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389 E. 89, 389 East 89th Street

Between First Avenue & Second Avenue   |    Yorkville

for more information Are you ready to tour 389 E. 89? Contact

Key Details

  • Condo
  • Built in 2002
  • 156 Apartments
  • 33 Floors
  • Size From # avail
  • Studios $805,000 3
  • 1 Bed $1,029,000 9
  • 2 Beds $2,145,000 4
  • 3 Beds $2,300,000 6
  • Last updated May 24, 2018
  • View apartments for sale
$1,671 Avg. Price / Ft2
$73 Avg. Price / Ft2
  • Size Avg. Price # Sold
  • STUDIO $862,566 9
  • 1 BED $1,205,939 23
  • 2 BEDS $2,130,226 41
  • 3 BEDS $2,940,058 8
  • Avg. Price based on 81 closings during past 12 months Last updated May 27, 2018
  • View all recent sales
$1,628 Avg. Price / Ft2

Overview

71

389 E. 89, 389 East 89th Street has received a CityRealty Rating of 71, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

23
Out of 44
+
25
Out of 36
+
15
Out of 39
+
8
=
71
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Attractive 5 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Average Mix 2 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Considerable 1 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
Yes 1 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points
  • #22 Rated condo - Yorkville
How was this building rated?

389 E 89 is a 33-story condominium tower from Magnum Real Estate at 389 East 89th Street on the northwest corner at First Avenue and launched sales in the spring of 2016. The property was first developed as rentals in 2002 by The Clarett Group and Post Properties of Atlanta and was known as Post Toscana. The interior conversion was completed by Australian architect and designer Paris Forino.

This building has 156 condominium residences and was designed by Ismael Leyva.

This building was acquired by Magnum Real Estate Group, which is headed by Ben Shaoul, in 2014 in a sale that also included 385 First Avenue for a total of $270 million. Mr. Shaoul, who has been active, and controversial on the Lower East Side, also acquired the top of the Art Deco masterpiece on Barclay Street close to the World Trade Center for a conversion to condominiums.

An article in the July 14, 2014 edition of The New York Post by Lois Weiss reported that “both towers were much sought after by the city’s real-estate community, as expiring tax abatements will mark the end of rent stabilization rules. Potential buyers included those that would have kept the buildings as high-end rentals, but others, including Shaoul, had an eye on a condominium conversion that penciled out to under the $2,000-a-foot range.”

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Apts For sale at 389 East 89th Street (22)

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Apts For rent at 389 East 89th Street (1)

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Nearby Subway Stations

  1. 4
  2. 5
  3. 6
at Lexington Ave 0.38 miles

Carter Horsley's Review

389 E. 89, 389 East 89th Street Carter Horsley's Building Review
"389 E 89 is a 33-story condominium tower from Magnum Real Estate at 389 East 89th Street on the northwest corner at First Avenue and launched sales in the spring of 2016. The property was first developed as rentals in 2002 by The Clarett Group and Post Properties of Atlanta and was known as Post Toscana. The interior conversion was completed by Australian architect and designer Paris Forino." Read Carter's Full Review

The pros & cons

Pros
  • Roof deck
  • Garage
  • Concierge
  • Fitness center
  • Close to Subway
  • Near Carl Schurz Park
  • Library
  • Doorman
Cons
  • Considerable traffic
  • Many apartments
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389 E. 89, 389 East 89th Street Aerial Imagery

 

Pricing Comparison of Similar Buildings

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389 E. 89, 389 East 89th Street - 10 year Sales History

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389 E. 89, 389 East 89th Street 12 Month Sales Summary

View By Apartment Sizes
Past 12 Months
$1,628
AVG Price / ft2, based on 81 Sales
 

Loading Recent Closings Table

389 E. 89, 389 East 89th Street Alternate Addresses

  • 1721 First Avenue
  • 1723 First Avenue
  • 1725 First Avenue
  • 1727 First Avenue
  • 355 East 89th Street
  • 389E89
  • Post Toscana

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In the Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 222 Available for Sale
  • $1,666 Avg. Price / Ft2
  • $2,855,916 Avg. Price
  • $1,735,000 Median Price
  1. Most Expensive 20 East End Avenue Apt PHA | $39,500,000
    Price / ft2 $6,529
  2. Least Expensive The Salem House Apt 10M | $550,000
    Price / ft2 $1,222
Not enough data available to generate chart.
  • 81 Available for Rent
  • $65 Avg. Price / Ft2
  • $6,382 Avg. Price
  • $3,700 Median Price
  1. Most Expensive 170 East End Avenue Apt 10CD | $38,000
    Price / ft2 $104
  2. Least Expensive 347 East 85th Street Apt 1RE | $1,975
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.
  • 341 Total Sales
  • $1,525 Avg. Price / Ft2
  • $1,957,148 Avg. Price
  • $1,425,000 Median Price
  1. Most Expensive 20 East End Avenue Apt PHB | $26,300,000
    Price / ft2 $4,180
  2. Least Expensive Channel Club Apt 16D | $253,500
    Price / ft2 $553

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for more information Are you ready to tour 389 E. 89? Contact
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