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A blog from CityRealty (Links below will take you to the 6sqft site)

16 East 98th Street, #PHA

$2,950,000 | 2 beds, 1.5 baths
83 days on Market

Key Details

  • Listed: Apr 8, 2022
    Days on Market: 83
    Building Type: Cooperative
    Neighborhood: Carnegie Hill (Manhattan)
    Listing viewed 758 times
Monthly Maintenance: $3,235
Total Taxes & Fees: $3,235
Est. Monthly Mortgage: $13,697
Total Est. Monthly Carrying Cost: $16,932
Note: the above is based on a down payment of 20% ($590,000), which is the minimum amount permitted by the building.

Description

Ask any buyer what makes a perfect terrace. The answer is likely to be: "Direct access from the living room and large enough for wining and dining with lush vegetation and maximum privacy!" Terraces like this are so rare that owners hold on to them like vintage watches, a classic cars or paintings. And the only thing rarer than a home with a "direct living" terrace, is a true penthouse with protected views, high ceilings, a wood burning fireplace, and a wrap-around terrace wide enough for entertaining.

16 East 98th Street is one such unicorn.

Approximately 1,200 square feet, this sun-flooded penthouse has a 1,200 square foot south-facing "direct living" terrace (10 feet wide at its narrowest point) offering unexpected privacy and protected views of Central Park.

The terrace is perfectly configured with 3 distinct areas: the west side, with sunset views over Central Park, perfectly suited for relaxing and reflecting, the east side, with its proximity to the kitchen, ideal for entertaining and the arboretum that separates the two.

Most penthouses on top of pre-war buildings have a low ceiling, as the space was originally used to house servants. However, this penthouse was blessed with generous 10 foot ceilings which, along with the 18 x 25 foot living room, give the home a loft-like feeling, albeit a loft with views of the sun setting over Central Park.

Currently configured as a three bedroom and one and a half bath apartment with a washer and dryer, Penthouse A has a windowed kitchen equipped with top-of-the-line appliances. However, with glorious natural light all day from 3 exposures (East, South and West), great ceiling heights throughout and plumbing stacks on both sides of the home, the space offers great flexibility.

Ideally located just off 5th Avenue and Central Park, this elegant Prewar co-op (circa 1924) has a porter, live-in super, separate storage and is pet-friendly. Pied-a-terre, guarantors and co-purchasing are permitted on a case by case basis, as is 80% financing.

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Listing Agent (Seller's Representative)

Similar Apartments Nearby

 

Pricing History

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About 16 East 98th Street

  • Co-op
  • Built in 1925
  • 53 Apartments
  • 9 Floors

Building Amenities

  • Resident Storage
  • Garden
  • Elevator
  • Laundry Room
  • Bike Room
  • Live-In Superintendent

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Pros
  • Steps away from Central Park
  • Pet friendly
  • Storage space
  • Bike Room
  • Close to Subway
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Subways

  1. 6
at Lexington Ave 0.25 miles

Other Apartments Available in this Building (2)

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Dahlia
between Amsterdam Avenue & Broadway
Broadway Corridor
Forward-thinking and elegant homes on the Upper West Side. 2-4 bedroom residences | Occupancy Q3 2020.
Learn More
Dahlia Building - Exterior Views Dahlia Building - Living Room Dahlia Building - Dining Room Dahlia Building - Bedroom Dahlia Building - Exterior Front View
Listing provided courtesy of Brown Harris Stevens