,000

+$3.8M More

KEY TAKEAWAY

This property is $3.8M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #PRCH-7750956

Listing Office:

  • Office Name: Sothebys International Realty
  • Office Phone: (212) 606-7660
  • Listing Agent: Roberta Golubock
  • Agent Phone: (212) 606-7704

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/14/2024, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$31.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.3K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-254929
9
/10
  • P.S. 6 Lillie D. Blake School

  • 45 E 81st St Frnt 1

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-254930
7
/10
  • P.S. 198 Isador E. Ida Straus School

  • 1700 3rd Ave Frnt 1

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-254931
9
/10
  • PS 77 Lower Lab School

  • 1700 3rd Ave

  • 0.45 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $176,563. Typical income of New York, NY residents is $200k+ annually. Most families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40 E 88th St Unit Ph14E

What is the listing price of this property?

The listing price of 40 E 88th St Unit Ph14E property is $4,750,000.

What type of property is this?

The property 40 E 88th St Unit Ph14E is a condo located in New York City, New York, 10128.

Is this property for sale now?

Active Listing: 40 E 88th St Unit Ph14E is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 40 E 88th St Unit Ph14E has 3 bedrooms and 3 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 40 E 88th St Unit Ph14E is 1930.
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Rocket HomesNew YorkNew York1012840 E 88th St Unit Ph14E

This home is located at 40 E 88th St Unit Ph14E in New York City, NY and zip code 10128 in the Upper East Side neighborhood. This home was built in 1930. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 09, 2023 and is currently priced at $4,750,000.

In October 2024 more than 269 listings in New York, NY were sold above the asking price. During the same period more than 850 listings were sold at asking price, while more than 833 were sold below. The number of homes for sale in New York, NY increased by 1.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $856,124, while the average time on the real estate market was 84 days.

From Rocket Homes Real Estate and based on county public records data.

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