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12 East 88th Street, NYC - Condo Apartments
 
 
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CityRealty > New York City > Carnegie Hill > 12 East 88th Street
8 Photos

12 East 88th Street

Between Fifth Avenue & Madison Avenue

Key Details

  • Year Built 1931
    Converted Year 2016
    Building Type Condominium
    Neighborhood Carnegie Hill
  • Total Apartments 24
    Total Floors 13
    Doorman FT Doorman
$2,259
Avg. Price / ft2
Apartments for Sale (5)
$2,219
Avg. Price / ft2
Recent Sales (6)

Rating

25
Out of 44

Architecture Rating: 25 / 44

Exterior:
7/8
Very Distinguished
Retail Quality:
2/5
None
Canopy Entrance:
2/3
Attractive
Alterations:
1/2
Well Done
Plaza Or Atrium:
0/3
None
Contextual Design:
2/3
Yes and Good
Skyline:
1/2
Exists
Local Visibility:
2/2
Highly Visible
Watertank:
2/2
Attractively Enclosed
Airconditioners:
2/2
Not Allowed
Free Standing:
0/2
No
Gargoyles:
0/2
None
Garden:
2/2
Attractive
Fenestration:
1/1
Consistent
Landmark:
0/2
No
Unity:
1/1
Unified Design
Illumination:
0/1
None
Water Element:
0/1
None
+
32
Out of 36

Location Rating: 32 / 36

Street Ambience:
5/5
Outstanding
Distance To Neighborhood Center:
5/5
Less than 10 blocks
Views:
3/4
Impressive
Neighborhood Ambience:
3/3
Very Attractive
Traffic Noise:
3/3
Very Little
Protected Views:
1/2
Only Top Floors
Distance To Subway:
1/2
3-5 Short Blocks
Firedepartment Noise:
2/2
No Noise
Distance To Supermarket:
2/2
Less than 3 Short Blocks
Distance To Park:
2/2
Less Than 3 Short Blocks
Distance To Water:
1/2
3-6 Short Blocks
Shopping:
2/2
5 or less Short Blocks
Schools:
1/1
No Noise
Noise From Nightlife:
1/1
None
+
18
Out of 39

Features Rating: 18 / 39

Lobby:
3/5
Quite Stylish
Units Per Floor:
4/5
2
Ceiling:
1/4
8-9 Feet
Balconies:
1/3
Some
Health Club:
1/2
Yes
Private Gardens:
0/2
None
Storage Rooms:
2/2
Considerable
Bay Windows:
0/1
None
Fireplaces:
1/1
Some
Door Person:
0/1
None
Concierge:
1/1
Yes
Elevator Person:
0/1
None
Recreational Roof:
0/1
None
Driveway:
0/1
None
Maids Room:
0/1
None
Catering:
0/1
None
Garage:
0/1
None
Mixed Use:
1/1
Yes
Non Rectilinear Form:
0/1
No
Unusual Layouts:
1/1
Some
Prewar:
1/1
Yes
Other Amenities:
1/2
Some
+
9
=
84

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
CityRealty’s Ratings Explained
  • #37 Rated condo - Upper East Side
  • #10 Rated condo - Carnegie Hill
 

Description

This very handsome, 13-story, red-brick building at 12 East 88thStreet across from the Solomon R. Guggenheim Museum was designed by Rosario Candela, one of the foremost architects of luxury apartment buildings in the city, for Fred T. Ley & Co., Inc.

It was erected in 1931 by the Carlton Company and originally had 67 rental apartments.

The rental apartment building was acquired by the Simon Baron Development Group in 2014 for $105 million and an article by Damian Ghigliotty in the February 25, 2014 edition of The Commercial Observer said that HKS Capital Partners had arranged a $120 million loan for the acquisition from Goldman Sachs.  The seller was Nostra Realty, a company run by the Kwiat and Ferman families in New York. 

According to Matthew Baron, the president of Simon Baron Development Group, the building will have only 24 condominium apartments and the conversion will install multi-paned windows that were originally on the building.  A December 2015 article in The New York Times by C. J. Hughes noted that there were 17 units in the building with tenants “paying regulated rents.”

Kuinlin Rutherfurd is the architect for the conversion.  Champalimaud has designed the public spaces and Vincente Wolf is the interior designer for the conversion.

The building is just outside the Carnegie Hill Historic District.

It is around the corner from a Morton Williams supermarket and a block away from a Duane Reade and a coffee shop. It is close to many cultural and religious institutions.

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Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Pre War
  • Basement Storage
  • Garden
  • Elevator
  • Children's Playroom
  • Fitness Center
  • Courtyard
  • Laundry Room
  • Fireplaces
  • Screening Room
  • Terraces / Balconies
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Apartments for Sale at 12 East 88th Street (5)

5
Available Apts
$2.6M - $11.5M
Price Range
$2,259
Avg. Price / ft2
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Carter Horsley's Review

Carter Horsley's Building Review
"This very handsome, 13-story, red-brick building at 12 East 88thStreet across from the Solomon R. Guggenheim Museum was designed by Rosario Candela, one of the foremost architects of luxury apartment buildings in the city, for Fred T. Ley & Co., Inc.
It was erected in 1931 by the Carlton Company and originally had 67 rental apartments." Read Carter's Full Review
Pros
  • Across from the Solomon R. Guggenheim Museum
  • Live-in superintendent
  • Storage
  • Permits most pets
  • Some Fireplaces
  • Flying buttresses
  • Handsome apartment layouts
  • Prime location in Carnegie Hill
  • Very close to Central Park
  • Laundry
  • Concierge
  • Close to Subway
Cons
  • No doorman
  • No roof deck
  • No garage

Area Map | StreetView

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More Neighborhood Info

Subways

  1. 4
  2. 5
  3. 6
at Lexington Ave 0.25 miles

Aerial Imagery

 

Sales History

View Full Sales History
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$2,219
Avg. Price / ft2
Based on 6 Sales
 

Closing History - Last 10 sales

View All Closed Transactions
10
Units Sold
$1.3M - $8.8M
Price Range
$2,212
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Map Graph Heat Map
Not enough data available to generate chart.
  • 471 Available for Sale
  • $2,037 Avg. Price / Ft2
  • $4,408,881 Avg. Price
  • $2,350,000 Median Price
  1. Most Expensive 995 Fifth Avenue Apt PH | $58,000,000
    Price / ft2 $8,207
  2. Least Expensive 160 East 91st Street Apt 4G | $299,000
Map Graph Heat Map
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 318 Total Sales
  • $1,422 Avg. Price / Ft2
  • $2,622,756 Avg. Price
  • $1,890,794 Median Price
  1. Most Expensive 1110 Park Avenue Apt PH | $17,250,000
    Price / ft2 $2,464
  2. Least Expensive 175 East 93rd Street Apt 3A | $300,000

Editorial Coverage

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