More High End Blues - 115 East 87th

Posted by urbandigs

Thu Feb 2nd, 2006 09:46 AM

nyc real estate

A: The latest in the High End Blues legacy brings me to 115 East 87th Street, Apt. 12BC. Nestled between Park Avenue & Lexington Ave, this large 4 Bedroom apartment just broke UNDER $1,000/Per Square Foot!

As is described on the website listing of Pat Palermo & Lili Gross of Corcoran:

The Carnegie Tower is a full service building with strong financials and friendly staff. The building has a garage, storage, a large windowed Laundry Room on 5th Floor, plus a 5th Floor Outside Deck area wrapping around the building which includes a separate play area for children. Located between Park & Lexington Avenues, steps from Central Park, NYC's major museums, Carnegie Hill boutiques, just one block from the Express Subway stop (#4,5&6), several private schools, and it's in the P.S. 6 School District!

Latest word on the price reduction at 115 East 87th Street:

Apt. 12BC
On the market since 9/26/2005
Reduced from $2.795M to 2.595M to 2.350M 2 Days Ago!

Reduced $445K!
Marketed By: Pat Palermo & Lili Gross of Corcoran

This 2,400 sq. ft. apartment is now priced at $979 a square foot and with reasonable monthly's represents quite a value to me. The seller seems 'ready to go' and props to both brokers for aggressively cutting the price at what seems to be the perfect time as the housing activity in NYC starts to pick up. If you are in the market for a 4BR apartment in a good location in the Upper East Side, be sure to go to the Open House this Sunday, February 5th from 2:30-4:30PM!

For perspective compare this listing to another BC line (also 2,400 sq. ft.) in the same building that is up for sale:

Apt. 25BC (Sponser Unit)
On the market since 7/13/2005
Reduced from $3.5M to 3.199M

Reduced $301K!
Marketed By: Leah Goldfarb (scroll down for actual listing); Contact # 212-696-7105

This unit is priced at $1,333 per square foot which reflects the actual value being offered by Apt. 12BC.